On June 10, Innoscience (02577.HK) declined 4.95% in regular trading, trading at 61.25 HKD/share, with trading volume of approximately 55.31 million HKD.

On the news front, the decline was primarily driven by sustained selling pressure following the company's completion of converting approximately 374 million domestically unlisted shares into H-shares for trading on the Hong Kong Exchange. Early-stage private equity shareholders hold positions at significantly lower cost bases and retain substantial unrealized gains, fueling market concerns over gradual stake reductions. HKEX disclosure data shows that institutional shareholders including China Merchants Bank International have recently executed multiple sell-down transactions, further intensifying bearish expectations.

Additionally, approximately 12.59 million cornerstone shares held by STMicroelectronics are set to be unlocked on June 29, with this approaching lockup expiry date adding to wait-and-see sentiment. At the industry level, the semiconductor sector remained under broad pressure, with HUA HONG SEMI down 0.5%, SMIC down 0.4%, and GIGADEVICE down 1.7%, as the individual stock's post-full-circulation liquidity impact resonated with sector-wide 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.)