shareholder Hong Su Industrial reduced its holdings of Holly Futures (03678) by more than 1% due to judicial enforcement.

Holly Futures(03678) announced that recently the company learned that Hongsu Industrial reduced its shareholding in the company by over 1% through centralized bidding and block trading due to judicial enforcement. Between January 3, 2025 and January 15, 2025, Hongsu Industrial disposed of 12.6025 million A-shares (approximately 1.25% of the total issued share capital of the company as of the date of this announcement) held by Hongsu Industrial. Before the share disposal, Hongsu Industrial collectively held approximately 64.1534 million A-shares, accounting for approximately 6.37% of the total issued share capital of the company as of the date of this announcement. Following the share disposal, Hongsu Industrial collectively held approximately 51.5509 million A-shares, accounting for approximately 5.12% of the total issued share capital of the company as of the date of this announcement. As of the date of this announcement, Hongsu Industrial is not a controlling shareholder, largest shareholder, or acting in concert with any other person of the company. The share disposal will not result in a change in control of the company.