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Montage Technology (with the stock code 688008.SH on the Shanghai Stock Exchange) made an announcement stating that its Chairman and Chief Executive Officer, Yang Chonghe, has put forward a proposal. According to this proposal, the company should utilize its own funds to repurchase A-share shares via centralized bidding transactions. The total amount earmarked for this repurchase will fall within the range of 300 million to 600 million yuan. The maximum price for the repurchase is set at 150% of the average trading price of the company's A-share shares over the 30 trading days prior to the board's approval of the repurchase resolution. Additionally, the repurchase period is stipulated to be within three months from the date when the board approves the plan.
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