Market Newsdesk

BEIJING, Aug. 20, 2026 (GLOBE NEWSWIRE) — Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s adult online education market and China’s adult personal interest learning market, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Financial and Operational Snapshots

• Net revenues were RMB406.4 million (US$59.9 million), compared to RMB539.0 million in the second quarter of 2025.
• Gross billings (non-GAAP) were RMB286.2 million (US$42.2 million), compared to RMB400.3 million in the second quarter of 2025.
• Gross profit was RMB349.2 million (US$51.5 million), compared to RMB469.4 million in the second quarter of 2025.
• Net income was RMB83.5 million (US$12.3 million), compared to RMB126.6 million in the second quarter of 2025.
• Net income margin¹ was 20.5%, compared to 23.5% in the second quarter of 2025.
• New student enrollments² were 95,280, compared to 159,154 in the second quarter of 2025.
• As of June 30, 2026, the Company’s deferred revenue balance was RMB433.5 million (US$63.9 million), compared to RMB585.3 million as of December 31, 2025.

___________________________

¹ Net income margin is defined as net income as a percentage of net revenues.

² New student enrollments for a given period refer to the total number of orders placed by students that newly enroll in at least one course during that period, including those students that enroll and then terminate their enrollment with us, excluding orders of our low-price courses, such as “mini courses” and “RMB1 courses”, which we offer in the form of recorded videos or short live streaming, to strengthen our competitiveness and improve customer experience.

Mr. Tongbo Liu, Chief Executive Officer of Sunlands, commented, “During the second quarter of 2026, we continued to refine our course offerings and customer acquisition activities in response to evolving learner needs. Our focus remained on strengthening the quality and sustainability of the business while continuing to improve operating efficiency. In May 2026, we announced a new share repurchase program, reflecting our confidence in the Company’s long-term prospects and intrinsic value. Looking ahead, we will continue to improve our products and services and pursue new opportunities at a measured pace.”

Mr. Hangyu Li, Finance Director of Sunlands, added, “In the second quarter of 2026, net revenues were RMB406.4 million and net income was RMB83.5 million, representing a net income margin of 20.5%. We delivered our 21st consecutive profitable quarter, supported by disciplined cost management, while gross billings per new student enrollment increased by 19.4% year-over-year. With a solid liquidity position, we retain the flexibility to invest selectively in courses, services and technology, advance our share repurchase program, and maintain prudent capital allocation.”

Financial Results for the Second Quarter of 2026

Net Revenues

In the second quarter of 2026, net revenues decreased by 24.6% to RMB406.4 million (US$59.9 million) from RMB539.0 million in the second quarter of 2025. The decrease was primarily due to the year-over-year decline in gross billings.

Cost of Revenues

Cost of revenues decreased by 17.9% to RMB57.2 million (US$8.4 million) in the second quarter of 2026 from RMB69.6 million in the second quarter of 2025. The decrease was mainly due to declined service fees paid to educational institutions.

Gross Profit

Gross profit decreased by 25.6% to RMB349.2 million (US$51.5 million) in the second quarter of 2026 from RMB469.4 million in the second quarter of 2025.

Operating Expenses

In the second quarter of 2026, operating expenses were RMB265.7 million (US$39.2 million), representing a 22.5% decrease from RMB342.6 million in the second quarter of 2025.

Sales and marketing expenses decreased by 24.5% to RMB228.4 million (US$33.7 million) in the second quarter of 2026 from RMB302.5 million in the second quarter of 2025. The decrease was mainly due to the decreases of compensation for sales personnel and the spending on branding and marketing activities focused on interest courses offerings.

General and administrative expenses decreased by 4.0% to RMB31.8 million (US$4.7 million) in the second quarter of 2026 from RMB33.2 million in the second quarter of 2025.

Product development expenses decreased by 20.8% to RMB5.5 million (US$0.8 million) in the second quarter of 2026 from RMB6.9 million in the second quarter of 2025. The decrease was mainly due to declined compensation expenses related to the Company’s product development personnel.

Net Income

Net income for the second quarter of 2026 was RMB83.5 million (US$12.3 million), as compared to RMB126.6 million in the second quarter of 2025.

Basic and Diluted Net Income Per Share

Basic and diluted net income per share was RMB12.58 (US$1.85) in the second quarter of 2026, as compared to RMB18.75 in the second quarter of 2025.

Cash, Cash Equivalents and Short-term Investments

As of June 30, 2026, the Company had RMB520.6 million (US$76.7 million) of cash, cash equivalents and RMB336.9 million (US$49.6 million) of short-term investments, as compared to RMB576.8 million of cash, cash equivalents and restricted cash and RMB235.9 million of short-term investments as of December 31, 2025.

Deferred Revenue

As of June 30, 2026, the Company had a deferred revenue balance of RMB433.5 million (US$63.9 million), as compared to RMB585.3 million as of December 31, 2025.

Share Repurchase

On May 29, 2026, the Company’s board of directors authorized a share repurchase program, under which the Company may repurchase up to US$50.0 million of Class A ordinary shares in the form of ADSs over the next 36 months. As of August 17, 2026, the Company had repurchased an aggregate of 680,353 ADSs for approximately US$2.3 million under the share repurchase program.

Financial Results for the First Six Months of 2026

Net Revenues

In the first six months of 2026, net revenues decreased by 17.5% to RMB847.0 million (US$124.8 million) from RMB1,026.6 million in the first six months of 2025. The decrease was primarily due to the year-over-year decline in gross billings.

