Meitu, Inc. (01357) clarifies rumors of founder share reduction; founder Wu Xinhong once again increases his shareholding by 1 million shares of the company.

Zhito Finance APP News: Meitu, Inc. (01357) has issued an announcement that the Company today noticed several online forum posts mentioning Mr. Wu Zeyuan (also known as Mr. Wu Xinhong), the founder, chairman, and chief executive officer of the Company (Mr. Wu), alleging that Mr. Wu has sold (or intends to sell) his shareholding in the Company (such rumors).