WANGUO GOLD GP (03939) founders and executive directors Gao Mingqing and Gao Jinzhu increase their holdings in the company.

date
03/09/2025
avatar
GMT Eight
Wanguo International Gold Group (03939) has announced that the company has received a resignation letter from its founder, executive director, CEO...
WANGUO GOLD GP (03939) announces that the company has received notification from the founder, executive director, CEO, major shareholder, and chairman of the board, Mr. Gao Mingqing (Mr. Gao), that through his wholly-owned entity Jie Sheng Investment Limited (Jie Sheng), he purchased a total of 300,000 shares of the company on the open market on August 26, 2025, at an average price of HK$29.7489 per share (Acquisition I). Following Acquisition I, on August 26, 2025, Jie Sheng held 259.4 million shares, with Mr. Gao considered to have an interest in these shares, representing approximately 23.93% of the company's issued share capital as of August 26, 2025. To clarify, after the completion of the sale of existing shares and subscription for new shares (sale and subscription of old and new shares) on September 3, 2025, Mr. Gao had an interest in 281.9 million shares, equivalent to approximately 25.48% of the company's issued share capital as of the date of this announcement. The board also learned that the company's founder, executive director, and major shareholder Ms. Gao Jinzhu (Ms. Gao) purchased a total of 420,000 shares on the open market on August 25, 2025, through her wholly-owned entity Da Feng Investment Limited (Da Feng), at an average price of HK$30.7359 per share (Acquisition II; together with Acquisition I referred to as "Acquisitions"). Ms. Gao, as the beneficial owner, held 2.077 million shares. Following Acquisition II, on August 25, 2025, Da Feng held 139 million shares, with Ms. Gao considered to have an interest in these shares. As of August 25, 2025, Ms. Gao held a stake in the company representing approximately 13.02% of the issued share capital. To clarify, after the completion of the sale of existing shares and subscription for new shares on September 3, 2025, Ms. Gao held a total of 141 million shares, representing approximately 12.75% of the company's issued share capital as of the date of this announcement. The board believes that Acquisitions I and II demonstrate the confidence of Mr. Gao and Ms. Gao in the company's prospects and growth potential, as well as their long-term commitment to the company.