INNOSCIENCE's stock price plummeted 5.01% during intraday trading on Tuesday, reflecting significant downward pressure on the shares.

The sharp decline was primarily driven by persistent selling pressure following the company's recent completion of approximately 374 million domestic unlisted shares converting into H-shares. Early-stage private equity shareholders who hold positions at significantly lower cost bases retain substantial unrealized gains, fueling market concerns over potential phased disposals. Recent HKEX disclosure data shows multiple reduction records by company directors and institutional shareholders, further intensifying sell-off expectations.

Additionally, approximately 12.59 million cornerstone shares held by STMicroelectronics are scheduled for lock-up expiry on June 29, with this approaching unlock date compounding cautious market sentiment and contributing to the stock's weakness.