On October 2, MEITU fell 5.37% in regular trading, trading at HKD 3.61/share with turnover of approximately HKD 31.59 million, extending the prior session's decline.

On the news front, major shareholder Cai Wensheng recently reduced his holdings by approximately 128 million shares, bringing his stake down to 9.95%. Concurrently, on October 1, the company granted a total of 8.12 million share awards under its incentive plans — 7 million shares to Chairman and CEO Wu Zeyuan under the CEO Incentive Plan, and approximately 1.12 million shares to other employees, representing roughly 0.15% and 0.02% of issued shares respectively. The overlap of a significant stake disposal by a major shareholder and management share awards intensified selling pressure.

Within the Interactive Media & Services sector, the broader group traded lower on the day. Among peers, TENCENT fell 2.23%, KUAISHOU-W fell 4.52%, BILIBILI-W fell 4.27%, BIDU-W fell 2.74%, and NEWBORNTOWN fell 3.50%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)