$UP Fintech (TIGR.US)$ Our company is concerned about today'...

$UP Fintech (TIGR.US)$
Our company is concerned about today's foreign media reports on the regulatory policies of Internet brokers, and hereby explains as follows:

1. Tiger International has been committed to providing first-class investment experience for global investors. Like the business models of other brokers in Singapore and Hong Kong, China, we strictly abide by the relevant regulatory regulations and requirements, and there is no innovation or breakthrough in the model in essence.

2. At present, the Group holds 46 licenses and qualifications in 36 categories in mainstream global financial markets such as Singapore, Hong Kong, New Zealand, the United States and Australia, and nearly 90% of the newly added customers in the third quarter came from non-Chinese mainland regions. In the future, we will continue to firmly invest in science and technology to provide safe, inclusive and convenient products and services for more global investors.

3. The Group has always regarded legal and compliant operation as the lifeline of the Group. If relevant regulatory rules are issued in the future, we will obey the regulatory arrangements and strictly implement the new regulations according to the latest regulatory requirements. At the same time, we will disclose relevant information to investors in a timely manner according to the disclosure requirements of listed companies.

4. Recently, we have also noticed that some short-selling institutions in the market spread information that has not been officially confirmed. We firmly resist any malicious short selling in the market. We will maintain communication with relevant departments and reserve the right to investigate the legal responsibilities of the disseminators of relevant false information according to law.