CMOC (03993) surged over 5% again, rising 5.34% to HK$17.16 at the time of writing, with trading volume reaching HK$647 million.

On the news front, media reports indicate that Democratic Republic of Congo President Félix Tshisekedi recently warned that the government will permanently ban companies that violate the new cobalt export quota system from exporting cobalt. London cobalt futures have cumulatively gained over 11% in the previous two trading days.

CMOC's core assets include the TFM copper mine and KFM copper mine in the Democratic Republic of Congo. According to company announcements, the company plans to achieve annual production of 800,000 to 1 million tons of copper metal and 90,000 to 100,000 tons of cobalt metal in the future.

Notably, on the evening of September 23, CMOC unveiled a significant equity incentive plan, proposing to establish an H-share restricted stock plan. Within the plan's validity period, the company intends to grant no more than 393 million H-shares to incentive recipients for equity compensation, with the upper limit representing approximately 10% of the total issued H-shares. Based on the closing price of HK$12.760 per share on that day, the total planned amount for this incentive reaches HK$5 billion, accounting for approximately 1.8% of the company's total H-share market capitalization. This represents one of the largest equity incentive plans in the Hong Kong stock market in recent years.