Futu Group's Managing Director: The two licensed entities under the group in Hong Kong have respectively obtained a license upgrade and a virtual asset trading platform license.

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[Futu Group Managing Director: The group's two licensed entities in Hong Kong have respectively obtained a Type 1 license upgrade and a virtual asset trading platform license] Mr. Zeng Yuchao, Managing Director of Futu Group, stated while commenting on hot topics in the market that Futu will operate under a compliant virtual license in July 2024. Futu Securities, a subsidiary of Futu Group, successfully upgraded its Type 1 license, allowing it to provide virtual asset trading services to Hong Kong investors, including retail investors. In August 2024, Futu Securities officially obtained a license and compliance to provide four spot trading pairs including Bitcoin, Ethereum, and USD/HKD to qualified individual investors in Hong Kong, and will gradually expand to include more trading pairs such as LINK and AVAX, as well as additional functions like deposits and withdrawals. In January 2025, Panthertrade, a subsidiary of Futu Group, officially received the virtual asset trading platform license (VATP) issued by the Hong Kong Securities and Futures Commission, marking another significant progress for the group in compliant operations in the crypto assets field. According to the regulatory requirements of the Hong Kong Securities and Futures Commission, the formal operation of virtual asset trading platform licenses must be completed in phases. Currently, Cheetah Trading is actively cooperating with the SFC to conduct the second phase of evaluation work, which includes assessing policies, procedures, systems, and monitoring measures. After completing the evaluation, it can officially operate externally. In other words, the two licensed entities under Futu Group in Hong Kong—Futu Securities International (Hong Kong) Limited and Cheetah Trading (Hong Kong) Limited—have respectively obtained the upgraded License No. 1 and the Virtual Asset Trading Platform License (VATP). These two licenses can create a more closed-loop and competitive ecosystem.

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