HK Stock Market Move | CSMALL (01815) rose more than 25% in the afternoon. The company plans to rename itself Everest Gold. Earlier, it announced a breakthrough in gold exploration in Shannan City, Tibet.

CSMALL (01815) rose by over 25% again, with a cumulative increase of over 500% for the year. As of the time of writing, it has risen by 22.89% to 1.02 Hong Kong dollars. It is worth noting that the controlling shareholder of CSMALL, CHI SILVER GP (00815), also rose by over 13% in the afternoon. On the news front, CSMALL announced that the Board of Directors intends to change the company's Chinese and English name from "CSMALL Group Limited" to "Zhu Feng Gold Group Limited". The proposed name change aims to showcase the group's long-term focus on gold-related businesses in China, as well as its exploration activities near Mount Everest in the Himalayas. In addition, CSMALL and CHI SILVER GP announced in January of this year that there has been a breakthrough in gold exploration in Shannan City, Tibet. Survey reports show that several gold mineralized zones and bodies have been discovered in the region, with estimated inferred ore reserves of about 2.1 million tons, gold metal content of about 5800 kilograms, and an average gold grade of about 2.77 grams per ton. Initial expectations suggest that the prospective gold metal content in the Shannan exploration area could reach about 20 to 25 tons, demonstrating the potential for a large-scale gold mine.