Youjiao Innovation (02431) spent about HK$45 million on the repurchase for 2 consecutive days

The Zhitong Finance App learned that on the evening of January 8, 2026, Youjiao Innovation (02431) issued an announcement. As of January 8, 2026, the company had purchased a total of 3,004,800 H shares in the market, with a total amount of about HK$44,878,604. The average price was about HK$14.94 per H share.

The board of directors of the company believes that the current transaction price of H shares does not reflect the intrinsic value of H shares and the actual business prospects of the Group. The board of directors believes that the share repurchase reflects management's firm confidence in the Group's long-term value and is conducive to enhancing the Group's capital market value and shareholder return capacity. This share repurchase is in the overall interests of the Company and its shareholders.

On January 7, Youjia Innovation repurchased 1,7454 million H shares. The total payment amount was HK$25.794 million. The repurchased shares accounted for 0.527% of the company's issued shares.

The repurchase of 1,259,400 H shares continued on January 8, with a total payment amount of HK$19.0792 million. The repurchased shares accounted for 0.3823% of the total number of H shares issued.

In strong response to the company's buyback, cornerstone investors are also moving to increase their holdings. On January 8, Youjiao Innovation announced that the cornerstone investor Horizon Together Holding Ltd., has recently purchased a total of 688,200 shares of the Company's H shares in the open market based on long-term optimism about the company's business.

According to reports, Horizon Together Holding Ltd. is a wholly-owned subsidiary of Horizon Robotics (09660). This increase in holdings stems from years of cooperation between the two parties — Horizon has long been optimistic about the future development prospects of Yuchao Innovation and recognizes its important value in the Horizon ecosystem; at the same time, the two sides also look forward to working together to accelerate the development process of the L4 unmanned logistics vehicle business through the two-way empowerment of technology and resources.

Whether the repurchase was implemented quickly or the cornerstone investors increased their holdings, they together formed an innovative “confidence endorsement” system, clearly conveying to the market the determination of the company's long-term value by management, core shareholders, and cornerstone investors.