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Futu Acquired Australian Subsidiary That Holds Australian Financial Services License | News

HONG KONG, Dec. 19, 2021 (World NEWSWIRE) — Futu Holdings Restricted (“Futu” or the “Company”) (Nasdaq: FUTU), a foremost tech-pushed on-line brokerage and wealth administration system, currently declared that it had correctly acquired an Australian-dependent subsidiary, Futu Securities (Australia) Ltd. Futu Securities (Australia) Ltd retains an Australian Economic Services License (AFSL). The AFSL is a license granted and regulated by the Australian Securities and Investments Commission (ASIC).

The Enterprise expects to use this license to provide on the net brokerage and other fiscal solutions in Australia. By leveraging its differentiated products and solutions and services, the Enterprise is self-confident to faucet into the large market chance in Australia.

About Futu Holdings Minimal

Futu Holdings Constrained (Nasdaq: FUTU) is an highly developed technology company reworking the investing knowledge by offering a entirely digitized brokerage and prosperity management system. The Business mostly serves the emerging affluent populace, pursuing a huge option to facilitate a when-in-a-era change in the wealth administration market and make a electronic gateway into broader financial expert services. The Firm delivers investing solutions by means of its proprietary digital system, Futubull and moomoo, every a extremely integrated software obtainable via any cellular system, pill or desktop. The Firm’s primary cost-creating expert services involve trade execution and margin funding which allow for its purchasers to trade securities, this kind of as stocks, warrants, choices, futures and trade-traded cash, or ETFs, across distinct markets. Futu has also embedded social media resources to build a network centered all around its users and give connectivity to users, buyers, firms, analysts, media and critical feeling leaders..

Risk-free Harbor Assertion

This announcement is made up of ahead-seeking statements. These statements are built less than the “risk-free harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. These forward-on the lookout statements can be identified by terminology these types of as “will,” “expects,” “anticipates,” “long run,” “intends,” “designs,” “thinks,” “estimates” and identical statements. Amid other things, the quotations from the administration team of the Company, contain forward-looking statements. Futu may possibly also make prepared or oral forward-on the lookout statements in its periodic stories to the SEC, in its annual report to shareholders, in press releases and other penned elements and in oral statements designed by its officers, administrators or staff to 3rd parties. Statements that are not historical facts, such as statements about Futu’s beliefs and anticipations, are forward-searching statements. Ahead-searching statements contain inherent challenges and uncertainties. A variety of aspects could cause precise final results to vary materially from people contained in any ahead-on the lookout statement, such as but not limited to the pursuing: Futu’s intention and approaches Futu’s growth options Futu’s upcoming company advancement, money condition and outcomes of functions Futu’s anticipations concerning demand from customers for, and industry acceptance of, its credit rating goods Futu’s anticipations with regards to maintaining and strengthening its relationships with borrowers, institutional funding associates, products suppliers and other functions it collaborate with general economic and business ailments and assumptions fundamental or linked to any of the foregoing. Further more information and facts about these and other threats is bundled in Futu’s filings with the SEC. All details supplied in this press launch and in the attachments is as of the day of this press release, and Futu does not undertake any obligation to update any ahead-seeking statement, besides as needed beneath relevant regulation.

For trader inquiries, remember to call:

Trader Relations Futu Holdings Limited [email protected]

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