Stock code: 688008 Stock abbreviation: Montage Technology Announcement No.: 2024-074

Montage Technology Co., Ltd

Announcement of the plan for shareholders to reduce their shareholdings through centralized bidding

China Electronics Investment Holdings Co., Ltd., Jiaxing Xindian Investment Partnership (Limited Partnership), Zhuhai Rongying Equity Investment Partnership (Limited Partnership), and WLTPartners, L.P. guarantee that the information provided to Montage Technology Co., Ltd. (hereinafter referred to as "Montage Technology" or the "Company") does not contain any false records, misleading statements or material omissions, and assumes legal responsibility for its authenticity, accuracy and completeness in accordance with the law.

The Board of Directors and all directors of the Company guarantee that the content of the announcement is consistent with the information provided by the above-mentioned shareholders.

Important Content Notes:

The basic situation of the shareholding of the major shareholder

As of the disclosure date of this announcement, China Electronics Investment Holdings Co., Ltd. (hereinafter referred to as "CPIC") held 65,163,871 shares of the company, accounting for 5.69% of the company's total share capital; Jiaxing Xindian Investment Partnership (Limited Partnership) (hereinafter referred to as "Jiaxing Xindian") holds 10,498,300 shares of the company, accounting for 0.92% of the company's total share capital. CPID and Jiaxing Xindian are acting in concert, collectively referred to as "CPID and its persons acting in concert", holding a total of 75,662,171 shares of the Company, accounting for 6.61% of the Company's total share capital.

Zhuhai Rongying Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Zhuhai Rongying") holds 60,805,238 shares of the company, accounting for 5.31% of the company's total share capital; WLTPartners,L.P（. Hereinafter referred to as "WLT")

It holds 45,012,524 shares of the company, accounting for 3.93% of the company's total share capital. Zhuhai Rongying and WLT are consistent

The actors, collectively referred to as "Zhuhai Rongying and its persons acting in concert", hold a total of 105,817,762 shares of the Company, accounting for 9.24% of the total share capital of the Company.

The main content of the centralized auction reduction plan

CPID Investment Holding and its persons acting in concert intend to reduce their holdings of the Company's shares by centralized bidding by a total of no more than 11,447,892 shares, and the proportion of the shares to be reduced shall not exceed 1% of the Company's total share capital. This is a reduction

The program is intended to take place within 3 months from February 5, 2025, and the price of the reduction will be determined based on the market price.

Zhuhai Rongying and its persons acting in concert intend to reduce their holdings of the company's shares by centralized bidding by a total of no more than 11,447,892 shares, and the proportion of the shares to be reduced shall not exceed 1% of the company's total share capital. This is a reduction

The program is intended to take place within 3 months from February 5, 2025, and the price of the reduction will be determined based on the market price.

The company's directors, supervisors and senior managers do not participate in the shareholding reduction plan.

1. The basic situation of the main body of centralized bidding to reduce holdings

Number of shares

Name of Shareholder Identity of Shareholder Shareholding Ratio Source of Current Shares

(Shares)

China Power Investment Holdings

Its concerted action of more than 5% was achieved before the IPO: 75,662,171

1. The largest shareholder is 75,662,171 6.61% shares

person

Zhuhai Rongying

Its concerted action of more than 5% of the first pre-IPO obtained: 105,817,762

Major shareholders 105,817,762 9.24% shares

person

Note: The "shareholding ratio" is calculated based on Montage's current total share capital of 1,144,789,273 shares.

There are persons acting in concert with the above-mentioned shareholding reduction entities:

Number of shares

Name of shareholder Shareholding Percentage Reasons for the formation of the concerted action relationship

(Shares)

Group 1 CPI Investment Holdings and its Consistent Line 75,662,171 6.61% General Partner of Jiaxing Core Electric

Moving is controlled by China Power Investment Control

Total 75,662,171 6.61% —

Group 2 Zhuhai Rongying and its Consistent Line 105,817,762 9.24% WLT controllers are in Zhuhai

Touching Rongying enjoys important property rights

Total 105,817,762 9.24% —

Reduction of shareholdings by major shareholders and persons acting in concert with them in the past 12 months

Quantity of holdings to be reduced Price range of holdings to be reduced in the early stage

Name of shareholder Shareholding reduction ratio Shareholding reduction period

(Shares) (RMB/Share) Disclosure Date

CLP Investment Holdings & 19,404,800 1.70% 2024/6/14~ 46.35-57.72 Not applicable

Its concerted action 2024/7/26

person

Zhuhai Rongying & 11,500,000 1.00% 2024/7/26~ 57.72-57.72 N/A

Its concerted action 2024/7/26

person

Note 1: The above-mentioned shareholder shareholding reduction was carried out through inquiry transfer, so the "disclosure date of the previous shareholding reduction plan" is not applicable.

Note 2: The "Reduction Ratio" is based on Montage's current total share capital of 1,144,789,273 shares.

