FUTU HOLDINGS LIMITED SECURITIES FRAUD NOTICE: Berger Montague Informs Futu Holdings Limited (FUTU) Investors of a Securities Fraud Lawsuit

National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Futu Holdings Limited (NASDAQ: FUTU) ("Futu" or the "Company") on behalf of investors who purchased or acquired Futu securities during the period from May 24, 2023 through May 27, 2026 (the "Class Period").

Headquartered in Hong Kong, Futu is an online brokerage and wealth management company that provides securities trading, investment, and financial services to retail investors. According to the complaint, throughout the Class Period, Defendants failed to disclose that certain Futu entities allegedly conducted securities business, public fund sales business, and futures business in mainland China without obtaining the required regulatory approvals. The complaint further alleges that, on December 30, 2022, the China Securities Regulatory Commission ("CSRC") stated that Futu had conducted cross-border securities business with domestic investors in mainland China without regulatory consent, resulting in restrictions on opening new accounts for mainland Chinese investors and soliciting new business from mainland investors.

The truth allegedly began to emerge on May 22, 2026, when Reuters reported that the CSRC, together with seven other Chinese government agencies, had launched a regulatory crackdown targeting brokers allegedly operating without approval. That same day, Futu disclosed that it had received a Notification Letter from the CSRC imposing approximately RMB1.85 billion (approximately US$271 million) in confiscation of alleged illegal gains and fines, as well as a proposed personal fine against the Company's founder and Chief Executive Officer, Li Hua. Following these disclosures, Futu's stock price fell $34.10 per share, or 27.5% , to close at $89.76 on May 22, 2026. The truth allegedly continued to emerge on May 28, 2026, when Futu reported first-quarter 2026 financial results reflecting the proposed regulatory penalties, including approximately RMB470 million in confiscated alleged illegal gains and approximately RMB1.38 billion in fines. Following this disclosure, the Company's stock price fell an additional $5.31 per share, or 4.8%, to close at $104.91.