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september 30,recently, the three major financial regulatory agencies have successively released policy packages, igniting the long-dormant a-share market. as of the close of trading on september 27, a-share trading volume had exceeded the trillion mark for three consecutive days, and the shanghai composite index had a weekly increase of 12.81%, the largest single-week increase in the past 16 years since november 2008.

however, the reporter noticed that just before the market was "joyed", cheng lei, the deputy general manager of "quanmao" oriental fortune, "accurately" reduced the company's shares before the stock price started.

on september 19, oriental fortune announced to the public that company executive cheng lei reduced his holdings of 1.2 million shares of the company through bidding transactions, with an average transaction price of 10.8 yuan per share, and the reduction reached 12.96 million yuan.

the announcement stated that cheng lei’s shareholding reduction did not violate relevant laws and regulations. this shareholding reduction was consistent with the previously disclosed shareholding reduction plan. this shareholding reduction will not have an impact on the company’s operations. as early as the announcement at the end of may, oriental fortune stated that cheng lei’s reduction in holdings was due to personal capital needs.

regrettably, within six trading days after cheng lei reduced his holdings, benefiting from the policy expansion, oriental fortune's stock price experienced a rapid rise. as of september 27, the company's stock price closed at 16.92 yuan per share, up 58.72% since the opening on the 20th. based on the closing price on the 27th, the market value of 1.2 million stocks has reached 20.304 million yuan.

in other words, cheng lei "missed" more than 7 million in excess returns in just 6 trading days. calculated based on the total pre-tax remuneration he received last year, which is 2.6184 million yuan, it is equivalent to the salary of nearly three years of work. it makes people lament that even "our own people" may not be able to grasp the rapid changes in the capital market.

of course, after reducing his holdings, cheng lei still holds 18.876 million shares of dongcai stock, with a market value of 320 million yuan. a loss of several million is not unacceptable.

according to oriental fortune's 2023 annual report, cheng lei was born in february 1977. he has a bachelor's degree in computer software from fudan university and a master's degree in software engineering from fudan university. he currently serves as deputy general manager and director of the r&d center of the company. oriental fortune was established in 2005, and his tenure started in 2007. it has been 17 years now, and he can be called a veteran of the company. the shares held by cheng lei come from the company's pre-ipo shares and shares obtained from the exercise of stock options (including shares obtained from equity distribution and transfer).