GlobeNewswire Inc | Apr 5, 2021 04:00AM EDT

April 05, 2021

BEIJING, April 05, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ: TIGR) (UP Fintech or the Company), a leading online brokerage firm focusing on global investors, today announced that a consortium of leading institutional investors has subscribed to purchase convertible notes in an aggregate principal amount of US$90 million through a private placement. Consummation of the placement of the convertible notes is subject to satisfaction of customary closing conditions. The convertible notes to be issued will mature in 2026 unless previously converted.

About UP Fintech Holding Limited

UP Fintech Holding Limitedis a leading online brokerage firm focusing on global investors. The Companys proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its mobile first strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing,IPO subscription, ESOP management, investor education, community discussion and customer support. The Companys proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

For more information on the Company, please visit: https://ir.itiger.com.

Safe Harbor Statement

This announcement contains forwardlooking statements. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forwardlooking statements can be identified by terminology such as may, might, aim, likely to, will, expects, anticipates, future, intends, plans, believes, estimates and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Companys strategic and operational plans, contain forwardlooking statements. The Company may also make written or oral forwardlooking statements in its periodic reports to the U.S. Securities and Exchange Commission (SEC) on Forms 20F and 6K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Companys beliefs and expectations, are forwardlooking statements. Forwardlooking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forwardlooking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Companys growth strategies; trends and competition in global financial markets; changes in the Companys revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; foreign and international regulations and policies and actions by foreign governmental or regulatory authorities that may affect our internationalization strategy; and governmental policies relating to the Companys industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Companys filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Companys filings with the SEC.

For investor and media inquiries please contact:Investor Relations ContactClark S. SoucyUP Fintech Holding LimitedEmail:ir@itiger.com