On August 5, the Hong Kong Stock Exchange disclosed information on changes in equity: Duan Yongping's Bubble Mart long position through H&H International Investment fell from 7.65% to 5.55% on July 30, a decrease of 2.1 percentage points. The subtlety of this information is the point in time — on July 23, Duan Yongping just responded to investors on the platform: “I just started buying Bubble Mart! I'm guessing it probably won't be sold within 10 years.” However, after just one week, Duan Yongping's position was reduced by more than 2 percentage points. Bubble Mart told reporters that the current decline in shareholding ratio is not a direct sale and reduction in the secondary market, but rather the execution of an options contract and delivery of the corresponding shares according to the transaction agreement. A capital market analyst further explained that Duan Yongping's current shareholding changes are closely related to the price range he previously set when selling Put and Call. “Mainly, the price range setting is relatively narrow. It is a short-term trading act; it is not an active reduction in holdings at the level of public understanding.” This points to Duan Yongping's iconic “option rental” strategy, where he sells options to earn royalties while holding the original stock. When the stock price hits the exercise price, the stock is passively delivered or received. Judging from the recent trend of Bubble Mart, volume surged by more than 6% on July 16; it once reached HK$172.4 during the session on July 30, and the stock price fluctuated and declined thereafter. It closed at HK$161.4 on August 5, falling short of its all-time high of HK$337.08. The total market capitalization was about HK$214.9 billion, a rolling price-earnings ratio of 15.2 times. The market reaction was relatively lackluster.

On August 5, the Hong Kong Stock Exchange disclosed information on changes in equity: Duan Yongping's Bubble Mart long position through H&H International Investment fell from 7.65% to 5.55% on July 30, a decrease of 2.1 percentage points. The subtlety of this information is the point in time — on July 23, Duan Yongping just responded to investors on the platform: “I just started buying Bubble Mart! I'm guessing it probably won't be sold within 10 years.” However, after just one week, Duan Yongping's position was reduced by more than 2 percentage points. Bubble Mart told reporters that the current decline in shareholding ratio is not a direct sale and reduction in the secondary market, but rather the execution of an options contract and delivery of the corresponding shares according to the transaction agreement. A capital market analyst further explained that Duan Yongping's current shareholding changes are closely related to the price range he previously set when selling Put and Call. “Mainly, the price range setting is relatively narrow. It is a short-term trading act; it is not an active reduction in holdings at the level of public understanding.” This points to Duan Yongping's iconic “option rental” strategy, where he sells options to earn royalties while holding the original stock. When the stock price hits the exercise price, the stock is passively delivered or received. Judging from the recent trend of Bubble Mart, volume surged by more than 6% on July 16; it once reached HK$172.4 during the session on July 30, and the stock price fluctuated and declined thereafter. It closed at HK$161.4 on August 5, falling short of its all-time high of HK$337.08. The total market capitalization was about HK$214.9 billion, a rolling price-earnings ratio of 15.2 times. The market reaction was relatively lackluster.