Sou Hu Cai Jing·2025-08-19 09:05Core Viewpoint - The stock price of Oriental Selection experienced significant volatility, initially surging over 23% before plummeting by 20.89% amid rumors of regulatory investigations involving CEO Zhou Chenggang [1][7]. Group 1: Stock Performance - Oriental Selection's stock saw a dramatic increase of over 23% in the morning session, followed by a sharp decline of 20.89% in the afternoon [1][7]. - The stock's performance reflects market sensitivity to rumors and potential regulatory scrutiny [1]. Group 2: Rumors and Responses - Reports emerged suggesting that CEO Zhou Chenggang might be involved in related party transactions under investigation by regulatory authorities, which Oriental Selection has categorically denied as rumors [1][3]. - The company’s investment relations director stated in a group chat that there is no truth to the rumors, emphasizing that they are in a quiet period regarding their annual report [1][3]. - Founder Yu Minhong also labeled the claims as completely false, and the company has initiated legal actions against the spread of such rumors [3]. Group 3: CEO Background - Zhou Chenggang, CEO of New Oriental Education Technology Group, has a diverse background, including roles as a teacher and journalist before joining New Oriental in 2000 [6]. - He has held various leadership positions within the company and was recognized in the Forbes China Best CEO list in 2024 [6].