Increase in holding again! Duan Yongping's stake in POP MART (09992) has risen to 6.04%, with a market value of nearly HK$14.5 billion.

According to the equity information disclosed by the Hong Kong Stock Exchange, on May 28th, renowned investor Duan Yongping continued to increase his holdings of POP MART (09992) through his controlled H&H International Investment, with the shareholding ratio increasing from 5.69% to 6.04%. Based on today's closing price of 179.3 Hong Kong dollars for POP MART and an estimated holding of nearly 81.03 million shares by Duan Yongping, the market value of his holdings is close to 14.5 billion Hong Kong dollars. It is worth noting that since May 28th, the stock price of POP MART has increased by over 16%. Earlier disclosures from the Hong Kong Stock Exchange showed that on May 25th, Duan Yongping made a partial takeover bid for POP MART (09992). Duan Yongping and H&H International Investment, LLC simultaneously increased their stakes in POP MART, with the combined shareholding ratio reaching 5.69%, triggering a mandatory disclosure requirement. On April 9th, Duan Yongping first hinted at his investment in POP MART on social media platform Snowball with a metaphor of "My POP MART insurance company is officially open". On May 7th, Duan Yongping announced on social media that he had exchanged all of his holdings in China Shenhua Energy for POP MART. Duan Yongping has previously stated that POP MART currently has several core advantages: first, the established user attention and brand influence; second, the resource barrier formed by the artist signing system; third, a global store network; fourth, the organizational capabilities established by Wang Ning and his team in production, logistics, and quality. In his opinion, the true value of POP MART lies not only in individual popular IP, but in the systematic commercial barriers that have gradually been established.