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Montage Technology initiates CNY 200-400m share repurchase plan

June 27, 2025 at 10:33 AM UTCBy FilingReader AI

Montage Technology (SSE: 688008) announced the commencement of its A-share repurchase plan, approved on June 20, 2025, with the initial repurchase executed on June 23, 2025. The company plans to repurchase shares worth between CNY 200 million and CNY 400 million at a price not exceeding CNY 118 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. On June 23, 2025, Montage repurchased 450,000 shares, representing 0.04% of the total share capital, at prices ranging from CNY 77.79 to CNY 78.29 per share, totaling CNY 35.1176 million. The company's top shareholder, Hong Kong Securities Clearing Company Limited, holds 116,950,553 shares, representing 10.22% of the company's share capital. The company affirms that the buyback aligns with regulatory requirements and the previously disclosed buyback strategy.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:688008Shanghai Stock Exchange

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