Chairman Gao Mingqing of Wanguo Gold Group (03939) is strong with “real money”! Spending nearly 30 million dollars to increase wealth

The Zhitong Finance App learned that Wanguo Gold Group (03939) announced that Gao Mingqing, the founder, executive director, major shareholder and chairman of the board of directors, purchased a total of 1.01 million shares of the company on the open market on November 4, 2025 through Jiesheng Investment Co., Ltd., which is wholly-owned by it. The average price was HK$29.3,408 per share. After the increase in holdings, Jiesheng held 283 million shares of the company (Gao Mingqing is considered to have an interest in such shares), which is equivalent to about 25.57% of the total issued share capital.

The board of directors believes that the acquisition shows 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 extremely optimistic signals from the international gold market. Joni Teves, a precious metals strategist at UBS Global Research, predicts that the price of gold will reach $4,200 per ounce next year. However, if the price of gold is supported by policy, in the most optimistic situation, the price of gold may reach as high as 5,000 US dollars.

Driven by the dual benefits of the Chairman's actions to increase holdings and optimistic expectations for international gold prices, the stock price of IWC (03939) showed strong performance today (November 6), surging 6% in the intraday period to close at HK$30.76. The latest market value reached HK$34.031 billion. Market analysts believe that the majority shareholders' actions to increase their holdings usually have strong signal significance, indicating that the company's stock price may currently be undervalued, and there is plenty of room for growth in the future.