$Tiger Brokers(TIGR)$ UP Fintech Holding Limited Announces Changes to Updating Approach of User Terminals for Existing Chinese Mainland
Clients
SINGAPORE, May 16, 2023 — UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading
online brokerage firm focusing on global investors, today announced that, in response to requirements of the China Securities
Regulatory Commission, the Company will change its approach of updating user terminals for existing Chinese mainland clients
and will remove its app "Tiger International" from the Chinese mainland application market starting on May 18, 2023, in order to
complete the rectification work with satisfactory results.
The Company’s existing clients will be able to continue using the app and will not be affected by this change, and the Company
will continue to provide quality services to existing clients and protect the safety of its clients' assets. Existing Chinese mainland
clients will be provided with website links for instructions on updating and downloading the app going forward. The Company
stopped accepting applications from new Chinese Mainland users to open accounts on December 31, 2022.
The Company reiterates that this service adjustment applies to users in Mainland China only, and clients in other countries and
regions around the world will not be affected in terms of downloading and using the app and enjoying the Company’s services. In
the future, the Company will continue to provide investors with first-class investment experience using technology in compliance
with applicable national and regional regulatory requirements.
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