Futu Wealth Management AUM surpassed 10 billion US dollars, driving business growth in Malaysia at an accelerated pace

Leading Securities Trading and Wealth Management Financial Technology Company — Futu Holdings Ltd. (Nasdaq:FUTU/), under the name of Futu Futu Global Asset Management Model (Nasdaq: FUTU1), posted an increase of more than 50% in 10 months Long. During the past year, Dai Financial continued to develop a one-stop global asset allocation platform, increasing the number of its warehouse customers by 51% in the past year, while attracting high-net-worth individuals and institutional clients. With the Group's globalisation and multi-dollar business strategy, Futu's wealth management business has relaunched the new Malaysian market and accelerated its penetration into Southeast Asia, becoming the most influential brand in the region.

Money funds with relatively stable yields and flexible redemptions have been one of the engines of accelerating the growth of the Elephant Wealth Fund business in recent years. In the context of the high interest rate market in Hong Kong, the Elephant Wealth Money Fund's cash hoard continues.

In addition, the platform's growth of alternative assets was fast and performed brilliantly. As of June 5 this year, the platform's alternative asset size increased by more than 1.5 times compared to the same period last year, and the size of its clients held by alternative assets almost 3 times. Considered to be a safe haven asset with long-term income protection, the share of US debt positions rose markedly in the alternative asset class, gaining increased attention against the backdrop of an expected rise in interest rates at the Federal Reserve, thanks to the extremely fast trading ability of the bonds launched earlier by Elephant Wealth to achieve a trading bond yield of 100%. The average transaction takes only 8 seconds and is leading in the home.

Elephant Wealth continues to expand its asset classes across a range of sequential cycles, offering clients, especially high-net-worth individuals, a variety of financial channels to access diverse sources of income in the face of fluctuations. In the past month, fund clients earned HK$3.1 million through the platform.

Futui Capital's Global Wealth Management Model is in the midst of a new wave of international strategy, advancing ahead of the Singapore wealth management market after gaining approval from the Securities Regulators Committee of Malaysia and the Federation of Investment Managers Malaysia (Federation of Investment Managers Malaysia), not to be approved locally A wide range of wealth management products and services are available to individuals and institutional investors. In recent years, Singapore's wealth management business continued to grow rapidly, with more than 85% of Singapore-owned warehouse customers realistically profitable in the past year. The TAMP (Turnkey Asset Management Platform) business model, which was launched on the Singapore market in the near future, is not based on a diversified business for high-net-worth individuals. Futu's wealth management business will further expand into Malaysia as local investors bring innovative and diversified wealth management services.

Futu is committed to enhancing its trading capabilities through new technologies and optimizing customer experience. In addition to continuing to choose from a wide range of options, Futu Daifu will be introducing intelligent investment advisory services to create a variety of personalized investment experiences. This service provides portfolio structuring recommendations based on the client's risk reporting, recommending best-performing investment strategies, automatically finding the best performing portfolio, enabling automatic adjustment of emotions, effectively solving individual investor pain and reducing investors' time costs.

The Chief Financial Officer of Futu Holdings Ltd's wealth management business highlights:The global wealth management model of Futu Futu is heading towards $US100, and the growth of warehouse customer models and the improvement of customer quality has led to a more balanced health in the overall asset structure. We will further develop technology-driven core competency advantages to meet the needs of big markets and investors, across a wide range of product categories, helping customers navigate the global market. Beyond that, we have seen the wealth management business expand into the Malaysian market this year, building on the foundation and growth trend of successful business in Hong Kong and Singapore, for local investors who are high-net-worth customers to innovate with multi-component wealth management services. The Southeast Asian wealth management market has a large development space and huge momentum, which is sure to add new impetus to the long-term growth of our business

Remarks:

1_ Statistical figures for Futu Holdings Ltd., 5 June 2024

3_ Statistical figures for Futu Holdings Ltd., 5 June 2024