On June 3, Montage Technology (06809.HK) rose 8.84% in regular trading, trading at HK$415.4/share, with trading volume of HK$247 million.

On the news front, the company recently released a series of positive announcements driving the rebound. First, the board proposed a general mandate for shareholders to authorize H-share buybacks of up to 10% of issued H-shares, equivalent to approximately 7,577,350 shares. Second, the board resolved to adopt a 2026 H-share Incentive Plan with an authorized limit of 60.4834 million shares, representing 5% of total issued shares, subject to shareholder approval at the annual general meeting scheduled for June 24. Third, the company's subsidiary Hengqin introduced Yunfeng Fund through a capital increase of approximately RMB 500 million, earmarked for CXL and PCIe Switch chip R&D.

The stock had previously declined over 8% on June 1 amid a broader semiconductor sector selloff triggered by shareholder reduction waves. The current rally reflects a technical recovery from the prior correction combined with the concentrated release of corporate-level catalysts.

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