UP Fintech Holding Limited Announces Director Resignation

Rhea-AI Summary

UP Fintech Holding Limited (NASDAQ: TIGR) announced the resignation of Mr. Chenglong Zhu as a director, effective February 4, 2021, due to personal reasons. The company clarified that this resignation was not due to any disagreements with its management. UP Fintech is an online brokerage firm focused on global investors, offering a mobile-first trading platform that facilitates trading in various financial instruments across multiple markets. The company's services include trade execution, margin financing, and investor education, aiming to enhance user experience and customer retention.

Positive

• UP Fintech's mobile-first strategy enhances user experience and customer retention.
• The resignation opens opportunities for fresh perspectives in company leadership.

Negative

• Chenglong Zhu's departure may raise concerns about continuity in strategic direction.

BEIJING, Feb. 08, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that Mr. Chenglong Zhu has tendered his resignation as a director of the Company for personal reasons, effective on February 4, 2021. Mr. Chenglong Zhu’s resignation did not result from any disagreement with the Company.

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

For more information on the Company, please visit: https://ir.itiger.com.

For investor and media inquiries please contact:
Investor Relations Contact
Clark S. Soucy
UP Fintech Holding Limited
Email: ir@itiger.com 

FAQ

Who resigned from UP Fintech as a director on February 4, 2021?

Mr. Chenglong Zhu resigned from his position as a director of UP Fintech on February 4, 2021.

Was there any disagreement related to Chenglong Zhu's resignation from UP Fintech?

No, UP Fintech stated that Chenglong Zhu's resignation did not result from any disagreements with the company.

What are UP Fintech's primary services to investors?

UP Fintech offers brokerage services including trade execution, margin financing, and investor education.

How does UP Fintech's mobile-first strategy benefit its customers?

The mobile-first strategy enhances user experience and helps retain current customers while attracting new ones.