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Deep Tide TechFlow update: On July 27, according to public information and related disclosure documents, Kong Jianping indirectly holds about 18.98 million shares of Changxin Technology through Yi Fang Changda Fund (subscribed capital of RMB 21.34 million). Based on the opening price of RMB 49.5 on the same day, this stake corresponds to a market value of about RMB 940 million, and the return is estimated to be about 44 times. Jack Kong also said that when he invested in Changxin in 2020, the company’s valuation was still below 20B yuan, and it has now exceeded 3 trillion yuan.