HONG
KONG, Jan. 29, 2024 /PRNewswire/ -- Lion
Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL),
operator of an all-in-one trading platform that offers a wide
spectrum of products and services, announced today that the
Company's newly launched and rising Over-The-Counter ("OTC") stock
options business has grown significantly in scale, setting a
foundation to become a leader in Hong
Kong's OTC options industry.
Lion is committed to providing high-quality and innovative
financial products and services. In the fourth quarter of 2023, the
Company's OTC options business revenue reached US$8 million (unaudited), a significant
increase in both nominal principle and transaction volume, with the
effect of significant accretion. Under sensitivity analysis, the
Company's OTC options business revenue is expected to reach between
US$45 and US$60 million in 2024. In terms of business
model, the Company has adopted an advanced electronic trading
platform to ensure the transparency and efficiency of each
transaction. At the same time, the Company relies on Lion's
professional risk management team, which is responsible for
real-time monitoring and evaluation of potential market risks,
ensuring transaction safety. In addition, Lion provides customers
with comprehensive personalized services, including customized
options portfolio development and risk management consulting, to
help investors achieve the best investment results.
Throughout the rapid development of the global OTC options
markets, as a derivative product of underlying securities
investment, stock options are an important supplement to equity
investment tools. Among global markets, the trading volume of
Hong Kong's derivatives market has
maintained a leading position. With the deepening reforms, the
gradual improvements to the framework of the Shanghai-Hong Kong
Stock Connect Program, and the opening up of quotas, Hong Kong's securities market has made
remarkable progress. Based in Hong
Kong, Lion is devoted to expanding securities-based
derivative products, providing investors with more abundant and
professional investment and risk management products and tools, to
build flexible and diverse investment portfolios, and achieve
various investment objectives.
Mr. Chunning (Wilson) Wang, CEO
of Lion, commented, "In recent years, we saw market participants'
demands for investment and risk hedging increase, and the trading
volume of the entire market's derivatives has grown rapidly. Since
the fourth quarter of last year, the Company's OTC options business
in Hong Kong began to increase
significantly and will become one of our main growth drivers in
2024 as well. Relying on the advantages of full licenses and
professional financial services, backed by the opening up of the
capital market environment in Hong
Kong, the global financial center, we are confident that we
can achieve our goal. Going forward, Lion will continue to focus on
product innovation and diversified development, and deeply
cultivate financial fields including fintech, Web3.0, and carbon
finance, etc., to achieve continuous improvement in profitability
and create meaningful value growth for shareholders and
investors."
About Lion
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in-one,
state-of-the-art trading platform that offers a wide spectrum of
products and services, including (i) total return service (TRS)
trading, (ii) contract-for-difference (CFD) trading, (iii)
insurance brokerage, and (iv) futures and securities brokerage. In
addition, Lion owns a professional and experienced SPAC sponsorship
team to become a leader in the SPAC arena, helping guide private
companies through their listing journey while creating value for
Lion itself. Additional information may be found at
http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Lion's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "might" and "continues," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, but are not
limited to, statements about: Lion's goals and strategies; our
ability to retain and increase the number of users, members and
advertising customers, and expand its service offerings; Lion's
future business development, financial condition and results of
operations; expected changes in Lion's revenues, costs or
expenditures; the impact of COVID-19; competition in the industry;
relevant government policies and regulations relating to our
industry; general economic and business conditions globally and in
China; and assumptions underlying
or related to any of the foregoing. Lion cautions that the
foregoing list of factors is not exclusive. Lion cautions readers
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made. Lion does not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions
or circumstances on which any such statement is based, subject to
applicable law. Additional information concerning these and other
factors that may impact our expectations and projections can be
found in Lion's periodic filings with the SEC, including Lion's
Annual Report on Form 20-F for the fiscal year ended December 31, 2022. Lion's SEC filings are
available publicly on the SEC's website at www.sec.gov.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.
