Movement Alert|Lingbao Gold Rises 5.46% in Regular Trading, Controlling Shareholder Stake Increase Plan Combined with Continuous Buybacks Signals Confidence

Market Focus06-26

On June 26, Lingbao Gold rose 5.46% in regular trading, trading at HKD 12.72/share, with turnover of HKD 226 million. The rebound was driven by controlling shareholder and non-executive director Wang Guanran's announcement on June 24 to acquire up to 16 million H shares over the next 12 months using personal funds in the open market.

Wang currently indirectly holds approximately 489 million H shares, representing about 35.50% of total issued shares. The company has also been conducting intensive share buybacks in recent weeks, with multiple repurchases totaling millions of HKD. Prior to this rebound, Lingbao Gold had suffered significant cumulative losses as the Fed's hawkish dot plot pushed the US dollar index above 100 and spot gold fell below USD 4,000, triggering broad selling across the gold sector. The controlling shareholder's stake increase plan combined with the company's sustained buyback program sent positive signals to the market, driving a technical rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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