Montage Technology (688008.SH) independent director proposes repurchasing RMB 300 million to RMB 500 million of the company's A-shares

Zhitong Finance APP News, Montage Technology (688008.SH) issued an announcement that the company's board of directors received a letter on October 16, 2026, from the company's independent director Mr. YUHUA CHENG (Cheng Yuhua), titled "Letter Regarding the Proposal for Montage Technology Co., Ltd. to Repurchase the Company's A-Shares." Mr. YUHUA CHENG (Cheng Yuhua) proposed that the company repurchase its A-shares using its own funds through centralized bidding transactions. Total funds for the share repurchase: no less than RMB 300 million (inclusive), and no more than RMB 500 million (inclusive). The repurchased shares will all be used for employee stock ownership plans or equity incentives at appropriate future times.