This Agreement, comprising the Account Mandate, the Terms and Conditions and the Notice to Customers relating to the Personal Data (Privacy) Ordinance, sets out the terms upon which CMB Wing Lung Bank Limited will provide the Services (as defined herein) to you.

By executing the Account Mandate, you confirm that you have received a copy of this Agreement and have read and understood, and agree to be bound by, the terms and conditions set out in this Agreement, as varied, amended or supplemented from time to time.

本協議 （包括賬戶委託書、條款及條件，以及關於個人資料（私隱）條例的客戶通知）列載招商永隆銀行有限公司向您提供有關服務（定義見本證券服務協議書）所依據的條 款。

您簽署賬 戶委託書，即確認您已收到本證券服務協議書一份，已閱讀及明白本證券服務協議書所載的條款及條件（該等條款及條件經不時更改，修訂或補充），而且同意受其 所約束。

SCD-93(O) (2-2008)

CONTENTS

目 錄

Page Number

頁 次

Terms and Conditions

條款及條件

PART 1 GENERAL TERMS AND CONDITIONS

The general terms and conditions set out below are not intended to be exhaustive and must be read together with the other provisions of the Agreement. In the case of inconsistency between the terms of this Part 1 and any other term or Part of the Agreement, such other term or Part shall prevail.

1. DEFINITION AND INTERPRETATION

1.1 In this Agreement, except where the context otherwise requires:

“Access Codes” means the Login ID, the Login Password and/or the PIN, or where the context requires, a combination of any of them.

“Agreement” means the Account Mandate, the Terms and Conditions, and the Notice to Customers relating to the Personal Data (Privacy) Ordinance, each as varied, amended or supplemented from time to time.

“Authorized Person” or “Authorized Representative” means the person or persons from time to time authorized to give instructions in relation to and otherwise operate the Securities Account.

“Automated Securities Service” means any facility provided or to be provided by the Bank from time to time under this Agreement which enables you to give instructions relating to any Transaction via tone-in phone.

“Bank” means CMB Wing Lung Bank Limited, its successors and assigns.

“Business Day” means a day (other than a Saturday) on which licensed banks in Hong Kong are open for normal banking business and trading in Securities on the HKSE is being conducted.

“CCASS” means the Central Clearing and Settlement System established and operated by HKSCC.

“CCASS Depository” means such person appointed by HKSCC to perform the depository and custodian services in CCASS.

“CCASS Nominee” means the nominee company of HKSCC or such other person appointed by HKSCC to perform the nominee service in CCASS.

“Clearing House” means any relevant clearing houses in or outside of Hong Kong, including the HKSCC.

“Counter Trading Service” means a facility provided by the Bank under this Agreement which enables you to give instructions relating to any Transaction over the counter at any branch of the Bank.

“Electronic Trading Service” means any facility provided or to be provided by the Bank from time to time under this Agreement which enables you to give instructions relating to any Transaction via electronic or telecommunications media (including through the use of interactive television, systems, computers, machines, terminals or any other electronic or telecommunications devices as the Bank may from time to time determine and prescribe for the giving of instructions), and including but not limited to the Automated Securities Service, the Internet Trading Service and the Mobile Phone Trading Service.

“Eligible Securities” means such securities which are from time to time designated and accepted by HKSCC for deposit, clearance and settlement in CCASS.

“Event of Default” means an event specified in Clause 12.1.

“Exchange” means any recognized stock exchange or market or over-the-counter market, including the HKSE.

“Facilities” means the Counter Trading Service, the Electronic Trading Service, the Phone-in Trading Service or any other means or facilities as may be provided by the Bank from time to time which enable you to give instructions relating to Transactions to the Bank.

“HKMA” means the Hong Kong Monetary Authority.

“HKSCC” means the Hong Kong Securities Clearing Co. Ltd.

“HKSE” means The Stock Exchange of Hong Kong Limited.

“Hong Kong” means the Hong Kong Special Administrative Region of The People’s Republic of China.

“Internet Trading Service” means any facility provided or to be provided by the Bank from time to time under this Agreement which enables you to give instructions relating to any Transaction via the Internet.

“Login ID” or “Personal Identification Number (PIN)” means your personal identification(s) used, in certain circumstances in conjunction with the Login Password, to gain access to the Electronic Trading Service, the Phone-in Trading Service and/or any other facilities as may be provided by the Bank from time to time which enable you to give instructions relating to Transactions to the Bank.

“Login Password” means your personal password(s) used, in certain circumstances in conjunction with the Login ID, to gain access to the Electronic Trading Service, the Phone-in Trading Service and/or any other facilities as may be provided by the Bank from time to time which enable you to give instructions relating to Transactions to the Bank.

“Margin Facilities” means all or any of the margin facilities made available or granted to you from time to time by the Bank whether in the form of overdraft facilities or facilities available pursuant to the use of a credit card or any other form of credit or credit facility (subject to the limit set out in Schedule 2 to the Account Mandate or otherwise specified in Clause 2.1 of Part 5 of the Terms and Conditions of this Agreement) including all amounts debited to the Settlement Account(s) in accordance with the terms and conditions of this Agreement.

“Mobile Phone Trading Service” means any facility provided or to be provided by the Bank in conjunction with mobile phone operators from time to time under this Agreement which enables you to give instructions relating to any Transaction via mobile phone.

“Parts” means the different parts into which the Terms and Conditions of this Agreement has been divided, including any additional parts that may from time to time be incorporated as part of the Terms and Conditions of this Agreement, in each case as varied, amended or supplemented from time to time.

“Person” includes any individual, company, firm, partnership, joint venture, association, organization or trust (in each case whether or not having a separate legal personality).

“Phone-in Trading Service” means any facility provided or to be provided by the Bank from time to time under this Agreement which enables you to give instructions relating to any Transaction via telephone.

“Registered Securities” means Securities deposited by you with the Bank for safe custody pursuant to Part 3 of the Terms and Conditions of this Agreement.

“Risk Disclosure Statements” means the risk disclosure statements contained in Part 7 of the Terms and Conditions of this Agreement.

“Securities” means any share, stocks, debentures, warrants, options, loan stocks, funds, unit trusts, bonds, notes, equity-linked notes or derivative instruments or products (whether the underlying asset is securities, indices or other property) of or issued by any body, whether incorporated or unincorporated, or any government authority, whether or not traded on the Exchanges, and acceptable to the Bank.

“Securities Account” means the account maintained with the Bank for the Transactions in accordance with this Agreement, and “Securities (Cash) Account” shall mean the Securities Account maintained for cash securities trading services and “Securities (Margin) Account” shall mean the Securities Account maintained for margin securities trading services.

“Settlement Account(s)” means any account(s) established by you and maintained with the Bank to hold funds or through which credit facilities (including facilities granted through the use of a credit card) have been made available to you by the Bank intended for the purchase of Securities under this Agreement, the account number of which is stated in the Account Mandate or as subsequently notified by you to the Bank in writing, and “Hong Kong Dollar Settlement Account” shall mean the Settlement Account in Hong Kong dollars and “Foreign Currency Settlement Account” shall mean the Settlement Account in foreign currency.

“Services” means any or all of the services provided by the Bank pursuant to this Agreement and any other services agreed from time to time between you and the Bank.

“SFC” means the Hong Kong Securities and Futures Commission.

“SFO” means the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

“Stock Broker” means any stock broker, underwriter, dealer or agent (including, without limitation, any member of the CMB Wing Lung Group) selected by the Bank for effecting or implementing any instructions relating to the Transactions for you.

“Transactions” means any agreement to purchase, invest in, subscribe, sell, exchange or otherwise dispose of any kind of Securities and generally dealing in any and all kinds of Securities including but not limited to holding Securities in the name of the Bank or its nominee or sub-custodian pursuant to Part 3 of the Terms and Conditions of this Agreement or otherwise.

“Website(s)” means the website(s) operated by the Bank for provision of the Electronic Trading Service(s), and includes the NET Banking website operated by the Bank pursuant to the CMB Wing Lung NET Banking General and Special Conditions (as amended from time to time).

“Wing Lung Group” means any subsidiary or affiliate of the Bank, its holding company or any subsidiary or affiliate of its holding company, and shall include, but not be limited to, CMB Wing Lung Securities Limited and CMB Wing Lung (Nominees) Limited.

1.2 (a) In this Agreement, section or clause headings are inserted for reference only and shall not affect construction.

(b) Words denoting the singular shall include the plural and vice versa and references to one gender shall include a reference to any other gender.

(c) Unless the context otherwise requires, references to clauses and sub-clauses are to clauses and sub-clauses of this Agreement or, as the context shall require, the relevant Part.

1.3 THIS IS A LEGALLY BINDING AGREEMENT BETWEEN YOU AND THE BANK IN RESPECT OF ANY TRANSACTIONS EFFECTED BY THE BANK FOR YOU.

2. LAWS AND RULES

2.1 All Transactions shall be subject to the relevant provisions of the constitution, rules, regulation, bye-laws, orders, directions, practice notes, customs and usage of HKSE, HKSCC and any relevant Exchanges and Clearing Houses and of the laws of, and prevailing market practice in, Hong Kong or any other places in which the Bank is dealing on your behalf.

2.2 The Bank or its nominee or sub-custodian may refrain from doing anything which would or might in the Bank’s opinion be contrary to any law or regulation or otherwise render the Bank or its nominee or sub-custodian liable to any person and may do anything which is in the Bank’s opinion necessary to comply with any such law or regulation.

