Holly Futures (03678) has issued a circular announcing plans to elect Professor Liu Xiaoxing as an Independent Non-Executive Director (INED) at the company’s 2026 third Extraordinary General Meeting (EGM), scheduled for 2:00 p.m. on 25 November 2026 in Nanjing, Jiangsu Province.

Key details: • Candidate profile: Liu Xiaoxing, aged 56, is a professor and doctoral supervisor at the School of Economics and Management, Southeast University. He has more than 26 years’ experience in academia and finance, previously holding senior roles at Guangdong University of Finance and Economics and serving as vice dean of Jiangsu Institute of FinTech, Digital and Tech-Finance. Liu was an independent director of Jiangsu Expressway Company (2018–2024) and Focus Technology (2020–2026).

• Term and remuneration: Upon shareholder approval, Liu’s appointment will take effect immediately and run until the end of the fifth Board session. His annual fee is set at HKD0.12 million (after tax), determined by the Remuneration Committee with reference to industry benchmarks and the company’s scale.

• Independence confirmation: Liu has affirmed compliance with all independence criteria under Hong Kong Listing Rule 3.13. His eligibility also requires a no-objection clearance from the Shenzhen Stock Exchange before the EGM vote.

• Board changes: Incumbent INED Zhang Hongfa will step down once Liu’s election is confirmed, maintaining the Board’s composition of three INEDs as required by listing regulations.

• Shareholder actions: The H-share register will close from 20–25 November 2026. H-shareholders on record as of 25 November 2026 may attend and vote. Proxy forms must reach Computershare Hong Kong Investor Services by 2:00 p.m. on 24 November 2026, and reply slips confirming attendance are due by 6:00 p.m. on 20 November 2026.

Management recommends shareholders vote in favor of Liu’s appointment and associated remuneration at the forthcoming EGM.