Montage Technology Co., Ltd. (SHSE:688008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of shares. The shares will be repurchased at a price of not more than CNY 80 per share.

All repurchased shares will be used for employee stock ownership plans and/or equity incentives at an appropriate time in the future. The company will use its own funds to fund the repurchases. The program will be valid 6 months.