CEO Fan Zhen buys 40,000,000 shares at $0.02 for $720,000 in HAO as stock trades 99.6% below 52-week high
Fan Zhen, CEO & Chairman, purchased 40,000,000 shares at $0.02 on 2026-05-19, increasing his holdings from 690,800 shares to 40,690,800 shares. This transaction represents a 5790.4% increase in his position and a material capital deployment of $720,000. The purchase occurs at a moment when HAO trades at $0.01 current price, representing a 99.6% decline from the 52-week high of $2.31 and a 99.1% decline over both the 30-day and 90-day periods. The scale of this accumulation—40 million shares—combined with the extreme valuation discount relative to historical price levels warrants close examination of the circumstances, company trajectory, and the CEO's assessment of intrinsic value at such depressed levels.