Group 1 - Hong Kong gold stocks experienced a collective rise, indicating positive market sentiment in the sector [1] - China Gold International (02099.HK) saw an increase of 4.89%, reaching HKD 143.6 [1] - Jinhai Resources (02489.HK) rose by 4.38%, trading at HKD 1.43 [1] - Lingbao Gold (03330.HK) increased by 4.29%, with a price of HKD 17.76 [1] - Chifeng Jilong Gold Mining (06693.HK) gained 2.45%, priced at HKD 30.98 [1] - Shandong Gold Mining (01787.HK) rose by 2.24%, reaching HKD 34.76 [1]

Group 1 - Gold stocks collectively surged, with notable increases in companies such as China Gold International (+4.89%), Zijin Mining (+4.38%), Lingbao Gold (+4.29%), Chifeng Jilong Gold (+2.45%), and Shandong Gold (+2.24%) [1] - On November 12, during the Asian trading session, international gold prices peaked at $4208.79 per ounce, recovering quickly after a brief pullback and breaking through the $4100 resistance level [1] - The market anticipates that upcoming economic data, delayed due to the government shutdown, will highlight the weakness of the U.S. economy, supporting expectations for a 25 basis point rate cut by the Federal Reserve in December [1] Group 2 - UBS analysts noted that there is a wait for clearer messages regarding the government shutdown and the release of U.S. data, with gold prices expected to stabilize temporarily before continuing to rise [2] - Citigroup's latest report predicts that in a bull market scenario, gold prices could reach $6000 by 2027, driven by a significant mismatch between global wealth and the small physical gold market [2] - The current surge in gold prices is primarily driven by U.S. investors rather than central banks, with ETF inflows contributing significantly to the global increase [2]

Core Viewpoint - The Hong Kong gold stocks experienced a collective surge in early trading, with significant gains observed in several companies, indicating a positive market sentiment towards gold mining stocks amid stable gold prices and potential end to the U.S. government shutdown [1] Group 1: Market Performance - Chinese Gold International led the gains with an increase of over 5%, followed by Lingbao Gold at 3.6%, and Tongguan Gold nearly at 3% [1] - Other notable performers included Zijin Mining up by 2.5%, Chifeng Jilong Gold at 2.38%, and both Shandong Gold and Zhaojin Mining rising by 2% [1] Group 2: Gold Price Trends - In the Asian early trading session, gold prices remained stable ahead of a potential resolution to the U.S. government shutdown [1] - The previous day saw New York futures gold rise over 2.1%, testing the $4200 mark, while silver increased by approximately 5.2% [1] Group 3: Industry Analysis - According to 22V Research, the recent rebound in gold prices is a positive sign for mining stocks, as these stocks serve as leveraged bets on metal prices [1] - There has been a shift in correlation, with gold and stocks showing a positive relationship recently, attributed to concerns over a weakening dollar and central banks' insatiable demand for precious metals [1]

Core Viewpoint - Lingbao Gold (03330.HK) announced the unexpected passing of its current company secretary and authorized representative, Mr. Xu Wenlong, on November 9, 2025, which may impact the company's operations and governance [1] Group 1: Company Performance - As of November 12, 2025, Lingbao Gold's stock closed at HKD 17.02, down 2.46%, with a trading volume of 3.8673 million shares and a turnover of HKD 65.9685 million [1] - The company has a market capitalization of HKD 19.292 billion, ranking 4th in the gold industry [1] Group 2: Analyst Ratings - The majority of investment banks have a "buy" rating for Lingbao Gold, with one bank issuing a recommendation in the last 90 days [1] - Minsheng Securities recently provided a "buy" rating for Lingbao Gold on September 17, 2025, while China Merchants Securities issued a "strong buy" rating on September 1, 2025 [1] Group 3: Key Financial Metrics - Lingbao Gold's Return on Equity (ROE) stands at 35.05%, significantly higher than the industry average of 18.53% [1] - The company's revenue is HKD 15.378 billion, compared to the industry average of HKD 55.935 billion [1] - Lingbao Gold's net profit margin is 8.6%, while the industry average is 11.17%, and its gross profit margin is 14.61%, compared to the industry average of 30.19% [1] - The company's debt ratio is 56.46%, slightly lower than the industry average of 57.07% [1]

Core Points - Lingbao Gold (03330.HK) announced the unexpected passing of its current company secretary, Xu Wenlong, on November 9, 2025 [1] - The board has resolved to appoint Zheng Zhichong as the new company secretary, authorized representative, and legal process agent, effective from November 12, 2025 [1]

