FUTU CLASS ACTION ANNOUNCEMENT

Kessler Topaz Meltzer & Check, LLP Announces Securities Class Action Lawsuit Filed Against Futu Holdings Limited

The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey against Futu Holdings Limited (“Futu”) (NASDAQ: FUTU). The action charges Futu with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Futu’s materially misleading statements and omissions to the public, Futu’s investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR FUTU LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/futu-holdings-limited?utm_source=PR&amp ...

LEAD PLAINTIFF DEADLINE: AUGUST 11, 2023

CLASS PERIOD: APRIL 27, 2020 THROUGH MAY 16, 2023

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:

Jonathan Naji, Esq. at [phone] or via email at [e-mail]

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

FUTU’S ALLEGED MISCONDUCT

On October 28, 2021, The Wall Street Journal published an article stating that “[a] senior official at China’s central bank said cross-border online brokerages operating in mainland China were acting illegally,” and specified that Futu “[directs] prospective clients in mainland China to open trading accounts in Hong Kong.” Following this news, Futu’s stock price fell $8.55, or 12.8%, to close at $58.47 per American Depositary Share (“ADS”) on October 28, 2021.

Then, on December 17, 2021, after market hours, Reuters reported that “Chinese officials are planning to ban online brokerages such as Futu . . . from offering offshore trading services to mainland clients, the latest development in a broad regulatory crackdown that has roiled a wide range of sectors over the past year.” Following this news, Futu’s stock price fell $0.45, or 1.2%, to close at $38.18 per ADS on December 18, 2021.