Woofun AI reports that a third defendant, identified as Yang Jingyao, has appeared in the insider trading case involving US stock options of Futu Holdings and UP Fintech (Tiger Brokers). A declaration submitted to a US court on July 23 seeks to unfreeze assets, with Yang stating, "My personal assets far exceed my personal debts," and asserting he has no outstanding debts in arrears. Yang has been a Hong Kong resident since 2020 and the single largest shareholder of Grand Power Logistics Group Inc. Public filings describe him as a businessman and private investor aged 32, with investments in listed securities and technology companies via entities in Hong Kong and the British Virgin Islands.

However, no public evidence currently links the securities accounts or funds under the US court's restraining order to the lapse of the Grand Power Logistics offer.