Cost of Revenues

Cost of revenues decreased by 17.8% to RMB116.7 million (US$17.2 million) in the first six months of 2026 from RMB142.0 million in the first six months of 2025. The decrease was mainly due to declined cost of revenues from sales of goods such as learning materials and books and decreased service fees paid to educational institutions.

Gross Profit

Gross profit decreased by 17.5% to RMB730.3 million (US$107.6 million) from RMB884.7 million in the first six months of 2025.

Operating Expenses

In the first six months of 2026, operating expenses were RMB550.0 million (US$81.1 million), representing a 19.6% decrease from RMB683.8 million in the first six months of 2025.

Sales and marketing expenses decreased by 22.0% to RMB470.2 million (US$69.3 million) in the first six months of 2026 from RMB603.0 million in the first six months of 2025. The decrease was mainly due to the decreases of compensation for sales personnel and the spending on branding and marketing activities focused on interest courses offerings.

General and administrative expenses increased by 0.1% to RMB67.7 million (US$10.0 million) in the first six months of 2026 from RMB67.6 million in the first six months of 2025.

Product development expenses decreased by 8.3% to RMB12.1 million (US$1.8 million) in the first six months of 2026 from RMB13.2 million in the first six months of 2025.

Net Income

Net income for the first six months of 2026 was RMB160.3 million (US$23.6 million), compared with RMB201.8 million in the first six months of 2025.

Basic and Diluted Net Income Per Share

Basic and diluted net income per share was RMB24.05 (US$3.54) in the first six months of 2026, compared with RMB29.87 in the first six months of 2025.

Outlook

For the third quarter of 2026, Sunlands currently expects net revenues to be between RMB330 million to RMB350 million, which would represent a decrease of between 33.1% to 36.9% year-over-year. The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty.

Exchange Rate

The Company’s business is primarily conducted in China and all revenues are denominated in Renminbi (“RMB”). This announcement contains currency conversions of RMB amounts into U.S. dollars (“US$”) solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.7851 to US$1.00, the effective noon buying rate for June 30, 2026 as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2026, or at any other rate.

About Sunlands

Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), formerly known as Sunlands Online Education Group, is a leader in China’s adult online education market and China’s adult personal interest learning market. With a one to many live streaming platform, Sunlands offers various degree- or diploma-oriented post-secondary courses as well as professional certification preparation, professional skills and interest courses. Students can access the Company’s services either through PC or mobile applications. The Company’s online platform cultivates a personalized, interactive learning environment by featuring a virtual learning community and a vast library of educational content offerings that adapt to the learning habits of its students. Sunlands offers a unique approach to education research and development that organizes subject content into Learning Outcome Trees, the Company’s proprietary knowledge management system. Sunlands has a deep understanding of the educational needs of its prospective students and offers solutions that help them achieve their goals.

About Non-GAAP Financial Measures

We use gross billings, EBITDA, non-GAAP operating cost and expenses, non-GAAP income from operations and non-GAAP net income per share, each a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes.

We define gross billings for a specific period as the total amount of cash received for the sale of course packages, net of the total amount of refunds paid in such period. Our management uses gross billings as a performance measurement because we generally bill our students for the entire course tuition at the time of sale of our course packages and recognize revenue proportionally over a period. EBITDA is defined as net income excluding depreciation and amortization, interest expense, interest income, and income tax expenses. Adjusted EBITDA is defined as net income excluding depreciation and amortization, interest expense, interest income, income tax expenses and impairment loss on long-lived assets. We believe that gross billings, EBITDA and adjusted EBITDA provide valuable insight into the sales of our course packages and the performance of our business.

These non-GAAP financial measures should not be considered in isolation from, or as a substitute for, their most directly comparable financial measures prepared in accordance with GAAP. A reconciliation of the historical non-GAAP financial measures to their respective most directly comparable GAAP measure has been provided in the tables included below. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to their respective most directly comparable GAAP financial measures. As gross billings, EBITDA, adjusted EBITDA, operating cost and expenses excluding share-based compensation expenses, general and administrative expenses excluding share-based compensation expenses, sales and marketing expenses excluding share-based compensation expenses, product development expenses excluding share-based compensation expenses, income from operations excluding share-based compensation expenses, and basic and diluted net income per share excluding share-based compensation expenses have material limitations as an analytical metric and may not be calculated in the same manner by all companies, it may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider gross billings, EBITDA and adjusted EBITDA as a substitute for, or superior to, their respective most directly comparable financial measures prepared in accordance with GAAP. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Sunlands may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Sunlands’ beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Sunlands’ goals and strategies; its expectations regarding demand for and market acceptance of its brand and services; its ability to retain and increase student enrollments; its ability to offer new courses and educational content; its ability to improve teaching quality and students’ learning results; its ability to improve sales and marketing efficiency and effectiveness; its ability to engage, train and retain new faculty members; its future business development, results of operations and financial condition; its ability to maintain and improve technology infrastructure necessary to operate its business; competition in the online education industry in China; relevant government policies and regulations relating to Sunlands’ corporate structure, business and industry; and general economic and business condition in China. Further information regarding these and other risks, uncertainties or factors is included in Sunlands’ filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Sunlands does not undertake any obligation to update such information, except as required under applicable law.

