UP Fintech Holding Limited (NASDAQ:TIGR) Q3 2023 Earnings Conference Call November 27, 2023 8:00 AM ET Company Participants Aaron Li - Head, IR Tianhua Wu - CEO John Zeng - CFO Conference Call Participants Han Pu - CICC Cindy Wang - China Renaissance Alan Kuang - Citibank Operator Ladies and gentlemen, thank you for standing by, and welcome to UP Fintech Holdings Limited Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. There will be a presentation follow ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q2 2023 Earnings Conference Call August 29, 2023 8:00 AM ET Company Participants Tianhua Wu - Chief Executive Officer John Zeng - Chief Financial Officer Aaron Li - Head, Investor Relations Conference Call Participants Han Pu - CICC Judy Zhang - Citi Cindy Wang - China Renaissance Ling Ta - Daiwa Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to UP Fintech Holdings Limited second quarter 2023 earnings conference call. At this ...

EXHIBIT 99.1 UP Fintech Holding Limited Reports Unaudited Second Quarter 2023 Financial Results Singapore, August 29, 2023 – UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the second quarter ended June 30, 2023. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: "In the second quarter, we continued to execute our strategy of optimizing revenue structure and fine-t ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q1 2023 Earnings Conference Call May 30, 2023 8:00 AM ET Company Participants Aaron Lee - Head, IR Wu Tianhua - Chairman and CEO John Zeng - CFO Conference Call Participants Hua Fan - CICC Cindy Wang - China Renaissance Judy Zhang - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to the UP Fintech Holding Limited First Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. There will be a presentation fo ...

Financial Position - As of December 31, 2022, the company's cash and cash equivalents were US$277.7 million, up from US$269.1 million in 2021 and US$79.7 million in 2020[711]. - The company reported a net cash used in investing activities of US$3.6 million in 2022, compared to net cash provided of US$10.9 million in 2021 and US$43.6 million in 2020[720]. - Net cash provided by financing activities in 2022 was US$4.7 million, significantly lower than US$330.9 million in 2021, which included proceeds from a follow-on public offering and convertible bonds[721][723]. - The company experienced an increase of US$159.7 million in financial instruments held at fair value in 2022, contributing to the net cash provided by operating activities[717]. Operating Activities - Net cash provided by operating activities in 2022 was US$258.1 million, a decrease from US$413.2 million in 2021 and US$535.3 million in 2020[717][719]. Research and Development - Research and development expenses for 2022 amounted to US$60.1 million, an increase from US$47.8 million in 2021 and US$22.5 million in 2020[730]. Compliance and Regulations - The company maintained a minimum net capital requirement in compliance with SEC regulations, ensuring financial health against exposure risks[708]. - The minimum base capital requirement for Tiger Brokers SG is SGD 1 million, with additional capital requirements based on operational risk assessments[709]. - The company has not utilized any derivative financial instruments for hedging foreign currency risks, which may affect its financial condition due to fluctuations in exchange rates[707]. Shareholder Information - Major shareholders include Xiaomi Corporation with 10.40% of Class A shares and Tigerex Holding Limited with 8.90%[776]. - Tianhua Wu, a director, holds 23.04% of ADS and 21.15% of Class A shares, representing 56.44% of total voting power[776]. - Mr. Tianhua Wu controls 55.82% of the aggregate voting power of the company's total issued and outstanding share capital through Class B ordinary shares[785]. - Xiaomi Corporation beneficially owns 250,641,392 Class A Shares and invested US$30.0 million in convertible notes during a financing transaction[795]. Employee Information - As of December 31, 2022, the company had 1,040 employees, a decrease from 1,134 employees in 2021, with 872 based in mainland China and Hong Kong[770]. - The breakdown of employees by department shows that 42.0% are in Research and Development and Technology, 15.1% in Compliance, Legal and Finance, and 18.3% in Business and Customer Support[773]. Compensation and Benefits - In 2022, the company paid an aggregate of RMB2.4 million (US$0.3 million), HKD1.9 million (US$0.2 million), and US$0.4 million in cash to executive officers and directors[746]. - The company has not set aside or accrued any amount for pension or retirement benefits for directors and executive officers[746]. - The company recognizes compensation expense for all grants of share options and restricted share units, which involves subjective assumptions[735]. Taxation - The effective income tax rate is determined based on estimates regarding taxable and deductible items across various jurisdictions[733]. - The Cayman Islands imposes no taxes on profits, income, gains, or appreciation for individuals or corporations, benefiting the company's operations[815]. - The company has obtained a 30-year tax concession from the Cayman Islands government, ensuring no new taxes on profits or income will apply[818]. - The company does not intend to calculate earnings and profits according to U.S. federal income tax principles, affecting dividend reporting[825]. - Non-corporate U.S. Holders may benefit from a reduced capital gains tax rate on dividends if the company qualifies as a qualified foreign corporation[826]. - The company does not expect to be classified as a Passive Foreign Investment Company (PFIC) for the current taxable year or in the foreseeable future[833]. Risk Management - The board of directors is responsible for overseeing risk management activities, with senior management handling day-to-day processes[768]. - Margin financing is subject to various regulatory requirements, and risks associated with margin credit increase during periods of fast market movements[850]. - Credit exposure is mitigated by a policy of automatically evaluating accounts throughout the trading day and closing out positions that are under-margined[853]. Internal Controls - Management concluded that internal control over financial reporting was effective as of December 31, 2022[863]. - KPMG Huazhen LLP audited the effectiveness of internal control over financial reporting as of December 31, 2022[865]. - No changes in internal controls over financial reporting occurred during the reporting period that materially affected their effectiveness[866].

