On June 11, Innoscience (02577.HK) fell 3.51% in regular trading, trading at 56.15 HKD/share, with trading volume of approximately 72.77 million HKD. The decline extends a multi-day selloff driven by supply-side pressure following the company's H-share full circulation.

The company recently completed conversion of approximately 374 million domestic unlisted shares into H-shares for trading on the Hong Kong Stock Exchange. Early-stage private equity shareholders hold positions at significantly lower cost bases with substantial unrealized gains, fueling market concerns over gradual liquidation. Hong Kong Exchange disclosure data shows that CMB International and other institutional shareholders have recorded multiple sell-downs in recent weeks, intensifying selling expectations. Additionally, approximately 12.59 million cornerstone shares held by STMicroelectronics are set to unlock on June 29, with the approaching expiry date weighing further on market sentiment.

At the sector level, semiconductors remained broadly under pressure, with SMIC up 0.35%, Hua Hong Semi down 0.95%, GigaDevice down 0.15%, Iluvatar CoreX up 2.12%, and Montage Tech up 0.64%, as individual stock liquidity shocks resonated with broader sector weakness.

(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.)