$Tiger Brokers(TIGR)$  Based on Tiger Brokers’ official statement and the regulatory context, here is an analysis of the likelihood of bankruptcy and the potential impact. 1. Possibility of Bankruptcy: Currently Low The statement is structured specifically to calm fears of financial distress. Several concrete factors support the view that bankruptcy is not an imminent risk. a) Limited direct exposure to Mainland China clients · Assets from Mainland China clients represented only ≈10% of total global client assets as of Q1 2026. · The company fully ceased opening accounts for Mainland residents back in 2023, and suspended all related marketing. This means the revenue contribution from that segment has likely been shrinking well before this new

$SMCI 20260116 28.0 CALL$