Montage Technology completes 2023 employee stock plan sales and termination

Montage Technology announced today the full sale of all company shares held under its 2023 employee stock ownership plan (ESOP), leading to its termination. The plan, which was approved by the board of directors, supervisory board, and shareholders in April and May 2023, is now complete. This divestment adheres to relevant regulations, including those from the China Securities Regulatory Commission and the Shanghai Stock Exchange.

The 2023 ESOP had acquired 4.18 million shares, representing 0.37% of the company's total share capital of 1,136,078,141 shares, as disclosed on May 30, 2023. These shares were subject to a 12-month lock-up period, commencing from May 30, 2023, and ending on May 29, 2024. The completion of sales confirms the ESOP's full execution and subsequent termination.

Following the termination, Montage Technology will proceed with the liquidation and distribution of related assets. The company emphasized that the plan strictly followed market trading rules and information disclosure sensitive period regulations, ensuring no insider trading occurred.