[Futu, Tiger Insider Trading Case Third Defendant Yang Jingyao Appears, Applies to Unfreeze Assets] According to Caixin, the third defendant in the insider trading case involving U.S. stock options of Futu Holdings and Tiger Brokers, Yang Jingyao, has appeared and applied to unfreeze assets. In a statement submitted to a U.S. court on July 23, Yang Jingyao claimed that his personal assets far exceed his personal liabilities and that he has no outstanding debts. Documents from the Hong Kong Stock Exchange show that Yang Jingyao, the single largest shareholder of Glory Sun Financial, is 32 years old and is a businessman and private investor. Currently, there is no public evidence indicating that the securities accounts or funds involved in the U.S. court's restraining order are related to the failed offer by Glory Sun Financial.