On May 13, as of the midday close, Riying Holdings plummeted 56% to HK$0.11 per share. The total market value at noon was HK$88 million. According to the news, recently, several media outlets reported that the private equity firm Ruidafeng “ran away.” According to reports, at present, the private equity product is no longer redeemable, the company's actual controller is out of touch, and some investors have reported the crime. The reporter learned on May 13 that Li Min, chairman of Riying Holdings, the largest affiliate of Ruifengda Asset, which has recently received widespread attention, posted a “harvest theory” in his WeChat circle of friends a week ago, talking freely about “all types of investors will eventually be reaped.” A screenshot of the WeChat circle of friends provided to the reporter by Ruifengda Investors shows that Li Min, chairman of Riying Holdings, said in his circle of friends on May 5: “Remember: you must not be greedy, otherwise there must be a 'scythe' waiting to harvest you. The middle class is harvested by financial management, the rich are harvested by trusts, small institutions are harvested by big institutions, and big bosses are harvested by ambition. If you haven't been harvested, congratulations, you are the happiest person!”