On July 24, MONTAGE TECH rose 3.08% in regular trading, trading at 326.6 HKD/share, with turnover of HKD 250 million.

On the news front, the company announced the previous evening a plan to repurchase A-shares through centralized bidding, with the buyback amount ranging from RMB 3 billion to RMB 6 billion, at a price not exceeding RMB 332.90 per share, to be completed within three months. The funds will come from the company's own capital, aimed at maintaining corporate value and shareholder interests.

Following a deep correction in the storage sector, MONTAGE TECH's share price had notably retreated from its previous highs, with market capitalization shrinking approximately 30%. The substantial buyback is viewed as a positive signal of management's recognition of intrinsic value. Additionally, the company simultaneously disclosed that vesting conditions for its restricted stock incentive plans have been met, with a total of 909,187 shares set to vest across 270 participants, further demonstrating operational confidence.

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