Core Viewpoint - The management team of Youjia Innovation has collectively purchased 167,000 shares of the company's H-shares, reflecting their confidence in the company's recent achievements in the pre-installed business and L4 autonomous vehicle sector, as well as the belief that the current stock price does not fully reflect the company's long-term investment value [1] Group 1 - The management's share purchase is based on their recognition of the company's progress in core areas such as mid-to-high-end assisted driving and smart cockpit, as well as its self-developed platform technology and production capabilities [1] - Youjia Innovation has been active in the capital market, including extending the lock-up period for the founding team and major shareholders, initiating a share buyback plan of up to 200 million yuan, and receiving increased investment from cornerstone investors [1] - The collective investment by executives serves as a strong signal of confidence, aligning their personal interests with the company's long-term value [2] Group 2 - The stock price of Youjia Innovation has increased by over 26% since the lifting of the lock-up period, closing at 16.20 HKD, outperforming market expectations for similar companies [2] - Analysts have given positive ratings, with estimates suggesting a target price of 19.3 HKD, indicating a strong buy recommendation based on the anticipated scaling of the L4 business [2] - The company has made significant progress in international expansion, including a memorandum of understanding with India's Sterling Group and plans to deploy over 1,000 autonomous vehicles in Saudi Arabia [2] Group 3 - In a rational market environment, funds are likely to flow towards companies with clear growth logic, technological reserves, and profitability paths, making Youjia Innovation a potential high-quality investment [3] - The company has transitioned from the "storytelling" phase to a focus on orders, deliveries, and scale effects, enhancing its resilience against market cycles [3] - Youjia Innovation's solid business performance and strategic initiatives have provided a strong affirmation of its long-term value, encouraging investor confidence [3]

Core Viewpoint - The management team of Youjia Innovation (02431) has decided to purchase a total of 167,000 H-shares in the open market, reflecting their confidence in the company's recent achievements in the pre-installed business and L4 autonomous vehicle sector [1] Group 1: Management Actions - Senior management members, including Wen Qi, Zheng Wei, Cheng Zhui, Yang Yihong, and Luo Xiwen, have collectively increased their holdings in the company [1] - The management's decision to buy shares is based on their recognition of the company's progress in key areas such as mid-to-high-end assisted driving and smart cockpit technologies [1] Group 2: Future Outlook - The management team expresses strong confidence in the long-term development prospects of the company's L4 unmanned logistics vehicle business [1] - They believe that the current H-share price does not adequately reflect the company's long-term investment value, prompting their decision to increase their shareholdings [1]

格隆汇1月21日丨佑驾创新(02431.HK)公告，公司董事会近期获悉，公司高级管理层成员(i)闻奇；(ii)郑 伟；(iii)程追；(iv)杨一泓；及(v)罗希文(统称「相关管理层」)截至2026年1月21日以自有资金在公开市 场购买了总计167,000股公司H股(「增持」)。 ...

Core Viewpoint - The management team of Youjia Innovation (02431) has decided to purchase a total of 167,000 H-shares in the open market by January 21, 2026, indicating their confidence in the company's recent achievements in the pre-installed business and L4 autonomous vehicle sector [1] Group 1 - The management's decision to increase their holdings is based on their recognition of the company's progress in core areas such as mid-to-high-end driver assistance and smart cockpit technologies [1] - The management team expressed strong confidence in the company's self-developed platform technology and integrated R&D capabilities, as well as its leading mass production capacity [1] - The management believes that the current H-share price does not fully reflect the long-term investment value of the company, prompting their decision to increase their stake [1] Group 2 - The management team is optimistic about the long-term development prospects of the company's L4 unmanned logistics vehicle business [1]

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 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Minieye Technology Co., Ltd （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 （股份代號： 2431） 自願公告 管理層增持本公司H股 深圳佑駕創新科技股份有限公司 董 事 長、執 行 董 事 兼 總 經 理 劉國清博士 香 港，2026年1月21日 於 本 公 告 日 期，董 事 會 由：(i)執 行 董 事 劉 國 清 博 士、楊 廣 先 生、周 翔 先 生 及 王 啟 程 先 生；(ii)非 執 行 董 事 畢 壘 先 生 及 劉 怡 然 女 士；及(iii)獨立非執行董事項陽 博 士、譚 開 國 先 生 及 譚 明 奎 博 士 組 成。 本 公 司 董 事 會（「董事會」）近 期 獲 悉，本 公 司 高 級 管 理 層 成 員(i)聞 奇；(ii)鄭 偉； (iii)程 追；(iv)楊 一 ...

