On September 18, MEITU rose 5.11% in regular trading, trading at HKD 4.01/share with turnover of HKD 228 million, extending its recovery after a sharp prior selloff.

On the news front, the rebound was driven by a combination of founder stake increases and company share buybacks following a clarification of false selling rumors. MEITU's stock had previously plunged over 8% on unverified reports that Chairman Wu Zeyuan had sold or planned to sell his holdings. The company swiftly issued a voluntary announcement confirming Wu had never sold any shares and had no intention to do so. On September 15, Wu purchased 1 million shares on the open market at an average price of HKD 3.899 per share, raising his stake to 12.99%. He reiterated that the company's business fundamentals remain strong. On the same day, the company repurchased 5.1 million shares for approximately HKD 19.87 million at prices between HKD 3.805 and HKD 4.03. Additionally, multiple brokerages including Goldman Sachs and Citi maintain Buy ratings, citing robust AI productivity application growth and H1 adjusted net profit of RMB 650 million, up 39.5% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)