Regarding the Recommendation from the Securities and Exchange Surveillance Commission

Thank you for your continued patronage of moomoo Securities.

Yesterday, the Securities and Exchange Surveillance Commission (SESC) issued a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency to take administrative disciplinary action against our company based on the results of an inspection.

We take this recommendation seriously and have already begun analyzing the causes and implementing measures to prevent recurrence. In addressing this matter, we will work closely with regulatory authorities and sincerely and steadily carry out the necessary improvements.

Furthermore, we will continue to strengthen our management framework and thoroughly prevent recurrence, while strictly complying with all applicable laws and regulations, to provide advanced and reliable financial services to investors in Japan.

Please note that our business operations related to customer order execution, platform stability, and the safety of customer assets will continue as usual.

We sincerely apologize for any inconvenience and concern this recommendation may have caused our customers and all related parties.