Montage Technology approves subsidiary capital increase and equity incentive plan

Montage Technology Co., Ltd. has announced the resolutions from its Third Board of Directors' Ninth Meeting, highlighting a capital increase for its subsidiary, Montage Technology (Zhuhai Hengqin) Co., Ltd ("Hengqin Company"), and the granting of restricted stock under its 2024 incentive plan. To bolster the operational development of Hengqin Company, Montage Technology will invest CNY 40.2 million to subscribe for a portion of Hengqin's increased registered capital. Concurrently, other investors, including Shanghai Chengxi Moshuo Enterprise Management Partnership, will also contribute to the capital increase, raising Hengqin's registered capital from CNY 100 million to CNY 133.5 million. Upon completion, Montage Technology's stake in Hengqin will slightly decrease from 51% to 48.24%, however, Hengqin company will remain a subsidiary.