HOLLY FUTURES (03678.HK): Concert Party Suhao Hongye Plans to Sell Up to 4.4mn Shares

NewTimeSpace News: On 9 October 2026, Holly Futures (the "Company") published an overseas regulatory announcement reproducing its pre-disclosure announcement on the proposed reduction of shareholding by a concert party of the controlling shareholder, as published on the website of the Shenzhen Stock Exchange. As of the disclosure date, Suhao Hongye Co., Ltd., a concert party of the Company's controlling shareholder Jiangsu Suhao Holdings Group Co., Ltd., held 144,400,000 shares of the Company, representing 14.33%, with the shares sourced from holdings before the Company's initial public offering and listing.

The announcement disclosed that Suhao Hongye plans to reduce its shareholding through centralized bidding by up to 4,400,000 shares (approximately 0.4366% of total share capital) within three months after 15 trading days from the disclosure date (2 November 2026 to 30 January 2027). The reduction is due to the Company's operational management and asset structure adjustment needs, to further focus on its principal business; the price will be determined by the market price at the time of reduction. If the Company carries out bonus issues, capitalisation issues, rights issues or other equity changes during the reduction period, the number of shares and shareholding ratio will be adjusted accordingly.

The Company stated that Suhao Hongye has given undertakings in the Company's A-share IPO prospectus and listing announcement regarding share lock-up, shareholding and reduction intentions, and measures in case of non-performance; as of the announcement date it has strictly performed all such undertakings with no breach, and the proposed reduction is consistent with its previously disclosed shareholding and reduction intentions. Implementation of the reduction plan is subject to uncertainty, with Suhao Hongye to decide based on market and share price conditions and to implement only after approval by its shareholders' meeting; the reduction is a normal shareholder action that will not materially affect the Company's governance structure, shareholding structure or future operations, nor result in a change of control.

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