GT GOLD (08299) surged more than 17% in late trading. As of the time of writing, the stock was up 15.79%, trading at HK$0.66, with a turnover of HK$128 million. The company's transfer to the main board is progressing steadily. On the evening of December 12, 2025, GT GOLD announced that it had submitted an updated application to the Stock Exchange, including all necessary documents and materials, regarding its main board listing. On the same day, the company stated that it had appointed Wang Dongsheng as Chief Advisor to oversee strategic planning, team building, and AI mining development, aiming to enhance resource integration, increase reserves and production capacity, and accelerate technological empowerment. It was noted that the "Simplified Transfer Mechanism" launched by the Hong Kong Exchanges and Clearing in 2024 has significantly optimized the review process, bringing GT GOLD's official main board listing date increasingly closer. For a consistently high-growth enterprise like GT GOLD, a successful transfer to the main board will be a critical leap in breaking through its valuation ceiling. At that time, the company is expected to attract more institutional capital (such as sovereign wealth funds and ETFs) with its strong fundamentals. This will allow GT GOLD's true intrinsic value to be fully reflected, driven by the dual logic of earnings growth and valuation re-rating. During this brief waiting period before the main board transfer, it may represent the final golden window for investors to participate in the "expectation gap dividend."