Holly Futures Co., Ltd. announced Ms. Yao Aili has tendered her resignation as an employee representative Supervisor due to job re-allocation, and her resignation was effective on 20 March 2023. Ms. Yao confirmed that she has no disagreement with the Supervisory Committee and the Board and there is no matter in relation to her resignation that needs to be brought to the attention of the Shareholders or the Hong Kong Stock Exchange. Ms. Zhang Lei has been appointed as an employee representative Supervisor of the fourth session of the Supervisory Committee at the employee representative meeting of the Company held by the employees of the Company on 20 March 2023.

Ms. Zhang meets the qualification requirements to serve as an employee representative Supervisor as stipulated in the relevant PRC laws, regulations and the Articles. Ms. Zhang Lei, aged 45, is a graduate with a bachelor degree in law who passed the National Judicial Examination of the PRC in 2010 and has 4 years of experience as a practicing lawyer in the PRC. Ms. Zhang has joined the Company since August 2018, and has been the vice manager of the legal department, the vice manager of the audit and legal department, and is currently the vice manager of the audit and legal department (in charge).

The Company will enter into a service contract with Ms. Zhang. Ms. Zhang will serve the Company for a term commencing from 20 March 2023 to the date of the expiry of the term of the fourth session of the Supervisory Committee.