Between June 10 and 13, Wang Xing, the CEO of Meituan, reduced his stake in Li Auto by 5.737 million shares, realizing a profit of over HK$600 million. This move decreased his ownership percentage to 20.61%. Li Auto has issued a statement clarifying that this transaction was a personal decision by Wang Xing and that it constituted a minuscule portion of his overall holdings, emphasizing that it did not involve any shareholdings of Meituan.