For investor and media enquiries, please contact:

Sunlands Technology Group
Investor Relations
Email: [email protected]
SOURCE: Sunlands Technology Group

SUNLANDS TECHNOLOGY GROUP UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except for share and per share data, or otherwise noted)
		As of December 31,		As of June 30,
		2025		2026
		RMB		RMB		US$
ASSETS
Current assets
Cash and cash equivalents		575,740		520,635		76,732
Restricted cash		1,023		–		–
Short-term investments		235,937		336,876		49,649
Prepaid expenses and other current assets		82,566		93,852		13,832
Deferred costs, current		22,125		14,029		2,068
Total current assets		917,391		965,392		142,281
Non-current assets
Property and equipment, net		662,178		528,254		77,855
Intangible assets, net		250		95		14
Right-of-use assets		99,111		94,324		13,902
Deferred costs, non-current		10,643		6,502		958
Long-term investments		318,791		339,178		49,989
Deferred tax assets		19,104		17,149		2,527
Other non-current assets		19,750		18,274		2,693
Total non-current assets		1,129,827		1,003,776		147,938
TOTAL ASSETS		2,047,218		1,969,168		290,219
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
Current liabilities
Accrued expenses and other current liabilities		366,011		317,064		46,730
Deferred revenue, current portion		384,334		266,443		39,269
Lease liabilities, current portion		9,104		9,347		1,378
Total current liabilities		759,449		592,854		87,377

SUNLANDS TECHNOLOGY GROUP UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS-continued (Amounts in thousands, except for share and per share data, or otherwise noted)
		As of December 31,			As of June 30,
		2025			2026
		RMB			RMB			US$
Non-current liabilities
Deferred revenue, non-current portion		200,960			167,011			24,614
Lease liabilities, non-current portion		129,564			123,761			18,240
Deferred tax liabilities		5,786			9,596			1,414
Other non-current liabilities		7,392			6,650			980
Total non-current liabilities		343,702			307,018			45,248
TOTAL LIABILITIES		1,103,151			899,872			132,625
SHAREHOLDERS’ EQUITY
Class A ordinary shares (par value of US$0.00005, 796,062,195 shares
authorized; 3,131,807 and 3,131,807 shares issued as of December 31, 2025
and June 30, 2026, respectively; 2,538,047 and 2,227,653 shares
outstanding as of December 31, 2025 and June 30, 2026, respectively)		1			1			–
Class B ordinary shares (par value of US$0.00005, 826,389 shares
authorized; 826,389 and 826,389 shares issued and outstanding
as of December 31, 2025 and June 30, 2026, respectively)		–			–			–
Class C ordinary shares (par value of US$0.00005, 203,111,416 shares
authorized; 3,332,062 and 3,332,062 shares issued and outstanding
as of December 31, 2025 and June 30, 2026, respectively)		1			1			–
Treasury stock		–			–			–
Statutory reserves		22,440			22,440			3,307
Accumulated deficit		(1,486,011	)		(1,325,704	)		(195,385	)
Additional paid-in capital		2,287,553			2,273,605			335,088
Accumulated other comprehensive income		121,570			100,440			14,803
Total Sunlands Technology Group shareholders’ equity		945,554			1,070,783			157,813
Non-controlling interest		(1,487	)		(1,487	)		(219	)
TOTAL SHAREHOLDERS’ EQUITY		944,067			1,069,296			157,594
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		2,047,218			1,969,168			290,219

SUNLANDS TECHNOLOGY GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except for share and per share data, or otherwise noted)
		For the Three Months Ended June 30,
		2025			2026
		RMB			RMB			US$
Net revenues		539,015			406,367			59,891
Cost of revenues		(69,641	)		(57,201	)		(8,430	)
Gross profit		469,374			349,166			51,461
Operating expenses
Sales and marketing expenses		(302,527	)		(228,378	)		(33,659	)
Product development expenses		(6,946	)		(5,498	)		(810	)
General and administrative expenses		(33,150	)		(31,811	)		(4,688	)
Total operating expenses		(342,623	)		(265,687	)		(39,157	)
Income from operations		126,751			83,479			12,304
Interest income		6,734			5,753			848
Interest expense		(273	)		–			–
Other income, net		7,240			8,314			1,225
Gain on disposal of subsidiaries		–			661			97
Income before income tax expenses
and loss from equity method investments		140,452			98,207			14,474
Income tax expenses		(13,550	)		(14,158	)		(2,087	)
Loss from equity method investments		(257	)		(589	)		(87	)
Net income		126,645			83,460			12,300
Less: Net loss attributable to non-controlling interest		–			–			–
Net income attributable to Sunlands Technology Group		126,645			83,460			12,300
Net income per share attributable to ordinary shareholders of
Sunlands Technology Group:
Basic and diluted		18.75			12.58			1.85
Weighted average shares used in calculating net income
per ordinary share:
Basic and diluted		6,753,895			6,633,622			6,633,622

SUNLANDS TECHNOLOGY GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in thousands)
		For the Three Months Ended June 30,
		2025			2026
		RMB			RMB			US$
Net income		126,645			83,460			12,300
Other comprehensive (loss)/gain, net of tax effect of nil:
Change in cumulative foreign currency translation adjustments		(7,885	)		(12,510	)		(1,844	)
Unrealized gain on available-for-sale investments, net of tax effect of nil		11,311			6,510			959
Total comprehensive income		130,071			77,460			11,415
Less: comprehensive income attributable to non-controlling interest		–			–			–
Comprehensive income attributable to Sunlands Technology Group		130,071			77,460			11,415