3. POWER AND RESPONSIBILITY

3.1 The Bank’s duties are limited to those expressly set out in this Agreement provided that nothing herein shall operate to remove, exclude or restrict any of your rights or the Bank’s obligations under applicable laws.

3.2 For all Transactions, unless otherwise indicated on the contract note or otherwise notified to you, the Bank is only acting as the agent for you and nothing in this Agreement shall constitute the Bank or the Bank’s nominee or sub-custodian as trustee for you nor constitute a partnership between the Bank and you.

3.3 The Bank may engage any Stock Brokers, agents or nominees or sub-custodians (including any member of the CMB Wing Lung Group) in connection with the provision of any Services on any terms and conditions as the Bank may in its sole discretion determine and, save as may be required by applicable laws, rules and regulations, the Bank shall not be required to disclose to you the terms and conditions of the Bank’s contract with such persons and the same shall be binding on you.

3.4 The Bank shall have the absolute and unfettered right and discretion at any time not to effect as your agent any Transaction without giving any reason therefor, provided that the Bank may not rely on this provision in respect of any failure to effect any Transaction due to negligence, misconduct or fraud on its part.

3.5 The Bank or its nominee or sub-custodian may refrain from taking any step (or further step) to protect or enforce your rights under any Transaction effected by the Bank on your behalf or under the Registered Securities or the Eligible Securities until the Bank or its nominee or sub-custodian has been indemnified and/or secured to the Bank’s reasonable satisfaction against any and all costs, losses, expenses, or liabilities (including legal fees on a solicitor and own client basis) which the Bank or its nominee or sub-custodian would or might reasonably sustain or incur as a result provided that such indemnity shall not extend to any consequence arising solely from the negligence, default or fraud of the Bank, its nominee or sub-custodian.

3.6 The Bank or its nominee or sub-custodian may rely on any communciation or document which the Bank believes in good faith to be genuine on the face of it and the Bank is entitled to reject any document which, on the face of it, is not regular, valid and/or acceptable in accordance with prevailing market practice.

3.7 The Bank or its nominee or sub-custodian shall not be responsible for the adequacy, accuracy or completeness of any representation, warranty, statement or information in any document or instrument relating to the Registered Securities, the Eligible Securities or Transactions or any notice or other document or instrument delivered to the Bank.

3.8 The term “Settlement Account” used in this Agreement shall mean: (i) with respect to Transactions effected in Hong Kong dollars, the Hong Kong Dollar Settlement Account only and the Bank shall not be obliged to take into account any credit balance in the Foreign Currency Settlement Account in performance of its duties under this Agreement; and (ii) with respect to Transactions effected in any currency other than Hong Kong dollars, the Foreign Currency Settlement Account only and the Bank shall not be obliged to take into account any credit balance in the Hong Kong Dollar Settlement Account in performance of its duties under this Agreement.

4. AUTHORIZED PERSON(S) / REPRESENTATIVE(S)

4.1 The Authorized Person(s)/Representative(s) is/are hereby authorized to give to the Bank directions, instructions of whatever nature relating to the Services. You acknowledge and agree that any instructions given or purported to be given to the Bank by the Authorized Person(s)/ Representative(s) shall at all times be binding on you regardless of whether any such person giving instructions has your actual authority to do so at the time of such instructions.

4.2 The Authorized Person(s)/Representative(s) shall have continuous authority to deal with the Bank in respect of any matter arising from this Agreement for Transactions unless: (a) where the signing arrangement or account mandate with respect to the Securities Account is the same as the Hong Kong Dollar Settlement Account, any revocation and/or variation of the signing arrangement or account mandate in respect of the Hong Kong Dollar Settlement Account has been effected pursuant to the terms and conditions governing the operation of such Hong Kong Dollar Settlement Account, in which case such new signing arrangement or account mandate shall apply, and the Bank shall be entitled to treat the same as applying, to the Securities Account; or (b) where the signing arrangement or account mandate with respect to the Securities Account is different from that of the Hong Kong Dollar Settlement Account, the Bank shall have received from you: (i) your written instructions; and (ii) in the case where you are a corporation, a certified true copy of the board resolution (which, in the case of a physical board meeting, shall be certified by the chairman of the relevant meeting and each other director(s) that form the necessary quorum of the meeting and, in the case of written resolutions, shall be certified by Chairman of the Board for the time being), revoking and/or varying any or all of such named Authorized Person(s)/Representative(s) in respect of the Securities Account. Any such revocation or variation instructions by you and approved by the Bank shall apply, and the Bank shall be entitled to treat the same as applying, to the Authorized Person(s)/Representative(s) in respect of the Securities Account.

4.3 You hereby agree to ratify at any time hereafter all acts and deeds, directions, orders or instructions given by any or all of the Authorized Person(s)/Representative(s) and acknowledge that the same shall at all times be binding on you.

5. COMMISSIONS, EXPENSES AND CHARGES

5.1 You shall pay or reimburse the Bank within such period as the Bank may notify you commissions, fees and charges at such rates and in such manner as may be set out in the Bank’s schedule of fees applicable from time to time, together with all purchase payment, subscription moneys, scrip fees for new certificates, stamp duties, charges, transaction levies, taxes, interest, custodial expenses and other expenses in respect of or in connection with the Securities Account or any Transaction or Services provided by the Bank.

5.2 The Bank shall be entitled to debit the amount referred to in Clause 5.1 to, in the case where you have opened a Securities (Cash) Account(s), the Settlement Account(s) or in the case where you have opened a Securities (Margin) Account(s), the Securities (Margin) Account(s); or if there are insufficient funds in the Settlement Account(s) or insufficient available Margin Facilities in the Securities (Margin) Account, as the case may be, to any account of yours with the Bank whether of savings, current, fixed deposit (matured or not yet matured) or deduct the same from the proceeds, if any, of the Transaction effected.

5.3 The Bank reserves the right to charge interest on all overdue balances owing by you to the Bank until actual payment in full by you at such rate as may be specified by the Bank from time to time. Such interest shall accrue on a day-to-day basis and shall be payable on the last day of each calendar month or upon any demand being made by the Bank.

5.4 The Bank shall be entitled without having to make any prior disclosure to you to accept and receive for the Bank’s own use and benefit absolutely any rebate, benefit, allowance of brokerage or commission and/or any other advantage for all Transactions effected (including but not limited to any sale, purchase, subscription and/or dealing howsoever of Securities) for you from any Stock Broker, agent or nominee or sub-custodian engaged therefor.

6. ACKNOWLEDGEMENT AND COVENANTS; REPRESENTATIONS AND WARRANTIES

6.1 You hereby expressly waive any or all of your rights and/or remedies in law or equity that you may have against the Bank if they are inconsistent with the Bank’s powers, rights and duties set out hereunder.

6.2 You shall upon request perform such acts and sign and execute all such agreements, proxies authorities or documents whatsoever as may be reasonably required by the Bank for the performance or implementation of the Bank’s duties and/or the exercise of its rights under this Agreement.

6.3 You represent and warrant to the Bank that:

(a) You have unencumbered and absolute beneficial title to all Securities deposited with or delivered to the Bank whether for safe custody, selling or otherwise, which are free and clear of and not subject to any charge, lien, trust, negative pledge or other adverse interest and claim (other than any charge arising under Part 5 or Part 6 of the Terms and Conditions of this Agreement) and all such Securities are regular, valid and acceptable in accordance with the prevailing market practice and the Bank shall be under no obligation to recognize any right or interest which any person other than you may have in such Securities. You shall indemnify the Bank against all claims and liabilities, losses or damages which the Bank may reasonably suffer or sustain in handling such Securities.

(b) All such Securities are fully paid and that there are no moneys or liabilities outstanding or payable in respect of such Securities.

(c) The representations and warranties set out in this Clause 6.3 shall be deemed to have been repeated and given by you in respect of such further Securities deposited with the Bank on each and every subsequent occasion.

6.4 If any of the representations or warranties in Clauses 6.3(a) and 6.3(b) is untrue, then the Bank shall have the right to debit such Securities deposited and/or to require you to replace the Securities deposited. The Bank may at any time purchase replacement Securities and the cost and expenses of such purchase shall be borne by you.

6.5 You represent and warrant to the Bank that all information provided to the Bank in connection with the Securities Account is true, complete and correct.

6.6 You understand and acknowledge that the offering of Securities in Hong Kong or elsewhere may be subject to selling restrictions contained in the relevant offering document. You agree that you will observe the selling restrictions contained therein (to the extent applicable to you) and will not give any instructions to the Bank to effect any Transactions for and on your behalf in circumstances where such Transactions will be prohibited by the selling restrictions. If you are in any doubt, you should check with your local legal adviser, regulator or authority before giving the instructions.

6.7 You acknowledge and agree that:

(a) the Bank does not act as an investment adviser or as any other adviser to you in relation to any Transaction that may be entered into pursuant to this Agreement;

(b) the Bank has not made, and will not be deemed to have made, any representations or recommendations whatsoever and howsoever to you in respect of any Securities or any Transaction entered into by you through the Bank as agent.

