香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Minieye Technology Co., Ltd （股份代號： 2431） （於中華人民共和國註冊成立的股份有限公司） 深圳佑駕創新科技股份有限公司 完成根據一般授權配售H股 整體協調人及聯席配售代理 – 1 – 董 事 會 欣 然 宣 佈，配 售 協 議 所 載 的 所 有 條 件 已 獲 達 成，且 配 售 事 項 已 於2025 年12月2日 完 成。 根 據 配 售 協 議 的 條 款 及 條 件，配 售 代 理 已 按 配 售 價 每 股 配 售 股 份14.88港 元 向不少於六(6)名承配人成功配售合共14,012,800股 新H股，佔 緊 隨 配 售 事 項 完 成 後 經 配 發 及 發 行 配 售 股 份 擴 大 後 的 已 發 行 股 份 數 目（即420,759,200股 股 份，不 包 括 庫 存 股 份）的 約3. ...

呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02431 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 317,169,508 | RMB | | 1 RMB | | 317,169,508 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 317,169,508 | RMB | | 1 RMB | | 317,169,508 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Core Viewpoint - The management of Youjia Innovation demonstrates confidence in the company's long-term growth potential through recent share purchases, signaling positive future prospects for the business [1][3]. Business Performance - Youjia Innovation reported a 46.1% year-on-year revenue growth in the first half of 2025, with its L4 new business achieving significant breakthroughs, generating revenue of over 10 million yuan within six months [1]. - The company has successfully mass-produced for 42 automotive manufacturers, including major domestic brands such as SAIC, Changan, and Chery, showcasing strong industry penetration and commercialization capabilities [1]. - The iPilot4Plus advanced driver assistance system has been selected for two models from leading autonomous brands, and the intelligent cockpit solution has also been chosen by a globally recognized joint venture and luxury brand [1]. Growth Opportunities - The L4 autonomous vehicle business is opening a second growth curve for the company, as it is one of the few in China to operate in both "smart mobility + smart logistics" sectors and successfully implement L4 in multiple scenarios [2]. - The self-developed autonomous minibus is currently in regular operation in cities like Suzhou, Shanghai, Heilongjiang, and Hangzhou, and has recently won significant project bids, demonstrating excellent engineering adaptability [2]. - The new unmanned logistics vehicle, Xiaozhu, has formed strategic partnerships with industry leaders and has validated operations in the express delivery sector, with over 1,400 cooperative projects disclosed in the past month, indicating rapid growth [2]. Market Position and Future Outlook - The proactive share purchase by management amidst market concerns reflects a long-term positive outlook and a commitment to sharing risks and growth with shareholders [3]. - With the continuous expansion of passenger vehicle business and the scaling of L4 operations for unmanned minibuses and logistics vehicles, Youjia Innovation is poised for breakthroughs in the new industrial cycle, transitioning from traditional Tier 1 to higher OEM levels, which may lead to a revaluation of its long-term value [3].

Core Viewpoint - The management of Youjia Innovation demonstrates confidence in the company's long-term growth potential through recent share purchases, signaling positive future prospects for the business [1][3]. Group 1: Business Performance - Youjia Innovation reported a 46.1% year-on-year revenue growth in the first half of 2025, with its L4 new business achieving significant breakthroughs, generating revenue of over 10 million yuan within six months [1]. - The company has successfully mass-produced for 42 automotive manufacturers, including major domestic brands such as SAIC, Changan, and Chery, showcasing strong industry penetration and commercialization capabilities [1]. - The iPilot 4 Plus advanced driver assistance system has been selected for two models from leading autonomous brands, and the intelligent cockpit solution has also been adopted by a well-known global automotive joint venture and luxury brand [1]. Group 2: Growth Opportunities - The L4 autonomous vehicle business is opening a second growth curve for the company, as it is one of the few in China to operate in both "smart mobility + smart logistics" sectors and successfully implement L4 in multiple scenarios [2]. - The self-developed autonomous minibus is now operating regularly in cities like Suzhou, Shanghai, Heilongjiang, and Hangzhou, and has recently won significant contracts, demonstrating excellent engineering adaptability [2]. - The new unmanned logistics vehicle, Xiaozhu, has formed strategic partnerships with industry leaders and has validated operations in the express delivery sector, with over 1,400 cooperative projects disclosed in the past month, indicating rapid growth [2]. Group 3: Market Context - The proactive share purchase by Youjia Innovation's management reflects a long-term positive outlook amidst overall market corrections and short-term concerns in the tech sector, signaling a commitment to share risks and growth with shareholders [3]. - With the continuous expansion of passenger vehicle business and the scaling of L4 operations for unmanned minibuses and logistics vehicles, Youjia Innovation is expected to achieve breakthroughs in the new industrial cycle, transitioning from traditional Tier 1 suppliers to higher OEM levels [3].