SUNLANDS TECHNOLOGY GROUP RECONCILIATION OF GAAP AND NON-GAAP RESULTS (Amounts in thousands)
		For the Three Months Ended June 30,
		2025			2026
		RMB			RMB
Net revenues		539,015			406,367
Less: other revenues		(60,566	)		(51,826	)
Add: tax and surcharges		19,761			12,928
Add: ending deferred revenue		814,277			433,454
Add: ending refund liability		77,942			43,368
Less: beginning deferred revenue		(891,617	)		(500,548	)
Less: beginning refund liability		(98,516	)		(57,553	)
Gross billings (non-GAAP)		400,296			286,190
Net income		126,645			83,460
Add: income tax expenses		13,550			14,158
Add: depreciation and amortization		7,205			4,783
Add: interest expense		273			–
Less: interest income		(6,734	)		(5,753	)
EBITDA (non-GAAP)		140,939			96,648
Add: Impairment loss on long-lived assets		–			–
Adjusted EBITDA (non-GAAP)		140,939			96,648

SUNLANDS TECHNOLOGY GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except for share and per share data, or otherwise noted)
		For the Six Months Ended June 30,
		2025			2026
		RMB			RMB			US$
Net revenues		1,026,640			847,027			124,836
Cost of revenues		(141,977	)		(116,740	)		(17,205	)
Gross profit		884,663			730,287			107,631
Operating expenses
Sales and marketing expenses		(602,971	)		(470,238	)		(69,305	)
Product development expenses		(13,188	)		(12,092	)		(1,782	)
General and administrative expenses		(67,609	)		(67,680	)		(9,975	)
Total operating expenses		(683,768	)		(550,010	)		(81,062	)
Income from operations		200,895			180,277			26,569
Interest income		12,141			10,973			1,617
Interest expense		(680	)		–			–
Other income, net		13,857			12,955			1,909
Gain on disposal of subsidiaries		–			661			97
Income before income tax expenses
and loss from equity method investments		226,213			204,866			30,192
Income tax expenses		(23,324	)		(42,963	)		(6,332	)
Loss from equity method investments		(1,068	)		(1,596	)		(235	)
Net income		201,821			160,307			23,625
Less: Net loss attributable to non-controlling interest		–			–			–
Net income attributable to Sunlands Technology Group		201,821			160,307			23,625
Net income per share attributable to ordinary shareholders of
Sunlands Technology Group:
Basic and diluted		29.87			24.05			3.54
Weighted average shares used in calculating net income
per ordinary share:
Basic and diluted		6,756,532			6,664,889			6,664,889

SUNLANDS TECHNOLOGY GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in thousands)
		For the Six Months Ended June 30,
		2025			2026
		RMB			RMB			US$
Net income		201,821			160,307			23,625
Other comprehensive (loss)/gain, net of tax effect of nil:
Change in cumulative foreign currency translation adjustments		(11,481	)		(21,666	)		(3,193	)
Unrealized gain on available-for-sale investments, net of tax effect of nil		52			536			79
Total comprehensive income		190,392			139,177			20,511
Less: comprehensive income attributable to non-controlling interest		–			–			–
Comprehensive income attributable to Sunlands Technology Group		190,392			139,177			20,511

SUNLANDS TECHNOLOGY GROUP RECONCILIATION OF GAAP AND NON-GAAP RESULTS (Amounts in thousands)
		For the Six Months Ended June 30,
		2025			2026
		RMB			RMB
Net revenues		1,026,640			847,027
Less: other revenues		(119,486	)		(112,355	)
Add: tax and surcharges		42,051			29,151
Add: ending deferred revenue		814,277			433,454
Add: ending refund liability		77,942			43,368
Less: beginning deferred revenue		(916,510	)		(585,294	)
Less: beginning refund liability		(112,342	)		(64,393	)
Gross billings (non-GAAP)		812,572			590,958
Net income		201,821			160,307
Add: income tax expenses		23,324			42,963
Add: depreciation and amortization		14,423			11,953
Add: interest expense		680			–
Less: interest income		(12,141	)		(10,973	)
EBITDA (non-GAAP)		228,107			204,250
Add: Impairment loss on long-lived assets		–			–
Adjusted EBITDA (non-GAAP)		228,107			204,250

HONG KONG, Aug. 20, 2026 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Operational Highlights

• Total number of
  funded
  account
  s
  ¹ increased 33.6% year-over-year to 3,842,667 as of June 30, 2026.
• Total number of
  brokerage account
  s
  ² increased 26.6% year-over-year to 6,639,583 as of June 30, 2026.
• Total number of users
  ³ increased 15.2% year-over-year to 31.3 million as of June 30, 2026.
• Total client assets increased 43.6% year-over-year to HK$1.40 trillion as of June 30, 2026.
• Daily average client assets were HK$1.39 trillion in the second quarter of 2026, an increase of 55.6% from the same period in 2025.
• Total trading volume in the second quarter of 2026 increased by 78.8% year-over-year to HK$6.42 trillion, in which trading volume for U.S. stocks was HK$5.02 trillion, and trading volume for Hong Kong stocks was HK$1.17 trillion.
• Margin financing and securities lending balance increased 85.1% year-over-year to HK$95.1 billion as of June 30, 2026.

Second Quarter 2026 Financial Highlights 

• Total revenues increased 35.6% year-over-year to HK$7,200.2 million (US$918.2 million). 
• Total gross profit increased 33.9% year-over-year to HK$6,214.8 million (US$792.5 million).
• Net income increased 41.6% year-over-year to HK$3,641.9 million (US$464.4 million). 
• Non-GAAP adjusted net income⁴ increased 40.1% year-over-year to HK$3,725.1 million (US$475.0 million). 

Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “In the second quarter, we added 252 thousand net new funded accounts, bringing total funded accounts to 3.8 million, up 33.6% year-over-year. Growth in funded accounts this quarter was supported by continued momentum across our international markets, reinforcing the diversification of our client base. Malaysia led new funded account additions for the third consecutive quarter. Hong Kong and Singapore followed as key contributors, with new client cohorts in both markets demonstrating stronger initial monetization compared with prior periods, a signal of ongoing quality improvement in our more established markets.”

“Total client assets were HK$1.40 trillion as of quarter end, up 43.6% year-over-year and 14.5% quarter-over-quarter. The growth was mainly attributable to higher market valuation of clients’ stock holdings, and to a lesser extent, net asset inflow. Margin financing and securities lending balance rose 30.5% quarter-over-quarter to HK$95.1 billion, driven by an active Hong Kong IPO market, alongside upbeat sentiment that fueled higher utilization of leverage.”

“Total trading volume reached a record HK$6.42 trillion, up 78.8% year-over-year and 54.6% quarter-over-quarter, supported by a meaningful acceleration in U.S. stock trading activity. U.S. stock trading volume rose 67.2% sequentially to HK$5.02 trillion, driven by heightened client interest in semiconductor and other AI value chain names. Hong Kong stock trading volume grew 15.9% quarter-over-quarter to HK$1.17 trillion, reflecting client engagement in semiconductor, China internet, and newly listed AI names.”

“Total client assets in wealth management increased 10.4% year-over-year and 1.0% quarter-over-quarter to HK$180.2 billion, primarily supported by growth in equity fund holdings amid strong global equity market performance. In Hong Kong, we added new global equity mutual funds to our platform and expanded thematic investor engagement around frontier areas such as the space economy. In Singapore, we further broadened our fund shelf with new local equity strategies aligned with the country’s capital markets development priorities.”

“As of quarter end, we cumulatively served 683 IPO distribution and IR clients, up 32.1% year-over-year. Against a robust Hong Kong IPO backdrop, we provided investment banking services to nearly 60% of new listings during the quarter, including those of Star Sports Medicine, Lightelligence, and Metis TechBio.”

“In recent months, we made meaningful progress across our global franchise. In June, Moomoo launched Prediction Markets in the U.S., broadening the ways our clients can engage with financial markets and real-world developments, driving active client participation. Futu Securities also received SFC approval to launch a virtual asset financing service through our proprietary trading platform PantherTrade, further expanding our product runway within Hong Kong’s evolving virtual asset framework. In July, we obtained a Type A license from the Thailand Securities and Exchange Commission, positioning us to launch Moomoo Thailand and further extend our footprint across Southeast Asia. Together, these developments deepen the product breadth and expand the geographic reach of our platform for global investors.”

Mr. Arthur Yu Chen, Futu’s Chief Financial Officer, added, “As of June 30, 2026, we have repurchased approximately 3.8 million ADSs for an aggregate consideration of approximately US$418 million in open market transactions in accordance with the authorization under the current share repurchase program.”

Second Quarter 2026 Financial Results

Revenues

Total revenues were HK$7,200.2 million (US$918.2 million), an increase of 35.6% from HK$5,310.9 million in the second quarter of 2025. 

Brokerage commission and handling charge income was HK$3,360.6 million (US$428.5 million), an increase of 30.3% from the second quarter of 2025. This was mainly due to higher trading volume, partially offset by a decline in blended commission rate. 

Interest income was HK$3,123.8 million (US$398.3 million), an increase of 36.5% from the second quarter of 2025. The increase was mainly driven by higher interest income from margin financing and bank deposit. 

Other income was HK$715.8 million (US$91.3 million), an increase of 61.2% from the second quarter of 2025. The increase was primarily attributable to higher currency exchange income and IPO financing service income. 

Costs

Total costs were HK$985.4 million (US$125.7 million), an increase of 46.9% compared to HK$670.9 million in the second quarter of 2025. 

Brokerage commission and handling charge expenses were HK$247.5 million (US$31.6 million), an increase of 54.1% from the second quarter of 2025. The increase was primarily due to higher trading volume.

Interest expenses were HK$512.9 million (US$65.4 million), an increase of 35.8% from the second quarter of 2025. The increase was primarily due to higher expenses associated with our margin financing. 

Processing and servicing costs were HK$225.0 million (US$28.7 million), an increase of 69.6% from the second quarter of 2025. The increase was primarily due to increasing cloud service fees in AI capabilities. 

Gross Profit

Total gross profit was HK$6,214.8 million (US$792.5 million), an increase of 33.9% from HK$4,639.9 million in the second quarter of 2025. Gross margin was 86.3%, as compared to 87.4% in the second quarter of 2025. 

Operating Expenses

Total operating expenses were HK$1,751.3 million (US$223.3 million), an increase of 35.1% from HK$1,296.0 million in the second quarter of 2025. 

Research and development expenses were HK$501.0 million (US$63.9 million), an increase of 13.4% from the second quarter of 2025. This was primarily driven by increased investment in strategic initiatives.

Selling and marketing expenses were HK$657.1 million (US$83.8 million), an increase of 53.1% from HK$429.1 million in the second quarter of 2025. This was driven by the increase of new funded accounts. 

General and administrative expenses were HK$593.1 million (US$75.6 million), an increase of 39.6% from the second quarter of 2025. The increase was primarily due to an increase in general and administrative personnel to support business development.

Income from Operations

Income from operations increased by 33.5% to HK$4,463.5 million (US$569.2 million) from HK$3,344.0 million in the second quarter of 2025. Operating margin declined to 62.0% from 63.0% in the second quarter of 2025. 

