HOLLY FUTURES (03678) announced that Jiangsu Hongsu Industry Co., Ltd. ("Hongsu Industry"), a shareholder holding approximately 19.1349 million shares (about 1.8987% of the company's total shares) in Soho Holly Futures Co., Ltd. ("the Company"), has been informed of a court ruling by the Shenzhen Intermediate People's Court of Guangdong Province (Case No. (2025) Yue 03 Zhi 580-1). The ruling mandates the compulsory enforcement of the shares held by Hongsu Industry in the Company.

This enforcement stems from a contractual dispute between Shanghai Gangtong Phase I Investment Partnership (Limited Partnership) ("Gangtong Phase I") and Hongsu Industry, among others. Gangtong Phase I applied to the Shenzhen Intermediate People's Court for compulsory enforcement, leading to the issuance of the aforementioned ruling, which orders the sale, auction, or disposal of 32.3654 million shares of HOLLY FUTURES held by Hongsu Industry.

To execute this judicial enforcement plan, the Company issued a cautionary announcement on July 25, 2025, regarding potential compulsory enforcement of shares held by shareholders. Following the announcement, Hongsu Industry adjusted its shareholdings through centralized bidding and block trades, resulting in the enforcement of 13.2305 million shares under Case No. (2025) Yue 03 Zhi 580. As of now, the remaining 19.1349 million shares specified in the ruling remain unenforced.

The current judicial enforcement plan aims to dispose of the remaining unsold shares, which will lead to changes in Hongsu Industry's shareholding in the Company.