On August 10, GIGADEVICE fell 3.03% in regular trading, trading at HK$511.5/share, with turnover of HK$468 million. The decline came as the semiconductor sector faced broad selling pressure while controversy over the company's shareholder actions continued to weigh on sentiment.

On the sector front, major semiconductor names traded lower, with SMIC down 0.9%, Hua Hong Grace down 1.63%, and Montage Technology down 2.08%. The broad weakness reflected lingering concerns following recent volatility in global memory stocks triggered by disappointing forward guidance from major U.S. storage chip makers.

Simultaneously, market debate persists over controlling shareholder Zhu Yiming's pattern of reducing holdings by approximately RMB 4.4 billion before proposing a RMB 1-2 billion share buyback for cancellation. Analysts noted that while technically compliant, the sequence highlights potential regulatory loopholes where buyback mechanisms may serve as a buffer for capital maneuvers. Additionally, with the board set to review interim results on August 18 and the semi-annual report due August 19, pre-earnings caution has intensified wait-and-see sentiment among investors.

(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.)