Core Viewpoint - The stock of Oriental Selection experienced a significant increase, rising over 10% after the company addressed rumors regarding its commission rates and management [1] Group 1: Company Response - Oriental Selection issued a statement clarifying that rumors about its management, specifically concerning Zhou Chenggang, are unfounded [1] - The company refuted claims that its commission rate exceeds 30%, stating that the actual average commission rate is below 20% [1] - In response to the spread of false information, the company has initiated legal actions and will pursue accountability for these unlawful activities [1] Group 2: Market Reaction - Following the clarification from the company, the stock price of Oriental Selection surged, with an increase of over 14% at one point [1] - The current trading status shows a sustained increase of more than 10% [1]

Core Viewpoint - Recent rumors regarding New Oriental Group CEO Zhou Chenggang allegedly misappropriating company interests through related-party transactions have led to regulatory investigations, which the company has firmly denied [2][5][7]. Group 1: Company Response - Oriental Selection issued a statement on August 19, refuting the rumors about Zhou Chenggang and clarifying that the claim regarding "Oriental Selection's commission rate exceeding 30% for a long time" is severely inaccurate, with the actual average commission rate being less than 20% [2]. - The company has initiated legal actions against those spreading false information and intends to pursue the matter thoroughly [2][7]. - New Oriental's founder, Yu Minhong, described the allegations as "completely false" in an exclusive response [5]. Group 2: Market Reaction - Following the rumors, Oriental Selection's stock price initially surged over 23% in early trading but later experienced a significant drop, closing down 20.89% by the end of the trading day on August 19, with the stock closing at HKD 34.32 [9].

Core Viewpoint - New Oriental Group and Dongfang Zhenxuan have issued statements denying rumors regarding CEO Zhou Chenggang's alleged misconduct, asserting that these claims are false and have initiated legal actions against the spreaders of misinformation [1][3][6]. Group 1: Company Response - New Oriental Group has stated that the rumors about CEO Zhou Chenggang being investigated for misappropriating company interests through related-party transactions are completely unfounded [1]. - The company has reserved the right to pursue legal action against those who maliciously spread false information, emphasizing the serious infringement on Zhou Chenggang's and New Oriental's legal rights [3]. Group 2: Financial Impact - Following the rumors, Dongfang Zhenxuan's stock price experienced a significant drop, closing at HKD 34.32, down 20.89%, after reaching a nearly two-year high of HKD 53.7 earlier in the day, which represented an increase of over 23.5% [6]. - The stock's trading volume was reported at 2.25 billion, with a turnover rate of 21.48% [7].