Meitu, Inc. (Meitu, Inc.) announced that it completed the acquisition of all issued share capital on March 27, 2024, making it an indirect wholly-owned subsidiary. The completion conditions for this acquisition have been met or waived, and the financial results of WebcoNet will be incorporated into the Group Financial Statements of Meteo Corporation. Pursuant to the previously announced purchase and sale agreement, the Sitcom Group will need to meet specific performance targets, including revenue targets, user activation metrics, key employee turnover limits and promotional campaign targets, to determine whether to pay a second cash price to the founder. The completion rate of this performance goal will affect the final payment amount. MTU Chairman Wu Ze Yuen confirmed in the announcement that the transaction was completed.

Meitu, Inc. (Meitu, Inc.) announced that it completed the acquisition of all issued share capital on March 27, 2024, making it an indirect wholly-owned subsidiary. The completion conditions for this acquisition have been met or waived, and the financial results of WebcoNet will be incorporated into the Group Financial Statements of Meteo Corporation. Pursuant to the previously announced purchase and sale agreement, the Sitcom Group will need to meet specific performance targets, including revenue targets, user activation metrics, key employee turnover limits and promotional campaign targets, to determine whether to pay a second cash price to the founder. The completion rate of this performance goal will affect the final payment amount. MTU Chairman Wu Ze Yuen confirmed in the announcement that the transaction was completed.