Montage Technology (06809): Independent director proposes share repurchase of A-shares

Zhitong Finance APP News, Montage Technology (06809) issued an announcement that the company's board of directors received a letter on October 16, 2026 from the company's independent director Mr. YUHUA CHENG (Cheng Yuhua), titled "Letter Regarding the Proposal for Montage Technology Co., Ltd. to Repurchase the Company's A-Shares." Mr. YUHUA CHENG (Cheng Yuhua) proposed that the company use its own funds to repurchase the company's A-shares through centralized bidding transactions. Total funds for the share repurchase: no less than RMB 300 million (inclusive), and no more than RMB 500 million (inclusive). The repurchased shares will all be used for employee stock ownership plans or equity incentives at an appropriate time in the future, and will be transferred within three years after the announcement date of the share repurchase implementation results and share changes; if the repurchased shares have not been fully transferred within three years after the announcement date of the share repurchase implementation results and share changes, the company will perform the procedure of reducing registered capital in accordance with the law, and the untransferred shares will be cancelled.