Net Income

Net income increased by 41.6% to HK$3,641.9 million (US$464.4 million) from HK$2,572.6 million in the second quarter of 2025. Net income margin for the second quarter of 2026 increased to 50.6% from 48.4% in the year-ago quarter.

Non-GAAP adjusted net income increased by 40.1% to HK$3,725.1million (US$475.0 million) from the second quarter of 2025. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. For further information, see “Use of Non-GAAP Financial Measures” at the bottom of this press release.

Net Income per ADS

Basic net income per American Depositary Share (“ADS”) was HK$26.32 (US$3.36), compared with HK$18.48 in the second quarter of 2025. Diluted net income per ADS was HK$26.08 (US$3.33), compared with HK$18.24 in the second quarter of 2025. Each ADS represents eight Class A ordinary shares.

Conference Call and Webcast

Futu’s management will hold an earnings conference call on Thursday, August 20, 2026, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

Please note that all participants will need to pre-register for the conference call, using the link

https://register-conf.media-server.com/register/BIc3f2e0e4bf004756b6d281e81ca215dd

It will automatically lead to the registration page of “Futu Holdings Ltd First Quarter 2026 Earnings Conference Call”, where details for RSVP are needed.

Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/.

About Futu Holdings Limited

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses non-GAAP adjusted net income, a non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted net income as net income excluding share-based compensation expenses. The Company presents the non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income enables the management to assess the Company’s operating results without considering the impact of share-based compensation expenses, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors’ assessment of its operating performance.

Non-GAAP adjusted net income is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using non-GAAP adjusted net income is that it does not reflect all items of expense that affect the Company’s operations. Share-based compensation expenses have been and may continue to be incurred in the business and is not reflected in the presentation of non-GAAP adjusted net income. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance.

For more information on this non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain HK dollars (“HK$”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.8420 to US$1.00, the noon buying rate in effect on June 30, 2026 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from the management team of the Company, contain forward-looking statements. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its credit products; Futu’s expectations regarding keeping and strengthening its relationships with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor inquiries, please contact:

Investor Relations
Futu Holdings Limited
[email protected]

_________________

¹ The number of funded accounts refers to the number of brokerage accounts with Futu that have a positive account balance. Multiple funded accounts by one client are counted as one funded account.
² Multiple brokerage accounts by one client are counted as one brokerage account.
³ The number of users refers to the number of user accounts registered with Futu.
⁴ Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses.

FUTU HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data)
	As of December 31,		As of June 3 0,
	2025		2026		2026
	HK$		HK$		US$
ASSETS
Cash and cash equivalents	10,465,888		18,380,950		2,343,911
Cash held on behalf of clients	113,398,356		135,824,565		17,320,143
Restricted cash	2,510		110,479		14,088
Term deposit	–		202,212		25,786
Short-term investments	6,688,871		6,612,010		843,154
Securities purchased under agreements to resell	507,767		451,189		57,535
Loans and advances-current (net of allowance of HK$374,604 thousand and HK$1,212,916 thousand as of December 31, 2025 and June 30, 2026, respectively)	64,607,370		91,875,630		11,715,842
Receivables:
Clients	838,521		817,675		104,269
Brokers	18,459,373		22,416,500		2,858,518
Clearing organizations	5,522,472		6,455,474		823,192
Fund management companies and fund distributors	1,997,086		514,423		65,598
Interest	852,186		950,861		121,252
Amounts due from related parties	6,780		5,100		650
Prepaid assets	77,960		151,625		19,335
Other current assets	225,478		450,466		57,445
Total current assets	223,650,618		285, 219,159		36,3 70,718
Operating lease right-of-use assets	569,939		698,407		89,060
Long-term investments	615,220		921,141		117,463
Loans and advances-non-current	139,668		67,002		8,544
Other non-current assets	3,461,431		5,701,904		727,096
Total non-current assets	4,786,258		7,388,454		942,163
Total assets	228,436,876		292, 607,613		37, 312,881

LIABILITIES
Amounts due to related parties	67,143			130,170			16,599
Payables:
Clients	125,249,957			145,416,920			18,543,345
Brokers	38,678,396			66,150,701			8,435,438
Clearing organizations	750,964			5,119,024			652,770
Fund management companies and fund distributors	1,277,467			165,342			21,084
Interest	62,527			103,922			13,252
Borrowings	12,143,237			15,735,475			2,006,564
Securities sold under agreements to repurchase	4,743,096			11,844,449			1,510,386
Lease liabilities-current	200,089			211,910			27,022
Accrued expenses and other current liabilities	4,527,129			7,842,828			1,000,105
Total current liabilities	187,700,005			252, 720,741			32,22 6,565
Lease liabilities-non-current	393,843			527,530			67,272
Other non-current liabilities	21,906			154,873			19,749
Total non-current liabilities	415,749			682,403			87,021
Total liabilities	188,115,754			253, 403,144			32,3 13,586
SHAREHOLDERS’ EQUITY
Class A ordinary shares	73			61			8
Class B ordinary shares	27			27			3
Additional paid-in capital	19,158,175			14,096,984			1,797,626
Treasury Stock	(5,199,257	)		(3,275,796	)		(417,725	)
Accumulated other comprehensive income	51,503			426,150			54,342
Retained earnings	25,990,667			27,629,264			3,523,243
Total shareholders’ equity	40,001,188			38,876,690			4,957,497
Non-controlling interests	319,934			327,779			41,798
Total equity	40,321,122			39,204,469			4,999,295
Total liabilities and equity	228,436,876			292, 607,613			37, 312,881

