• Minieye Technology clarified that its proposed 50% acquisition of Tongtu Technology would accelerate commercialization of L4 autonomous driving in logistics.
• The buyer will appoint two of Tongtu's three directors, including its chairman, securing effective management control.
• Tongtu's logistics operations and vehicle platforms would support expansion into unmanned transportation capacity services rather than vehicle sales alone.
• Historical book value and financial performance do not adequately reflect Tongtu's commercial value, according to the buyer.
• Consideration Shares will be issued to a ZTO subsidiary subject to a six-month lockup.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Minieye Technology Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261104-12400449), on November 04, 2026, and is solely responsible for the information contained therein.