ZHAOJIN MINING (01818) rose more than 5% intraday, reaching HKD 30.8 at the time of writing, with a trading volume of HKD 249 million. The surge follows reports from the Yantai Municipal Government's press office announcing the discovery of China's only and Asia's largest undersea gold deposit in the northern waters of Sanshandao, Laizhou City. The city's cumulative proven gold reserves now exceed 3,900 tons, accounting for approximately 26% of the nation's total, ranking first in both gold reserves and production nationwide.

Additionally, Yantai's gold industry has undergone a pivotal restructuring recently. The Shanghai Municipal Market Regulation Bureau disclosed Shandong Zhaojin Group's acquisition of Shandong Jindu Guotou's equity. Upon completion, Zhaojin Group is expected to surpass China National Gold Group in revenue scale. Established in June 1992 in Zhaoyuan City, Yantai, Shandong, Zhaojin Group counts ZHAOJIN MINING as its core subsidiary.