Market Overview - The Hong Kong stock market experienced fluctuations today, with all three major indices closing lower. The Hang Seng Index fell by 0.29% or 76.39 points to 26,487.51 points, with a total turnover of HKD 2,377.66 million. The Hang Seng China Enterprises Index decreased by 0.43% to 9,094.76 points, and the Hang Seng Tech Index dropped by 1.16% to 5,683.44 points [1] Blue Chip Performance - Pop Mart (09992) led the blue-chip stocks, rising by 9.07% to HKD 197.2, contributing 19.52 points to the Hang Seng Index. The company announced a share buyback of 1.4 million shares for HKD 2.51 million at prices between HKD 177.7 and HKD 181.2. Morgan Stanley noted that this buyback could attract more investors [2] - Other notable blue-chip performances included China Life (601628) (02628) up 4.31% to HKD 33.4, contributing 16.6 points, and China Resources Land (01109) up 3.71% to HKD 29.64, contributing 5.52 points. Conversely, WuXi AppTec (603259) (02359) fell by 4.13% to HKD 113.7, detracting 3.73 points, and SMIC (00981) dropped by 3.25% to HKD 74.5, detracting 18.11 points [2] Sector Highlights - The technology sector showed mixed results, with Baidu rising by 0.95% while Tencent fell over 1%. Gold stocks rebounded, with spot gold surpassing USD 4,700 for the first time, and consumer stocks gained traction due to favorable consumption policies. Notably, Pop Mart's buyback led to a price increase of over 10% [3] - Gold stocks saw a recovery, with Zijin Mining International (02259) up 5.47% to HKD 179.4, Chifeng Jilong Gold Mining (600988) (06693) up 3.6% to HKD 33.94, Shandong Gold Mining (600547) (01787) up 2.73% to HKD 43.7, and China National Gold International (600916) (02099) up 2.04% to HKD 195 [3] Real Estate Sector - The National Bureau of Statistics reported a 0.3% month-on-month decline in new residential sales prices in first-tier cities for December 2025, with the decline narrowing by 0.1 percentage points from the previous month. Shenwan Hongyuan believes that the real estate sector has undergone deep adjustments, and recent central government directives to stabilize the market may lead to positive policy changes [5] - The real estate sector showed positive performance, with China Overseas Land & Investment (00081) up 4.93% to HKD 2.13, and China Resources Land (01109) up 3.71% to HKD 29.64 [4][5] Insurance Sector - The insurance sector performed well, with China Pacific Insurance (00966) up 4.39% to HKD 23.8, China Life (02628) up 4.31% to HKD 33.4, and New China Life Insurance (601336) (01336) up 2.72% to HKD 62.35. Reports indicated that major insurance companies saw significant growth in premium income through bancassurance channels [4][5] Aviation Sector - The aviation sector continued its upward trend, with China Southern Airlines (600029) (01055) up 4.57% to HKD 6.18, China National Aviation (601111) (00753) up 3.91% to HKD 7.45, and Cathay Pacific (00293) up 1.63% to HKD 12.49. Analysts expect strong demand during the upcoming Spring Festival travel season, with improved ticket pricing and revenue management driving profitability [6] Notable Stock Movements - Youjia Innovation (02431) saw a significant increase of 7.21% to HKD 15.77 after signing a memorandum of understanding with India's Sterling Tools Ltd. to focus on the automotive market [7] - Nanshan Aluminum International (02610) reached a new high, rising 6.04% to HKD 71.95, as the company plans to initiate a 250,000-ton electrolytic aluminum project with an estimated investment of USD 436.6 million [8] - GigaDevice Semiconductor (603986) (03986) continued to rise by 5.52% to HKD 306, benefiting from a tight supply of memory chips [9] - Shanghai Petrochemical (600688) (00338) issued a profit warning, expecting a net loss of approximately RMB 1.289 billion to RMB 1.576 billion for the year ending December 31, 2025 [10]

Core Viewpoint - Youjia Innovation (02431) has signed a memorandum of understanding with India's leading automotive parts supplier, Sterling Tools Ltd, to focus on the smart automotive upgrade wave in the Indian market, marking a significant step in the company's overseas strategy and local exploration in India [1] Group 1: Company Developments - Youjia Innovation's stock rose by 4.15%, reaching HKD 15.32, with a trading volume of HKD 135 million [1] - The partnership with Sterling Group aims to collaborate on the localization of smart automotive solutions and parts production in India [1] Group 2: Industry Context - The Indian automotive industry is entering a critical safety upgrade phase, with regulations mandating that new models must be equipped with Advanced Driver Assistance Systems (ADAS) and Driver Fatigue and Attention Warning Systems (DDAWS) starting January 1, 2027 [1] - This regulatory change is expected to generate significant demand for smart driving and smart cockpit products, creating vast market opportunities for the collaboration between Youjia Innovation and Sterling Group [1]

