Montage Technology launches second share repurchase plan for 2025

Montage Technology (SSE:688008) has unveiled its second share repurchase plan for 2025, committing between CNY200 million and CNY400 million for A-shares, with prices not exceeding CNY118 per share. This move, approved by the board and pending shareholder approval, will reduce registered capital. Concurrently, Montage will invest CNY40.2 million into its subsidiary, Montage Technology (Zhuhai Hengqin) Co., Ltd., as part of a capital injection strategy to support the subsidiary's development and CXL MXC, PCIe Switch chip research. While increasing investment in its Zhuhai Hengqin subsidiary, Montage's percentage share will be slightly reduced, still retaining it as a subsidiary company. Simultaneously, it has announced a reduction of registered capital requiring the notification of creditors, who will have 45 days to request debt repayment or corresponding guarantees.