Media Updates, page-23

"But not everyone is convinced. The head of a well-known fund manager, who is not a short seller of the stock, raised concerns around impacts of the new law on product registration and labelling requirements, while a2 executives were selling bundles of shares.

"The market is under the impression that all A2's infant formula product has Chinese registration and therefore is likely to be unaffected by the new rules, or will even benefit, as unregistered players get knocked out," he said.
"The reality is that A2's English label product doesn't have SAMR [State Administration for Market Regulation] registration, only the Chinese label product does. About 90 per cent of A2's infant formula sales are English label. It would seem to us that management would clearly understand the implications of the new e-commerce rules.
"Unless the Chinese government extends the grace period, their sales are going to fall off the cliff.""

Name the "head of the well known fund manager" , because this manager and the fund manager have no idea how the Chinese market work and the registration and compliance requirements.....

This shows why, with the increase in Insto holding, the SP has dropped, (other than JH selling which would have spooked retail holders), they just have no idea of the Chinese market and A2.

Also "who is not a short seller of the stock" ........yeah right......just loan shares to shorters and gather fees.