Chalk Dust Discloses "$56 million Stock Market Loss", CEO Zhang Xiaolong Boasted Last Month about Making "$53 million" in a Month Trading Tech Stocks

July 28th. Hong Kong-listed company Chalk Group (02469.HK) released its interim results forecast, additionally disclosing that during the period from July 1st to 7th, 2026, the Group sold several ETF products and listed securities purchased through the open market, recording a total investment loss of approximately $8.3 million (about RMB 56.15 million). As of last Friday's close (July 24th), the Group still holds listed securities of three public companies in its investment portfolio at a total value of approximately $8.5 million, measured at fair value with fair value changes recognized in profit or loss. The Board of Directors stated that they will closely monitor the investment portfolio's performance.

It is worth noting that on June 3rd, CEO of China's civil service exam training leader Chalk Education, Zhang Xiaolong, was invited to give a career planning lecture at Renmin University of China. The original topic was about civil service exams, but he spontaneously changed it to "Career Planning in the AI Era." He strongly promoted stock trading as the best future employment direction, stating that it is best to trade in technology stocks, better to trade in US stocks, and the best to trade together as a family. He boasted that he had used $80 million in cash to enter the market last month and made a profit of $5.3 million in a month. Due to the students' lukewarm response, Zhang Xiaolong lost his temper, cursed at the students, and angrily left the venue. At the beginning of the month, Zhang Xiaolong had already resigned from his positions as executive director, CEO, and chairman of the board.

According to Bitget market data, Hong Kong's Chalk (02469.HK) plummeted nearly 17% today, hitting a new all-time low.