The board of directors of Holly Futures Co., Ltd. announced that Ms. LEUNG Wing Han ("Ms. Leung") has tendered her resignation as a joint company secretary of the company, an alternate to authorized representative of the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and an authorized representative of the Company for accepting service of process or notice on the Company's behalf in Hong Kong of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 21 February 2022. Ms. Leung confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board further announces that Ms. CHAN Yin Wah ("Ms. Chan") has been appointed as a Joint Company Secretary, an Alternate to Authorized Representative and an Authorized Representative with effect from 21 February 2022.

Ms. Chan is an associate director of SWCS Corporate Services Group (Hong Kong) Limited ("SWCS"). Reference is made to the waiver (the "Waiver") granted to the Company by the Stock Exchange from strict compliance with the requirements of Rules 3.28 and 8.17 of the Listing Rules in respect of the eligibility of Mr. Huang Haiqing ("Mr. Huang") to act as a Joint Company Secretary for a three-year period from the date of appointment of Mr. Huang as a Joint Company Secretary of the Company (that is 4 December 2020) to 3 December 2023 (the "Waiver Period"), on the condition that Mr. Huang would be assisted by Ms. Leung, who possesses the qualifications required under Rule 3.28 of the Listing Rules, during the Waiver Period. Mr. Huang, aged 38, obtained a master degree in business administration.

Mr. Huang has been engaged with the Company since November 2009 and worked at the market headquarter of the Company till December 2014.