On July 30, MONTAGE TECH rose 3.04% in regular trading, trading at 277.4 HKD/share, with turnover of HKD 119 million. The rebound follows the company's first execution of its A-share buyback plan.

On July 29, MONTAGE TECH repurchased 500,000 A-shares via centralized bidding at prices ranging from RMB 192.18 to RMB 210.00 per share, spending approximately RMB 103 million in total. This marks the initial implementation of the RMB 300-600 million buyback program approved by the board on July 23, with a deadline of October 23. The buyback is intended to maintain company value and protect shareholder interests.

The stock had experienced significant selling pressure in prior sessions, declining over 9% on July 28 amid storage sector weakness triggered by Changxin Technology's listing and SK Hynix's below-expectation Q2 results. UBS Group AG also reduced its stake by 123,700 shares on July 22. The buyback execution appears to have provided a floor for sentiment recovery, with sector peer GIGADEVICE also rising 4.44% in the session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)