Chairman Gao Mingqing of WANGUO GOLD GP(03939) "Strongly Supports with Real Gold and Silver"! Spends nearly 30 million in bold moves to increase holdings.

WANGUO GOLD GP (03939) announced that the company's founder, executive director, major shareholder and chairman of the board, Gao Mingqing, has purchased a total of 1.01 million shares of the company on the open market through his wholly-owned Jetson Investment Limited on November 4, 2025, at an average price of HK$29.3408 per share. After the purchase, Jetson holds 283 million shares of the company (Gao Mingqing is considered to have rights to these shares), representing approximately 25.57% of the total issued share capital. The board believes that the acquisition demonstrates Gao Mingqing's confidence in the company's prospects and growth potential, as well as his long-term commitment to the company. It is worth noting that this increase in holdings occurred against the backdrop of extreme optimism in the international gold market. Joni Teves, precious metals strategist at UBS Global Research, expects the price of gold to reach $4,200 per ounce next year. However, if gold prices receive policy support, in the most optimistic scenario, the price could reach up to $5,000. Driven by the dual positive factors of the chairman's increase in holdings and expectations of a favorable international gold price, the stock price of WANGUO GOLD GP (03939) performed strongly today (November 6), rising by 6% in intraday trading to close at HK$30.76. The latest market value has reached HK$34.031 billion. Market analysts believe that significant share acquisitions by major shareholders usually signal that the current stock price of the company may be undervalued, with potential for significant upside in the future.