Tiger Securities Factor Company fined 411 million yuan for illegal activities

Some subsidiaries of Tiger Securities have been fined and their illegal gains totaling approximately 411 million yuan (approximately 597 million US dollars) by the Beijing Regulatory Bureau of the China Securities Regulatory Commission for engaging in cross-border securities business and fund and futures business without permission in China. The company has confirmed that the matter will not have a significant adverse impact on its business activities or long-term development.