Chalk Group Reports Loss of $5.615 Million, CEO Zhang Xiaolong Claimed to Earn $5.3 Million from Stock Trading in a Month

Chalk Group (02469.HK) released its interim earnings forecast, revealing an investment loss of approximately $8.3 million (about 56.15 million RMB) from the sale of several ETF products and listed securities between July 1 and July 7, 2026. As of the market close on July 24, Chalk still holds listed securities from three public companies, with a total value of about $8.5 million. The board stated that it will closely monitor the performance of the investment portfolio. Previously, CEO Zhang Xiaolong claimed during a lecture on June 3 that stock trading is the best employment direction and boasted about making 53 million RMB in one month using 80 million RMB in cash to enter the market. Due to a lukewarm response from students, Zhang lost his temper, insulted the students, and left the venue. Zhang has resigned from his positions as executive director, CEO, and chairman of the board. Today, Chalk's stock price plummeted nearly 17%, hitting a new low.

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