HK Stock Market Move | WANGUO GOLD GP(03939) rose more than 8% in early trading. Zijin Mining Group founder Chen Jinghe was appointed as the company's chief advisor.

WANGUO GOLD GP (03939) surged over 8% in early trading, as of the time of writing, it rose by 5.06% to 13.08 Hong Kong dollars, with a trading volume of 7.33 billion Hong Kong dollars. On the news front, WANGUO GOLD GP announced that Mr. Chen Jinghe will be appointed as the company's chief advisor, effective from February 2, 2026. In addition, the company has established a strategic development committee to provide advice on the development strategy of the group's existing businesses and future potential projects. Public information shows that Chen Jinghe is the founder and former chairman of Zijin Mining Group. It is worth noting that in October 2024, Wanguo Gold completed the sale of 166 million shares to Zijin Mining Group's wholly-owned subsidiary Jinshan (Hong Kong) International Mining; in May of this year, the company's subsidiary Shandong Jinling Mining and Zijin Mining signed a beneficiation technology service contract, as well as a feasibility study contract with Zijin Engineering for expansion. Global Wealth Prosperity issued a research report stating that the cooperation with Zijin Mining Group not only provides funding to accelerate the development of the group's Gold Ridge project in the Solomon Islands, but also facilitates experience sharing and provides support in overseas mining technology and mine operations.