TOKYO CHUO (01939) surged nearly 9% again, and as of press time, the stock was up 6.09% to HK$9.23, with a trading volume of HK$22.9962 million.

On the news front, TOKYO CHUO announced that the Chinese stock name used for trading shares on the Stock Exchange will be changed from "Tokyo Chuo Auction" to "Shangshan Gold," effective from 9:00 AM on August 26th. Additionally, the company has completed the establishment of Hong Kong Shangshan Technology Limited, a wholly-owned subsidiary dedicated to the global deployment of gold intelligent terminals and expanding gold-related businesses.

According to public information, in May this year, ESSA FINANCIAL, controlled by Huang Shikun who is the chairman of Jinyafu, along with parties acting in concert, acquired the Hong Kong Main Board listed company TOKYO CHUO. After the completion of the tender offer on June 20th, ESSA's shareholding reached 66.83%, making Chairman Huang Shikun the actual controller of TOKYO CHUO.

It is reported that in April this year, Jinyafu announced the launch of its smart gold store cooperation model for the first time, introducing single-store cooperation and city partner programs, along with releasing a series of cooperation policies. According to the introduction, Jinyafu has created a new gold recycling model featuring self-service ordering, automatic detection, and rapid payment through the empowerment of artificial intelligence, Internet of Things, and big data technologies.