On September 30, SD GOLD rose 3.35% in regular trading, trading at HK$19.1/share, with turnover of approximately HK$96.45 million. The rally was driven by the company's announcement on September 29 that Chairman Wang Chenglong proposed a share buyback plan using proprietary and raised funds.

According to the announcement, SD GOLD plans to repurchase A-shares via centralized bidding, with total buyback funds ranging from RMB 300 million to RMB 400 million. All repurchased shares will be cancelled to reduce the company's registered capital, sending a clear positive signal on market capitalization management. The buyback price ceiling is set at no more than 150% of the average trading price over the 30 trading days preceding the board's approval, with the repurchase to be completed within 12 months of shareholder meeting approval.

Notably, BlackRock recently increased its stake in SD GOLD H-shares by approximately 4.08 million shares on September 14, raising its long position to 6.22%. The broader gold sector showed a recovery trend, with Chifeng Gold up 3.06%, Zijin Gold International up 2.59%, and Zhaojin Mining up 1.49%.

(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.)