MINIEYE has spent over HK$73 million to repurchase shares, showing confidence in long-term development.

On the evening of January 26, 2026, MINIEYE (02431) issued an announcement stating that, in accordance with the share repurchase authorization granted at the shareholder's annual general meeting on May 23, 2025, the company has initiated a plan to repurchase H shares not exceeding 200 million Hong Kong dollars. As of January 26, 2026, the company has repurchased a total of 4,621,000 H shares on the open market of The Stock Exchange of Hong Kong Limited, with a total amount of approximately 73,154,342 Hong Kong dollars. The board of directors explicitly stated that the current trading price of H shares does not fully reflect the company's intrinsic value and actual business prospects. This share repurchase is based on confidence in the long-term development of the company, and is beneficial for enhancing the group's capital market value and shareholder return capabilities, which is in line with the overall interests of the company and all shareholders. It is worth noting that the capital market's confidence in MINIEYE goes beyond the company's repurchase. As a cornerstone investor, Horizen Together Holding Ltd., a wholly-owned subsidiary of Horizon Siasun Robot & Automation, has previously purchased a total of 688,200 H shares in the open market based on years of cooperation, demonstrating its optimism about MINIEYE's future development prospects and ecological value. At the same time, the core shareholders of the company have voluntarily extended the lock-up period of their shares, and the chairman and executive team have also launched measures to increase their holdings, forming a combination punch of confidence transmission. While sending positive signals to the capital market, MINIEYE has achieved another major breakthrough in its business. On the evening of January 25, the company announced that it has received a designated notification for a project from a well-known car manufacturer, and will develop and provide a range of advanced intelligent driving products for various vehicle models for this customer in domestic and international markets. According to the cooperation plan, the total order amount for the project throughout its lifecycle exceeds 1.3 billion RMB, and is scheduled to officially start mass production in mid-2026. This landmark designation strongly validates the company's technical strength and product reliability, marking a significant breakthrough for the company in the field of intelligent driving in passenger vehicles, and a key step for the company's intelligent driving technology to enter the global market. In terms of globalization strategy, MINIEYE has also accelerated its successful advancement into the systemic and localized "Going Global 2.0" new stage. At the beginning of 2026, MINIEYE has made continuous moves in overseas markets: first, the company partnered with the leading Indian automotive parts giant Sterling Group to deepen cooperation in the deployment and localization of intelligent driving solutions, expanding into emerging markets. Subsequently, the company's L4 business also achieved overseas expansion, with plans to deploy thousands of unmanned vehicles in the Middle East, taking the lead in seizing the opportunity for intelligent logistics in the international market. From the confidence shown in this repurchase, to the solid foundation of performance growth with the 1.3 billion RMB order, to the opening of long-term growth space in India and the Middle East, the triple core benefits have formed a strong resonance. Leveraging its profound technological mass production accumulation and the dual-line Going Global advantage of L2 and L4, MINIEYE is deeply aligned with the two major industry trends of automotive intelligence and industrial globalization, and its long-term growth potential is worth looking forward to.