TechFlow news, on December 4, according to Cailian She, Meitu Company announced on the Hong Kong Stock Exchange that it began selling its purchased cryptocurrencies in the market starting November 2024. As of December 4, 2024, it has sold all of its held cryptocurrencies, totaling approximately 31,000 Ethereum and 940 Bitcoin, with total cash proceeds of about USD 100 million and USD 80 million respectively, generating a profit of approximately USD 79.63 million (equivalent to about CNY 571 million).
The Board intends to use approximately 80% of the net proceeds from the sale as a special dividend payment, while the remaining net proceeds will be used as general operating funds to expand the Group's subscription-based image and design product business.
