Moomoo's parent company Futu Holdings Limited (Nasdaq: FUTU, "Futu"), a leading 
tech-driven online brokerage and wealth management platform, announced that its 
long-term issuer credit rating "BBB-" has been reaffirmed with a stable outlook 
by major global rating agency Standard & Poor's (S&P). Meanwhile, S&P also 
maintained Futu's "bbb" GCP (group credit profile) rating.

Last year, Futu was granted a BBB- long-term issuer credit rating by S&P, 
marking the first Hong Kong brokerage to independently receive BBB- rating from 
S&P.

Being one of the three major global rating agencies, S&P offers third-party 
forward looking opinions about a company's relative creditworthiness ranging 
from AAA to D. Companies rated BBB- or higher by S&P are considered 
investment-grade, and are believed to have adequate capacity to meet financial 
commitments and relatively low credit risk.

In its recent report, S&P highlighted Futu's very strong capitalization, 
adequate risk controls and expansion strategy on international market, and it 
expected Futu to maintain the risk appetite, underwriting standards and good 
loan quality while expanding the business scope and international outreach over 
the next 24 months.

S&P also underscored Futu's satisfactory share of about 3% of Hong Kong's 
fragmented brokerage market, and its improvements on the diversification of its 
product offerings and geographic reach. S&P believed that Futu has started to 
diversify its funding structure and liquidity sources in recent years.

S&P commented in the report that internationalization will be the main strategy 
for Futu in the next two to three years, as the company is looking to expand 
the presence in Hong Kong SAR, the U.S., Singapore, Australia and potentially 
other new markets. As of the end of first quarter, Futu recorded more than 80% 
of its newly acquired paying clients from Hong Kong SAR, the United States, 
Singapore and other international markets in first quarter this year.

Having established its presence in Hong Kong in 2012, Futu has led the way in 
the local brokerage industry for almost ten years and its app Futubull is now a 
household name in Hong Kong. Futu's registered Hong Kong users number accounted 
for approximately one third of Hong Kong adults' population.

Since July 2020, Futu had become the first retail brokerage included in 
Category A Stock Exchange Participants by the Hong Kong Exchange, ranking among 
top 14 brokerage houses together with other top tier global investment banks, 
in terms of market shares in Hong Kong.

Since Futu made its debut in Singapore last year, its flagship app moomoo has 
quickly become a technology brokerage platform recognized by local investors. 
As of June 2022, the number of Futu's Singapore users accounted for more than 
20% of the Singapore's population aged between 20 to 70. In June 2022, Moomoo 
Financial Singapore Pte. Ltd officially became the first digital brokerage to 
receive full memberships from Singapore Exchange, strengthening its leading 
position in the industry.

In the U.S. market, moomoo continues to gain interest from traders who seek 
better tools to trade like a pro. With strong technology supports, moomoo 
provides investors with seamless trading experience, timely financial 
information, and powerful investment analysis tools that used to be available 
only to institutional investors.

Moomoo also announced its official launch in Australia in March 2022, providing 
trading access of stocks and ETFs listed in the U.S. and Australia to 
Australian investors. Moomoo is rapidly expanding its presence in Australia by 
sharing investing knowledge and market insights in financial forums and events, 
putting responsible investing into practice.

Apart from brokerage business, Futu sharpens edges of its product 
diversification. In terms of enterprise service business, Futu had 258 IPO and 
IR clients as well as 459 ESOP clients by the end of first quarter, climbing up 
69.7% and 129.5%YoY, respectively.

Additionally, Futu Money Plus has partnered with 64 world's well-known 
financial institutions to offer wealth management services, including five new 
partners - Wellington Investment, Fullerton Fund Management, Lion Global 
Investors, Nikko Asset Management and UOB Asset Management in first quarter. 
According to its first quarter earnings report, the total client assets amount 
reached HK$20.9 billion ($2.7 billion), an increase of 59.1%YoY.

About Futu Holdings Limited

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company 
transforming the investing experience by offering a fully digitalized brokerage 
and wealth management platform. The Company primarily serves the emerging 
affluent 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 platforms, Futubull and moomoo, each a 
highly integrated application accessible through any mobile device, tablet or 
desktop. The Company's primary fee-generating services include trade execution 
– which allows its clients to trade securities, such as stocks, ETFs, warrants, 
options and futures across different markets – as well as margin financing and 
securities lending. 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.

About moomoo

Moomoo is a next-generation one-stop digital financial service platform created 
by Moomoo Technologies Inc., a fintech company based in Palo Alto, California.

Moomoo integrates trading, market data, social networking with advanced 
features, such as AI-powered analytics and anomaly detection functions. It 
supports free online account-opening and provides access to the trading of 
stocks and ETFs in multiple global markets such as the United States, Hong Kong 
SAR, Singapore, and Australia. Moomoo and its brand affiliates also offer rich 
investor education content and an interactive online community with 18 million 
users in more than 200 countries globally.

Moomoo's parent company is the Nasdaq-listed fintech company Futu Holdings 
Limited ("Futu"), which is headquartered in Hong Kong. Futu's subsidiary is 
also one of the largest brokerages in Hong Kong. On March 8, 2019, Futu was 
listed on the Nasdaq (symbol:FUTU).

For more information, please visit the moomoo official website at 
www.moomoo.com.

SOURCE:moomoo Inc.