Holly Futures Announces Expiry of Shareholding Reduction Plan by Key Shareholders

Holly Futures Co., Ltd. (Stock Code: 3678), a leading futures company incorporated in the People’s Republic of China and listed on the Hong Kong Stock Exchange, has announced the completion and expiry of a significant shareholding reduction plan undertaken by its controlling shareholder’s concerted parties. This development is likely to be of interest to existing and potential investors, as it could have implications for the company’s share price and ownership structure.

Key Highlights of the Announcement

• The shareholding reduction plan was initiated by SOHO Holly Corporation and Jiangsu SOHO High Hope Group Corporation, both acting in concert as parties related to the controlling shareholder, Jiangsu SOHO Holdings Group Co., Ltd.
• The plan was publicly disclosed in the company’s previous announcement dated 30 December 2025.
• The reduction of shares was conducted via centralized bidding on the stock exchange.
• The reduction period lasted from 26 January 2026 to 25 April 2026.

Details of the Shareholding Reduction

Post-Reduction Shareholding Structure

• After completion of the shareholding reduction plan, SOHO Holly Corporation now holds 144,400,000 A shares in Holly Futures, representing approximately 14.33% of the company’s total share capital.
• High Hope Group now holds 57,964,734 A shares, representing 5.75% of the company’s total share capital.

Implications for Shareholders

• Potential Price Sensitivity: The reduction of shares by key shareholders may be considered price-sensitive information. Large share sales by controlling or significant shareholders can sometimes signal their views on future price movement, or may lead to increased free float and liquidity.
• Ownership Structure: Despite the reduction, both SOHO Holly and High Hope Group remain significant shareholders with substantial holdings in Holly Futures.
• Market Impact: The relatively modest reduction percentages (0.35% by SOHO Holly and 0.0019% by High Hope Group) may not indicate a major change in control, but investors should remain vigilant for any further changes in shareholding or future plans involving these parties.

Board Composition

As of the announcement date, the Board of Directors comprises a mix of executive, non-executive, independent non-executive, and employee directors, ensuring diverse governance and oversight:

• Mr. Chu Kairong (Chairman and Executive Director)
• Mr. Zhao Weixiong (Executive Director)
• Mr. Xue Binghai and Ms. Jiang Haiying (Non-executive Directors)
• Mr. Lo Wah Wai, Mr. Zhang Hongfa, and Mr. Wang Yuwei (Independent Non-executive Directors)
• Mr. Chen Ke (Employee Director)

Conclusion

The expiry of the shareholding reduction plan by the concerted parties of Holly Futures’ controlling shareholder is a notable event. While the percentage of shares reduced is not substantial, the action and disclosure are significant for market transparency and may influence investor sentiment in the near term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. Holly Futures Co., Ltd. and its directors accept no responsibility for any losses arising from reliance on this announcement.

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