Duan Yongping Becomes Pop Mart's Second-Largest Shareholder with 5.69% Stake; Stock Rallies 8.98% on May 29

According to BlockBeats, on May 25, investor Duan Yongping purchased 9.8232 million shares of Pop Mart at approximately 150 HKD per share through H&H International Investment, acquiring a 5.69% stake worth over 117 billion HKD and becoming the company's second-largest shareholder. The stock rallied 8.98% on May 29, generating an estimated single-day paper gain of nearly 1 billion HKD for Duan.

On May 30, Duan expressed confidence in Pop Mart's overseas expansion, stating that "Pop Mart has stringent location requirements for its stores, and premium locations are highly competitive; store layout expansion will take considerable time, and the number of overseas outlets could grow substantially over the next 5-10 years."