Futu Holdings Limited (「Futu」 or the 「Company」) (Nasdaq: FUTU), a leading tech-driven digital brokerage and wealth management platform, announced its subsidiary Futu Singapore Pte. Ltd. ("Futu SG」) today to strike the gong at market open in the Singapore Exchange Group (SGX Group). Futu SG creates history as the first digital brokerage to receive full memberships from the SGX Group.

Today marks another milestone in Futu’s history with Futu SG being admitted as a Trading and Clearing Member of Singapore Exchange Derivatives Trading Limited and Trading Member of Singapore Exchange Securities Trading Limited. In addition, it will hold a clearing membership with SGX Group’s subsidiary, The Central Depository (Pte) Limited, as well as becoming a depository agent of the financial institution. Futu SG is among the only twelve SGX Group’s members with full memberships across the securities and derivatives markets.

In honour of the occasion, SGX Group CEO Mr. Loh Boon Chye, Futu Holdings Senior Partner and Senior Vice President Mr. Robin Xu, Futu SG CEO Mr. Ivan Mok and Managing Director Mr. Gavin Chia and other members of the SGX Group and Futu SG struck the gong at SGX Group’s IPO Arena on Thursday, 30 June 2022 at market open. 

Mr. Leaf Hua Li, Futu’s Founder, Chairman, CEO & Chairman of the Technology Committee commented: "Receiving all the memberships from SGX Group is a significant milestone for our company as we move toward strengthening our market leading position as a trusted, reliable, stable full-service investment and wealth management super-app, and as the go-to partner for comprehensive financial inclusion and financial literacy. Striking the gong today is representative of a new phase of growth in the retail and institutional investor segments for Futu SG, where being one of the most trusted and credible financial technology platforms in Singapore and beyond is critical in shaping our service and trading capabilities that are of value to our customers.」  

Pol de Win, Senior Managing Director, Head of Global Sales and Origination, SGX Group, said, 「We are pleased to welcome Futu Singapore as the first digital broker to receive full trading and clearing memberships of our securities and derivatives markets. Futu Singapore is primed to play a prominent role in increasing retail participation in Singapore’s market, with millions of users worldwide across Futu Holdings’ investment platforms. We look forward to strengthening our partnership with Futu Singapore to serve the growing retail and institutional demand for SGX Group’s investment and risk management products across the region.」

With the full memberships, we will be able to execute and settle transactions through our clearing system, strengthening the synergy with other Futu’s subsidiaries. Owing to this, we expect to see a rise in retail participation across all Futu’s clients on the SGX market, and for us to become an investment platform that connects SGX to global investors. 

This feat comes as the number of Futu SG‘s users in Singapore exceeds 21.5% of the population aged 20 to 70 in June 2022, implied every 1 out of 5 adults in Singapore is Futu’s user with the Singapore market becoming the second-largest trading market for Singapore clients.

With today’s historic milestone, Futu SG cements itself as a strong partner to financial institutions, especially to those looking to raise capital for initial public offering (IPO) listings in Singapore and promote the top-class investment choices on the SGX to over 18 million of Futu’s users globally.

About Futu Holdings Limited

Futu Holdings Limited ("Futu") (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. Futu provides investing services – including stock trading and clearing, margin financing, wealth management, market data and information, and interactive social features for Hong Kong, US and China Connect stocks – to individual investors through its proprietary one-stop digital platforms, Futubull and moomoo. Futu also provides Employee Stock Ownership Plan (ESOP) solutions and IPO distribution services through its enterprise service brand FUTU I&E, with a focus on providing employee stock ownership plans to corporate clients. 

Futu aims to become an influential financial services platform globally, by building a complete financial technology ecosystem with the mission of "making investing easier and more collaborative." For more information about Futu Holdings, please visit the company's official website at www.futuholdings.com.

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