6.8 You agree and confirm that:

(a) you are not relying on any communication (whether written or oral) of the Bank as investment advice or as a recommendation to enter into the transactions contemplated therein, it being understood that any information and explanations relating to any Securities shall not be considered investment advice or a recommendation to enter into the relevant Transaction;

(b) you are capable, on your own behalf or through independent professional advice, of assessing the merits of and understanding, and understand and accept, the provisions of this Agreement and that you are also capable of assuming, and are prepared to assume, the risks of the relevant Transactions contemplated herein;

(c) you are acting on your own account and have reviewed and will review carefully your specific financial needs and investment objectives before entering into any Transaction through the Bank and that you have made your own independent decision to enter into the relevant Transaction and as to the legality, suitability and appropriateness of the Transaction based upon your own judgment and upon advice from such independent professional advisers as you have deemed necessary; and

(d) you have evaluated for yourself and/or relied on the advice of such advisers as you have deemed necessary regarding the financial and market management risks in, and the consequences of, entering into any Transaction through the Bank and any legal, regulatory, tax, accounting and credit issues in connection with that Securities.

7. FACILITIES

7.1 All orders and instructions relating to the Registered Securities, Eligible Securities or Transactions may be given by you verbally, in writing or through any of the Facilities, but in all cases in the manner prescribed by the Bank. Subject to restrictions that may be imposed by the Bank from time to time in its sole discretion, you may give orders or instructions through one Facilities and inquire, amend or cancel such orders or instructions via other Facilities, provided that any amendment or cancellation may not be possible once the Bank or its agent has effected the Transaction for and on your behalf.

7.2 You hereby consent to using the various media offered by the Facilities for communication or transmission of data or information. In particular, you hereby consent to the use of electronic media for the purpose of giving instructions to and other communications with the Bank (including instructions given through any of the Electronic Trading Services) and authorize the Bank to accept electronic instruction and other communication from you as the original instruction or communication from you.

7.3 If you experience any problems in reaching the Bank through any particular method, you should attempt to use alternate methods to communicate with the Bank. The Facilities will not reprocess your instructions automatically. However, you must note that if you have given the same instruction through more than one Facilities, the Bank will treat the duplicate instruction as a separate instruction unless the Bank is actually informed by you that the instruction was a duplicate before the instruction is executed.

7.4 You authorize the Bank to act upon any instructions given by your Authorized Person(s)/Representative(s) in writing or verbally or given through the use of Access Codes in connection with the Facilities. You agree that instructions will not be accepted unless the signature of the Authorized Person(s)/Representative(s) or the Access Codes (as the case may be) has been verified by the Bank (and if necessary, through the use of verification technologies) as accurate and valid. Although the Bank undertakes to exercise reasonable care in examining the signatures of its customers and their duly appointed representatives, it shall have no obligation to authenticate any such instructions or verify the identity of any person giving such instructions. All instructions the Bank in good faith believes to be given or purported to be given by you or the Authorized Person(s)/Representative(s) are binding on you. The Bank assumes no liability whatsoever for the consequences of falsifications or faulty identification, except in the event of negligence or default on its part.

7.5 You agree to be responsible for the confidentiality, security and use of your Access Codes and undertake:

(a) not to disclose the Access Codes to any third party; and

(b) not to write down or record the Access Codes in a way that could facilitate misuse or fraud.

You understand that you shall be solely responsible for all instructions entered through the Facilities using the Access Codes (whether authorized by you or not and regardless of any other mandate instructions you may provide the Bank). Instructions provided by you electronically or through any other telecommunications media shall be treated as if they have been made in writing and signed by you. All holders of a joint account are jointly and severally responsible to the Bank for any instructions given via the Electronic Trading Service or the Phone-in Trading Service, provided that the correct Access Codes are used. You shall be liable to the Bank for all losses and damages reasonably incurred or suffered by the Bank in connection with or resulting from any breach of the provisions in this Clause 7.5 as a direct or indirect consequence of any act or omission (whether intentional or otherwise) of you and/or your agents.

7.6 You undertake to immediately contact the Bank by telephone at (852) 2543 3599 of any loss, unauthorized disclosure or misuse of your Access Codes. You shall, as requested, confirm your report to the Bank in writing within 24 hours. Unless and until the Bank actually receives such notification, you shall have no claim whatsoever against the Bank and shall be liable to the Bank for all losses and damages reasonably incurred or suffered by the Bank in respect of any use of your Access Codes, whether authorized by you or not.

7.7 The Bank shall not be deemed to have received your instructions or executed your orders unless and until you are in receipt of the Bank’s acknowledgement or confirmation relating to the execution of orders either in writing or by phone or by e-mail or other electronic or other means as prescribed by the Bank from time to time (including, without limitation, posting on a section or sections of the Website(s) specifically designated for access by you). You further acknowledge and agree that, as a condition of using the Facilities to give instructions, you shall immediately notify the Bank in writing if:

(a) an instruction has been placed through the Facilities and you have not received an order number;

(b) an instruction has been placed through the Facilities and you have not received an acknowledgement or an accurate acknowledgment (whether through hard copy, electronic, or verbal means) of the instruction or of the execution; or

(c) you have received acknowledgment (whether through hard copy, electronic, or verbal means) of an execution for an instruction which you did not place.

If you fail to notify the Bank in writing within 90 days of the occurrence of any of the above events, you shall be deemed to have accepted the outcome and neither the Bank nor any of its officers, employees, agents can or will have any responsibility or liability to you or to any other person whose claim may arise through you for any claims with respect to the handling, mishandling or loss of any instruction.

7.8 You further agree that the Bank shall not be liable for:

(a) any consequential, incidental, special, or indirect damage (including lost profits, trading losses and damages) that result from inconvenience, delay or loss through the use of the Facilities even if the Bank has been advised of the possibility of such damages; and

(b) any losses resulting from a cause over which the Bank does not have direct control, including but not limited to the failure of electronic or mechanical equipment or communication lines, telephone or other interconnection problems (e.g. if you are unable to access your online service provider), unauthorized access, theft, operator errors, severe weather, earthquakes, floods and strikes or other labor problems.

7.9 You hereby release the Bank from all liabilities and hereby indemnify the Bank against all actions, suits, costs, claims, demands, expenses, losses and liabilities howsoever arising in consequence of or in any way related to:

(a) the Bank acting upon or failing to act upon instructions through the Facilities whether or not these instructions shall have been made with the proper authority of you save in the case of negligence, misconduct or fraud on the part of the Bank;

(b) the incorrectness of any information supplied by the Bank to you via telephone or other electronic means caused by the malfunction of any of the Bank’s equipment save in the case of negligence, misconduct or fraud on the part of the Bank;

(c) the obtaining of access to information relating to you or other person if such access was gained by the use of your Access Codes; or

(d) your inability to give instruction through the Facilities caused by the delay or failure of communication network or any party providing such access.

7.10 The Bank may (but shall not be obliged to) monitor electronically or record any or all telephone conversations with you and/or any of your instructions or orders given through the Facilities. You agree to accept the contents of any such electronic records or recordings as final and conclusive evidence of the contents and are binding on you. You agree that they shall be admissible in court as evidence of the existence of the Transactions and communications and of the facts contained therein, to the extent permitted by applicable law.

7.11 You accept that the Bank may (but shall not be obliged to) send you trade confirmations (either in the form of contract note or otherwise) of your Transactions through electronic posting of your account in lieu of printed confirmations, such information being freely accessible by you through the Website(s) with the use of your Access Codes immediately after such posting by the Bank for five (5) Business Days; or via other electronic media, and you consent to receiving such confirmations in electronic form. You shall print out such confirmations forthwith without delay to maintain your own records if necessary.

7.12 You acknowledge and agree that the Facilities, the Website(s) and the software comprised therein are proprietary to the Bank and/or third party service providers. You warrant and undertake that you shall not, and shall not attempt to, tamper with, modify, decompile, reverse engineer or otherwise alter in any way, and shall not attempt to gain unauthorized access to, any part of the Facilities, the Website(s) or any of the software comprised therein. The Bank shall be entitled to suspend or terminate your Access Codes and/or close any or all of the Securities Accounts immediately without notice to you, and may take legal action against you, if you at any time breach this warranty and undertaking or if the Bank reasonably suspects that you have breached the same. You undertake to notify the Bank immediately if you become aware that any other person is doing any of the above.

7.13 The Facilities may provide, for information purpose only, data or information about Securities and other investments published or disseminated by third parties. You understand that the third parties may assert a proprietary interest in all of the data they furnish. You acknowledge that neither the Bank nor any third parties guarantee the timeliness, sequence, accuracy or completeness of such data or information. You further acknowledge that owing to market volatility and possible delay in the data-transmission process, data available through the Facilities may not be real-time market quotes for the relevant Securities and investment. You agree to hold harmless the Bank and such third parties, for:

(a) any inaccuracy, error, or delay in, or distortion or omission of (i) any such data, information, or message or (ii) the transmission or delivery of any such data, information, or message; or

(b) any loss or damage arising from or occasioned by (i) any such inaccuracy, error, delay, distortion or omission, (ii) non-performance, or (ii) interruption of any such data, information, or message, due either to any negligent act or omission by you or any third parties or to any force majeure (as described in Clause 15.11).

7.14 Without any prejudice to any other provisions of this Agreement, you agree that certain information accessible on the Website(s) is provided or compiled by the HKSE or Stock Exchange Information Services Ltd. or other information providers pursuant to agreements between the Bank and such information providers. The information providers may issue direction to the Bank from time to time and you shall provide such assistance as the Bank may reasonable require to enable it to comply with such direction. You also agree that, without the prior approval of the information providers, you shall not, with respect to any information provided by such information providers:

(a) disseminate any such information to any other third party;

(b) use or permit the use of any such information for any illegal purpose;

(c) use any such information other than in the ordinary course of your business (which shall not include dissemination of any such information to third parties); and

(d) use any such information to establish, maintain or provide or to assist in establishing, maintaining or providing any trading floor or dealing service for transactions outside the HKSE.