FUTU HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands, except for share and per share data)
	For the T hree Months Ended									For the Six Months Ended
	June 30, 202 5			June 30, 202 6			June 30, 202 6			June 30, 202 5			June 30, 202 6			June 30, 202 6
	HK$			HK$			US$			HK$			HK$			US$
Revenues
Brokerage commission and handling charge income	2,578,602			3,360,646			428,545			4,888,822			6,002,080			765,376
Interest income	2,288,156			3,123,775			398,339			4,358,625			5,774,009			736,293
Other income	444,132			715,793			91,276			758,080			1,280,115			163,238
Total revenues	5,310,890			7,200,214			918,160			10,005,527			13,056,204			1,664,907
Costs
Brokerage commission and handling charge expenses	(160,597	)		(247,503	)		(31,561	)		(304,102	)		(411,977	)		(52,535	)
Interest expenses	(377,629	)		(512,877	)		(65,401	)		(846,962	)		(927,564	)		(118,282	)
Processing and servicing costs	(132,716	)		(225,033	)		(28,696	)		(268,831	)		(395,153	)		(50,389	)
Total costs	(6 70 , 942	)		(985,413	)		(125,658	)		(1,41 9 , 895	)		(1,734,694	)		(221,206	)
Total gross profit	4,6 39 , 948			6,214,801			792,502			8,58 5 , 632			11,321,510			1,443,701
Operating expenses
Research and development expenses	(441,925	)		(501,021	)		(63,889	)		(827,904	)		(979,901	)		(124,955	)
Selling and marketing expenses	(429,132	)		(657,127	)		(83,796	)		(888,334	)		(1,213,878	)		(154,792	)
General and administrative expenses	(424,908	)		(593,112	)		(75,633	)		(840,153	)		(1,134,029	)		(144,610	)
Total operating expenses	(1,29 5 , 965	)		(1,751,260	)		(223,318	)		(2,55 6 , 391	)		(3,327,808	)		(424,357	)
Income from operations	3,343,983			4,463,541			569,184			6,029,241			7,993,702			1,019,344
Others, net	(168,114	)		(188,648	)		(24,056	)		(188,712	)		(2,322,072	)		(296,107	)
Income before income tax expense and share of (loss)/gain from equity method investments	3,175,869			4,274,893			545,128			5,840,529			5,671,630			723,237
Income tax expense	(579,809	)		(698,375	)		(89,056	)		(1,070,768	)		(1,305,359	)		(166,457	)
Share of (loss)/gain from equity method investments	(23,500	)		65,338			8,332			(54,497	)		106,570			13,590
Net income	2,572,560			3,641,856			464,404			4,715,264			4,472,841			570,370
Attributable to:
Ordinary shareholders of the Company	2,574,209			3,646,775			465,031			4,719,532			4,497,325			573,492
Non-controlling interests	(1,649	)		(4,919	)		(627	)		(4,268	)		(24,484	)		(3,122	)
	2,572,560			3,641,856			464,404			4,715,264			4,472,841			570,370

Net income per share attributable to ordinary shareholders of the Company
Basic	2.31			3.29			0.42			4.24			4.03			0.51
Diluted	2.28			3.26			0.42			4.19			3.99			0.51
Net income per ADS
Basic	18.48			26.32			3.36			33.92			32.24			4.11
Diluted	18.24			26.08			3.33			33.52			31.92			4.07
Weighted average number of ordinary shares used in computing net income per share
Basic	1,114,047,038			1,109,913,839			1,109,913,839			1,113,738,611			1,115,651,677			1,115,651,677
Diluted	1,128,991,818			1,120,132,347			1,120,132,347			1,127,802,882			1,126,861,434			1,126,861,434
Net income	2,572,560			3,641,856			464,404			4,715,264			4,472,841			570,370
Other comprehensive income /(loss) , net of tax
Changes in the fair value of financial assets	–			(3,233	)		(412	)		–			(15,392	)		(1,963	)
Foreign currency translation adjustment	327,589			125,697			16,029			392,804			386,179			49,245
Total comprehensive income	2,900,149			3,764,320			480,021			5,108,068			4,843,628			617,652
Attributable to:
Ordinary shareholders of the Company	2,902,320			3,769,417			480,671			5,112,872			4,871,972			621,266
Non-controlling interests	(2,171	)		(5,097	)		(650	)		(4,804	)		(28,344	)		(3,614	)
	2,900,149			3,764,320			480,021			5,108,068			4,843,628			617,652

FUTU HOLDINGS LIMITED UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS (In thousands)
	For the T hree Months Ended						For the Six Months Ended
	June 30, 202 5		June 30, 202 6		June 30, 202 6		June 30, 202 5		June 30, 202 6		June 30, 202 6
	HK$		HK$		US$		HK$		HK$		US$
Net income	2 , 572 , 560		3,641,856		464,404		4 , 715 , 264		4,472,841		570,370
Add: Share-based compensation expenses	87,254		83,253		10,616		161,453		171,799		21,908
Adjusted net income	2 , 659 , 814		3,725,109		475,020		4 , 876 , 717		4,644,640		592,278

Non-GAAP to GAAP reconciling items have no income tax effect. 

