Meitu (01357) completed the issuance of US$250 million convertible bonds with a net raise of approximately US$249.6 million

According to the Zhitong Finance App, Meitu (01357) announced that all the prerequisites for the subscription agreement have been met, and delivery has been completed on December 31, 2025. After delivery, the Company issued convertible bonds with a principal amount of US$250 million to the subscribers in accordance with the terms of the subscription agreement.

On December 30, 2025, the Company and the Subscriber also entered into a business cooperation agreement, which includes a series of commercial cooperation arrangements relating to the business areas disclosed in the announcement. According to its terms, the parties will further enter into special agreements to implement certain areas of cooperation in detail, and the promised transaction amount previously disclosed will also be calculated from the date of the relevant special agreement.

As disclosed in the announcement, the Company intends to use the net proceeds (after deducting related expenses) of approximately US$249.6 million for general commercial purposes.