Hongye Futures: One of the controlling shareholders and concerted actors reduce their holdings, resulting in a decrease in their ownership stake to 50%.

Hongye Futures announced that one of the controlling shareholders, Mr. Su Haizhongshan, has decreased his shareholding, leading to a decrease in the shareholding proportion of the controlling shareholders and concerted actors, but it does not trigger a mandatory takeover offer. As of December 24, Su Haizhongshan has reduced his holdings of 5.86072 million H shares through centralized bidding, with an average price of HK$3.42 per share. After the change, the total holdings of Su Hao Holdings and other shareholders have decreased to 504 million shares, from 50.58% to 50%, hitting integer multiples of 5% and 1%. This change will not alter the controlling shareholders or the actual controllers, and will not affect the corporate governance and operations. The reduction plan of Su Haizhongshan has not yet been completed.