UISEE TECH (01511.HK): Chairman Buys 12,000 H Shares, Stake at 24.69%

NewTimeSpace News: On 12 October 2026, UISEE Technologies (Beijing) Co., Ltd. (stock code: 01511) announced that the Board was informed by Mr. Wu Gansha, chairman and executive director, that he acquired a total of 12,000 H shares using his own funds on the open market of the Stock Exchange on that day. Immediately after the increase, Mr. Wu's total interest in H shares of the Company increased to 31,292,590 shares, representing approximately 24.69% of the total issued H shares of the Company.

The Company considers that the increase reflects Mr. Wu's confidence in the Group's business development, strategic direction and long-term prospects. The Group focuses on full-scenario L4 autonomous driving and has established a leading market position in airport and industrial park scenarios, and continues to expand into ports, cities, mines, farms and open roads; with growing overseas revenue, its overseas market development has achieved breakthroughs and contributed a new growth curve.

The Board considers that the increase demonstrates that the core management's interests are aligned with those of shareholders, reflects Mr. Wu's recognition of and support for the Group's continuous technological innovation and commercialisation, and helps enhance investor confidence and safeguard the value of the Company and the overall interests of its shareholders.