Online Brokerage Platform Futu Expands Board of Directors
12 August 2019 - 12:00PM
Futu Holdings Limited (“Futu” or “the Company”) (NASDAQ:
FHL), a leading online platform providing cost-effective
brokerage services to clients in China and Hong Kong, today
announced the appointment of Mr. Eric Chi Zhang to its Board of
Directors, effective as of August 8, 2019. Mr. Zhang is a Managing
Director and Head of China for leading global growth equity firm
General Atlantic, an investor in Futu. General Atlantic has been
investing in China for nearly 20 years and was recently recognized
as “Influential PE Firm of the Year” by China Renaissance, a
leading Chinese financial advisor.
Mr. Leaf Hua Li, Chairman and Chief Executive Officer of Futu,
commented: “We are honored to have Mr. Eric Chi Zhang join our
Board of Directors. His extensive experience investing in
technology platforms in the region will benefit Futu as we further
build our platform, enabling even more Chinese investors to trade
stocks globally and delivering long-term value to our
shareholders.”
Pursuant to this appointment, the Board is now composed of six
members. The Board’s audit committee, compensation committee, and
nominating and corporate governance committee now each has three
members, two of whom are independent directors.
About Futu Holdings
Limited
Futu Holdings Limited (Nasdaq: FHL) is an advanced technology
company transforming the investing experience by offering a fully
digitized brokerage platform. The Company primarily serves the
emerging affluent Chinese population, pursuing a massive
opportunity to facilitate a once-in-a-generation shift in the
wealth management industry and build a digital gateway into broader
financial services. The Company provides investing services through
its proprietary digital platform, Futu NiuNiu, a highly integrated
application accessible through any mobile device, tablet or
desktop. The Company's primary fee-generating services include
trade execution and margin financing which allow its clients to
trade securities, such as stocks, warrants, options and
exchange-traded funds, or ETFs, across different markets. Futu
enhances the user and client experience with market data and news,
research, as well as powerful analytical tools, providing them with
a data rich foundation to simplify the investing decision-making
process. Futu has also embedded social media tools to create a
network centered around its users and provide connectivity to
users, investors, companies, analysts, media and key opinion
leaders.
For investor and media inquiries, please
contact:
In China: |
|
Futu Holdings LimitedE-mail: ir@futuholdings.com |
|
|
In the United States: |
|
Tip FlemingChristensenTel: +1 (917) 412 3333E-mail:
tfleming@christensenir.com |
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