Meitu initiates large-scale repurchase: Two rounds totaling 32.52 million Hong Kong dollars to repurchase 5.274 million shares.

Meitu company announced that on February 20, they repurchased 2.057 million shares of stock at a price of 6.04 to 6.1 Hong Kong dollars per share, with a total repurchase amount of 12.50847 million Hong Kong dollars. This is the second stock repurchase by Meitu this month. On February 16, Meitu spent 20.0151 million Hong Kong dollars to repurchase 3.217 million shares at an average repurchase price of 6.222 Hong Kong dollars per share. Public information shows that this is also Meitu's first large-scale repurchase since 2020. As of now, they have repurchased a total of 5.274 million shares, with a total repurchase amount exceeding 32.52 million Hong Kong dollars. Analysts believe that this move demonstrates the company's strong confidence in its business prospects and long-term development.