🔴 GIGADEVICE is trading 15% down today as cornerstone lock-up expiry triggers sell-off

GIGADEVICE is trading 15% down at HK$629.00 after the expiry of cornerstone investor lock-up restrictions triggered a wave of selling.

• Approximately 14.39 million cornerstone H-shares became freely tradable around July 13, 2026, leading to significant profit-taking and increased market supply.
• The downward pressure is exacerbated by a broader sell-off in the semiconductor sector driven by geopolitical tensions and a global technology pullback.