BlockBeats news: On August 5, earlier today, the Hong Kong Stock Exchange disclosed that H&H International Investment, managed by Duan Yongping, reduced its long position in Pop Mart International Group Limited from 7.65% to 5.55% as of July 30, 2026.
According to the detailed announcement by the Hong Kong Exchange, this reduction stems from the exercise of sold call options. Duan Yongping holds underlying shares of POP MART through H&H International Investment and simultaneously sold call options to collect premiums. After certain calls expired and were exercised on July 30, Duan Yongping was obligated to deliver shares at the agreed price, resulting in a reduction of his physical holdings. The disclosed long position ratio decreased from 7.65% to 5.55%.
A portion of Duan Yongping’s call options expired and were exercised, resulting in the delivery of shares at an approximate settlement price of HK$162.50, reducing his net physical holdings by about 8.9328 million shares. Combined with the expiration or conversion of other option positions, this led to a decline in the disclosed total long position.
Duan Yongping personally uses selling options to enhance returns or build positions, having previously employed similar strategies on stocks like Apple. He previously stated publicly, "I've just started buying Pop Mart, and I likely won't sell within the next 10 years." The recent reduction in this position is primarily due to passive selling resulting from option settlements, not active selling in the market. The actual reduction in physical holdings is not as significant as the disclosed percentage suggests, as the reported long position includes the impact of derivative positions.