Moomoo & Benzinga Launch Paper Trading Competition to Support ESG Companies

PALO ALTO,Calif.,Sept. 8,2021 -- moomoo,the populartrading platformfor proactive traders,has announced the launch of registration for its paper trading competitionin partnership with Benzinga,the renowned financial news publication. The competition,which startson September 20,2021will support trader educationand promote the advocacy of Environmental,Social & Governance (ESG) focused economies.

"Weare thrilled toannounce the launch of our first-everUS paper trading competition,whichwill give moomoo users theopportunity topractice trading in a safe environment with simulated funds. Paper trading users will have access to our pro-grade tools,whichcombine the power of AI,industry-leading technical charting capabilities,real-time quotes and ourrapidly expanding active trading community,"said Leaf Li,Futu's Founder,CEO and Chairman of the Technology Committee CEO. "To give back to the communityand elevate awareness of environmental and social good,users will be encouraged to invest in ESG-focused company stocks. We will also be awardingwinners of the competition with ESG-relatedstocks,such as Nvidia."

Registration begins on September 7,2021 and ends October 15,2021. The competition starts on September 20,2021 and ends six weeks later on October 29,2021. At the start of the competition,moomoo will offereach participant the virtual buying power of$200,000,and they will each compete for the best profit and loss percentage(P/L %)over the course of the competition.The competition will offer top performers up to $5,000 in ESG-related company stock prizes.*

moomoo and Benzinga have a shared vision for this competition—to help promote financial inclusion,educate investors and inspire social good by showing investors that what is good for the environment can also be good for your wallet. The competition will helpparticipants sharpen their trading skills and test-drive new investment strategiesthrough a user-friendly paper trading platform,without risking real money.Benzinga will help guide investors during the competition by offering tips and tricks to help build a strategic portfolio,while moomoo will providecompetitors with its smart stock trading platform,which offersinvestorsfreeeducationalcourses on stock trading within the "moo community."

"Benzinga's missionis to connect the world with news,data and education that makes the path to financial prosperity easier for everyone,every day,"said Jason Raznick,Benzinga's Founder. "The moomoo/Benzinga paper trading competition is an incredible opportunity to provide this kind of invaluable,hands-on education to investors,and we're honored to partner with a premier trading app like moomoo."

Participants can sign up for thepaper trading competition withinthe moomoo app. The totalprize pool isworth up to $10,000*,and prizesinclude stocks from Nvidia (NVDA) and Patterson Companies,Inc. (PDCO),both of which have anAAA ESG rating by Morgan Stanley Capital International (MSCI) standards. Winners need to have at least $500 in their Futu brokerage accounts through the moomoo app to be eligible to redeem prizes.

The first-place winner will receive24 NVDA stocks,valued at roughly $5,000. The second-place winner will be awarded 12 NVDA stocks.The third-place winner will receive four NVDA stocks. The fourth- through one hundredth-place winner will each receive one PDCO stock. Please see full rules and details at moomoo.

About Moomoo Inc.

Headquartered in Palo Alto,California,Moomoo Inc. is an indirect wholly-owned subsidiary of Futu Holdings Limited (Nasdaq: FUTU),with its mission to transform personal investing experience with an intuitive user interface,fully digitized trading platform in the US and globally. For more information about moomoo,please visit the company's official website,www.moomoo.com.

About Benzinga

Benzinga is a content ecosystem that makes information easier to consume. Their mission is to connect the world with news,every day. From breakouts to unusual volume,analyst ratings,futures and options,Benzinga is the leading full-service,one-stop shop for investors of all stripes and styles.

*Stock prices based on 09/01/2021

All amounts in U.S. dollars unless otherwise noted.

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