Holly Futures Announces Expiry of Shareholding Reduction Plan by Subsidiary of Controlling Shareholder
Key Points for Investors
- Shareholding Reduction Plan Completed: A subsidiary of the controlling shareholder, Jiangsu SOHO Holdings Group Co., Ltd. (“SOHO Holdings”), namely SOHO Holdings Group Zhong Shan Company Limited (“Zhong Shan Company”), has completed its planned reduction of H shares in Holly Futures.
- Reduction Volume and Impact: Zhong Shan Company sold a total of 12,564,720 H shares of Holly Futures via centralized bidding as of the date of the announcement.
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Current Shareholding Structure: Upon completion of the plan:
- SOHO Holdings directly and indirectly holds 493,665,289 shares, representing approximately 48.99% of Holly Futures’ total issued shares.
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Breakdown:
- Directly holds 275,456,777 A shares (27.33%).
- Holds 206,518,232 A shares (20.49%) through concerted parties: Soho Holly Corporation, Jiangsu Soho High Hope Group Corporation, and Jiangsu Holly International Logistics Corporation.
- Holds 11,690,280 H shares (1.16%) through Zhong Shan Company.
- Control Maintained: SOHO Holdings remains the controlling shareholder of Holly Futures after the shareholding reduction.
- Corporate Impact: The company states that the shareholding reduction plan does not have any material impact on operations, finances, or future development.
Important and Potentially Price-Sensitive Information
- Continued Control: Despite the reduction of H shares, SOHO Holdings maintains its controlling position. This signals continued stability in company control and is generally seen as a stabilizing factor for the share price.
- Completion of Shareholding Reduction: The market may react to the news that a large portion of H shares has been sold through centralized bidding. Depending on market perception, this could influence short-term price volatility, especially if investors interpret it as a change in the shareholder structure or a potential overhang on the stock has been cleared.
- No Operational Impact: Management assures shareholders that the reduction does not materially impact company fundamentals. This can help calm investor concerns about the company’s outlook.
Full Details for Investors
Holly Futures (Stock Code: 3678), a company incorporated in the PRC and listed in Hong Kong, has announced the completion of a shareholding reduction plan by Zhong Shan Company, a subsidiary of its controlling shareholder, SOHO Holdings.
The reduction, previously announced on 11 November 2025, involved the sale of up to 12,564,720 H shares via centralized bidding on the Hong Kong Stock Exchange. Following this divestment, SOHO Holdings and its concerted parties now hold a combined 493,665,289 shares, or approximately 48.99% of the total issued shares of Holly Futures.
The current holding structure is as follows:
- SOHO Holdings directly owns 275,456,777 A shares (27.33%).
- SOHO Holdings’ concerted parties, including Soho Holly Corporation, Jiangsu Soho High Hope Group Corporation, and Jiangsu Holly International Logistics Corporation, collectively hold 206,518,232 A shares (20.49%).
- Zhong Shan Company, the SOHO Holdings’ wholly-owned overseas subsidiary, holds 11,690,280 H shares (1.16%).
The company has emphasized that SOHO Holdings remains the controlling shareholder even after the reduction, and the transaction does not have any material impact on its business, financial stability, or future growth prospects.
The Board of Directors, led by Chairman and Executive Director Mr. Chu Kairong, reiterates its commitment to transparency and has provided this update to ensure shareholders are fully informed.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should exercise caution and consider their own circumstances before making investment decisions. The company has stated that there is no material operational or financial impact as a result of the shareholding reduction. Market movements may still occur based on changes in shareholder structure and investor perception.
