Montage Technology major shareholder's stake drops below 8%

Zhuhai Rongying Investment Partnership and its concerted parties, WLT Partners, L.P. (collectively referred to as "Zhuhai Rongying and its concerted parties"), have reported a decrease in their aggregate shareholding in Montage Technology Co., Ltd. Their combined stake fell from 8.98% to 7.98%, triggering the 1% threshold for equity changes. This reduction, occurring between February 20, 2025, and October 17, 2025, primarily resulted from the sale of 11,447,800 shares through concentrated bidding, representing approximately 1.00% of the company's total share capital.

The decrease in ownership also includes a passive dilution effect from an increase in Montage Technology's total share capital due to the vesting of restricted shares. Specifically, Zhuhai Rongying's direct holding decreased from 5,780,523.8 shares (5.05%) to 4,635,743.8 shares (4.05%) through concentrated bidding and passive dilution. WLT Partners, L.P.'s stake remained at 4,501,252.4 shares (3.93%) but was also passively diluted.

Montage Technology emphasized that this equity change is a result of the shareholder executing a previously disclosed share reduction plan and passive dilution. The company confirmed that there are no breaches of securities laws or regulatory commitments, and the change will not affect the company's governance or continuous operations, as Montage Technology has no actual controller.