HK Stock Market Move | MINIEYE (02431) surges more than 7%, management accumulates 167,000 shares, optimistic about the long-term development prospects of the L4 unmanned logistics vehicle business.

MINIEYE (02431) rose more than 7%, as of the deadline, it rose 5.56% to 17.01 Hong Kong dollars, with a turnover of 34.0996 million Hong Kong dollars. On the news front, on January 21, MINIEYE announced that senior management members Wen Qi, Zheng Wei, Cheng Zhui, Yang Yihong, and Luo Xiwen purchased a total of 167,000 H shares of the company on the open market with their own funds as of January 21. According to the announcement, this management's increase in holdings is based on a high degree of recognition of the recent achievements in the company's front-loading business areas (including the core segments of mid-to-high-end advanced driving assistance systems, intelligent cabins) and L4 autonomous vehicle business. It is also a full affirmation of the company's full stack self-developed platform technology, integrated research and development capabilities, and leading mass production capabilities. The management is optimistic about the long-term development prospects of the company's L4 unmanned logistics vehicle business and believes that the current stock price has not fully reflected the company's long-term investment value. Recently, MINIEYE has made frequent moves in the capital market. From the founding team and major shareholders voluntarily extending the lock-up period, initiating a maximum of 200 million yuan share buyback plan, cornerstone investor Horizon Kinetics adding to its holdings, to this time, senior executives collectively betting on the company's future development with "real money," forming a combination to boost the market and demonstrate intrinsic value. Industry insiders analyze that MINIEYE's series of actions during the lifting of restrictions period can effectively stabilize market expectations and shift investors' focus from short-term pressures to the company's long-term business fundamentals.