Technology's US-based users.

As the platform grew, it restructured to prepare for a potential overseas listing of its shares by establishing Webull Corporation as its ultimate parent company and potential listing vehicle in September 2019. As part of the reorganization, Fumi Technology was used as a variable interest entity to hold Webull Corporation's overseas operations. In 2022, Webull Corporation dissolved the variable interest entity structure, and as a result Fumi Technology was moved outside of the Webull Group. Today, Fumi Technology operates as a software developer and technology support provider, supporting Webull's China-based entities as an outside third-party, and has no equity interests in or control over Webull Corporation, any of its affiliates or their operations.