Summary of Key Points Core Viewpoint - As of November 26, a total of 39 stocks reached their 52-week highs, with notable performances from Fire Rock Holdings (02975), Crocodile Garments (02977), and Aisuo Holdings (08585) showing significant increases in their high rates [1]. 52-Week Highs - Fire Rock Holdings (02975) achieved a closing price of 0.114 with a peak of 0.231, marking a high rate of 285.00% - Crocodile Garments (02977) closed at 0.085, reaching a high of 0.189, reflecting a high rate of 170.00% - Aisuo Holdings (08585) closed at 0.021, with a peak of 0.040, resulting in a high rate of 110.53% - Other notable stocks include: - Fulltech Electric Group Holdings (01750) with a high rate of 23.64% - Century United Holdings (01959) at 22.05% - Cassava Resources (00841) at 20.19% [1]. 52-Week Lows - The stock with the largest decline was Jia Jin Investment International (00310), which closed at 0.141, reaching a low of 0.137, resulting in a decline rate of -25.95% - Crown Central Properties (00193) closed at 0.168, with a low of 0.141, reflecting a decline rate of -18.02% - Lion Holdings (02562) had a closing price of 4.710, with a low of 4.680, showing a decline rate of -9.48% - Other significant declines include: - Huading Holdings (03398) at -7.14% - XL Two South Strategy - U (09799) at -5.96% [2].

Core Viewpoint - Youjia Innovation (佑驾创新) is issuing up to 14.01 million new H-shares at a discount to raise approximately HKD 204 million, primarily for the development of L4 autonomous logistics vehicles and upgrading of foundational research platforms [1][2] Group 1: Fundraising and Allocation - The company plans to issue new H-shares at HKD 14.88 each, representing a discount of about 9.98% from the closing price of HKD 16.53 on November 25 [1] - Approximately 70% of the raised funds will be allocated to the development of L4 autonomous logistics vehicles, including next-generation product R&D, operational platform upgrades, and sales network expansion [1] - The remaining 30% will be used for upgrading foundational research platforms, focusing on enhancing the efficiency of data closed-loop systems and supporting the development of multiple product lines for L4 autonomous vehicles [1] Group 2: Strategic Partnerships and Market Position - Recently, Youjia Innovation signed a strategic cooperation agreement with Xinjiao Automobile and Binghuo Di to jointly design, produce, and deliver 800 autonomous logistics vehicles that meet automotive standards [2] - This collaboration aims to leverage complementary advantages and create a new industry benchmark for smart logistics, validating Youjia Innovation's L4 technology and engineering capabilities [2] - The company’s self-developed Xiaozhu autonomous vehicle targets traditional logistics pain points with features such as multi-sensor fusion and a fully automotive-grade intelligent driving system, enabling stable operation in various scenarios [2] Group 3: Industry Trends and Future Outlook - The global logistics industry is accelerating its transition to smart solutions, with China's autonomous vehicle sector showing leading advantages [2] - Youjia Innovation aims to deepen collaboration with industry partners to expand the application boundaries of its technology and products, contributing to the construction of a safe, efficient, and intelligent future logistics system [2]

Core Viewpoint - The company, Youjia Innovation (02431.HK), plans to issue up to 14.01 million new H-shares, representing approximately 3.33% of the enlarged issued share capital after the placement, with the net proceeds expected to be around HKD 204 million, primarily for the development of L4 autonomous logistics vehicles and upgrading the foundational R&D platform [1][1][1] Summary by Relevant Categories Share Placement Details - The company has entered into a placement agreement with joint placement agents to issue up to 14.01 million new H-shares [1] - The placement price is set at HKD 14.88 per share, which is approximately 9.98% lower than the closing price of HKD 16.53 on November 25, 2025 [1][1] Financial Implications - The expected net proceeds from the placement, after deducting commissions and estimated expenses, are approximately HKD 204 million [1] - The funds raised will primarily be allocated towards the development of L4 autonomous logistics vehicles and the enhancement of the company's foundational R&D platform [1][1]

