MINIEYE (02431) has obtained a cornerstone investor, Horizon Together, increasing its holding by 688,200 H shares.

MINIEYE (02431) announced that, based on the long-term optimism about the company's business development, one of the company's cornerstone investors, Horizon Together, recently purchased a total of 688,200 shares of the company's H shares on the open market. Horizon Together is fully owned by Horizon Robotics. Horizon Robotics is a company listed on the Hong Kong Stock Exchange (stock code: 9660) and is a leading supplier of intelligent driving assistance solutions for passenger vehicles. The company's solutions integrate leading algorithms, specialized software, and advanced processing hardware to provide core technological support for basic driving assistance and full-scene driving assistance. The company has a deep cooperation with Horizon Robotics in the development of intelligent driving assistance solutions and L4 unmanned delivery vehicle solutions. Based on the auxiliary driving domain controller products developed by Horizon Robotics' Journey series processing hardware, the group has mass-produced on-board products covering leading passenger and commercial vehicle manufacturers domestically and internationally. Horizon Together informed the board that the decision to increase its stake in the company was based on the long-standing cooperation between its parent company Horizon Robotics and the company, the long-term optimism for the group's future business development prospects, and the recognition of the company's significant value in the Horizon Robotics ecosystem. At the same time, both parties look forward to jointly promoting the rapid development of the L4 unmanned delivery vehicle business through mutual technological and resource empowerment. The board believes that Horizon Together's voluntary share purchase through on-market acquisition demonstrates a strong confidence in the group's future prospects and long-term development.