You shall comply with such reasonable directions issued by the information providers from time to time concerning the permitted use of information provided by such information providers.

7.15 You agree that the Bank may provide to the information providers:

(a) information regarding the media by which you received information, the number of persons or devices (and its type) permitted by you to access information within and outside Hong Kong; and

(b) your name and address in the event that the Bank or the information providers suspect that you have breached the provisions in this Agreement.

You further agree to permit the information providers and the Bank to inspect your premises and records in order to ascertain whether the licence fees in your respect are properly accounted for, or whether you have been using information contrary to the provisions of this Agreement.

8. THE WEBSITE(S)

8.1 The Bank controls and maintains the Website(s) from Hong Kong and the Bank makes no representation that the material and information contained in the Website is appropriate or available for use in other locations or jurisdictions.

8.2 The distribution of the Website(s)’ materials may be restricted by law in certain jurisdictions. It is your responsibility to find out what those restrictions are and observe them.

8.3 The information and material on the Website(s) shall not be regarded as an offer, solicitation, invitation, advice or recommendation to buy or sell investments securities or any other instrument or bank product of the Bank or any other issuer.

8.4 Use of the products or services described at the Website(s) may not be permitted in some countries and if in doubt, you should check with your local legal advisor, regulator or authority before requesting information. The Bank does not possess any licensing or regulatory status in any jurisdiction other than Hong Kong and the Bank will not offer any of its products or services described herein to persons or entities resident in countries where licensing or registration under their local law is required for its provision of such products or services.

8.5 Products and services are available only at the Bank’s discretion, subject to the products and services individual contractual terms and conditions on which they are offered and such products and services may be withdrawn or amended at any time without notice. The full range of products or services may not be available in all locations.

8.6 The Bank may terminate your access to the Website(s), the use of the Electronic Trading Service and the use of NET Banking service (a) for cause at any time with immediate effect by notice to you at the time of such termination or as soon as practicable thereafter; or (b) with notice to you of not less than 30 days (or such shorter period as the Bank may in its reasonable discretion determine if such termination is due to circumstances beyond the Bank’s reasonable control).

8.7 The Bank reserves the right in its discretion to change any information or material contained on the Website(s) and the provisions under which the Website(s) is used provided that any change which affects fees and charges payable by you and/or your liabilities or obligations hereunder shall take effect only 30 days after such change has been notified to you (whether by posting on the Website(s) or otherwise).

9. INTELLECTUAL PROPERTY

9.1 The copyright of all contents of the Website(s) including, but not limited to the text, graphics, links and sounds belong to the Bank and may not be copied, downloaded, distributed or published in any way without the Bank’s prior written consent.

9.2 In relation to any information or materials which you submit to the Bank using the Website(s) and/or via other electronic or telecommunications means, you grant to the Bank a worldwide royalty-free perpetual licence of the copyright and intellectual property rights in such information or materials for any purpose including, without limitation, the copying, transmission, distribution and publication thereof, unless restricted by applicable law. You agree that the Bank shall not be under any obligation of confidentiality to you regarding any such information or materials submitted to it using this Website(s) and/or via other electronic or telecommunications means unless agreed otherwise in a separate direct contract between you and the Bank or as required by law.

10. DISCLOSURE AND RELEASE OF INFORMATION

10.1 To the extent permitted by law, you agree that any or all personal data relating to you collected by the Bank from time to time may be used and disclosed in accordance with the Notice to Customers relating to the Personal Data (Privacy) Ordinance, as amended from time to time.

10.2 You hereby expressly agree that the Bank, its nominee or sub-custodian (including any member of the CMB Wing Lung Group) or Stock Broker may, if requested by any Exchange or such other regulatory or supervisory authority, provide details of any Transaction conducted pursuant to this Agreement and/or any other information, documents, transactions relating thereto, in order to assist such Exchange or the relevant regulatory or supervisory authority with any investigation or enquiry being undertaken.

11. CLIENT IDENTIFICATION

11.1 If you effect Transactions for the account of your own client, you hereby agree that, in relation to a Transaction where the Bank has received an enquiry from any regulator in Hong Kong including the HKSE and the SFC ("Hong Kong Regulators"), the following provisions of this Clause 11 shall apply.

11.2 Subject as provided below, you shall, immediately upon request by the Bank, inform the Hong Kong Regulators of the identity, address, occupation and contact details (“Relevant Particulars”) of the client for whose account the Transaction was effected and (so far as known to you) the person with the ultimate beneficial interest in the Transaction and/or any third party who originated the Transaction.

11.3 If you effected the Transaction for an investment fund or scheme or discretionary account or trust, you shall, immediately upon request by the Bank, inform the Hong Kong Regulators of the Relevant Particulars of the scheme, fund, account or trust and, if applicable, the person who, on behalf of such scheme, fund, account or trust, instructed you to effect the Transaction. In addition, you shall immediately inform the Bank when your discretion in respect of any Transaction effected for such scheme, fund, account or trust has been overridden and, upon request by the Bank, immediately inform the Hong Kong Regulators of the Relevant Particulars of the person(s) who gave the overriding instructions.

11.4 If you are aware that your client is acting as intermediary for its underlying clients (“Ultimate Client”), and you do not know the Relevant Particulars of the Ultimate Client, you confirm that:

(a) you have arrangements in place with your client which entitle you to obtain such information from your client immediately upon request; and

(b) it will, on request from the Bank, promptly request such information from the client on whose instructions the Transaction was effected, and provide the information to the Hong Kong Regulators immediately upon receipt.

11.5 You confirm that, where necessary, you have obtained all consents or waivers from your clients or other relevant persons, to release to the Hong Kong Regulators the information referred to in Clauses 11.2, 11.3 and 11.4 above.

11.6 The provisions of Clause 11 shall continue in effect notwithstanding the termination of this Agreement.

12. EVENT OF DEFAULT AND DISPOSAL OF SECURITIES

12.1 Any one of the following events shall constitute an event of default:

(a) your failure to pay any deposits or any other sums payable to the Bank or submit to the Bank any documents or deliver any Securities to the Bank hereunder, when called upon to do so or on due date;

(b) breach of this Agreement by you;

(c) the filing of a petition in bankruptcy, winding up or the commencement of any analogous proceedings against you or any of them;

(d) the levying of any attachment against the Settlement Account(s) or Securities Account with the Bank;

(e) any representation or warranty made by you to the Bank in this Agreement or in any document being or becoming incorrect or misleading;

(f) the death of you (being an individual);

(g) any consent, authorization or board resolution required by you (being a corporation or a partnership) to enter into this Agreement being wholly or partly revoked, suspended, terminated or ceasing to remain in full force and effect; and

(h) any other matter or event including any regulatory requirements or the nature of the instructions given by you to the Bank which the Bank in good faith believes may expose or lead the Bank to any actions, claims, proceedings, losses, damages, costs, expenses or liabilities of whatever nature.

12.2 If an Event of Default occurs, without prejudice to any other rights or remedies that the Bank may have against you and without further notice to you, the Bank shall be entitled to, to the extent permitted under applicable laws and regulations:

(a) immediately close the Securities Account;

(b) terminate all or any part of this Agreement;

(c) cancel any or all outstanding orders or any other commitments made on your behalf;

(d) close out any or all contracts for Transactions effected by the Bank on your behalf, cover any short position of yours through the purchase of Securities on the relevant Exchange or liquidate any of your long position through the sale of Securities on the relevant Exchange;

(e) dispose of, or, subject to applicable laws and regulations, initiate the disposal by the Bank’s nominee or sub-custodian of, any or all of the Securities held for and on your behalf, on such terms as the Bank may determine in good faith, in settlement of any liability owed by or on your behalf to the Bank, its nominee or sub-custodian, or a third person; and

(f) combine, consolidate and set-off any or all your accounts in accordance with Clause 13.

12.3 In the event of any sale pursuant to this Clause 12:

(a) the Bank shall not be responsible for any loss arising out of any such sale or any postponement thereof howsoever caused and whether or not a better price could or might have been obtained upon the sale of the Securities or any of them by deferring or advancing the date of such sale or otherwise howsoever if the Bank has already used reasonable endeavors to sell or dispose of the Securities or any part thereof at the then available market price; and

(b) you undertake to pay to the Bank any deficiency if the net proceeds of sale shall be insufficient to cover all the outstanding balances owing by you to the Bank.

12.4 The proceeds of sale or liquidation of the Securities Account made under this Clause 12 shall be applied in the following order of priority and any residue shall be paid to you:

(a) payment of all reasonable costs, charges, legal fees and expenses including stamp duty, commission and brokerage properly incurred by the Bank in transferring and selling all or any of the Securities or properties in the Securities Account or in perfecting title thereto;

(b) payment of all interest due; and

(c) payment of all monies and liabilities due, owing or incurred by you, to the Bank.

12.5 You hereby authorize the Bank to dispose of, or, subject to applicable laws and regulations, initiate the disposal by the Bank’s nominee or sub-custodian of, any or all of the Securities held for and on your behalf, on such terms as the Bank may determine in good faith, in settlement of any liability owed by or on your behalf to the Bank, its nominee or sub-custodian, or a third person.

12.6 You further authorize the Bank to apply any or all of the Securities pursuant to a securities borrowing and lending agreement (as defined under the SFO).

