On May 22, Lao Pu Gold rose 3.24% in regular trading, trading at HK$510.0 per share, with trading volume of HK$273 million. The rally was driven by news that the company's controlling shareholder made a significant open-market purchase of shares.

According to a company announcement, controlling shareholder Xu Dongbo purchased approximately 335,700 H shares on May 20 using personal funds, totaling approximately HK$166 million, representing about 0.19% of the company's total issued shares. Following the purchase, controlling shareholders Xu Gaoming, Xu Dongbo, and Beijing Hongqiao Jinji Consulting Co., Ltd. collectively hold approximately 103 million shares, comprising 33.2 million unlisted shares and 69.49 million H shares, accounting for approximately 58.10% of total issued shares.

The stock had previously declined more than 35% from its January high. The substantial insider purchase amid weak market sentiment is widely viewed as a signal that the controlling shareholder considers the stock undervalued, reinforcing confidence in the company's long-term value.

(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.)