Core Insights - On November 14, Hongye Futures executed a block trade of 210,000 shares with a transaction value of 2.0958 million yuan, accounting for 1.23% of the total trading volume for the day [1][2] - The transaction price was 9.98 yuan, representing a discount of 9.85% compared to the market closing price of 11.07 yuan [1] Group 1: Transaction Details - The block trade occurred on November 14, 2025, involving the security code 001236, referred to as "引不明亮" [2] - The transaction volume was 210,000 shares, with a total transaction amount of 2.0958 million yuan [2] - The buyer was an institutional client, while the seller was from the Shanghai Pudong New Area, specifically the Chengshan Road Securities Business Department of Founder Securities Co., Ltd. [2]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of November 14, with Northeast Electric (00042) leading at 831.03% and Ningde Times (03750) at -9.94% [1][2] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042) with a premium of 831.03% - Sinopec Oilfield Service (01033) with a premium of 279.27% - Hongye Futures (03678) with a premium of 276.70% [1][2] - The bottom three stocks with the lowest AH premium rates are: - Ningde Times (03750) with a premium of -9.94% - China Merchants Bank (03968) with a premium of -0.10% - Heng Rui Pharmaceutical (01276) with a premium of 5.22% [1][2] Deviation Values - The stocks with the highest deviation values are: - Sinopec Oilfield Service (01033) with a deviation of 36.09% - Hongye Futures (03678) with a deviation of 32.04% - Zhejiang Shibao (01057) with a deviation of 29.03% [1][2] - The stocks with the lowest deviation values are: - Andeli Juice (02218) with a deviation of -18.61% - Ganfeng Lithium (01772) with a deviation of -17.09% - China Life (02628) with a deviation of -16.43% [1][2][3]

Core Insights - The article highlights the top and bottom performing AH share premium rates as of November 12, with Northeast Electric (00042) leading at 847.37% and Ningde Times (03750) at -15.85% [1][2] Summary by Category Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 847.37% with H-share priced at 0.285 HKD and A-share at 2.25 CNY [1] - Hongye Futures (03678) follows with a premium rate of 266.57%, H-share at 3.590 HKD and A-share at 10.99 CNY [1] - Zhejiang Shibao (01057) ranks third with a premium rate of 264.95%, H-share at 4.650 HKD and A-share at 14.17 CNY [1] Bottom AH Share Premium Rates - Ningde Times (03750) shows a negative premium rate of -15.85%, with H-share at 550.000 HKD and A-share at 386.38 CNY [1] - China Merchants Bank (03968) has a premium rate of -1.59%, H-share at 52.250 HKD and A-share at 42.93 CNY [1] - Heng Rui Pharmaceutical (01276) has a premium rate of 3.59%, H-share at 71.800 HKD and A-share at 62.1 CNY [1] Top AH Share Deviation Values - Zhejiang Shibao (01057) leads with a deviation value of 27.23% [1] - Hongye Futures (03678) has a deviation value of 25.25% [1] - Sinopec Oilfield Service (01033) follows with a deviation value of 20.25% [1] Bottom AH Share Deviation Values - Andeli Juice (02218) has the lowest deviation value at -25.93% [1] - China Life (02628) follows with -19.73% [1] - CNOOC Services (02883) has a deviation value of -13.96% [1]

Core Viewpoint - Hongye Futures (001236) announced that its controlling shareholder, Suhao Holdings Group, plans to reduce its stake through Zhongshan Company by selling up to 24.255 million H-shares starting from December 1 for a period of six months, representing a maximum reduction of 2.41% of the company's total issued shares [1] Group 1 - The planned share reduction will be executed via centralized bidding [1] - The maximum number of shares to be sold is 24.255 million [1] - The reduction period is set for six months starting from December 1 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Holly Futures （ 於 中 華 人 民 共 和 國 （ 「 中 國 」 ） 註 冊 成 立 的 股 份 有 限 公 司 ， 中 文 公 司 名 稱 蘇 豪 弘 業 期 貨 股 份 有 限 公 司（前稱弘業期貨股份有限公司） ， 在 香 港 以 Holly Futures 的 名 義 開 展 業 務 ) ( 「 本 公 司 」 ) （股 份 代 號：3678） 關於控股股東下屬公司擬減持本公司H股的公告 本 公 司 近 日 收 到 蘇 豪 控 股 集 團 鍾 山 有 限 公 司（以 下 簡 稱「鍾山公司」）的 通 知，計 劃 自2025年12月1日 起6個月內以集中競價方式減持不超過24,255,000股本公司H 股（佔 本 公 司 已 發 行 股 份 總 額 約2.41%），減 持 價 格 區 間 根 據 減 持 時 的 市 場 價 格 ...

