MEITU Founder and Chairman Boosts Stake with 1.6 Million Share Purchase

Stock News07-03

According to a company announcement, MEITU (HKEX: 01357) has disclosed that its founder, Chairman, and CEO, Mr. Wu Zeyuan (also known as Mr. Wu Xinhong), has increased his shareholding in the company.

The purchase involved 1.6 million shares acquired on the open market of The Stock Exchange of Hong Kong Limited on July 3, 2026, at an average price of HK$4.023 per share.

Mr. Wu stated that, considering the company's accelerating product innovation and its long-term growth potential, he does not rule out the possibility of further increasing his stake at appropriate times in the future.

Mr. Wu has never sold any of the company's shares and has made multiple purchases since May 10, 2018, demonstrating his sustained confidence in the firm.

Including this latest transaction, Mr. Wu has cumulatively purchased 5.58 million shares.

Following this acquisition, Mr. Wu's total interest in the company has increased from approximately 593 million shares to about 595 million shares, raising his proportional stake in the issued share capital from roughly 12.93% to approximately 12.97%.

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