[Duan Yongping's Pop Mart holdings estimated to have unrealized losses of approximately HK$1.87 billion to HK$2.12 billion; actual cost remains unverified] According to BlockBeats, on October 27, based on Hong Kong Stock Exchange disclosures, Duan Yongping, through his investment entities, holds 106,716,000 shares of Pop Mart (09992.HK), representing 8.01% of the company's issued shares. Based on the share price of HK$132.50 on October 27, the market value of his holdings is approximately HK$14.14 billion. Regarding the cost of his holdings, Jiemian News, on October 26, cited market estimates suggesting that Duan Yongping's average cost per share is approximately HK$150; previously, Blue Whale News estimated his average cost to be approximately HK$152.32 per share. The unrealized losses based on the two cost methods are approximately HK$1.868 billion and HK$2.115 billion, respectively, representing unrealized loss ratios of approximately 11.67% and 13.01%. Specifically: - May 25: Purchased 9.8232 million shares at an average price of HK$150. - May 28: Purchased 4.66 million shares at an average price of HK$162.5. - July 6: Purchased 10.59 million shares at approximately HK$150 per share. - September 1: Added 1 million shares at an average price of HK$155. The first three large purchases totaled approximately 25.07 million shares, with an investment of approximately HK$3.816 billion and a weighted average price of approximately HK$152.4. It should be noted that the above figures are based on media estimates and do not represent Duan Yongping's actual disclosed investment gains and losses. Since part of his base holdings came from options trading, the complete cost of his holdings cannot be independently verified through publicly available information. Pop Mart (09992.HK) announced that its overall revenue (unaudited) for the third quarter of 2026 decreased by 45%-50% year-on-year compared to the third quarter of 2025; among which, revenue in China decreased by 25%-30% year-on-year, revenue in the Asia-Pacific region decreased by 65%-70% year-on-year, revenue in the Americas decreased by 70%-75% year-on-year, and revenue in Europe and other regions decreased by 50%-55% year-on-year. Revenue from offline channels in China decreased by 5%-10% year-on-year, and revenue from online channels decreased by 45%-50% year-on-year.