Futu responds to media report

Hong kong, oct. 15, 2021 (globe newswire) -- futu holdings limited (“futu” or the “company”) (nasdaq: futu), a tech-driven online brokerage and wealth management platform in china, today noted that a certain chinese media outlet questioned the ability of certain online brokers, including the company, to handle chinese investors' personal data for cross-border trading of stocks in accordance with the requirements of china's personal information protection law (the “pipl”), which will come into force on november 1, 2021. in response to the media report, futu reiterated that regarding the rectification opinions put forward by the “special task force on the regulation of apps” in july 2019, futu contacted the task force immediately thereafter and had completed all the rectification work in satisfaction of the relevant opinions and regulatory requirements by august 2, 2019.
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