On May 28, InnoScience (02577.HK) fell 3.42% in regular trading, trading at 77.9 HKD/share, with trading volume of approximately 107 million HKD.

The decline is primarily attributed to continued selling pressure from the H-share full circulation unlock. The company previously received Hong Kong Stock Exchange approval for approximately 374 million H shares to be listed and traded. Early-stage private equity shareholders entered at a cost of around 22 HKD per share, retaining over 200% unrealized gains at current levels, driving financial investors to reduce holdings in batches. Additionally, the stock surged over 11% on May 27, leaving short-term profit-taking positions substantial and prompting investors to lock in gains.

Notably, the broader semiconductor sector outperformed on the same day, with SMIC rising 3.99% and Hua Hong Semiconductor gaining 4.92%, while InnoScience markedly underperformed the sector, highlighting that individual stock-level supply pressure remains the dominant factor suppressing price action.

(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.)