Core Insights - Shenzhen Youjia Innovation Technology Co., Ltd. is actively advancing in the unmanned logistics sector through strategic partnerships and capital financing initiatives [2][3] - The company has formed a strategic collaboration with Zhejiang Xinjiao Automobile Co., Ltd. and Zhejiang Biying Huodi Technology Service Co., Ltd. to develop 800 vehicle-grade unmanned logistics vehicles [2][3] - Youjia Innovation plans to raise approximately HKD 204 million through a new H-share placement, aimed at enhancing its L4 unmanned logistics vehicle business and upgrading its foundational R&D platform [2][4] Strategic Collaboration - The collaboration focuses on "strategic cooperation, complementary advantages, and win-win creation," targeting the R&D, manufacturing, and commercialization of unmanned logistics vehicles [2][3] - Youjia Innovation will handle the R&D upgrades for the complete vehicle and autonomous driving technology, as well as the development and maintenance of the vehicle management platform and operational software [2][3] - Xinjiao Automobile will produce core components such as hardware maintenance and chassis assembly according to Youjia Innovation's technical standards [2][3] - Biying Huodi will act as the sales and operations agent, responsible for vehicle sales, leasing, and after-sales support [2][3] Market Positioning - The goal is to achieve the mass deployment of 800 unmanned logistics vehicles that meet vehicle-grade standards across multiple scenarios, establishing a leading product and brand position in the industry [3] - Xinjiao Automobile is recognized as the first new energy commercial vehicle enterprise in Zhejiang with dual qualifications, possessing a complete production system and global operational experience [3] - Biying Huodi has a mature urban delivery network and intelligent operation and maintenance platform, which will effectively promote the large-scale application of autonomous driving technology in urban logistics [3] Capital Financing - The placement agreement involves issuing up to 14.01 million new H-shares at a price of HKD 14.88 per share, representing approximately 3.45% of the current issued shares [3] - The placement price reflects a discount of about 9.98% compared to the closing price of HKD 16.53 on November 25, and a discount of approximately 13.99% compared to the average closing price of HKD 17.30 over the last five trading days [3] - The raised funds will be allocated with approximately 70% for the development of L4 unmanned logistics vehicles and 30% for upgrading the foundational R&D platform [4]

Core Viewpoint - The company, Youjia Innovation (02431.HK), has announced a placement agreement to issue new H-shares at a price of HKD 14.88 per share, aiming to raise approximately HKD 208.5 million [1][2] Group 1: Placement Details - The company will issue up to 14.0128 million new H-shares, representing about 3.45% of the current issued shares and approximately 3.33% after the placement [1] - The placement is facilitated by joint placement agents including CITIC Securities, Guotai Junan International, and Softbank China, with a commitment to find at least six independent third-party subscribers [1] Group 2: Use of Proceeds - The total expected proceeds from the placement are approximately HKD 208.5 million, with a net amount of about HKD 204.4 million after expenses [2] - The company plans to allocate around 70% of the net proceeds for the development of its L4 autonomous logistics vehicle business, including next-generation product R&D, operational platform upgrades, and sales network expansion [2] - Approximately 30% of the net proceeds will be used for upgrading the foundational R&D platform, focusing on enhancing the efficiency of the data closed-loop system and empowering the development of multiple product lines for L4 autonomous vehicles [2]

Core Viewpoint - Youjia Innovation (02431) has announced a placement agreement to issue up to 14.0128 million new H-shares at a price of HKD 14.88 per share, representing a discount of approximately 9.98% from the closing price of HKD 16.53 on November 25, 2025. The net proceeds of approximately HKD 204.4 million will primarily be used for the development of the company's L4 autonomous logistics vehicles and the upgrade of its foundational R&D platform [1] Group 1 - The company plans to issue a maximum of 14.0128 million new H-shares [1] - The placement price is set at HKD 14.88 per share, reflecting a discount of about 9.98% from the previous closing price [1] - The expected net proceeds from the placement are approximately HKD 204.4 million [1] Group 2 - The funds raised will be primarily allocated to the development of L4 autonomous logistics vehicles [1] - The proceeds will also be used for upgrading the company's foundational R&D platform [1]