On February 25th, Meitu announced on the Hong Kong Stock Exchange that its major shareholder Cai Wensheng sold 128 million shares of the company between February 17th and February 21st, 2025, accounting for approximately 2.81% of the total issued shares of the company. The board of directors has been informed by the founder, chairman, and CEO of our company, Wu Zeyuan, that he has full confidence in the future business prospects of our company and will further increase his holdings in our company at an appropriate time after the release of our annual performance announcement and the end of the lock up period (i.e. after March 18, 2025).
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