Core Points - Lingbao Gold (03330) announced the unexpected passing of its current company secretary, Mr. Xu Wenlong, on November 9, 2025 [1] - The board has resolved to appoint Mr. Zheng Zhichong as the new company secretary, authorized representative, and legal process agent, effective from November 12, 2025 [1] Summary by Category - **Company Leadership Changes** - Mr. Xu Wenlong, the current company secretary and authorized representative, passed away unexpectedly [1] - Mr. Zheng Zhichong has been appointed to succeed Mr. Xu in his roles, effective November 12, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 新任公司秘書、授權代表及法律程序文件代理人的委任 董事會進一步宣布，決議委任鄭志聰先生（「鄭先生」）接替徐先生的職務，出任本公 司的公司秘書、授權代表及法律程序代理人，自2025年11月12日起生效。鄭先生自 2019年5月（即徐先生擔任公司秘書起）已開始擔任本公司公司秘書助理，一直協助 徐先生處理公司秘書事務，對本公司業務非常熟悉。 – 1 – 鄭先生的履歷詳情 Lingbao Gold Group Company Ltd. 靈寶黃金集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3330） 更換公司秘書、授權代表及法律程序文件代理人 靈寶黃金集團股份有限公司（「本公司」）董事「董事」會（「董事會」）謹此沉痛宣布，本 公司現任公司秘書、依據香港聯合交易所有限公司證券上市規則（「上市規則」）第 3.05條委任的授權代表（「授權代表」）及依《公司條例》（香港法例第622章）第16 ...

Core Viewpoint - The Hong Kong gold stocks experienced significant gains, driven by signs of economic weakness in the U.S. and rising gold prices in the international market [1] Group 1: Market Performance - On November 10, Hong Kong gold stocks saw notable increases, with Zhu Feng Gold rising by 5.5% and Tongguan Gold by approximately 5% [1] - Other companies such as Lingbao Gold, Chifeng Gold, Shandong Gold, and Zhaojin Mining also reported gains of nearly 4% [1] - The latest data shows that the price of gold reached $4,050 per ounce in the New York market, marking a daily increase of 1.01%, while spot gold rose to $4,040 per ounce, up 0.97% [1] Group 2: Central Bank Actions - The central bank's latest report indicated that as of the end of October, its gold reserves amounted to 74.09 million ounces, an increase of 30,000 ounces from the end of September, marking the 12th consecutive month of accumulation [1] Group 3: Future Outlook - According to a report from China International Capital Corporation (CICC), gold is expected to maintain its upward trend next year, with structural and cyclical opportunities likely to continue to resonate [1] - State Street has raised its most optimistic forecast for gold prices to between $4,100 and $4,500 per ounce [1]

Core Viewpoint - The Hong Kong gold stocks have generally risen, driven by signs of economic weakness in the U.S. and an increase in gold prices, with forecasts suggesting continued upward momentum for gold in the coming year [1] Group 1: Market Performance - Hong Kong gold stocks saw significant increases, with notable gains including: - Zhenfeng Gold up 5.5% - Tongguan Gold up approximately 5% - Lingbao Gold, Chifeng Gold, Shandong Gold, and Zhaojin Mining each up nearly 4% [1] - The latest prices and percentage changes for selected gold stocks are as follows: - Zhenfeng Gold (01815): 2.130, +5.45% - China Silver Group (00815): 0.650, +4.84% - Lingbao Gold (03330): 17.090, +3.89% [1] Group 2: Gold Price Movement - As of the Asian morning session, New York futures gold reached $4,050 per ounce, up 1.01%, while spot gold surpassed $4,040 per ounce, up 0.97% [1] - The People's Bank of China reported that as of the end of October, its gold reserves stood at 74.09 million ounces, an increase of 30,000 ounces from September, marking the 12th consecutive month of accumulation [1] Group 3: Future Outlook - According to a report from China International Capital Corporation (CICC), gold is expected to maintain its upward trend next year, with structural and cyclical opportunities likely to continue to resonate [1] - State Street has raised its most optimistic gold price forecast to between $4,100 and $4,500 per ounce [1]

Core Viewpoint - The Hong Kong stock market has seen a significant rise in the prices of non-ferrous metal stocks, indicating positive market sentiment in this sector [1] Group 1: Company Performance - Ganfeng Lithium (01772.HK) experienced a notable increase of 9.11% [1] - Tianqi Lithium (09696.HK) rose by 7.04% [1] - Shandong Gold (01787.HK) saw an increase of 2.87% [1] - Lingbao Gold (03330.HK) increased by 3.34% [1]