Plutus Financial Group Limited's Business Segments

Plutus Financial Group Limited is a Cayman Islands holding company with operations primarily in Hong Kong through its indirect subsidiaries. Its key subsidiaries include Plutus Securities Limited, licensed by the Securities and Futures Commission of Hong Kong to conduct Type 1 regulated activities such as securities brokerage, margin financing, underwriting, and placing services. Plutus Asset Management Limited, another subsidiary, holds licenses for Type 4 (advising on securities) and Type 9 (asset management) regulated activities, providing investment advisory and asset management services. The company completed its initial public offering on February 6, 2025. All operations are based in Hong Kong and are subject to risks related to the interpretation and application of laws and regulations of the People’s Republic of China (PRC), including potential regulatory changes and oversight by PRC authorities. The company’s structure as a Cayman Islands holding company with Hong Kong operations involves risks, including the possibility that PRC authorities could disallow this structure, which may adversely affect operations and share value. As of the report date, the company’s operations and U.S. public offering have not been reviewed or approved by the Cyberspace Administration of China or the China Securities Regulatory Commission, though regulatory uncertainties remain due to potential rapid changes in PRC laws and policies.

The Company operates through three reportable segments: securities related services, asset management services, and money lending services. The securities related services segment earns commissions by providing securities dealing and brokerage, securities underwriting and placing, and other financing services. The asset management services segment generates fees from asset management and investment advisory services. The money lending services segment derives interest income from lending to corporations and individuals. All assets and revenues are based in Hong Kong. Financial performance data for the years ended December 31, 2023 and 2024 include revenues, expenses, other income, income or loss before income taxes, total assets, total liabilities, and net assets for each segment and the corporate entity.