Montage Technology approved for overseas H-share listing

Montage Technology announced it has received approval from the China Securities Regulatory Commission for its proposed issuance of up to 130,204,100 overseas listed ordinary shares (H-shares) and their listing on the Hong Kong Stock Exchange. This regulatory green light confirms the company's progress towards an international presence.

In a related development, Montage Technology revised its Third Board of Directors' Core Management Incentive Plan. The company changed stock appreciation rights to an additional 1,140 million restricted shares, totaling 2,280 million restricted shares, representing 1.9956% of the company's total share capital as of the announcement date. The adjusted grant price for these restricted shares is CNY45.91 per share. The company will also seek shareholder approval for the appointment of Ernst & Young Hua Ming LLP as its 2025 financial and internal control auditor and to provide financial assistance of up to CNY200 million to its subsidiary, Montage Electronic Technology (Zhuhai Hengqin) Co., Ltd.