Hongye Futures (03678): Hongsu Industrial reduced its holdings of 116.161,000 A-shares due to judicial enforcement

According to the Zhitong Finance App, Hongye Futures (03678) issued an announcement. The company recently learned that due to judicial enforcement (execution), Hongsu Industrial reduced its holdings of the company's shares by more than 1% through centralized bidding transactions and bulk transactions. The relevant details are set out below:

From August 1, 2024 to October 8, 2024, 116.161,000 A shares held by Hongsu Industrial (accounting for about 1.15% of the company's total issued share capital at the date of this announcement) have been disposed of by Hongsu Industrial (shares reduced). Prior to the reduction in shares, Hongsu Industrial held a total of 86.3573 million A-shares, accounting for about 8.57% of the company's total issued share capital on the date of this announcement. Following the reduction in shares, Hongsu Industrial held a total of 74.742 million A-shares, accounting for about 7.42% of the company's total issued share capital on the date of this announcement.

The reduction in share holdings does not violate the “Securities Law of the People's Republic of China”, “Administrative Measures on Acquisitions of Listed Companies” and other relevant laws, administrative regulations, departmental regulations, regulatory documents and the business rules of the Shenzhen Stock Exchange.

As of the date of this announcement, Hongsu Industrial was not the controlling shareholder or largest shareholder of the company or a person acting in concert with it. The reduction in shares will not result in a change in the company's control.

The Board believes that as of the date of this announcement, the reduction in share holdings will not have a significant adverse impact on the Group's business operations, corporate governance and daily management.