Futu Announces Plan for App Removal in Mainland China App Stores
May 16 2023 - 6:00AM
Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a
leading tech-driven online brokerage and wealth management
platform, today announced its decision to remove the Futubull app
from app stores in Mainland China from May 19, 2023.
In response to the Chinese Securities and
Regulatory Commission’s (the “CSRC”) rectification requirements on
cross-border securities business, Futu will remove the Futubull app
from app stores in Mainland China in order to bring its operations
into full compliance with such regulatory principle.
After the Futubull app is removed from app
stores in Mainland China, existing Mainland China clients can still
make trades on Futubull, and the relevant services and business
will not be affected in any way by the removal. Users outside
Mainland China may also continue to download and use Futubull
without any interruption.
Existing Mainland China clients and users who
have any questions regarding Futubull may contact us through the
online customer service portal on the app or dial our service
hotline 400-870-1818.
Futu will continue to serve all existing
Mainland China clients by offering high-quality products, services
and user experience.
About Futu Holdings Limited
Futu Holdings Limited (Nasdaq: FUTU) is an
advanced technology company transforming the investing experience
by offering fully digitalized financial services. Through its
proprietary digital platforms, Futubull and moomoo, the Company
provides a full range of investment services, including trade
execution and clearing, margin financing and securities lending,
and wealth management. The Company has embedded social media tools
to create a network centered around its users and provide
connectivity to users, investors, companies, analysts, media and
key opinion leaders. The Company also provides corporate services,
including IPO distribution, investor relations and ESOP solution
services.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates” and similar
statements. Among other things, the quotations from the management
team of the Company, contain forward-looking statements. Futu may
also make written or oral forward-looking statements in its
periodic reports to the United States Securities and Exchange
Commission (“SEC”), in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about Futu’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Futu’s goal
and strategies; Futu’s expansion plans; Futu’s future business
development, financial condition and results of operations; Futu’s
expectations regarding demand for, and market acceptance of, its
credit products; Futu’s expectations regarding keeping and
strengthening its relationships with borrowers, institutional
funding partners, merchandise suppliers and other parties it
collaborate with; general economic and business conditions; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in Futu’s
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and Futu does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor inquiries, please contact:
Investor RelationsFutu Holdings Limitedir@futuholdings.com
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