Montage Technology's stock price dropped sharply by 5.02% during intraday trading on Friday, as the company faced significant market pressure.

The decline comes after a major shareholding movement was disclosed, involving a transfer of shares worth HK$1.86 billion, representing 6.09% of the company's capital. This substantial transaction likely contributed to investor uncertainty and selling pressure.

Additionally, Montage Technology announced a proposed 2026 H-share incentive plan, which requires shareholder approval at the upcoming annual general meeting. Such corporate actions can create near-term volatility as investors assess their potential impact on shareholder value.