Effective September 5, 2022, the board of directors of the UP Fintech Holding Limited elected Mr. John Fei Zeng to the Board. The Board has appointed Mr. Zeng to serve on Compensation Committee and Nominating and Corporate Governance Committee. Mr. Zeng currently serves as the Company's Chief Financial Officer, a position he has held since October 2018. The compensation paid to Mr. Zeng and the Company's other executive officers and directors is described in Item 6.B of the Company's annual report on Form 20-F, filed with the Securities and Exchange Commission on April 28, 2022. Mr. Zeng will not receive any additional compensation in connection
with his role as a director of the Company.