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2431 Minieye Technology Co News Story

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HK-listed Minieye jumps on driverless logistics vehicle procurement deal

BUZZ-HK-listed Minieye jumps on driverless logistics vehicle procurement deal

** Shares of Minieye Technology 2431.HK jump 8.9% to HK$10.34, on track for the biggest one-day pct gain since June 5

** China-based intelligent driving and intelligent cabin solutions provider's shares on course to snap two straight falling sessions

** Minieye Technology enters into a driverless logistics vehicle procurement and long term cooperation agreement with an independent thirdparty enterprise located in Wuxi City, a deal that further expands its market share, brand and industry influence

** The agreement includes procurement of 1,000 driverless logistics vehicles and supporting software systems from the group, covering models including the T5, T8 and other driverless logistics vehicle products launched during the cooperation period - Co

** YTD, stock down 26.9%, Hang Seng TECH Index .HSTECH down 15.4%


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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