XIZHI TECH-P's stock plummeted 7.83% during intraday trading on Tuesday, driven by the conclusion of its global offering's price stabilization period and continued selling pressure from the exercise of an over-allotment option.

According to market information, the price stabilization period for the company's shares ended recently, with the stabilization agent not conducting any buy or sell activities in the market to support the price during this period. This removal of a potential price support factor coincided with the full exercise of an over-allotment option involving approximately 2.0693 million H shares, increasing the supply of shares in the market.

The deteriorating supply-demand dynamics were further intensified by ongoing profit-taking from early investors, following the stock's significant surge after its initial public offering. These combined factors created substantial selling pressure, leading to the sharp decline in XIZHI TECH-P's share price during the trading session.