Core Viewpoint - Meitu Inc. announced the grant of a total of 4.5 million shares to CEO Wu Zeyuan under the 2024 CEO Incentive Plan, which represents approximately 0.099% of the total issued shares as of the announcement date, pending acceptance by Wu [1] Summary by Categories Share Awards - The share awards to Wu Zeyuan will vest on October 1, 2026, and do not have any performance targets attached [1] - Additionally, the board announced the grant of a total of 253,065 shares to certain other employees, which represents approximately 0.006% of the total issued shares as of the announcement date [1]

Core Viewpoint - Meitu Company (01357) announced the grant of a total of 4.5 million shares to Mr. Wu Zeyuan under the 2024 CEO Incentive Plan, representing approximately 0.099% of the total issued shares as of the announcement date, pending acceptance by Mr. Wu [1] Summary by Categories Share Awards - The share awards to Mr. Wu Zeyuan will vest on October 1, 2026, and do not have any performance targets attached [1] - Additionally, the board announced the grant of a total of 253,065 shares to certain other employees under the share award plan, representing approximately 0.006% of the total issued shares as of the announcement date, also pending acceptance by those employees [1]

Core Points - Meitu Company (01357) announced the grant of a total of 4.5 million shares to Mr. Wu Zeyuan under the 2024 CEO Incentive Plan, representing approximately 0.099% of the total issued shares as of the announcement date, pending acceptance by Mr. Wu [1] - The share award will vest on October 1, 2026, and does not have any performance targets attached [1] - Additionally, the board announced the grant of a total of 253,065 shares to certain other employees under the share award plan, representing approximately 0.006% of the total issued shares as of the announcement date, also pending acceptance by those employees [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承 擔任何責任。 Meitu, Inc. 美图公司 （於開曼群島註冊成立的有限公司，並以「美圖之家」名稱於香港經營業務） (股份代號:1357) 根據股份獎勵計劃授出股份獎勵 本公告乃由美图公司（「本公司」，連同其子公司及合併聯屬實體，統稱「本集團」）根據上市 規則17.06A發佈。 參考本公司於2024年10月1日發布的公告，根據該公告，董事會（包括獨立非執行董事）根據 未來3.5年擬授出給吳澤源先生（「吳先生」，董事長、執行董事兼首席執行官）的股份獎勵制 定了一項股份獎勵分配及歸屬計劃（「2024首席執行官激勵計劃」），而該激勵計劃與一般互聯 網公司的市場慣例做法一致。 董事會宣佈，於2025年10月1日，本公司根據2024首席執行官激勵計劃向吳先生授出合共 4,500,000股股份獎勵，即4,500,000股股份，佔截至本公告日期已發行股份總數（不包括庫 存股份，如有）約0.099%，惟須待吳先生接納。該等股份獎勵 ...

Core Insights - Meitu's design studio has integrated with Alibaba's QianNiu backend, providing AI visual generation services for Taobao and Tmall merchants [1] - The integration aims to address the long-standing pain points of e-commerce sellers regarding visual content production, which involves high costs and time consumption [1] - The core functionalities of Meitu's design studio include product image generation, photo editing, and poster design, catering to the full spectrum of e-commerce design needs [1] - This move is seen as a result of the strategic partnership established between Meitu and Alibaba in May 2023, with plans to introduce additional features like "AI model fitting" and "poster editor" in the future [1] Company and Industry Summary - The integration of AI capabilities into e-commerce platforms is expected to significantly reduce the costs associated with visual content creation for sellers [1] - Meitu's design studio targets a user base that overlaps significantly with Taobao and Tmall sellers, indicating a strategic alignment with major e-commerce players [1] - The introduction of AI tools in the e-commerce sector reflects a growing trend towards automation and efficiency in visual content production, which is crucial for online retail success [1]

Core Insights - Meitu's design studio has integrated with Alibaba's QianNiu backend to provide AI visual generation services for Taobao and Tmall merchants [1] - The strategic partnership between Meitu and Alibaba was established in May, focusing on e-commerce design tools [1] - The design studio offers a range of functionalities including product image generation, photo editing, and poster design, with plans to introduce additional features like "AI model fitting" and "poster editor" in the future [1]

Core Viewpoint - The AI concept stocks in the Hong Kong market showed a positive trend, with most stocks experiencing gains on September 30th [1] Group 1: Stock Performance - Huilyang Technology (01860.HK) increased by 4.47%, reaching HKD 19.88 [1] - Maifushi (02556.HK) rose by 4.33%, trading at HKD 51.35 [1] - Chuangxin Qizhi (02121.HK) saw a gain of 3.65%, priced at HKD 7.95 [1] - Fourth Paradigm (06682.HK) climbed by 3.15%, with a share price of HKD 65.5 [1] - Meitu Inc. (01357.HK) increased by 3.26%, now at HKD 9.16 [1]

