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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2019
ORGANIZATION AND PRINCIPAL ACTIVITIES  
Schedule of principal subsidiaries, consolidated VIE and subsidiary of VIE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of

 

 

 

 

 

 

 

 

 Direct or

 

 

 

 

Date of 

 

Place of 

 

 Indirect

 

 

 

 

Incorporation/

 

Incorporation/

 

 Economic

 

 

Subsidiaries

    

 Establishment/

    

 Establishment

    

 Interest

    

Principal Activities

Futu Securities International (Hong Kong) Limited (“Futu Securities” or the “Operating Company”)

 

April 17, 2012

 

Hong Kong

 

100

%

Financial services  

Futu Securities (Hong Kong) Limited

 

May 2, 2014

 

Hong Kong

 

100

%

Investment holding

Futu Network Technology Limited

 

May 17, 2015

 

Hong Kong

 

100

%

Research and development and technology services

Futu Network Technology (Shenzhen) Co., Ltd.

 

October 14, 2015

 

Shenzhen, PRC

 

100

%

Research and development and technology services  

Shen Si Network Technology (Beijing) Co., Ltd. (“Shen Si”)

 

September 15, 2014

 

Beijing, PRC

 

100

%

No substantial business  

Futu Inc.

 

December 17, 2015

 

Delaware, USA

 

100

%

Financial services

 

 

 

 

 

 

 

 

 

VIE

 

  

 

  

 

  

 

  

Shenzhen Futu Network Technology Co., Ltd. (1) (“Shenzhen Futu”)

 

December 18, 2007

 

Shenzhen, PRC

 

100

%

Research and development and technology services

 

 

 

 

 

 

 

 

 

Subsidiary of the VIE

 

  

 

  

 

  

 

  

Beijing Futu Network Technology Co., Ltd.

 

April 4, 2014

 

Beijing, PRC

 

100

%

No substantial business


Note:

 

(1)

Mr. Leaf Hua Li and Ms. Lei Li are beneficiary owners of the Company and held 85% and 15% equity interest in Shenzhen Futu, respectively. Mr. Leaf Hua Li is the founder, chairman and chief executive officer of the Company, and Ms. Lei Li is Mr. Leaf Hua Li’s spouse.