Montage Technology made a public announcement stating that XConn Company (referred to as the "Target Company"), in which Montage Cayman, its wholly-owned subsidiary, has an equity interest, has received an acquisition proposal from Marvell Technology, Inc. (the "Buyer"). The Buyer has expressed its intention to acquire the entire equity stake of the Target Company. Following a series of negotiations between the respective boards of directors of both entities, a definitive merger agreement has been inked recently. After thorough deliberation, Montage Technology has given its consent to proceed with this transaction and has entered into a support agreement with the Buyer. Prior to the execution of this transaction, Montage Cayman held a 13.075% fully diluted equity interest in the Target Company. Upon completion of the transaction, Montage Cayman will relinquish all of its equity holdings in the Target Company.