Meitu grants share awards to CEO Wu Zeyuan and employees

Meitu Inc. announced on October 1, 2025, the grant of 4,500,000 share awards to Wu Zeyuan, the chairman, executive director, and chief executive officer, under the 2024 CEO Incentive Plan. These awards represent approximately 0.099% of the total shares in issue and are scheduled to vest on October 1, 2026, without performance targets. This initiative aims to align Mr. Wu's interests with the group's and recognize his contributions.

In addition to the CEO's awards, the company granted an aggregate of 253,065 share awards to other employees on October 1, 2025. These awards, representing about 0.006% of total shares in issue, will vest equally on an annual basis over a 24-month period from the grant date, also without specific performance targets. The total grant size, including both the CEO and employee awards, is 4,753,065 share awards.

Each share award provides a conditional right to obtain one share at a nil purchase price upon vesting. The closing price of the shares on September 30, 2025, the trading day immediately preceding the grant date, was HK$9.27 per share. The grants are intended to attract and retain talent and are consistent with the company's remuneration policy. After these grants, 408,842,346 shares remain available for future grants under the Share Award Scheme.