UP Fintech Holding Limited Announces Administrative Penalties from CSRC Beijing Bureau

UP Fintech Holding Limited and its subsidiaries have been penalized by the CSRC Beijing Bureau for suspected illegal operations in securities, fund, and futures businesses. The subsidiaries conducted unlicensed cross-border securities business and illegal fund/futures activities in mainland China. The total penalties amount to approximately RMB308.1 million, with an additional confiscation of RMB103.1 million in illegal income. The Company's director and CEO, Mr. Tianhua Wu, also received a penalty of RMB1.25 million. Retail client assets in mainland China represented about 10% of the total client assets as of the end of 2025. The Company accepts the penalties, is cooperating with authorities, and will implement required rectification measures, reaffirming its commitment to compliance.