MINIEYE(02431) and neueHCT Limited jointly invest in establishing a company to seize the first-mover advantage in the global unmanned logistics vehicle market.

MINIEYE (02431) announced that the group has reached a cooperation intention with neueHCT Limited (together with its subsidiaries referred to as "neueHCT"). Both parties will jointly invest to establish a company, integrating the strengths and resources in technology, capital, and market from both sides. They will focus on the field of mobile Siasun Robot & Automation business, conducting in-depth cooperation to create a full-scenario mobile Siasun Robot & Automation product system covering "indoor - park - city - open road". This strategic partnership aims to extend delivery of Siasun Robot & Automation to multiple scenarios, with unmanned logistics vehicles as the strategic focus, and create an end-to-end solution from technology research and development, product production to global delivery. Both parties will initially explore the innovative path of unmanned logistics vehicles, accelerating the application of unmanned transportation solutions in specific scenarios. The details of the cooperation business and the operation of the joint venture company mentioned in this announcement will ultimately be subject to the formal legal agreements signed by the parties and the relevant regulatory approvals. Currently, the global smart logistics industry is experiencing rapid development, with the maturity and implementation of autonomous driving technology driving the increasing demand for unmanned transportation. Various places have introduced policies for road testing and commercial pilot programs for unmanned vehicles. In terms of the market, the application of unmanned transportation in scenarios such as express delivery, cold chain, supermarkets, and industrial logistics is accelerating, making unmanned transportation an important solution to address labor shortages and improve delivery efficiency. The group and neueHCT plan to establish a company through joint investment to quickly integrate resources, seize technological innovation and market opportunities, and build advantages in unmanned transportation: - Focus on overseas market layout. Leveraging the global channels and compliance deployments of both parties to facilitate rapid entry of unmanned transportation into important overseas markets such as Europe, the Middle East, and Southeast Asia, reducing market development costs. By relying on the operational experience and product iteration capability of both parties, they aim to achieve "localized operations" to adapt to the scenario demands of different regions, accelerate the landing of overseas orders, seize the first-mover advantage in the global unmanned logistics vehicle market, and achieve strategic breakthroughs in global layout. - Deepen technical cooperation. Accelerate the technological iteration of Level 4 unmanned transportation through the operational data of Level 2 scene. Level 2 intelligent assisted driving technology not only has mature core algorithm capabilities such as full-scene perception, dynamic obstacle avoidance, and real-time path planning, but also accumulates a large amount of operational data for technology development and model training of unmanned transportation, shortening the research and development cycle, significantly reducing deployment and maintenance costs, and promoting the mass production of unmanned logistics vehicles. The joint investment in the mobile Siasun Robot & Automation business, especially in unmanned logistics vehicles, has significant strategic significance for the group to deepen its smart logistics business layout, expand its overseas market map, and accelerate the commercialization of technological achievements. It will help enhance the group's market competitiveness in the global intelligent driving and smart logistics field, in line with the group's long-term development strategy and the overall interests of shareholders.