You hereby acknowledge and agree that the authority given under this Clause 12.6 will be effective for a period of up to 12 months and may be renewed in accordance with applicable laws and regulations.

You may revoke the authority given under this Clause 12.6 at any time by giving not less than 14 days’ notice in writing to the Bank.

13. SET-OFF AND LIEN

In addition to any general lien or similar right to which the Bank as bankers may be entitled by law, the Bank may at any time, without prior notice to you:

(a) (i) apply any credit balance (whether or not then due) in any currency to which you jointly or any one of you singly is/are at any time beneficially entitled on any account (whether current, saving, time, call or deposit accounts) at any of the Bank’s branch or sub-branch wherever situates, and/or

(ii) set-off any of the Bank’s liability to you or any one or more of you including but not limited to such of the Bank’s liability (whether actual or contingent) under any Transaction then outstanding, in or towards satisfaction of all or any of your liabilities to the Bank hereunder or under any Transaction (whether actual or contingent) and for such purpose, the Bank may convert all or any part of such credit balance or liability to such other currencies at the applicable rate of exchange quoted and determined by the Bank as may be necessary to effect such application or set-off; and

(b) if any sum is due but unpaid hereunder or under any Transaction, retain all or any Securities (including the Registered Securities and/or Eligible Securities), valuables or any other property whatever and wherever situate which may be deposited with or otherwise held by the Bank for or in your name jointly or any one of you singly whether for safe custody or otherwise and to sell the same or any part thereof at such price as the Bank shall determine whether by public auction, private treaty or tender and the Bank may engage such agent and broker therefor and apply the proceeds thereof to set-off any or any sums owing hereunder after first deducting all costs and expenses.

14. LIMITATION OF LIABILITY, INDEMNITY AND RATIFICATION

14.1 The Bank makes no representation or warranty of any kind, express, implied or statutory regarding NET Banking, the Electronic Trading Service and the Website(s) or the information or materials contained or referred to in the Website(s) or otherwise provided via NET Banking or the Electronic Trading Service. To the fullest extent permitted by law, the Bank hereby expressly excludes and disclaims any condition, representation, warranty or responsibility of any kind relating to NET Banking, the Electronic Trading Service and/or such information and materials, whether express or implied, by statute or otherwise, including without limitation any such condition, representation, warranty or responsibility regarding the title, fitness for a particular purpose, merchantability or standard of quality of NET Banking and the Electronic Trading Service and/or such information and materials, that they will be accurate or free of errors or omissions, that they will not infringe any third party rights, that they will be available and uninterrupted at any particular time, free of computer viruses, trojan horses, worms, software bombs or similar items or processes arising from your use of the Website(s), adhere to any particular performance standards or that any instruction to or information requested from the Website(s) and/or via the NET Banking service or the Electronic Trading Service will be acted upon, delivered to or received by you in any time or at all.

14.2 The information and materials contained on the Website(s) or otherwise provided via the NET Banking or the Electronic Trading Service is provided for information only and should not be used as a basis for making business decisions. Any advice or information received via the Website(s) or otherwise provided via the NET Banking or the Electronic Trading Service should not be relied upon without consulting primary sources of information and obtaining specific professional advice. The Bank accepts no liability for any loss or damage arising directly or indirectly from action taken, or not taken, in reliance on information or materials contained on the Website(s) or otherwise provided via the NET Banking or the Electronic Trading Service. In particular, no warranty is given that economic reporting information, materials or data is accurate, reliable or up to date.

14.3 To the fullest extent permitted by law, the Bank shall not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of the Website(s), the NET Banking and the Electronic Trading Service including any loss, damage or expense arising from, but not limited to, any defect, error, fault, mistake or inaccuracy with the Website(s), its contents, the NET Banking or the Electronic Trading Service, or due to any unavailability of the Website(s) or any part thereof or any contents or the NET Banking or the Electronic Trading Service where such loss or damage is caused by your negligence; by your failure to comply with this Agreement; or by any reason or circumstance beyond the Bank’s reasonable control.

14.4 The Bank provides hyperlinks from the Website(s) to other sites for information purposes only. The Bank accepts no liability for any loss or damage arising directly or indirectly (including consequential loss) from the accuracy or otherwise of information or materials contained in such sites or loss arising directly or indirectly from defects with such sites. The Bank’s inclusion of hyperlinks to sites does not imply any recommendation or endorsement by the Bank of the material on such sites.

14.5 The Bank does not guarantee that any communications from or to the Website(s) and/or via other means will be sent to you or received by the Bank nor do the Bank warrants the privacy and/or security of such communications during transmission. The Bank will encrypt sensitive information such as personal information during transmission through the Internet (but not email messages as the Bank is unable to encrypt email messages).

14.6 You acknowledge that there are risks inherent in using NET Banking or the Electronic Trading Service but agree that the benefits justify these risks and you waive any claim you might have against the Bank because of:

(a) any failure of systems or equipment (whether or not provided by the Bank) including telecommunications services and facilities or any computer virus or similar problems save in the case of gross negligence, wilful misconduct or fraud on the part of the Bank;

(b) the Bank’s acceptance of any unauthorized instructions which appear (or which the Bank reasonably believes) to be from you;

(c) delays in the implementation of instructions from you to the extent that such was outside the Bank’s reasonable control;

(d) delays in delivery or availability of, or failure to deliver or make available, or any interruption or unauthorized access of, any part of the NET Banking or the Electronic Trading Service to the extent that such was outside the Bank’s reasonable control;

(e) delays in despatch or delivery of, or failure to despatch or deliver, or unauthorized interception, corruption or loss of, any notice or information provided or requested via NET Banking or the Electronic Trading Service or any inaccuracy, error or omission in or from any such notice or in or from any information contained in any such notice to the extent that such was outside the Bank’s reasonable control;

(f) your failure to use NET Banking or the Electronic Trading Service in accordance with this Agreement or any relevant agreement between yourself and the Bank; or

(g) your reliance, use or otherwise acting upon any information or materials provided via NET Banking or the Electronic Trading Service.

14.7 The Bank or its nominee or sub-custodian shall not be under any obligation other than those for which express provisions are made herein and the Bank or its nominee or sub-custodian shall not be liable for anything done or not done by it/them under or in connection with this Agreement save in case of negligence, misconduct or fraud on the part of the Bank. Without prejudice to the foregoing, you agree and accept that the Bank’s liability for any particular incident or series of related incidences shall, in any event, not exceed the amount of the relevant transaction, instruction or direction (or series of relevant transactions, instructions or directions) or the amount of direct damages suffered by you, whichever is less.

14.8 As a separate and independent obligation hereunder, you hereby undertake to indemnify the Bank and keep the Bank fully indemnified from and against all actions, suits, proceedings, claims, demands, losses, damages, costs, fees and expenses or liabilities of whatever nature which the Bank may reasonably suffer, incur, or sustain whether actual or contingent by reason of or arising out of or on account of the Bank agreeing to act as your agent in effecting any Transactions and/or to act as your custodian for the safe keeping of Securities and/or making applications for Securities pursuant to a new listing or issue of Securities or otherwise pursuant to the provision of Services under this Agreement provided that such indemnity shall not extend to any consequence arising solely from the negligence or default of the Bank. You shall pay to the Bank on demand all sums (whether actual or contingent) so reasonably suffered, incurred or sustained by the Bank (whose determination shall be conclusive and binding on you) together with interest accrued thereon from the date when the same were first paid or incurred by the Bank until actual payment in full by you at the rate to be determined by the Bank from time to time.

14.9 You hereby undertake to ratify and confirm everything which the Bank as your agent shall do or purport to do in right of this Agreement in transacting Transactions on your behalf.

14.10 Save where due solely to the negligence or default of the Bank, the Bank is not liable for any loss of or damage to or diminution in value of any of the Securities however arising while the same are in the possession, custody or control of the Bank’s agent and you agree to indemnify and hold Bank’s agent harmless from and against any and all consequences which arise or result therefrom and shall reimburse the Bank upon demand for any payment, loss or damage which the Bank may reasonably make, suffer or sustain by reason or on account thereof or otherwise in relation to or in connection with the Securities or anything lawfully done by the Bank or its agents.

15. MISCELLANEOUS

15.1 Confirmation and Account Statements:

(a) The Bank shall provide you with a confirmation promptly after effecting a Transaction or a deduction of funds from the Settlement Account(s) pursuant to this Agreement.

(b) The Bank shall provide you with such reports and statements concerning the Transactions conducted on behalf of you pursuant to this Agreement on a monthly basis provided that the Bank may elect not to send any such reports and statements to you in respect of any month where no Transaction has been conducted on behalf of you or where there is no revenue or expense item, or no outstanding balance or holding position or collateral, in the Securities Account for that month. If you have conducted Transactions in any particular month or has an account balance at the end of any particular month but fail to receive the statement relating to that month within ten (10) days after the end of that month, you shall be under a duty to immediately notify the Bank and request a copy thereof.

(c) You acknowledge that you have an affirmative duty to promptly review any and all trade confirmations and statements for accuracy and completeness and to immediately notify the Bank of any item you believe to be in error. You acknowledge that in the absence of manifest error, all transactions set out in any confirmation, report and statement shall be deemed accurate and conclusive unless the Bank receives written notice to the contrary from you within ninety (90) days of sending you the confirmation, report or statement. You agree that Bank shall not be liable for any losses resulting from your delay in reporting any error to it.