Core Viewpoint - Youjia Innovation (02431) has signed a memorandum of understanding with Sterling Tools Ltd. to focus on the Indian automotive market, marking a significant step in the company's overseas strategy and local exploration in India [1] Group 1: Company Developments - Youjia Innovation's stock rose by 4.15%, reaching HKD 15.32, with a trading volume of HKD 135 million [1] - The partnership with Sterling Tools Ltd. aims to collaborate on smart automotive solutions and localized production of components in India [1] Group 2: Industry Context - The Indian automotive industry is entering a critical phase of safety upgrades, with regulations mandating that new models must include ADAS and DDAWS starting January 1, 2027 [1] - This regulatory change is expected to generate significant demand for smart driving and smart cockpit products, creating a vast market opportunity for the collaboration between Youjia Innovation and Sterling Tools Ltd. [1]

Core Viewpoint - The collaboration between Youjia Innovation and Sterling Tools Ltd. marks a significant step in the company's overseas strategy, focusing on the localization of smart driving solutions in the Indian automotive market [1][3]. Group 1: Partnership Details - Youjia Innovation has signed a memorandum of understanding with Sterling Tools Ltd., a leading automotive parts supplier in India, to enhance smart driving solutions and local production of components [1]. - The partnership aims to leverage both companies' strengths, combining Youjia Innovation's self-developed capabilities with Sterling's industry experience and local resources [1]. - The Indian regulations mandate that all new vehicle models must be equipped with ADAS and DDAWS features starting January 1, 2027, creating a sustained market demand for smart automotive components and solutions [1]. Group 2: Market and Financial Outlook - Youjia Innovation has gained positive attention from the capital market, with Ping An International initiating coverage and giving a "buy" rating with a target price of HKD 19.3, indicating significant potential upside [2]. - The company has a clear growth path in both smart driving and intelligent cockpit sectors, with ongoing iterations of its iSafety and iPilot solutions aligning with industry trends [2]. - The L4 autonomous driving solution, iRobo, has been successfully expanded into various scenarios, with the unmanned delivery vehicle "Xiaozhu" expected to achieve a delivery volume of 10,000 units in 2026, becoming a new revenue growth engine for the company [2]. Group 3: Strategic Implications - The collaboration with Sterling Group not only represents a key market expansion step but also showcases the comprehensive output of Youjia Innovation's technical strength, product system, and localization capabilities [3]. - This partnership is expected to accelerate the adoption and application of smart driving technology in India, opening up significant growth potential for Youjia Innovation [3]. - The "buy" rating from Ping An International reflects the recognition of the company's strategic layout, technological accumulation, and commercial prospects by professional institutions [3].

Core Viewpoint - The collaboration between Youjia Innovation and Sterling Tools Ltd. marks a significant step in the company's overseas strategy, focusing on the localization of smart driving solutions in the Indian automotive market [1][3]. Group 1: Partnership Details - Youjia Innovation has signed a memorandum of understanding with Sterling Tools Ltd., a leading automotive parts supplier in India, to enhance smart driving solutions and local production of components [1]. - The partnership aims to leverage both companies' strengths, combining Youjia Innovation's self-developed capabilities with Sterling's industry experience and local resources [1]. - The Indian regulatory framework mandates that all new vehicle models must be equipped with Advanced Driver Assistance Systems (ADAS) and Driver Drowsiness Alert and Warning Systems (DDAWS) starting January 1, 2027, creating a sustained market demand for smart automotive components [1]. Group 2: Market and Financial Outlook - Youjia Innovation has gained positive attention from the capital market, with Ping An International initiating coverage and assigning a "Buy" rating with a target price of HKD 19.3, indicating significant potential upside [2]. - The company has a clear growth path in both smart driving and intelligent cockpit sectors, with ongoing iterations of its iSafety and iPilot solutions aligning with industry trends [2]. - The L4 autonomous driving solution, iRobo, has been successfully expanded into various scenarios, particularly with the unmanned delivery vehicle "Xiao Zhu," which is expected to achieve a delivery volume of 10,000 units in 2026, becoming a new revenue growth engine for the company [2]. Group 3: Strategic Implications - The collaboration with Sterling Group not only represents a key market expansion step but also showcases the comprehensive output of Youjia Innovation's technical strength, product system, and localization capabilities [3]. - This partnership is expected to accelerate the adoption and application of smart driving technology in the Indian automotive industry, opening up significant growth potential for Youjia Innovation [3]. - The "Buy" rating from Ping An International validates the company's strategic layout, technological accumulation, and commercial prospects recognized by professional institutions [3].