Group 1 - AI concept stocks saw a majority increase in early trading, with notable gains from companies such as 汇量科技 (4.47% increase), 迈富时 (4.33% increase), and 创新奇智 (3.65% increase) [1] - DeepSeek announced a significant update to its services, reducing the cost of its API by over 50% due to a new model that lowers service costs [1] - The National Development and Reform Commission (NDRC) plans to support various enterprises, including private companies, to deeply engage in AI initiatives [1] Group 2 - Huatai Securities indicated that the reduction in model prices will attract more developers to create AI applications, potentially boosting demand for computing power and increasing the likelihood of Super Apps [2] - Zhongyin International believes that the commercialization inflection point for AI applications is approaching, driven by improvements in reasoning efficiency and cost-effectiveness of domestic chips [2] - The combination of advancements in model capabilities, data accumulation, and synthetic data technology is facilitating a shift from "single-point breakthroughs" to "systematic collaboration" in AI capabilities, paving the way for large-scale commercialization [2]

Group 1: Digital Cooperation and Development - The 2025 China-Africa Internet Development and Cooperation Forum was held in Xiamen, focusing on building a community of shared future in cyberspace and enhancing digital cooperation between China and Africa [2][5] - Fujian Province has leveraged the historical opportunity of China-Africa cooperation, emphasizing digital economy as a key area for collaboration, particularly in internet education and cybersecurity [2] - NetDragon, based in Fuzhou, has established deep partnerships with several African countries since acquiring Promethean in 2015, providing customized educational solutions [2] Group 2: Education Technology Initiatives - NetDragon has supplied thousands of interactive screens in Egypt and has made its Edmodo platform the designated online learning platform for K12 education in the country [2] - In Cameroon, NetDragon signed an agreement to promote the digital transformation of 250 schools, utilizing advanced educational technology [2] Group 3: Cybersecurity Efforts - Guotou Intelligent has focused on Africa's cybersecurity needs since 2014, establishing national-level electronic data forensics laboratories in 15 African countries and conducting training programs [3] - The company has built laboratories and exported equipment to countries like Egypt and Ethiopia, conducting 38 training sessions [3] Group 4: Growth in Trade and Economic Relations - Fujian Province's trade with Africa reached 68.65 billion yuan in the first eight months of the year, marking a 16% year-on-year increase, with Sub-Saharan Africa accounting for 87% of the trade volume [4] - Exports of electromechanical products from Fujian to Africa totaled 15.52 billion yuan, a 17.5% increase, with automotive exports showing significant growth of 280% [4] Group 5: AI and Digital Content Creation - Meitu has seen a 220% increase in monthly active users in Africa compared to the previous year, with creators in countries like Egypt, Kenya, and Morocco utilizing its AI imaging products [4] - The deepening internet cooperation is driving economic growth between Fujian and Africa, enhancing the visibility of African creativity on a global platform [4][5]

Core Insights - The rapid rise of Nano Banana, a product from Google, has led to the generation of over 200 million images globally within two weeks, with significant user engagement in the Asia-Pacific region [1] - Nano Banana has contributed to the growth of the Gemini App, adding over 10 million new users and surpassing ChatGPT in the Apple App Store rankings [1] - OpenAI has responded to the competition posed by Nano Banana by acquiring Statsig for approximately $1.1 billion in an all-stock deal, indicating a strategic move to enhance its product offerings [3] Industry Impact - The emergence of Nano Banana has prompted ByteDance to launch seedream 4.0 to strengthen its user base, while Meitu faces challenges as general models threaten its market position, leading to significant stock price volatility [5] - Analysts suggest that while Meitu's stock has been supported by foreign investment banks, the potential of general models like Nano Banana looms as a significant threat [5] - The debate continues on whether general models will replace niche AI applications, with some experts arguing that niche applications have a better understanding of user needs and specific market scenarios [5][19] Technological Advancements - Nano Banana has transformed image creation by allowing users to interact in a more conversational manner, eliminating the need for structured prompts [9][11] - The cost of using Nano Banana is approximately $0.039 per image, with a pricing model of $30 per million tokens, making it a cost-effective solution for image generation [11] - The technology behind Nano Banana includes advanced capabilities such as text rendering and world knowledge integration, which enhances its performance in generating images with deep semantic accuracy [12][9] Competitive Landscape - Meitu's strategy involves integrating new technologies like Nano Banana into its products while maintaining a focus on its core competencies in the beauty and aesthetics sector [14][19] - The partnership with Alibaba, involving a $250 million investment, aims to enhance e-commerce experiences through AI-driven solutions like "AI fitting" and "AI product image generation" [17] - The competition between large model companies and niche AI firms is intensifying, with the need for niche players to adapt and leverage large models to remain relevant in the market [22][25]