15.2 Conclusive statement: The Bank’s books and records regarding the quantity, type and particulars of the Securities (including the Registered Securities and/or Eligible Securities, if any) in the account for Securities transactions of you with the Bank at any time shall be final and conclusive and binding on you, save for manifest error.

15.3 Rights cumulative, waivers: No delay or omission on the Bank’s part in exercising any right, power, privilege or remedy in respect of this Agreement shall impair such right, power, privilege or remedy, or be construed as a waiver of it, nor shall any single or partial exercise of any such right, power, privilege or remedy preclude any further exercise of it or the exercise of any other right, power, privilege or remedy. The rights, powers, privileges and remedies provided in this Agreement are cumulative and not exclusive of any rights, powers, privileges or remedies provided by law.

15.4 Joint accounts: In circumstances where two or more persons have entered into this Agreement together:

(a) each such person shall be jointly and severally liable with each of the others for any liability incurred by any of them to the Bank in connection with this Agreement;

(b) each such person shall be bound even though any of them intended to be bound is not, for whatever reason, so bound and such intention to be bound shall be evidenced by their signing the Account Mandate;

(c) the Bank shall be entitled to deal separately with each such person on any matter including the discharge of any liability of any of them to any extent without affecting the liability of any of the others;

(d) the Bank shall not be obliged to inquire into or see to the application of monies or allocation of Securities between them;

(e) the Bank shall be entitled to, but shall not be obliged to, act on instructions or requests from any one person;

(f) any notice hereunder to any one person shall be deemed to be effective notice to all such persons; and

(g) on the death of any such person (being survived by any other), this Agreement shall not be terminated and the interest in the Securities Account(s) of the deceased will thereupon vest in and enure for the benefit of the survivor(s) provided that any liabilities incurred by the deceased shall be enforceable by the Bank against the deceased’s estate.

15.5 Attorney: Any director, manager or secretary of the Bank for the time being is hereby irrevocably appointed as your attorney, with full powers of substitution from time to time, to perform such and all of the foregoing acts and with power to sign and execute all documents in your name and on your behalf or as otherwise required in connection herewith. You hereby ratify and confirm and agree to ratify and confirm any action taken by any such attorney.

15.6 Clauses severable: Each of the clauses and provisions of this Agreement is severable and distinct from the others and if at any time one or more of such clauses or provisions is or becomes invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby.

15.7 Amendments: The Bank may in its absolute discretion vary, supplement or amend any of the terms herein or add new terms to this Agreement, or amend its fees and charges, from time to time by: (a) sending to you a notice in writing setting out such amendments or supplement; (b) displaying such amendments or supplements on the Website(s); or (c) displaying such amendments or supplements in any of the Bank’s branches. Such variation of this Agreement shall take effect 30 days after the date of despatch of the notification by the Bank to you or the first display of the amendments on the Website(s) or Bank’s branches, whichever is the earliest.

15.8 Additional Services: The Bank may from time to time incorporate additional Part(s) to this Agreement for the provision of additional Services, by way of amendment to this Agreement pursuant to Clause 15.7. Such additional Part(s) shall be deemed to form part of this Agreement and shall take effect on the earlier of: (a) the amendment taking effect under Clause 15.7; and (b) the date on which you give instructions to the Bank in respect of such additional Services. The Bank may, as a condition of providing any additional Services request you to execute additional documentation in connection with this Agreement or the additional Service.

15.9 Material Changes: The Bank shall notify you of any material change to: (a) the name and address of the business of the Bank; (b) the registration status of the Bank with the SFC and the Bank’s CE number; (c) the description of the nature of services provided by the Bank; (d) the description of the remuneration payable to the Bank and the basis of such payment; or (e) such other information as required to be provided to you under applicable laws and regulations. You agree to notify the Bank in respect of any material changes to the information provided in this Agreement. In particular, you shall notify the Bank as soon as practicable in respect of any change to your address, facsimile number, telephone number and/or e-mail address.

15.10 Termination:

(a) This Agreement may be terminated by you or the Bank giving not less than 30 days notice in writing to the other (or earlier, by mutual agreement).

(b) The Bank may also by giving notice to you any time on the occurrence in the opinion of the Bank of any of the following events cancel or suspend the operation of any outstanding instructions or terminate this Agreement:

(i) an Event of Default;

(ii) any failure by you to maintain the Securities Account with the Bank;

(iii) any dispute or proceedings between any of the persons making up you where there is more than one such persons.

(c) Termination of this Agreement shall not affect any outstanding orders or any legal rights or obligations which may already have arisen. Notwithstanding the foregoing, you have no right to terminate this Agreement if you have open positions or outstanding liabilities or obligations.

15.11 Force Majeure: Neither of the parties to this Agreement shall be liable for any loss sustained by the other, directly or indirectly, if either party is prevented from acting as a direct or indirect result of government restrictions, the imposition of emergency procedure or suspension of trading by any relevant exchange, clearing house or other market, civil disorder, acts or threatened acts of terrorism, natural disaster, war strikes or other circumstances beyond the party’s control.

15.12 Notices:

(a) Any notice, request, certificate, demand or other communication to you in connection herewith is to be sent to you at your last known address or e-mail address maintained with the Bank or such other address from time to time notified by you to the Bank or communicated to you through telephone using the last known telephone number maintained with the Bank or such other telephone number from time to time notified by you to the Bank or through other electronic means prescribed by the Bank (including, without limitation, posting on a section or sections of the Website(s) specifically designated for access by you) in accordance with this Clause.

(b) All notices, requests, certificates, demands or other communication shall if delivered personally, be deemed to have been given at the time of such delivery; if dispatched by letter postage prepaid, be deemed to have been given 48 hours after posting; if sent by telex, swift or facsimile, be deemed to have been given at the time of despatch; if sent by cable, be deemed to have been given 24 hours after dispatch; if communicated by telephone, be deemed to have been given as at the date of the telephone call or, if the Bank is unable to reach you by telephone, the date on which the Bank leaves you a voice message on your telephone recording system (whether or not you subsequently retrieve the telephone message); if sent by e-mail or other electronic means prescribed by the Bank, be deemed to have been given two (2) hours after being sent, provided no notification that the e-mail or electronic message has not reached its intended recipient has been received by the sender; and if posted on a section or sections of the Website(s) specifically designated for access by you, be deemed to have been given upon it being posted on the Website(s).

(c) Notwithstanding the foregoing sub-clauses, all communications in connection herewith shall be deemed duly received by you if the Bank shall have put or displayed notice thereof at the banking halls of the Bank’s head office or such of the Bank’s branches as the Bank may determine at its absolute discretion and/or the posting on the Website(s) for three consecutive Business Days and the Bank may, in its discretion, send a copy of such notice to you in accordance with the provisions of Clause 15.12(a) for reference.

15.13 Assignment:

(a) You shall not be entitled to assign, transfer or otherwise dispose of any of your rights or obligations under this Agreement without the prior written consent of the Bank. The Bank shall have the right to assign, transfer or otherwise dispose of all or any of its rights or obligations to any other person as it thinks fit in its absolute discretion.

(b) All the provisions of this Agreement and all instructions given to the Bank under this Agreement shall survive any changes or successions in the Bank’s business and shall be binding upon your successors and permitted assigns.

15.14 Sub-Delegation: The Bank has absolute discretion to sub-delegate the performance of all or any of its obligations hereunder to any agents or third parties.

15.15 Governing language: In the event of any conflict between any provision of the English version of this Agreement and the corresponding provision of the Chinese version of this Agreement, the English version shall take precedence.

15.16 Law and jurisdiction: This Agreement shall be governed by and interpreted in accordance with the laws of Hong Kong. You hereby irrevocably and unconditionally submit to the non-exclusive jurisdiction of the Hong Kong courts.

PART 2 TERMS AND CONDITIONS FOR SECURITIES TRADING SERVICES

The terms and conditions set out below are not intended to be exhaustive and must be read together with the other provisions of this Agreement, in particular (but not limited to) the General Terms and Conditions set out in Part 1. In the case of inconsistency between the terms of this Part 2 and any term of Part 1 of this Agreement, the terms of this Part 2 shall prevail.

1. SECURITIES TRADING SERVICES

1.1 The Bank is hereby appointed and authorized to provide trading services in relation to Securities for you upon the terms and conditions contained herein.

1.2 The Bank may effect or implement your instructions relating to Transactions or otherwise perform its obligations under this Agreement through any Stock Broker or nominee or sub-custodian, whether or not the Bank has any interest (whether directly or indirectly) in such Stock Broker or nominee or sub-custodian, as the Bank may in its sole discretion determine. The Bank shall not be liable for any act, omission, negligence or default of such Stock Broker or nominee or sub-custodian.

1.3 Any instruction given by the Bank to any Stock Broker or nominee or sub-custodian, may be given in your name or in the Bank’s own name as the Bank may in its sole discretion think fit and may be aggregated together with instructions of the Bank’s other customers.

1.4 Notwithstanding any other provisions hereof, you acknowledge that due to market conditions, instructions may not be able to be carried out by the Stock Broker or, where instructions for application for new issues are concerned, the application may not be successful in its entirety, and in case where only some but not all the instructions for Transactions of the same company, class and denomination are effected by the Bank for you have been successful, the Bank shall allocate such portion of the Securities acquired to you and the Bank’s other customers on such fair and reasonable basis as may be determined by the Bank in its discretion. You shall in any event accept and be bound by the outcome when any instructions are made.

