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Jinyong Investment (01328.HK) further acquires 2 million shares of Meitu stock
Gelonghui April 2 | Jinyong Investment (01328.HK) announced that on April 2, 2026, the Company’s wholly-owned subsidiary Redwood further acquired 2M shares of Meitu through market transactions on the Stock Exchange at a total consideration of approximately HK$8.66 million (excluding transaction costs), which is approximately HK$4.33 per share of Meitu.
The Company noted that Meitu is an industry leader in AI beauty solutions and also a pioneer in subscription-based products based on AI-generated content technology. Therefore, the Company is optimistic about Meitu’s financial performance and future prospects, and believes that these acquisitions are consistent with the Group’s investment criteria and also in the overall interests of the Company and its shareholders. In addition, pursuant to the strategic cooperation agreement with Meitu, the Company expects to continue strengthening its relationship with Meitu through various means (including, but not limited to, direct investment).
In addition, pursuant to the strategic cooperation agreement with Meitu, the Company and Meitu have made substantial progress in the strategic cooperation intended under the strategic cooperation agreement with Meitu. The Company will publish a separate announcement in accordance with the Listing Rules at an appropriate time.