Holly Futures : (1) POSTPONEMENT OF THE ANNUAL GENERAL MEETING, DOMESTIC SHAREHOLDERS' CLASS MEETING AND H SHAREHOLDERS' CLASS MEETING AND (2) CHANGE OF BOOK CLOSURE PERIOD

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Holly Futures

(a joint stock company incorporated in the People' s Republic of China with limited liability under the Chinese corporate name ุ̾ಂ஬ٰ΅Ϟࠢʮ̡ and carrying on business in Hong Kong as Holly

Futures) (the "Company ")

(Stock Code: 3678)

(1) POSTPONEMENT OF THE ANNUAL GENERAL MEETING, DOMESTIC SHAREHOLDERS' CLASS MEETING AND H SHAREHOLDERS'

CLASS MEETING

AND

(2) CHANGE OF BOOK CLOSURE PERIOD

Reference is made to the notice of annual general meeting of the Company dated 26 March 2021, notice of the 2021 first domestic shareholders' class meeting of the Company dated 26 March 2021, notice of the 2021 first H shareholders' class meeting of the Company dated 26 March 2021 (together, the "Meeting Notices") and the announcements of the Company dated 26 March 2021 in relation to, among others, the proposed A Share Offering and the change of auditors of the Company (the "Announcements"). Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Meeting Notices and the Announcements.

POSTPONEMENT OF THE AGM AND THE CLASS MEETINGS

As disclosed in the Announcements, a circular containing, among other things, details of (i) the proposal for the A Share Offering and other relevant resolutions; (ii) the proposed amendments to the existing Articles of Association; (iii) the proposed amendments to the existing Rules of Procedures of the Board; (iv) the proposed amendments to the existing Rules of Procedures of the General Meeting; (v) the proposed change of auditors; and (vi) the Meeting Notices, is expected to be despatched to the Shareholders in due course.

The board of the Company (the "Board") hereby announces that, as further time is required to give notice to the Shareholders concerning the closure period of the register of members of the Company, the AGM and the Class Meetings originally scheduled on Wednesday, 12 May 2021 as set out in the Meeting Notices will be postponed to Friday, 14 May 2021 for the purpose of considering and, if thought fit, passing the resolutions as set out in the Meeting Notices. Save for the change of the date of the AGM and the Class Meetings and the corresponding changes specified below, (i) all information and content set out in the Meeting Notices remain unchanged and (ii) the reply slip (the "Reply Slip") and the form of proxy (the "Proxy Form") enclosed with the Meeting Notices will remain valid.

CHANGE OF BOOK CLOSURE PERIOD

The register of members of the Company was originally scheduled to be closed from Sunday, 11 April 2021 to Wednesday, 12 May 2021, both days inclusive. Due to the change of the date of the AGM and the Class Meetings, in order to determine the list of Shareholders who are entitled to attend and vote at the AGM and the Class Meetings, the closure period of the register of members of the Company will be changed to the period from Wednesday, 14 April 2021 to Friday, 14 May 2021, both days inclusive, during which period no transfer of Shares will be effected.

Shareholders whose names appear on the register of members of the Company at the close of business on Tuesday, 13 April 2021 will be entitled to attend and vote at the AGM and the Class Meetings (as the case may be). In order to be eligible to attend and vote at the AGM and the Class Meetings, all transfer documents accompanied by the relevant share certificates must be lodged with the head office in the PRC of the Company at 50 Zhonghua Road, Nanjing, the PRC for holders of domestic shares, or the H Share Registrar of the Company, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for holders of H shares no later than 4:30 p.m. on Tuesday, 13 April 2021 for registration.

The due date for lodging the Reply Slip for the AGM and the Class Meetings with the Company by Shareholders will be changed from Thursday, 22 April 2021 to Saturday, 24 April 2021. Shareholders who have not returned the Proxy Form should complete the form in accordance with the instructions printed thereon and return it to the head office in the PRC of the Company at 50 Zhonghua Road, Nanjing, the PRC for holders of domestic shares, or the H Share Registrar of the Company, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for holders of H shares not later than 24 hours before the time appointed for the holding of the postponed AGM and Class Meetings (i.e. before 2:00 p.m., 2:30 p.m. or 3:00 p.m., as the case may be, on Thursday, 13 May 2021) (or any adjournment thereof).

For the avoidance of doubt, any Reply Slip and/or Proxy Form duly completed and returned in accordance with the instructions printed thereon by the Shareholders before the date of this announcement remains valid for the postponed AGM and Class Meetings and the relevant Shareholders are not required to submit the Reply Slip and/or Proxy Form again. If any Shareholder chooses to re-submit the Proxy Form, the last Proxy Form received by the Company will revoke and supersede the Proxy Form previously submitted by such Shareholder.

By order of the Board

Ms. Zhou Jianqiu Executive Director

Nanjing, the PRC, 30 March 2021

As at the date of this announcement, the Board consists of Mr. Zhou Yong and Ms. Zhou Jianqiu as executive Directors; Mr. Xue Binghai, Mr. Jiang Lin and Mr. Shan Bing as non-executive Directors; and

Mr. Wang Yuetan, Mr. Lam Kai Yeung and Mr. Huang Dechun as independent non-executive Directors.