2. INSTRUCTIONS

2.1 All instructions for effecting Transactions which are: (a) at the available market price, shall be at the price or prices obtainable by the Stock Broker at the stock market; and (b) at a set price or for a limit, shall be at the price set or at the limit and above for selling Securities and at the price set or at the limit and below for buying Securities; and the instructions will not be effected if the foregoing conditions, as the case may be, cannot be attained. You hereby expressly acknowledge and agree that due to market conditions, the Stock Broker may not be able to obtain the best available price for you whether in respect of selling or buying Securities.

2.2 Unless the duration of the instruction is specified by you and accepted by the Bank, an instruction for effecting Transactions not executed or in case of partial execution, for such part thereof not executed shall (unless otherwise notified to you by the Bank) automatically lapse and be of no effect by the end of the trading day of the relevant Exchange on which the instruction is given. For the avoidance of doubt, any instruction received by the Bank after the end of a trading day of the relevant Exchange shall be carried forward for execution on the next trading day of that Exchange and the foregoing provisions of this Clause 2.2 shall apply accordingly. You acknowledge and agree that instructions received by the Bank after the end of a trading day of the relevant Exchange may not be executed at the opening market price on the next trading day of that Exchange due to, among other reasons, the time it takes to process and execute the instructions.

2.3 Whether pursuant to Clause 1.4 above or otherwise, instructions for effecting Transactions of a specified quantity may be partially executed. Such portion executed shall be binding on and be accepted by you. If the duration of the instruction is not specified, the portion not executed shall automatically lapse and be of no effect as provided in Clause 2.2 above. If the duration of the instruction is specified, the portion not executed shall stay effective until the earlier of execution or expiry of the instruction or cancellation by you or such period as determined from time to time by the Bank.

2.4 If an instruction cannot be executed or wholly executed, the Bank shall be under no obligations to notify you immediately.

2.5 You agree to ensure that, at the time you give your instructions for buying Securities (including application for Securities pursuant to Clause 3) or selling Securities, there shall be:

(a) in the case of buying Securities, where you have a Securities (Cash) Account, sufficient cleared funds in the Settlement Account(s) or, where you have a Securities (Margin) Account, sufficient available Margin Facilities in the Securities (Margin) Account; or

(b) in the case of selling Securities, sufficient Securities in the Securities Account for settlement of the transaction. Short-selling is not allowed.

2.6 Unless otherwise agreed by the Bank, instructions for buying Securities (including application for Securities pursuant to Clause 3) or selling Securities on your behalf will only be accepted if:

(a) in the case of buying Securities, you have sufficient to meet the cost of buying the Securities (including stamp duties, levies, commissions and all other transaction-related costs, charges and expenses), the available funds or pre-arranged over-draft facilities in the Settlement Account(s) (where you have a Securities (Cash) Account) or, the available Margin Facilities in the Securities (Margin) Account (where you have a Securities (Margin) Account); or

(b) in the case of selling Securities:

(i) you have deposited or arranged for the relevant Securities to be deposited with or transferred to the Bank, and such instructions for Securities to be deposited or transferred have been executed; and/or

(ii) you have duly signed or caused to be signed the instrument of transfer and sold notes or duly endorsed such other documents or evidence of title relating to such Securities as will enable the same to be freely transferred,

in both cases, where the Securities are delivered to the Bank in physical scrip form the Bank may, in order to ascertain the genuineness of the Securities, before effecting the sale hold the Securities for a reasonable period of time or, after effecting the sale, hold the sale proceeds for a reasonable period of time before crediting the amount into, where you have a Securities (Cash) Account, the Settlement Account(s) or, where you have a Securities (Margin) Account, the Securities (Margin) Account, pursuant to the provisions of Clause 4.5.

2.7 Whether or not you have complied with the provision of Clauses 2.5 and 2.6, immediately upon the receipt of an instruction for buying Securities (including application for Securities pursuant to Clause 3) or selling Securities, the Bank shall be entitled to:

(a) in the case of buying Securities, where you have a Securities (Cash) Account, earmark or hold a sum against the credit balance and/or available pre-arranged credit facilities in the Settlement Account(s) or, where you have a Securities (Margin) Account, earmark a sum against the available Margin Facilities in the Securities (Margin) Account, equal to 100% of the value of the Securities (or such other amount as the Bank in its reasonable discretion thinks necessary) together with stamp duties, levies, commissions and all other transaction-related costs, reasonable charges and expenses until the actual receipt of confirmation from the Stock Broker by the Bank that the instruction cannot be effected in full or where pursuant to Clause 1.4 above or otherwise, only part of the instructions is effected, or, where application for new issues are concerned, the application is not successful in its entirety, only part of the application is successful, in which case the Bank may release such sum earmarked or held by the Bank which are in excess of the cost of the Securities purchased or subscribed; and

(b) in the case of selling Securities, where you have a Securities (Cash) Account, earmark or hold a sum against the credit balance and/or available pre-arranged credit facilities in the Settlement Account(s) or, where you have a Securities (Margin) Account, earmark a sum against the available Margin Facilities Securities (Margin) Account, not less than 100% or any percentage of the value of the sale order (as estimated by the Bank in its discretion), or such other amount as the Bank in reasonable discretion thinks necessary together with stamp duties, levies, commissions and all other transaction-related costs, reasonable charges and expenses, until (i) the Securities to be sold have been deposited or transferred to the Bank or its nominee or sub-custodian; or (ii) the actual receipt of the confirmation from the Bank’s broker or agent that the instruction cannot be effected.

2.8 Notwithstanding the foregoing provisions, but subject to Clause 2.5, the Bank may in its reasonable discretion proceed to carry out, effect or implement your instructions for buying Securities (including application for Securities pursuant to Clause 3) or selling Securities even though at the time you give your instructions, you do not have sufficient cleared funds in the Settlement Account(s) or sufficient available Margin Facilities in the Securities (Margin) Account or sufficient Securities in the Securities Account, as the case may be, for settlement of the transaction without further notice to you, in which case:

(a) in the case of buying Securities, you shall, where you have a Securities (Cash) Account, place sufficient cleared funds into the Settlement Account(s) as soon as possible after your giving of the relevant instructions, or, where you have a Securities (Margin) Account, make such payments or deposit of additional Collateral (as defined in Part 5 of these Terms and Conditions) as the Bank may in its sole discretion determine and require in accordance with the provisions of Part 5 of these Terms and Conditions, for the purpose of settlement of the transaction; and

(b) in the case of selling Securities, you shall deposit or arrange for the relevant Securities to be deposited with or transferred to the Bank as soon as possible after your giving of the relevant instructions, for the purpose of settlement of the transaction.

You agree that you are and remain responsible for all settlement and all other obligations arising in connection with any Transaction entered into pursuant to your instructions, regardless of the amount of cleared funds in your Settlement Account(s) or the amount owing to the Bank under the Margin Facilities or Securities in your Securities Account.

3. Subscription for SECURITIES in public offerings

3.1 You may request the Bank to apply for Securities in a new listing and/or issue or sale of Securities (the “New Issue”) on the HKSE as your agent. The Bank is not obliged to accept such request. If the Bank accepts, you authorize the Bank to make such application on your behalf at any time on or before the closing time for making applications.

3.2 If you request the Bank to apply for Securities in a New Issue on your behalf, you shall familiarize yourself with all the terms and conditions governing such New Issue (including terms and conditions relating to application and settlement arrangements), and agree to be bound by and comply with, and authorize the Bank to apply for Securities in the New Issue in accordance with, all such terms and conditions.

3.3 You agree to provide such information, make such representations, warranties and undertakings and take such steps as may be required in connection with any such application. By requesting the Bank to apply for Securities in a New Issue on your behalf, you are deemed to have made such representations, warranties and undertakings as may be required in respect of the relevant application, and to have authorized the Bank to make them on your behalf to the issuer or sponsors of the New Issue or other relevant person. You acknowledge and agree that you may be liable in damages to other persons affected by any breach of such representations, warranties and undertakings and without limiting the effect of any other provisions in this Agreement, you agree to indemnify the Bank for and against any losses, damages, actions, demands, claims, proceedings, liabilities and expenses which the Bank may reasonably suffer, sustain or incur as a result of such breaches provided that such indemnity will not extend to any consequence arising solely from the negligence or default of the Bank.

3.4 You agree that any application for Securities in any New Issue by the Bank at your request will be the only application made by you or on your behalf. You authorize the Bank to represent and warrant to the HKSE and any other relevant person to that effect, and acknowledge that such representation and warranty will be relied upon.

3.5 If the Bank or its agent makes a bulk application for its own account, on your behalf and/or on behalf of the Bank’s other customers, you agree:

(a) that such bulk application may be rejected for reasons unrelated to your application, and neither the Bank nor its agent will, in the absence of fraud, negligence or default, incur any liability arising from such rejection; and

(b) to fully indemnify the Bank against all loss and liability which it may reasonably suffer if such bulk application is rejected due to breach of your representations, warranties or undertakings or other factors relating to you. You acknowledge that you may also be liable to other persons affected by such breach or other factors.

3.6 Subject to Clause 1.4 of Part 6 of the Terms and Conditions of this Agreement, in the event that the application for Securities is unsuccessful or partially unsuccessful and all or some of the application money is refunded, you authorize the Bank or its nominee or sub-custodian to receive the amount refunded and, unless specifically requested by you and agreed by the Bank, such amount shall be credited into, where you have a Securities (Cash) Account, the Settlement Account(s) or, where you have a Securities (Margin) Account, the Securities (Margin) Account and you hereby authorize the Bank to complete the application so as to require the refunded money to be dealt with in the manner stipulated herein.

