H&H International's Pop Mart Stake Drops 2.1% Due to Call Option Exercises

Richard Liu's H&H International saw its Pop Mart long position fall from 7.65% to 5.55% following call option exercises, delivering ~8.9M shares at HK$162.50.

Woofun AI reports that H&H International Investment, managed by Richard Liu, reduced its disclosed long position in PopMart International Group Limited from 7.65% to 5.55% as of July 30, 2026. This decline resulted from the exercise of sold call options rather than active market selling. Approximately 8,932,800 shares were delivered at a comprehensive settlement price of HK$162.50. Liu previously stated that "PopMart has just begun to buy, and it is highly unlikely to sell within 10 years," indicating the reduction reflects passive option mechanics rather than a strategic exit.