Group 1 - The company, WanGuo Gold Group (03939), announced a stock split on November 25, 2025, where each existing share with a par value of HKD 0.1 will be split into four shares with a par value of HKD 0.025 [2] - Following the stock split, the company will issue a total of 3.319 billion shares [2]

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，並明確表示概不就因本公告全部或任何部份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。 由於股份拆細已於 2025 年 11 月 25 日（星期二）起生效，以臨時交易單位（每手買賣單位 8,000 股 經拆細股份）進行交易的臨時櫃位已於 2025 年 11 月 25 日（星期二）上午九時正開放，並於 2026 年 1 月 2 日（星期五）下午四時十分關閉。該臨時櫃位的股份代號為「2979」。 使用股份代號「3939」進行現有（每手買賣單位 2,000 股股份）股份交易的原有櫃位，已於 2025 年 11 月 25 日（星期二）上午九時正起暫時關閉，並將於 2025 年 12 月 9 日（星期二）上午九時正重 新開放，届時將以新交易單位（每手買賣單位 500 股經拆細股份）進行交易。有關股份拆細的交易安 排詳情，請參閱該通函所載的預期時間表。 承董事會命 萬國黃金集團有限公司 主席 高明清 香港, 二零二五年十一月二十六日 Wanguo Gold Group Limited 萬國黃金集團有限公 ...

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies. Group 1: Increased Holdings - The companies with the largest increases in Hong Kong Stock Connect holdings include: - 大眾公用 (01635) with an increase of 1.25%, bringing the total holding to 70.66% [1][2] - 三花智控 (02050) with an increase of 0.87%, resulting in a holding of 20.55% [1][2] - 广和通 (00638) with an increase of 0.82%, leading to a holding of 3.18% [1][2] - In the last five trading days, 国富氢能 (02582) saw the largest increase of 7.76%, with a new holding of 16.69% [3] - Other notable increases include 龙蟠科技 (02465) at 3.80% and 长飞光纤光缆 (06869) at 2.71% [3] Group 2: Decreased Holdings - The companies with the largest decreases in Hong Kong Stock Connect holdings include: - 万国黄金集团 (03939) with a decrease of 8.53%, now holding 2.84% [1][2] - 恆生中国企业 (02828) with a decrease of 3.60%, resulting in a holding of 3.37% [1][2] - 盈富基金 (02800) with a decrease of 3.54%, leading to a holding of 3.55% [1][2] - In the last five trading days, 万国黄金集团 (03939) also experienced a significant decrease of 8.29% [3] - Other notable decreases include 丘鈦科技 (01478) at -2.27% and 康龙化成 (03759) at -2.18% [3]

Core Viewpoint - 万国黄金集团 (03939.HK) announced a stock split, converting each existing share with a par value of HKD 0.1 into four shares with a par value of HKD 0.025, resulting in the issuance of 3.319 billion shares [1] Company Summary - As of November 25, 2025, 万国黄金集团 closed at HKD 7.96, with no change from the previous trading day, and a trading volume of 0 shares [1] - The stock has received a "Collect" rating from one investment bank in the last 90 days, with a target average price of HKD 38.98 [1] - 中信证券 recently issued a "Buy" rating with a target price of HKD 40 [1] Market Position - 万国黄金集团 has a market capitalization of HKD 35.225 billion, ranking 8th in the industrial metals sector [1] - Key performance indicators include: - Return on Equity (ROE): 25.96%, significantly higher than the industry average of 7.95% [1] - Market capitalization in Hong Kong: HKD 35.225 billion, compared to the industry average of HKD 41.846 billion [1] - Revenue: HKD 2.188 billion, ranking 12th in the industry [1] - Net Profit Margin: 53.64%, leading the industry where the average is -2.61% [1] - Gross Profit Margin: 69.97%, second in the industry with an average of 22.89% [1] - Debt Ratio: 17.53%, the lowest in the industry compared to an average of 78.66% [1]

格隆汇11月25日丨万国黄金集团(03939.HK)发布公告，每股面值0.1港元的每1股现有股份(已发行及未发 行)拆细为4股每股面值0.025港元的经拆细股份，于2025年11月25日生效。 ...

Core Viewpoint - The company, WanGuo Gold Group, announced a stock split, converting each existing share with a par value of HKD 0.1 into four shares with a par value of HKD 0.025, resulting in the issuance of 3.319 billion shares [1] Group 1 - The stock split will take effect on November 25, 2025 [1] - The total number of shares issued post-split will be 3.319 billion [1]

FF305 公司名稱： 萬國黃金集團有限公司（於開曼群島註冊成立之有限公司） 呈交日期： 2025年11月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) 03939 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總 ...

每经AI快讯，万国黄金集团(03939.HK)涨超5%，截至发稿，涨4.62%，报31.7港元，成交额1.07亿港 元。 ...

Core Viewpoint - The recent announcement by WanGuo Gold Group regarding the significant increase in gold resources at the Jinling Gold Mine and the completion of the feasibility study for the mine's expansion has positively impacted the company's stock price and growth outlook [1] Company Summary - WanGuo Gold Group's stock rose over 5%, currently trading at 31.7 HKD with a transaction volume of 107 million HKD [1] - The strategic shareholder, Zijin Mining, has finalized a feasibility study for the Jinling Gold Mine's expansion project, confirming a plan to increase capacity to 10 million tons per year, enhancing project certainty [1] - The verified gold resource at the Jinling Mine has increased from 734 million ounces (equivalent to 228 tons) to 367 tons, representing a 61% increase [1] Industry Summary - According to First Shanghai's research report, the changing global macroeconomic environment and central bank purchases are driving gold prices into an upward trend [1] - The potential for increased production at the Jinling Mine is significant, with expectations of explosive profit growth as production capacity ramps up [1] - The overall profit for the company is projected to reach 1.2 billion HKD this year, with potential profits of 4.5 billion HKD once the Jinling Mine reaches full production, positioning the company as a rare quality gold mining enterprise in the Hong Kong stock market [1]

Core Viewpoint - The announcement from the WanGuo Gold Group regarding the significant increase in gold resources at the Jinling Gold Mine and the completion of the feasibility study for the mine's expansion has positively impacted the company's stock price, reflecting strong market confidence in its growth potential [1] Group 1: Company Developments - WanGuo Gold Group's stock rose over 5%, currently trading at 31.7 HKD with a transaction volume of 107 million HKD [1] - The strategic shareholder, Zijin Mining, has completed the feasibility study for the Jinling Gold Mine expansion project, confirming a plan to increase capacity to 10 million tons per year, which enhances the certainty of project advancement [1] - The verified gold resource at the Jinling Mine has increased from 734 million ounces (equivalent to 228 tons) to 367 tons, representing a 61% increase [1] Group 2: Market Outlook - According to previous research by First Shanghai, the changing global macroeconomic environment and central bank purchases are driving gold prices into an upward trend, indicating significant potential for increased production at the Jinling Mine [1] - As production capacity ramps up, both volume and price increases are expected to lead to explosive profit growth, with the company's overall profit projected to reach 1.2 billion HKD this year [1] - Once the Jinling Mine reaches full production, the company's total profit is anticipated to reach 4.5 billion HKD, positioning it as a rare high-quality gold mining enterprise in the Hong Kong stock market [1]