PANews reported on May 22 that, according to 21st Century Business Herald, Futu Holdings' US-listed shares fell by over 40% in pre-market trading. The news comes amid reports that the China Securities Regulatory Commission (CSRC) intends to confiscate all illegal gains of Tiger Brokers, Futu, and Changqiao, both domestically and internationally, and impose severe penalties according to law. In response, a company representative stated that the company is aware of the relevant regulatory developments and is carefully studying the details. A unified response will be issued once all information is complete. Currently, the company's business operations are normal, and customers' account assets and services are unaffected.