GUANGZHOU, China, Aug. 20, 2026 (GLOBE NEWSWIRE) — EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), a world-leading advanced air mobility (“AAM”) technology platform company, today announced a strategic cooperation framework agreement of intent with China Construction Sixth Engineering Bureau Corp., Ltd. (“CSCEC Sixth Engineering Bureau”), a top-tier state-owned infrastructure giant in China. The partnership intends to focus on low-altitude infrastructure development and operational scenario planning. The Cross-Sea Low-Altitude Corridor Project in Lingao, Hainan (the “Project”) marks the first project to break ground under the partnership, aiming to establish a closed-loop low altitude economy ecosystem that integrates infrastructure and commercial operations.

Under the framework agreement, China Construction Sixth Engineering Bureau will draw on its industrial chain strengths and state-owned enterprise resources to jointly develop low‑altitude infrastructure such as general aviation airports, eVTOL vertiports and hangars tailored for low‑altitude flight operations and project planning and implementation. EHang, in turn, will deploy its core expertise in R&D, airworthiness certification and operations of pilotless passenger‑grade eVTOLs, providing aircraft alongside supporting operational and technical solutions.

The Project, as the first implementation of the partnership, has officially commenced construction, with Hainan Fuma General Aviation, a client and partner of EHang, as the project owner, CSCEC Sixth Engineering Bureau as the main constructor and EHang providing joint planning of infrastructure and operational sites, aircraft, operational services and technical support.

Centered around the Maniao General Aviation Airport, the Project will develop multiple eVTOL operational sites and vertiports along Lingao’s coastline, with plans to implement point-to-point passenger eVTOL routes and cross-sea shuttle services. The first key flight station, the WingHub South Sea, is taking shape and will include an operations and exhibition center, vertiports compatible with EHang’s pilotless eVTOL aircraft, and testing zones. The center’s application rollout will be implemented in phases: starting from offering aerial sightseeing, low-altitude logistics, training, and testing, followed by expansion to cross-sea passenger transport.

In December 2025, EH216-S completed a 22-kilometer cross-sea flight across the Qiongzhou Strait in 18 minutes, from Haikou in Hainan to Xuwen Port in Guangdong, validating the technical capabilities and efficiency of pilotless eVTOLs in cross-sea applications.

Hainan’s 15th Five-Year Comprehensive Transportation Plan calls for the development of island-wide and cross-sea low-altitude route networks, as well as upgrades of general aviation airports and construction of low-altitude vertical takeoff and landing infrastructure. The Maniao General Aviation Airport in Lingao has been included among 36 major low-altitude infrastructure projects of Hainan’s 15th Five-Year plan. Upon completion, the airport is expected to support point-to-point eVTOL flights between Lingao in Hainan and Xuwen in Guangdong, serving as the key base of an “aerial express corridor” across the inter-provincial Qiongzhou Strait.

A representative of CSCEC Sixth Engineering Bureau, stated, “As a strategic emerging industry and an important area of future development, the low-altitude economy is becoming an important driver of new quality productive forces and urban development. We will leverage its strengths in engineering construction, infrastructure investment and urban development to work with EHang, a leading eVTOL enterprise, on low-altitude infrastructure and application scenarios, supporting the standardized and high-quality development of the low-altitude economy in China.”

Zhao Wang, Chief Operating Officer of EHang, said, “With our pilotless human-carrying eVTOL aircraft that have met the technical and airworthiness requirements for commercial operations, infrastructure remains a critical enabler for scaling real-world applications. Our strategic partnership with CSCEC Sixth Engineering Bureau will bring together infrastructure development capabilities and EHang’s pilotless eVTOL technology to accelerate the build-out of AAM operational infrastructure and flight route network. Starting with the Project in Lingao, Hainan, EHang will work with CSCEC Sixth Engineering Bureau from infrastructure planning through operation launch. We look forward to applying this integrated approach to more cities and regions.”

(Image: EHang and CSCEC Sixth Engineering Bureau Sign Strategic Cooperation Framework Agreement)

(Image: Conceptual Planning Rendering of the WingHub South Sea)

About EHang

EHang (Nasdaq: EH) is the world’s leading advanced air mobility (“AAM”) technology platform company, committed to making safe, autonomous, and eco-friendly air mobility accessible to everyone. The company develops and manufactures a diversified portfolio of pilotless electric vertical take-off and landing (“eVTOL”) aircraft for a wide range of use cases, including aerial tourism, intra-city transport, intercity travel, logistics and emergency firefighting. Its flagship model, EH216-S, has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China, and is now commercially operated under the country’s first Air Operator Certificates for human-carrying eVTOL services. Complementing this, EHang’s VT35 expands its reach into long-range and intercity scenarios, supporting the development of a multi-tiered low-altitude mobility network. By integrating advanced autonomous technologies with scalable operational infrastructure, EHang is redefining how people and goods move—across cities, regions, and natural barriers—shaping the future of air mobility. For more information, please visit www.ehang.com.

About CSCEC Sixth Engineering Bureau

China Construction Sixth Engineering Bureau Corp., Ltd. (“CSCEC Sixth Engineering Bureau”) is a core member of China State Construction Engineering Corporation, a Fortune Global 500 company. With registered capital of RMB6.278 billion, the company holds top-tier qualifications in building construction, municipal engineering and highway construction, and first-class qualifications in water conservancy, river and lake management and real estate development. Its core businesses include infrastructure, high-end building construction and real estate. The company provides integrated services covering planning, investment, design, construction, operations and technical consulting, with a focus on developing capabilities across the full project lifecycle.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Investor Contact: [email protected]
Media Contact: [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/5981942a-774d-412d-9c50-5b89ec9b17e0

https://www.globenewswire.com/NewsRoom/AttachmentNg/e552bef3-6662-4355-97ef-e663eefb9dd3