Founder of Futu responds to regulatory policies: two-year rectification period to restrict deposit purchases and promote internationalization in compliance Odaily Planet Daily News: Li Hua, founder of Futu Holdings, responded to the new cross-border securities business regulation regulations jointly issued by eight departments on May 22 at the 2026 Q1 earnings conference. He emphasized that this adjustment is a unified requirement for the entire industry. Mainland customers will have a two-year rectification period for non clearing accounts, which will only limit domestic deposits and purchases, and allow one-way sales and transfers of funds. Li Hua said that Futu has fully suspended new accounts with mainland identity, and has rejected tens of thousands of applications for non-compliance in the past two years. As of the end of the first quarter, mainland China had 13% of asset customers, 17% of assets, and approximately 20% of revenue contribution. The company will actively embrace regulation, steadily promote compliance, and expects that the new regulations will not affect the annual target of 800000 customers, and will continue to expand into international markets in the future. According to the financial report, Futu's revenue for the first quarter was HKD 5.856 billion (YoY+24.7%), with a net profit of HKD 831 million (YoY -61.2%), mainly due to the provision of HKD 1.85 billion in proposed penalties by the China Securities Regulatory Commission.