Futu Group Managing Director: Two Hong Kong entities under Futu have respectively obtained a Type 1 license upgrade and a virtual asset trading platform license.

[Futu Group Managing Director: Futu's two Hong Kong entities have respectively obtained a Type 1 license upgrade and a virtual asset trading platform license] Mr. Zeng Yuchao, Managing Director of Futu Group, discussed Futu's compliance-operated virtual licenses while commenting on hot market topics. 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 licensed and compliant provided four spot trading pairs services, including Bitcoin, Ethereum, and US dollars, Hong Kong dollars, to eligible individual investors in Hong Kong, gradually expanding to include more trading pairs such as LINK and AVAX, as well as features like deposits and withdrawals. In January 2025, Panthertrade, a subsidiary of Futu Group, officially obtained a virtual asset trading platform license (VATP) issued by the Hong Kong Securities and Futures Commission (SFC). According to the SFC's regulatory requirements, the official operation of the virtual asset trading platform license must be completed in phases. Currently, Panthertrade is actively cooperating with the SFC in the second phase of the evaluation work, including assessments of policies, procedures, systems, and monitoring measures. After completing the evaluation, it can officially commence external operations. In other words, the two Hong Kong licensed entities under Futu Group—Futu Securities International (Hong Kong) Limited and Cheetah Trading (Hong Kong) Limited—have respectively obtained a Type 1 license upgrade and a Virtual Asset Trading Platform license (VATP). These two licenses can create a more closed-loop and competitive ecosystem.