Minieye Technology Co., Ltd Announces Significant On-Market Share Repurchase

Key Highlights for Investors

• Share Repurchase Initiative: Minieye Technology Co., Ltd has announced a substantial on-market repurchase of its H shares, amounting to a cumulative total of 6,344,200 shares up to February 24, 2026.
• Financial Commitment: The total repurchase value stands at approximately HK\$99,801,332, reflecting an average purchase price of HK\$15.73 per H Share.
• Authorisation & Mandate: The repurchase is conducted under a general mandate approved at the annual general meeting (AGM) on May 23, 2025, allowing the Company to repurchase up to 31,036,950 shares (representing 10% of the total shares in issue as at the date of the AGM).
• Management Perspective: The Board considers that the current trading price of the H Shares does not reflect their intrinsic value or the Group’s underlying business prospects. The repurchase demonstrates management’s strong confidence in the Company’s long-term value and aims to enhance capital market value and deliver greater returns to shareholders.

Important Information for Shareholders

• Price Sensitivity: This share repurchase is a key corporate action that could positively affect the share price by reducing the number of shares in circulation, potentially increasing earnings per share and reinforcing investor confidence.
• Market Impact: The Company’s decision to repurchase shares is based on prevailing market conditions and its discretion. There is no guarantee regarding the timing, quantity, or price of future repurchases. Shareholders should be aware that further repurchases may occur up to the approved limit.
• Board Composition: As of the announcement date, the Board comprises a mix of executive, non-executive, and independent non-executive directors, including Dr. Liu Guoqing (Chairman, Executive Director and General Manager), which underscores the management’s commitment to the repurchase strategy.
• Caution to Investors: Shareholders and potential investors are advised to exercise caution when trading the Company’s securities, as future repurchases are subject to market conditions and the Company’s discretion.

Potential Impact on Share Value

The repurchase of H shares is a notable move that signals management’s confidence in the Company’s future growth and intrinsic value, which may have a positive impact on share price and investor sentiment. By reducing the number of shares outstanding, the repurchase could enhance shareholder value and improve key financial metrics.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult their financial advisors before making any investment decisions related to Minieye Technology Co., Ltd. The Company’s share repurchase program is subject to change based on market conditions and at the discretion of the Company. No assurance can be given as to the timing, quantity, or price of any future repurchase.

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