Montage Technology Independent Director Proposes A-Share Buyback of 300M-500M Yuan

The notable detail is that the proposal comes from an independent director rather than management, and that the shares are earmarked for an ESOP or equity incentives rather than cancellation — signaling retention intent over pure capital return. The three-month window and the 150%-of-30-day-average price cap suggest a fairly aggressive execution envelope. Whether the board formally approves, and whether the buyback is actually completed within that window, is the open question for gauging how serious the signal is.