Montage Technology revises executive incentive plan, share transfer rules

Montage Technology announced a revised core senior management incentive plan, granting restricted shares to key executives. chairman and chief executive Yang Chonghe, and executive director and general manager Stephen Kuong-Io Tai, each received 570,000 restricted shares. This represents 50% each of the newly granted shares and 0.4972% each of the total share capital. The total restricted shares granted under the revised plan amount to 1,140,000 shares, constituting 0.9944% of the company's total share capital.

The company also announced revisions to its Articles of Association, effective from its H-share listing. A key amendment clarifies that all H-share transfers must use written instruments in a general or common format acceptable to the board, including standardized forms or transfer deeds prescribed by the Hong Kong Stock Exchange. The amendments also clarify voting rights for shareholders, particularly regarding related parties and procedures for shareholders to vote by proxy.

These revisions were approved at the 2025 first extraordinary general meeting and further reviewed at the third board of directors' thirteenth meeting on December 26, 2025. The second extraordinary general meeting on December 26, 2025, approved related proposals including financial assistance to a subsidiary, appointment of audit institutions, and the aforementioned incentive plan. Voting results showed over 92% approval for all resolutions.