Meitu: Due to the rise in the price of cryptocurrencies held, it turned losses into profits in the first half of the year, and did not buy or sell cryptocurrencies after April 2021

Meitu released inside information and a positive profit report stating that by June 30, 2023, Meitu’s net profit in the first half of the year is expected to be between 220 million yuan and 265 million yuan. The main reason for the expected turnaround is that the market price of the purchased cryptocurrencies as of June 30 is higher than the market price on December 31, 2022, and the impairment loss of the purchased cryptocurrencies is reversed by about 185 million yuan . Since purchasing cryptocurrencies in March and April 2021, Meitu has not purchased or sold any cryptocurrencies under the cryptocurrency investment plan.