MEITU (01357) Principal shareholder Cai Wensheng recently reduced his holdings of 128 million shares in the company. Founder Wu Zeyuan will increase his holdings of the company's shares at an appropriate time after the end of the lock-up period.

MEITU (01357) announced that the Board of Directors was informed that a major shareholder of the company, Mr. Cai Wensheng, sold 128 million shares of the company through Longlink Capital Ltd from February 17 to February 21, 2025, representing approximately 2.81% of the total issued shares of the company. The Board of Directors was informed by the company's founder, Chairman, and CEO Mr. Wu Zeyuan (also known as Mr. Wu Xinhong) that he is confident about the future business prospects of the company and will further increase his stake in the company at an appropriate time after the company's annual performance announcement and the end of the lock-up period (after March 18, 2025). In addition, the Board of Directors noted that Mr. Wu Zeyuan has never sold any shares of the company before, and has increased his stake in the company several times since May 10, 2018, with the most recent increase on June 18, 2024.