UP Fintech Holding Limited Completes the Acquisition of Ocean Joy Securities Limited
October 29 2021 - 04:00AM
UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the
“Company”), a leading online brokerage firm focusing on global
investors, today announced that it has completed the acquisition of
Ocean Joy Securities Limited, a firm licensed with the Hong
Kong Securities and Futures Commission for Type I (Dealing in
Securities) and Type II (Dealing in Futures Contracts) regulated
activities.
With the closing of this acquisition, the
Company expects to start to operate its brokerage business in Hong
Kong.
About UP Fintech Holding
Limited
UP Fintech Holding Limited is a leading online
brokerage firm focusing on global investors. The Company’s
proprietary mobile and online trading platform enables investors to
trade in equities and other financial instruments on multiple
exchanges around the world. The Company offers innovative products
and services as well as a superior user experience to customers
through its “mobile first” strategy, which enables it to better
serve and retain current customers as well as attract new ones. The
Company offers customers comprehensive brokerage and value-added
services, including trade order placement and execution, margin
financing, IPO subscription, ESOP management, investor education,
community discussion and customer support. The Company’s
proprietary infrastructure and advanced technology are able to
support trades across multiple currencies, multiple markets,
multiple products, multiple execution venues and multiple
clearinghouses.
For more information on the Company, please
visit: https://ir.itiger.com.
Safe Harbor StatementThis
announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “may,” “might,”
“aim,” “likely to,” “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates” and similar statements
or expressions. Among other statements, the business outlook and
quotations from management in this announcement, as well as the
Company’s strategic and operational plans, contain forward-looking
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K,
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, including the earnings
conference call. Statements that are not historical facts,
including statements about the Company’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: the cooperation with Interactive Brokers LLC and Xiaomi
Corporation and its affiliates; the Company’s growth strategies;
trends and competition in global financial markets; changes in the
Company’s revenues and certain cost or expense accounting policies;
the effects of the global COVID-19 pandemic; and governmental
policies relating to the Company’s industry and general economic
conditions in China and other countries. Further information
regarding these and other risks is included in the Company’s
filings with the SEC, including the Company’s annual report on Form
20-F filed with the SEC on April 28, 2021. All information provided
in this press release and in the attachments is as of the date of
this press release, and the Company undertakes no obligation to
update any forward-looking statement, except as required under
applicable law. Further information regarding these and other risks
is included in the Company’s filings with the SEC.
For investor and media inquiries please
contact:
Investor Relations ContactClark
S. SoucyUP Fintech Holding LimitedEmail: ir@itiger.com
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