UP Fintech Holding Limited (NASDAQ:TIGR) Q4 2022 Earnings Conference Call March 29, 2023 8:00 AM ET Company Participants Aaron Lee - Head, Investor Relations Wu Tianhua - Chairman and Chief Executive Officer John Zeng - Chief Financial Officer Conference Call Participants Cindy Wang - China Renaissance Han Pu - CICC Brandy Wang - Citi Operator Ladies and gentlemen, thank you for standing by and welcome to the UP Fintech Holding Limited Fourth Quarter 2022 Earnings Conference Call. At this time, all particip ...

EXHIBIT 99.1 UP Fintech Holding Limited Reports Unaudited Fourth Quarter And Full Year 2022 Financial Results Singapore, March 29 , 2023 – UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: "The macro environment remained challenging in the fourth quarter, desp ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q3 2022 Earnings Conference Call November 23, 2022 8:00 AM ET Company Participants Aaron Lee - Head, Investor Relations Wu Tianhua - Chairman and CEO John Zeng - Chief Financial Officer Huang Lei - Chief Executive Officer, U.S. Tiger Securities Kenny Zhao - Financial Controller Conference Call Participants Yoyo Jiang - CICC Cindy Wang - China Renaissance Operator Ladies and gentlemen, thank you for standing by. And welcome to the UP Fintech Holding Limited Third Quar ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q2 2022 Earnings Conference Call September 7, 2022 8:00 AM ET Company Participants Aaron Lee - Investor Relations Director Wu Tianhua - Chairman and Chief Executive Officer John Zeng - Chief Financial Officer Ken Zhao - Financial Controller Conference Call Participants Han Pu - CICC Judy Zhang - Citi Cindy Wang - China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welcome to UP Fintech Holding Limited Second Quarter 2022 Earnings Conferenc ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q1 2022 Earnings Conference Call June 10, 2022 8:00 AM ET Company Participants Wu Tianhua - Chairman and Chief Executive Officer John Zeng - Chief Financial Officer Fan Lei - CEO of U.S. Tiger Securities Ken Zhao - Financial Controller Conference Call Participants Han Pu - CICC Julia Cheung - Citi Cindy Wang - China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welcome to UP Fintech Holding Limited First Quarter 2022 Earnings Conference Ca ...