According to Odaily, a filing with the Hong Kong Stock Exchange dated August 5 showed that well-known investor Duan Yongping's stake in Pop Mart declined to 5.55%. Duan responded online that evening with a short explanation: "It's just put expired, part was called away." That indicates the percentage drop was driven by options contracts that reached expiration and by the exercise of call options. In plain terms, a put expiration means the seller of the put no longer has the obligation to buy the shares, while being "called away" happens when the writer of a call must deliver shares to the option buyer. Duan's phrasing points to a mechanical outcome of option positions rather than an active decision to sell. The filing, dated August 5, serves as the formal record of the ownership change, and the stake now stands at 5.55%. The report does not include any further comment from Duan.
According to Odaily, a filing with the Hong Kong Stock Exchange dated August 5 showed that well-known investor Duan Yongping's stake in Pop Mart has dropped to 5.55%. Duan responded online that evening, saying the change was "just put expired, part was called away."
The explanation suggests that the stake decline stemmed from options contracts that had reached expiration and from call options that were exercised. The filing itself provides the official record of the move, while Duan's comment offers the only direct explanation he has given so far.
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