Futu Launches New Share Repurchase Program

Futu Holdings Limited (Nasdaq: FUTU) (the “Company”) announces that it had repurchased US$300 million of ADSs in open market transactions, which is the maximum repurchase amount approved under its previous share repurchase program announced on November 3, 2021.

In addition, Futu's board of directors has authorized a new share repurchase program, under which the Company may repurchase up to US$500 million of its ADSs until December 31, 2023. The Company plans to fund the repurchases with its current cash balance.

Under the new share repurchase program, Futu may repurchase its ADSs from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. Futu's board of directors will review the share repurchase program periodically, and may modify, suspend, or terminate the share repurchase program at any time.