Montage Technology: Key shareholders reduce stakes below 6%

Montage Technology (SSE:688008) has announced that China Electronics Investment Holding Co., Ltd. and Jiaxing Xin Dian Investment Partnership (collectively, "the shareholders") have decreased their holdings in the company, triggering a disclosure due to the change exceeding 1%. As of April 29, 2025, the shareholders' combined stake in Montage Technology fell from 7.13% to 5.97%, with their total shareholding decreasing from 81,369,471 to 68,392,597 shares. This reduction stems from a combination of share sales via centralized competitive bidding and passive dilution due to new shares issued under Montage Technology's restricted stock incentive plan. The shareholders, who are not Montage Technology's controlling entities, confirmed this activity doesn't breach prior commitments. Concurrently, it was announced that another set of shareholders, Zhuhai Rongying and WLT Partners, completed their planned share reduction with their holdings now at 8.24% of the company. The two key shareholders of Montage technology have been reducing their stakes in the company with stakes now below 6%.