XIZHI TECH-P (01879.HK) experienced a significant decline of 5.27% during Tuesday's intraday trading session, continuing its recent downward trend.

The stock's weakness is attributed to ongoing supply pressure from recently listed overallotment shares. The company's overall coordinator fully exercised the overallotment option involving approximately 2.069 million H shares, which were officially listed for trading earlier this month at a subscription price of 183.20 HKD per share.

As the world's first listed AI silicon photonics chip company, XIZHI TECH-P has faced consecutive declines following its strong debut, with the stock now retreating over 30% from its post-listing high. The combination of increased share supply and profit-taking from early investors holding substantial gains continues to weigh on the stock price.