On July 2, Kingboard Holdings fell 13.15% in regular trading, trading at 106.4 HKD/share, with turnover of HK$1.13 billion. The decline was driven by sustained selling pressure from major shareholders.

According to the latest Hong Kong Stock Exchange data, Executive Director He Yansheng and Chairman Zhang Guorong reduced their combined holdings by approximately 2.188 million shares on June 26, involving approximately HK$282 million at HK$128.70 per share. Prior to this, Hallgain Management Limited, led by the Zhang Guorong family, sold approximately 67.38 million shares over three consecutive trading days from June 22 to 24, reducing its stake from 44.06% to 37.52% and cashing out approximately HK$8.944 billion. The intensive disposal has severely undermined market confidence, sending the stock sharply lower from recent highs.

Within the Electronic Components sector, the broader sector declined in tandem. Among individual stocks, KB Laminates down 13.82%, VGT down 12.76%, Lens down 5.65%, Sunny Optical down 0.9%, Lingyi iTech down 3.47%.

(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.)