On July 2, Lingbao Gold rose 5.94% in regular trading, reaching HKD 13.12 with turnover of HKD 162 million, as the gold sector staged a broad rebound following the previous session's sharp selloff.

On the news front, the company previously announced that controlling shareholder Wang Guanran plans to acquire up to 16 million H shares over the next 12 months using personal funds through open market purchases. Wang currently indirectly holds approximately 489 million H shares, representing about 35.50% of total issued shares, signaling strong confidence in the company's long-term value and growth potential.

The rebound follows a steep decline on June 30 when gold stocks fell collectively amid Fed rate hike expectations, with Lingbao Gold dropping over 7% that session. Within the Gold sector, China Gold International rose 7.84%, Zijin Gold International gained 5.37%, Shandong Gold advanced 4.55%, Zhaojin Mining climbed 4.51%, and Zijin Mining added 2.63%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)