Excerpts from Futu Holdings Ltd's Q1 2026 Earnings Call

1. As of May 28, Futu has cumulatively repurchased approximately US$418 Million Worth of ADSs.

2. As of the end of Q1, funded accounts in the Chinese Mainland accounted for approximately 13% of total funded accounts, contributed around 17% of total client assets, and generated roughly 20% of revenue.

3. The two-year wind-down period for Chinese Mainland investors does not require the closure of existing accounts; rather, it restricts deposit and new investments for Chinese Mainland investors residing in the Mainland.

4. In the Hong Kong market, we have maintained a market penetration of over 50% in a highly competitive environment.

5. In the first quarter, the independent overseas brand moomoo recorded strong year-over-year revenue growth across all its overseas markets, with revenue in five countries surging by over 100%. Moomoo now has more than 2 million funded clients overseas, and client quality continues to improve year over year. The average Assets Under Management (AUM) per client is approximately US$18,000, significantly higher than that of other local online investment platforms. Looking ahead, moomoo will leverage its portfolio of over 140 licenses worldwide to expand into more markets.

6. The full-year guidance of 800,000 newly acquired overseas clients will not be revised downward.

7. According to public statistics from the SFC, Hong Kong’s financial wealth management assets exceeded HKD 35 trillion by the end of 2024. Similarly, statistics from the Monetary Authority of Singapore (MAS) show that Singapore's financial wealth management assets also surpassed HKD 34 trillion by the end of 2024.

While Futu has achieved exceptionally high client coverage in these two major international financial centers—Hong Kong and Singapore—our strategic layout to deeply service the tens of trillions of Hong Kong dollars in resident wealth across both regions has just commenced. The ceiling is high, and the market potential is vast.

8. In May, we officially obtained the Futures Commission Merchant (FCM) license in the United States, granting us approval to conduct the Prediction Markets services and clearing businesses. While advancing the license application, we also completed the development of our product and system capabilities. We expect to open the Prediction Markets trading services to US retail investors very soon.

9. PantherTrade has passed the second phase of the Hong Kong SFC's VATP (Virtual Asset Trading Platform) license approval process and has commenced full business operations. Currently, a portion of Futu Securities' virtual asset trading volume and AUM has been migrated to PantherTrade.

10. Futu expects to launch Korean stock trading in Hong Kong and Singapore this June as part of its initial rollout, with other regions to follow. This move aims to meet investor demand for AI and related industry stocks, such as Samsung and SK Hynix.

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