Holly Futures' controlling shareholder's concerted parties complete share reduction

Holly Futures has confirmed the completion of its shareholding reduction plan by concerted parties of its controlling shareholder, Jiangsu SOHO Holdings Group. High Hope Group and Holly Logistics, the entities involved, collectively reduced their stake by 10,077,647 A shares, representing 1.0000% of the company's total share capital. This reduction was executed through centralized bidding, with the plan fully implemented as of November 17, 2025.

High Hope Group disposed of 5,945,800 A shares between September 11 and September 24, 2025, at an average price of RMB11.61 per share. Holly Logistics reduced its holding by 4,131,847 A shares from September 11 to November 13, 2025, at an average price of RMB11.72 per share. Prior to the reduction, High Hope Group held 6.3437% of the total share capital, which now stands at 5.7537%. Holly Logistics' stake decreased from 0.8221% to 0.4121%.

The company stated that the shareholding reduction plan was implemented in compliance with relevant laws and regulations and does not alter the control of the company or impact its governance and operations.