[Meitu | 2026 Interim Report Forecast | AI Productivity Apps ARR Approximately RMB 620 Million, +47.8% YoY]

English summary

1. As of June 2026, MAU reached 282 million, of which productivity app MAU hit a new high of 33 million, while lifestyle app MAU remained basically stable. 2. In terms of paying users, as of June 2026, paid subscription users steadily grew to 18.44 million, including 2.35 million paid subscribers for productivity apps (+29.8% YoY) and 16.09 million paid users for lifestyle apps (+18.8% YoY). 3. As of June 2026, AI productivity apps ARR was RMB 620 million (+47.8% YoY), of which Kaipai and Vmake ARR grew at rates more than double and triple their year-ago levels; MVLAND, as a new product, doubled its ARR within 3 months of launch. Users' total spending on AI compute points achieved a year-on-year growth rate of over 46% in both Q1 and Q2 2026, with Q2 accelerating further, indicating deepening user engagement with AI video creation workflows; ...