Core Viewpoint - The stock of Shangshan Gold (01939) has seen a significant increase, rising over 9% towards the end of trading, with a current price of 7.25 HKD and a trading volume of 27.162 million HKD. The company has announced the establishment of a wholly-owned subsidiary, Shangshan Technology, which aims to expand its global footprint in gold-related businesses [1]. Group 1 - Shangshan Technology is focused on the globalization of gold smart terminals and expanding gold-related business operations [1]. - A trademark licensing agreement has been signed between Jinya Fu Group and Shangshan Technology, allowing the latter to obtain intellectual property rights for all countries and regions outside mainland China for an annual fee of 1 HKD [1]. - Jinya Fu Group's chairman, Huang Shikun, has become the actual controller of Tokyo Central Auction after acquiring a 66.83% stake through ESSA Financial [1]. Group 2 - Jinya Fu announced a new smart gold store cooperation model in April, introducing single-store cooperation and city partner plans, along with a series of collaboration policies [1]. - The company is leveraging technologies such as artificial intelligence, IoT, and big data to create a new gold recycling model that features self-ordering, automatic detection, and rapid payment [1].

Core Viewpoint - Tokyo Central Auction (01939) has seen a significant increase in stock price, rising nearly 9% and currently trading at 9.23 HKD with a transaction volume of 22.9962 million HKD, following the announcement of a name change and the establishment of a new subsidiary focused on gold-related business [1] Group 1: Company Developments - The company announced that its Chinese stock name will change from "Tokyo Central Auction" to "Shangshan Gold" effective from 9 AM on August 26 [1] - Tokyo Central Auction has established a wholly-owned subsidiary, Shangshan Technology, which aims to globalize its gold smart terminal business and expand its gold-related operations [1] Group 2: Ownership and Control - In May, ESSA FINANCIAL, controlled by Jin Yafu's chairman Huang Shikun, acquired Tokyo Central Auction, completing the takeover on June 20, resulting in ESSA holding a 66.83% stake and Huang Shikun becoming the actual controller of the company [1] Group 3: Business Strategy - Jin Yafu announced a new smart gold store cooperation model in April, introducing single-store cooperation and city partner plans, along with a series of cooperation policies [1] - The company is leveraging technologies such as artificial intelligence, IoT, and big data to create a new gold recycling model that features self-ordering, automatic detection, and rapid payment [1]