MEITU (01357): Pixocial completes Series A equity financing.

"MEITU (01357) has announced that all the preconditions for the equity financing of Pixocial have been met or waived (as applicable), and the delivery to all investors will occur on December 1, 2023. After the delivery, the company will continue to hold approximately 80.62% of Pixocial's shares (based on fully diluted basis). According to the share subscription agreement, prior to and on the delivery date, Pixocial has adopted the Pixocial Option Plan, under which approximately 7.6426 million common shares (calculated on a fully diluted and converted basis, representing approximately 6% of the issued and outstanding share capital of Pixocial) are to be reserved for issuance to several service providers. According to the share subscription agreement, on the delivery date, and in accordance with the terms of the Pixocial Option Plan, zero-cost Pixocial options will be granted to Wu Zeyuan and Song Mingyang, enabling them to purchase approximately 1.9107 million common shares (calculated on a fully diluted and converted basis, representing approximately 1.5% of the issued and outstanding share capital of Pixocial) at an exercise price of USD 0.00001 per ordinary share."