Second, the main content of the centralized bidding reduction plan

Planned to reduce holdings Proposed reduction

Planned reduction Reasonable reduction Proposed reduction

Name of shareholder Number Reduction method Shareholding reduction period Shares come

Proportional price range reason

(shares) source

CPI Investment Holdings does not exceed: does not exceed: Bidding transaction minus 2025/2/5~ According to the market price before the IPO of its own capital

and its consistent 11,447,892 1.00% holding, not exceeding: 2025/5/4 obtained gold demand

11,447,892 shares

Zhuhai Rongying does not exceed: does not exceed: Bidding transaction minus 2025/2/5~ According to the market price before the IPO of its own capital

and its consistent 11,447,892 1.00% holding, not exceeding: 2025/5/4 obtained gold demand

11,447,892 shares

Note 1: The "planned reduction ratio" is based on Montage's current total share capital of 1,144,789,273 shares.

Note 2: The company's directors, supervisors and senior management personnel do not participate in the shareholding reduction plan.

(1) Whether the relevant shareholders have other arrangements □Yes √ No

(2) The major shareholder's previous shareholding ratio, number of shares, shareholding period, method of reducing shareholding, number of shareholdings, and reduction

Whether the price is held and whether there is a commitment √ Yes □ No

China Power Investment Holding and its persons acting in concert, Zhuhai Rongying and its persons acting in concert regarding their shareholding intentions and shareholding reductions

The commitments of intent are as follows:

1. Within 36 months from the date of listing of the company's shares, it will not transfer or entrust others to manage the unit/

The shares of the company that have been issued before the public offering of shares held by me will not be repurchased by the company.

2. (1) Within two years from the date of expiration of the lock-up period of the company's shares held by the unit, if the centralized auction transaction method is adopted, the total number of shares to be reduced shall not exceed 1% of the total number of shares of the company within any consecutive 90 days; In the case of block trading, the total number of shares to be reduced shall not exceed 2% of the total number of shares of the company in any consecutive 90-day period. If there are new rules on reducing the number of shares held by relevant laws and regulations and stock exchanges, the unit will implement the new rules; (2) Within two years from the date of expiration of the lock-up period of the company's shares held by the unit, the reduction price shall not be lower than the price of the initial public offering of shares (if the ex-rights and ex-dividends are carried out due to the distribution of cash dividends, share gifts, conversion of share capital, issuance of new shares, etc., the ex-rights and ex-dividends price will be adjusted in accordance with the relevant provisions of the stock exchange); (3) The ways for the unit to reduce its holdings of the company's shares include centralized auction transactions, block transactions, agreement transfers and other methods that comply with the relevant regulations of the China Securities Regulatory Commission and the stock exchange; (4) If it intends to reduce its shareholding in the company's shares, the unit will strictly abide by and implement the relevant provisions of the "Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange" on the disclosure of the content, progress and results of the shareholding reduction plan.

Whether the proposed shareholding reduction is consistent with the previously disclosed commitments √ Yes □ No

(3) The relevant shareholders do not have the circumstances stipulated in Articles 5 to 9 of the Self-Regulatory Guidelines for Listed Companies No. 15 - Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Managers.

(4) Whether it is a company that is not profitable at the time of listing, its controlling shareholders, actual controllers, directors, supervisors,

The situation in which senior management intends to reduce their holdings of pre-IPO shares □Yes √ No

(5) Other matters required by the Shanghai Stock Exchange

not

3. The controlling shareholder or actual controller reduces the pre-IPO shares

Whether it is the controlling shareholder or actual controller who intends to reduce its holdings of pre-IPO shares √ Yes □ No

The company has no controlling shareholder and actual controller. Zhuhai Rongying, the company's largest shareholder, and its persons acting in concert plan to reduce their holdings of pre-IPO shares through centralized bidding.

The implementation of the shareholding reduction plan will not lead to changes in the company's lack of controlling shareholders and actual controllers, and will not adversely affect the company's governance structure and continuous operation. The Company also has no relevant material negative events and significant risks.

4. Risk reminder related to the centralized bidding reduction plan

(1) The risk of uncertainty in the implementation of the shareholding reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan

The specific circumstances in which the relevant conditions have been fulfilled or eliminated, etc

The shareholders of this reduction will decide whether to implement the share reduction plan according to the market and the company's stock price, because the implementation of the shareholding reduction plan is uncertain about the time, quantity and price of the reduction

Please pay attention to the investment risks.

(2) Whether the implementation of the shareholding reduction plan may lead to the risk of a change in the control of the listed company □ Yes √ No

(3) Other risk warnings

The shareholding reduction plan complies with the relevant provisions of the Securities Law of the People's Republic of China, the Interim Measures for the Administration of Shareholding Reduction by Shareholders of Listed Companies, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 15 - Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Managers. The major shareholders will strictly follow the laws, regulations and relevant regulatory requirements to implement the reduction, and the company and the major shareholders will fulfill their information disclosure obligations in a timely manner.

The announcement is hereby made.

Montage Technology Co., Ltd

Board of Directors

December 28, 2024