Core Viewpoint - Hongye Futures (001236) announced that Zhongshan Company, a subsidiary of Suhao Holdings Group, plans to reduce its holdings of H-shares by up to 24.255 million shares, representing approximately 2.41% of the company's total issued shares, within six months starting from December 1, 2025 [1] Group 1 - Suhao Holdings directly and indirectly holds about 510 million shares of the company, accounting for approximately 50.58% of the total issued shares [1] - Suhao Holdings directly owns about 275 million A-shares, which is approximately 27.33% of the total issued shares [1] - The company also holds approximately 210 million A-shares through its subsidiaries, representing about 20.84% of the total issued shares [1] Group 2 - The planned share reduction will not affect the company's operations, finances, or future development significantly [1] - After the share reduction, Suhao Holdings will remain the controlling shareholder of the company [1]

Core Viewpoint - Hongye Futures (03678) announced that Zhongshan Company plans to reduce its holdings of the company's H-shares by up to 24.255 million shares, accounting for approximately 2.41% of the total issued shares, through centralized bidding starting from December 1, 2025 [1] Group 1 - Zhongshan Company is a subsidiary of Suhao Holdings Group, which directly and indirectly holds about 510 million shares of the company, representing approximately 50.58% of the total issued shares [1] - Suhao Holdings directly holds about 275 million A-shares, accounting for approximately 27.33% of the total issued shares, and through its associates holds an additional 210 million A-shares, representing about 20.84% of the total issued shares [1] - After the share reduction plan, Suhao Holdings will remain the controlling shareholder of the company, and the reduction will not have a significant impact on the company's operations, finances, or future development [1]

Core Viewpoint - Hongye Futures (03678.HK) announced that its shareholder, Zhongshan Company, plans to reduce its holdings of H shares by up to 24,255,000 shares, representing approximately 2.41% of the total issued shares, within six months starting from December 1, 2025 [1] Group 1 - Zhongshan Company will determine the reduction price based on market conditions at the time of the sale [1] - The controlling shareholder, Jiangsu Suhao Holding Group Co., Ltd., holds a total of 509,750,107 shares, accounting for about 50.58% of the total issued shares [1] - Jiangsu Suhao directly holds 275,456,777 A shares, which is approximately 27.33% of the total issued shares [1] Group 2 - Jiangsu Suhao, through its concerted actions with subsidiaries, holds an additional 210,038,330 A shares, representing about 20.84% of the total issued shares [1] - Zhongshan Company, as a wholly-owned offshore subsidiary of Jiangsu Suhao, holds 24,255,000 H shares, which is approximately 2.41% of the total issued shares [1]

Core Viewpoint - Hongye Futures (03678.HK) plans to reduce its H-shares by up to 24,255,000 shares, representing approximately 2.41% of the total issued shares, starting from December 1, 2025, over a period of six months [1] Group 1 - The reduction will be executed through centralized bidding, with the selling price determined by market conditions at the time of the sale [1] - The controlling shareholder, Suhao Holdings Group Co., Ltd., currently holds 509,750,107 shares, which is about 50.58% of the total issued shares [1] - Suhao Holdings directly owns 275,456,777 A-shares, accounting for approximately 27.33% of the total issued shares [1] Group 2 - Suhao Holdings, through its concerted actions with subsidiaries, holds an additional 210,038,330 A-shares, representing about 20.84% of the total issued shares [1] - The overseas subsidiary, Zhongshan Company, holds 24,255,000 H-shares, which is approximately 2.41% of the total issued shares [1]

本 公 司 近 日 收 到 蘇 豪 控 股 集 團 鍾 山 有 限 公 司（以 下 簡 稱「鍾山公司」）的 通 知，計 劃 自2025年12月1日 起6個月內以集中競價方式減持不超過24,255,000股本公司H 股（佔 本 公 司 已 發 行 股 份 總 額 約2.41%），減 持 價 格 區 間 根 據 減 持 時 的 市 場 價 格 及 交 易 方 式 確 定（「股份減持計劃」）。 （ 於 中 華 人 民 共 和 國 （ 「 中 國 」 ） 註 冊 成 立 的 股 份 有 限 公 司 ， 中 文 公 司 名 稱 蘇 豪 弘 業 期 貨 股 份 有 限 公 司（前稱弘業期貨股份有限公司） ， 在 香 港 以 Holly Futures 的 名 義 開 展 業 務 ) ( 「 本 公 司 」 ) （股 份 代 號：3678） 關於控股股東下屬公司擬減持本公司H股的公告 於 本 公 告 日 期，本 公 司 控 股 股 東 江 蘇 省 蘇 豪 控 股 集 團 有 限 公 司（以 下 簡 稱「蘇 豪 控 股」）直 接 及 間 接 持 有 本 公 司509,750,107股 股 份，佔 本 公 司 已 發 行 股 ...