Futu Holdings (01973) announced that on May 5, 2022, the company issued two corporate bonds, RMB 0.2 billion (referred to as '22 Tian Tu 01') and RMB 0.3 billion (referred to as '22 Tian Tu 02', collectively known as the '2022 company bonds (first tranche)'). The two corporate bonds have respective annual coupon rates of 4.27% (adjusted to 3.50% upon the second anniversary of issuance) and 4.99% per annum (to be adjusted upon the third anniversary of issuance), with expected maturity dates on May 5, 2025, and May 5, 2027. The '2022 company bonds (first tranche)' are guaranteed by Shenzhen Guarantee, who has obtained counter-guarantees from the company and other parties, including but not limited to pledging certain unlisted company share securities held by this group, as well as other assets and guarantees of Shenzhen Tian Tu Venture Investment Co., Ltd. (an entity controlled by Mr. Wang Yonghua) and third parties, to assume its guarantee obligations.

Mr. Wang Yonghua (as the controlling shareholder of the company, chairman of the board of directors, and executive director) signed a share pledge agreement (the second share pledge agreement) with Shenzhen Guarantee on October 23, 2024, pledging 0.104 billion shares of the company's unlisted shares (accounting for approximately 20% of the company's unlisted shares as of the date of this announcement or approximately 15% of the total issued shares of the company) to Shenzhen Guarantee, to potentially release certain asset collateral for the guarantee provided to Shenzhen Guarantee to assume its obligations under the '2022 company bonds (first tranche)'. Before signing the second share pledge agreement, Mr. Wang Yonghua had pledged a total of 1.8389 million shares of the company's unlisted shares, representing approximately 0.27% of the total issued shares of the company, as collateral for the guarantee obligations of China Securities Credit Financing Guarantee Co., Ltd. (China Securities Credit Financing Guarantee) regarding the '2022 company bonds (second tranche)'. The second share pledge agreement entered into by Mr. Wang Yonghua (an associate of the company) to provide financial support to this group constitutes a connected transaction of the company under Chapter 14A of the Listing Rules. Since it was conducted on normal commercial terms (or more favorable terms for the company) and without using any assets of this group as collateral, it has been fully exempted from the requirements of declaration, announcement, and independent shareholder approval in accordance with Listing Rule 14A.90.

Pledging the unlisted shares held by Mr. Wang Yonghua is in the commercial interest of the company and will not affect the free float of the company's H shares.