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According to the Hong Kong Stock Exchange, H&H International Investment, managed by Duan Yongping, held a long position in Bubble Mart International Group Limited from 7.65% to 5.55% on July 30, 2026. The reduction in holdings this time was due to the exercise of call selling rights. Duan Yongping surrendered his stocks at a comprehensive delivery price of approximately HKD 162.50, resulting in a net decrease of approximately 8.9328 million shares in physical holdings. Coupled with other changes in option positions, the disclosed total long position ratio decreased. Duan Yongping earned premium by selling call options, and this decrease in proportion was a passive reduction in holdings due to option delivery, rather than an active sell-off.