Denying the use of leveraged funds, the prominent investor "Xinduoduo" responded to the stock buyback controversy, stating that there is no risk of liquidation.

In the early morning of August 15th, renowned retail investor Liu Xin published a lengthy article on his WeChat public account "Yiwanxin," responding to concerns regarding his stake in Delong Holdings and related market issues. In the article, Liu Xin denied using leveraged funds to acquire shares, stating that his personal asset-liability ratio is below 10% and that his position in Delong Holdings consists entirely of cash purchases, posing no risk of margin call. He also revealed that his initial investment in Delong Holdings was for short-term trading, but after conducting research, he recognized its long-term value, so he transferred the stocks to a regular account and repaid the financing. However, in the previously disclosed equity change report, Liu Xin indicated that the stocks in his credit account were categorized as "RMB-financed shares." Notably, this category has no precedent in recent cases of individual shareholding increases. Journalists have interviewed several brokerages and investors, and interpretations vary. Some believe it indicates a leveraged purchase, while others interpret it as referring only to margin-traded stocks; there are also views suggesting it might refer to collateral purchased with self-owned funds in the credit account. Furthermore, the trading records submitted by Liu Xin to Delong Holdings underwent extensive revisions, with significant adjustments to the trading volumes in certain months of the regular account, but he did not explain the reasons for the revisions in his long article.