HK Stock Market Move | MINIEYE (02431) rose nearly 7% and signed a large-scale procurement cooperation agreement with an independent third-party company to further expand its market share.

MINIEYE (02431) rose by nearly 7%, as of the time of publication, it rose by 5.06%, priced at 9.97 Hong Kong dollars, with a transaction amount of 8.5664 million Hong Kong dollars. On the news front, on June 16, MINIEYE announced that the Group has recently signed a unmanned logistics vehicle procurement and long-term cooperation agreement with an independent third-party company located in Wuxi City (Cooperation Agreement). The successful conclusion of this cooperation signifies an important progress for the Group's unmanned logistics vehicle related business in terms of commercialization and market expansion. The signing of this procurement agreement for a thousand units represents the continued acceleration of the commercialization process of the Group's unmanned vehicle business, further expanding market share, enhancing brand influence, and strengthening the Group's market competitiveness and industry influence. According to the agreement, both parties will conduct the cooperation based on the principles of "equality, mutual benefit, and long-term stability". The agreement stipulates that during the effective period, the cooperating party and the third party assisted by the cooperating party will purchase a total of 1,000 unmanned logistics vehicles and supporting software systems from the Group. The vehicle models involved include T5, T8, and other unmanned logistics vehicle products that will be launched during the cooperation period. These purchased vehicles will mainly be used in scenarios such as urban distribution, supply and distribution in city and county-level administrative regions, and the "last mile" of logistics, covering various logistics areas such as fresh products, food, medicine, supermarkets, and building materials.