BlockBeats News, July 24th, according to Caixin, in the highly publicized Futu Holdings and Tiger Securities US stock options insider trading case, two defendants had previously appeared, one individual and one institutional investor, and now a third defendant has emerged seeking to unfreeze assets. According to a declaration submitted to a US court on July 23rd, the third defendant to surface is Yang Jingyao, whose Chinese name is 杨敬尧 and has been a Hong Kong resident since 2020. Yang Jingyao claims that "his personal assets far exceed his personal debts" and that he "has no outstanding debt to repay." According to public filings from the Hong Kong Stock Exchange, the single largest shareholder of the Hong Kong-listed company Honor State International and the offeror of a previous mandatory general offer is also named "Yang Jingyao."

HKEX documents show that Yang Jingyao of Honor State International is 32 years old and his mother is a wealthy individual from mainland China. Described as a businessman and private investor, Yang Jingyao has long invested in listed securities, IT companies, startups, and other financial assets through brokers and wholly-owned private investment firms established in Hong Kong and the British Virgin Islands. However, there is currently no public evidence to suggest that the securities accounts or funds involved in the US court restraining order are related to the failure of the Honor State International offer.