Minieye Technology Co., Ltd. (02431) Announces Share Repurchase and Updated Share Capital

Bulletin Express01-27

Minieye Technology Co., Ltd. (02431) disclosed that on 27 January 2026, 390,200 H shares were repurchased on the Hong Kong Stock Exchange. Prior to the repurchase, there were 326,561,308 issued shares (excluding 4,621,000 treasury shares), totaling 331,182,308 shares. After the repurchase, the number of issued shares (excluding treasury shares) stood at 326,171,108, and treasury shares rose to 5,011,200, keeping the total at 331,182,308 shares.

The repurchase, representing approximately 0.1195% of the issued shares (excluding treasury shares) before the event, was executed at prices ranging between HKD 16.84 and HKD 17.19 per share, with an aggregate cost of HKD 6,690,946.00. The repurchase mandate was granted on 23 May 2025, authorizing the issuer to repurchase up to 31,036,950 shares. As of the report date, 5,011,200 shares have been repurchased under this mandate, which constitutes about 1.6146% of the number of issued shares (excluding treasury shares) as of the date the resolution was passed.

According to the announcement, the repurchased shares remain as treasury shares, and there is a 30-day moratorium period through 26 February 2026 during which the company may not issue new shares or sell or transfer treasury shares without obtaining the prior approval of the Hong Kong Stock Exchange.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment