HONG
KONG, May 23, 2024 /PRNewswire/ -- Lion Group
Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the operator
of an all-in-one trading platform that offers a wide spectrum of
products and services, today announced its plan to utilize and
explore cutting-edge AI technologies, including OpenAI's latest
flagship model GPT-4o, to enhance the AI capabilities of Lion's
core business products and services. By actively seizing the
opportunities presented by AI, Lion aims to accelerate the
construction of a development ecosystem based on finance,
technology, and digitalization.
For a long time, Lion has been dedicated to empowering investors
through technological innovation, providing higher quality products
and services to users worldwide. Through in-house development and
integration of market-leading AI technology models, Lion aims to
significantly reduce operational costs and inefficiencies in
technological capabilities and software applications, such as
intelligent customer service, smart account opening, data
retrieval, and advisory services. This will enhance the intelligent
trading experience while offering significant pricing advantages
for related products and services.
In addition, building a highly skilled and professional
technical team is one of Lion's key development strategies. This
team includes software development engineers, intelligent robot
R&D engineers, algorithm engineers, AI operations engineers,
and visual and interaction designers. Investing in and supporting
human resources is also the key to Lion's deep AI tech-empowered
core fintech business products and service delivery.
Mr. Chunning (Wilson) Wang, CEO
of Lion, commented, "Technology is the key driver of Lion's
advanced development and innovation. As one of the leading
catalysts driving innovation in fintech services, Lion is committed
to enhancing investment efficiency through technological
breakthroughs, creating comprehensive and professional intelligent
trading experiences for users. This helps bolster investors'
confidence in the investment process and encourages more investors
to actively participate in the capital markets. We believe that as
AI intensifies, the deep utilization of pioneering technologies
like ChatGPT could potentially become the next growth pillar, with
the capability to enhance various aspects of Lion's operations,
boost revenue, and improve profit margins. Meanwhile, benefiting
from a diversified development strategy, Lion will continue to
focus on building a robust and imaginative business ecosystem,
providing customers with superior product experiences and services,
and creating meaningful value growth for shareholders."
About Lion Group Holding Ltd.
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) Hong Kong-based
over-the-counter (OTC) stock options trading, 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. Additional information may be found
at http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. These forward-looking statements are made under the
"safe harbor" provisions of the U.S. 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, 2023. Lion's
SEC filings are available publicly on the SEC's website at
www.sec.gov.
Contacts
Lion Group Holding Ltd.
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
New York
Skyline Corporate Communications Group, LLC
Scott Powell, President
Tel: (646) 893-5835
Email: info@skylineccg.com
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SOURCE Lion Group Holding Ltd.
