On June 26, Huaqin Technology (03296.HK) declined 3.4% in regular trading, trading at approximately 65.15 HKD/share, with turnover of 17.95 million HKD. The stock weakened again after a brief two-day technical rebound on June 24-25, as profit-taking pressure continued following the GTC Taipei-driven 21% surge on June 1 that marked a post-listing high.

On the news front, multiple headwinds weighed on shares. The company's employee stock platforms (Hainan Qinyuan, Hainan Chuangjian, and Hainan Huaxiao) announced plans to reduce holdings by up to 4.1057 million shares, or no more than 0.27% of total share capital, between mid-July and mid-October. Additionally, the ex-rights effect from the June 18 bonus share issuance — distributing 4 shares per 10 existing shares — continued to exert technical pressure on the stock price.

Within the Technology Hardware, Storage and Peripherals sector, broad weakness persisted. Lenovo Group fell 5.67%, Legend Holdings dropped 4.43%, and Xiaomi declined 3.59%, creating sector-wide resonance that further dragged on the stock.

(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.)