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Minieye Technology Co., Ltd. Class H ( (HK:2431) ) has provided an announcement.
Minieye Technology Co., Ltd. has been executing an on-market share repurchase program under a general mandate approved by shareholders at its May 2025 annual general meeting. As of 24 February 2026, the company has repurchased 6,344,200 H shares for about HK$99.8 million at an average price of HK$15.73 per share, out of a maximum authorized capacity of 31,036,950 shares, or 10% of its issued share capital.
The board argues that the current H-share price undervalues the group’s intrinsic worth and business prospects, framing the buybacks as a signal of management’s strong confidence and a tool to enhance capital market value and shareholder returns. The company emphasizes that any further repurchases will remain at its sole discretion and subject to market conditions, and it cautions investors that the timing and scale of future buybacks are not assured.
More about Minieye Technology Co., Ltd. Class H
Minieye Technology Co., Ltd. is a Hong Kong-listed company incorporated in the People’s Republic of China, with its share capital including H shares traded on the Hong Kong Stock Exchange. The group operates through a board comprising executive, non-executive and independent non-executive directors, reflecting a standard listed-company governance structure and a focus on capital markets engagement.
Average Trading Volume: 9,697,720
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$5.68B
See more data about 2431 stock on TipRanks’ Stock Analysis page.