On June 23, Hua Qin Technology (03296) fell 4.36% in regular trading, trading at HK$72.3/share, with turnover of HK$36.45 million.

On the news front, the company disclosed on June 22 that three employee stock platforms — Hainan Qinyuan, Hainan Chuangjian, and Hainan Huaxiao — plan to reduce holdings by up to 4.1057 million shares (0.27% of total share capital) through centralized bidding and block trades between July 14 and October 13. This marks another reduction move less than a year after the previous large-scale cash-out by these platforms.

The stock has been under sustained selling pressure since surging over 21% on June 1 following the NVIDIA GTC Taipei conference. The subsequent ex-rights effect from the June 18 bonus share issuance (4 shares per 10 held) further weighed on the share price. Within the Technology Hardware sector, the broader decline added downward pressure, with Xiaomi falling 2.53%, Legend Holdings down 2.48%, and Lenovo Group declining 1.46%.

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