Minieye Technology (2431) Announces On-Market Share Repurchase Progress

Bulletin Express01-27

Minieye Technology Co., Ltd (Stock Code: 2431) disclosed that as of January 27, 2026, a total of 5,011,200 H shares had been repurchased on the open market at an average price of approximately HK$15.93 per share, involving a cumulative amount close to HK$79,845,288. The repurchase takes place under the general mandate approved at the May 23, 2025 annual general meeting, with the Company permitted to acquire up to 31,036,950 shares (representing 10% of the total issued shares at the time).

Information from the announcement indicates the board views the current trading price of the H shares as not fully reflecting their intrinsic value and the Company’s business prospects. The stated purpose of the repurchase is to underline the management’s confidence in the Group’s long-term value, enhance its capital market standing, and further sharpen its ability to deliver returns for shareholders. Shareholders and potential investors are advised that the repurchases will depend on market conditions and that no assurance on timing, quantity, or price of shares repurchased can be provided.

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