3.7 You may request the Bank to provide credit facilities to you in connection with the subscription for Securities in a New Issue in accordance with the terms and conditions set out in Part 6 of this Agreement, or as amended from time to time. The Bank is not obliged to accept such request. If the Bank accepts, you agree to be bound by and comply with the terms and conditions set out in Part 6 of this Agreement.

3.8 To the extent that the provisions of this Part are inconsistent with the terms and conditions governing the New Issue or any provisions of this Clause 3, the terms and conditions governing the New Issue and the provisions of this Clause 3 shall prevail. Further, to the extent that the provisions of this Clause 3 are inconsistent with the terms and conditions governing the New Issue, the terms and conditions governing the New Issue shall prevail.

4. SETTLEMENT

4.1 Transactions completed by the Bank as agent for and on your behalf shall be settled two (2) trading days after your trade executes or such other time as determined by the Bank or the relevant Exchange or Clearing House (the “Settlement Date”).

4.2 Without limiting Clauses 2.6, 2.7 and 2.8, you undertake that you shall, where you have a Securities (Cash) Account, make available to the Bank sufficient cleared funds in the Settlement Account(s), or where you have a Securities (Margin) Account, ensure that there is sufficient available Margin Facilities in the Securities (Margin) Account or Securities in the Securities Account for settlement of the transaction on demand or without demand within 24 hours of giving the instructions to the Bank. If you fail to fulfill your settlement obligations by the time specified above, the Bank is authorized to:

(a) in the case of buying Securities (including application for Securities pursuant to Clause 3), transfer or sell any Securities in the Securities Account (including the purchased Securities) as are necessary to satisfy your settlement obligations; and

(b) in the case of selling Securities, execute on your behalf the purchase of such Securities as are necessary to satisfy your settlement obligations.

You shall fully indemnify the Bank on demand against all losses, damages, interest, costs, expenses, actions, demands, claims, proceedings whatsoever which the Bank may reasonably incur, suffer or sustain as a result of effecting such sale or purchase (as the case may be) and matters directly or indirectly relating thereto or otherwise to your default in performance of your settlement obligations save that such indemnity shall not extend to any consequence arising solely from the negligence or default of the Bank.

4.3 In effecting any instruction for selling Securities on your behalf, the Bank is authorized to appropriate, withdraw and/or apply the relevant quantity of the appropriate Securities from the pool of Securities you deposited with the Bank (including the Registered Securities and/or Eligible Securities, as the case may be) so as to enable the Bank to complete the sale of Securities as instructed.

4.4 With respect to Securities purchased by the Bank on your behalf, the Bank is authorized to transfer such Securities upon receipt of the same into your name or, subject to applicable laws and regulations, into the name of the Bank’s nominee or sub-custodian at its sole discretion for your account or, where applicable, deposit any of such Eligible Securities for your account with the CCASS Depository without prior notice to you and such Securities shall be held by the Bank pursuant to the provisions of Part 3 of the Terms and Conditions of this Agreement.

4.5 With respect to Securities sold by the Bank on your behalf, the net proceeds of sale after deducting all brokerage, commission, stamp duty, transaction or other levies, other fees and expenses reasonably incurred in selling the relevant Securities as instructed shall first be applied towards payment and discharge (whether in full or partially) of all indebtedness (if any) due and owing to the Bank under this Agreement and the surplus (if any) shall be credited into, where you have a Securities (Cash) Account, the Settlement Account(s) or, where you have a Securities (Margin) Account, the Securities (Margin) Account.

PART 3 TERMS AND CONDITIONS FOR CUSTODY SERVICES

The terms and conditions set out below are not intended to be exhaustive and must be read together with the other provisions of this Agreement, in particular (but not limited to) the General Terms and Conditions set out in Part 1. In the case of inconsistency between the terms of this Part 3 and any term of Part 1 of this Agreement, the terms of this Part 3 shall prevail.

1. The Bank is hereby appointed and authorized to perform custodian services for you in respect of Securities held in the Securities Account upon the terms and conditions contained herein.

2. You hereby authorize the Bank, in respect of all Securities deposited by you with the Bank or purchased or acquired by the Bank on your behalf, and held by the Bank for safe keeping:

(a) to register the Securities in your name or in the name of the Bank’s nominee or sub-custodian (including any member of the CMB Wing Lung Group);

(b) to deposit the Securities in safe custody, subject to applicable laws and regulations, in a designated account with an authorized institution or another intermediary licensed under the SFO to deal in securities;

(c) with respect to Eligible Securities, to deposit such amount of Eligible Securities as the Bank in its absolute discretion determine in the CCASS Depository either in the form deposited or registered or re-issued in the name of HKSCC or in the name of the CCASS Nominee; and/or

(d) with respect to Securities other than Securities traded on the HKSE, to deposit such amount of Securities as the Bank in its absolute discretion determine in an overseas depository, subject to the rules, regulations, requirements and procedures of such depositary or the relevant clearing system.

3. The Bank reserves the right to reject a deposit of Securities, refuse to accept a re-deposit of Securities or return the Securities deposited with the Bank to you without closing the Securities Account, in which case you shall accept deliver of the same forthwith.

4. With respect to Securities that are in your name or in the name of any third party, the Bank may not accept the deposit of such Securities unless such Securities are in registered form and registered in your name(s) or in the name of the CCASS Nominee and you shall provide to the Bank the documents of title relating to the Securities in registered form.

5. With respect to Securities deposited with the Bank which are not in the Bank’s name, you hereby authorize the Bank or its nominee or sub-custodian, in the Bank’s absolute discretion:

(a) if required by the laws governing the Securities or the laws governing the operation of the Bank or its nominee or sub-custodian, to complete and deliver on your behalf as owner thereof any ownership certificates, declaration or information in connection with the Securities;

(b) to surrender any of the Securities against receipt of the monies payable at maturity or on redemption if called prior to maturity, provided that where the Securities are called for redemption prior to maturity the Bank or its nominee or sub-custodian shall have no duty or responsibility to present the Securities for redemption, unless, after the call is made, requests in writing is given to the Bank by you so to do;

(c) to comply with the provisions of any law, regulation or order now or hereafter in force which purport to impose on a holder of any of the Securities a duty to take or refrain from taking any action in connection with any of the Securities payments or distributions or monies payable in respect of any of such Securities;

(d) to exchange any of the Securities in interim or temporary form for Securities in definitive form;

(e) to sell or dispose of fractional share to which you may be entitled for the Bank’s own account and benefit absolutely; and

(f) to take any action, exercise any rights or satisfy any liabilities arising in respect of the Securities as the Bank or its nominee or sub-custodian considers advisable or expedient or if the Bank or its nominee or sub-custodian considers that it should not be possible to obtain your instructions or if you have not responded to the Bank’s request or that of its nominee or sub-custodian for instructions within a reasonable period of time or if, in the opinion of the Bank or its nominee or sub-custodian, it would involve undue delay or expense to obtain such instructions.

You hereby acknowledge and agree that the authority given under this Clause 5 sub-clauses (d) to (f) will be effective for a period of up to 12 months and may be renewed in accordance with applicable laws and regulations.

You may revoke the authority given under this Clause 5 sub-clauses (d) to (f) at any time by giving not less than 14 days’ notice in writing to the Bank.

6. Unless otherwise agreed, you hereby authorize the Bank to collect on your behalf dividends, interest and other payments of income or capital in respect of the Securities deposited with the Bank and to take such action at your costs and expenses which the Bank or its nominee or sub-custodian deems appropriate to effect such collection. The Bank shall credit the amount collected after deduction of all reasonable fees, costs and expenses incurred therewith into the Settlement Account(s) or the Securities (Margin) Account, as the case may be. Where the Securities form part of a larger holding of identical Securities held for customers of the Bank, you shall be entitled to a share of the benefits proportional to your share of the total holding.

7. Where the Bank or its nominee or sub-custodian has received any notices or communications for which your instruction is required in respect of any transactions or matters which involve rights or obligations to make payments, tender Securities, or acquire or subscribe for Securities, where such rights or obligations arise as a result of Securities held in your Securities Account, the following provisions shall apply:

(a) The Bank or its nominee or sub-custodian will make reasonable efforts to inform you of the same.

(b) If you shall fail to instruct the Bank within the time prescribed by the Bank to reply: (i) in the case of any transactions or matters which involve rights to make payments, tender Securities, or acquire or subscribe for Securities where the rights are not obligatory, it shall be conclusively deemed that you have irrevocably renounced all your rights and entitlements regarding such transactions or matters and the Bank is entitled to deal with such transactions or matters in the Bank’s own right; (ii) in the case of any transactions or matters which involve obligations to make payments, tender Securities, or acquire or subscribe for Securities or which involves rights to make payments, tender Securities, or acquire or subscribe for Securities where the rights are obligatory, the Bank is entitled and is hereby authorized at its absolute discretion either to: (1) in the case where you have opened a Securities (Cash) Account(s), debit such amount to the Settlement Account(s) and, in the case where you have opened a Securities (Margin) Account(s), debit such amount to the Securities (Margin) Account, or if there are insufficient funds in the Settlement Account(s) or insufficient available Margin Facilities in the Securities (Margin) Account, as the case may be, debit such amount to any of your account with the Bank whether of savings, current, fixed deposit (matured or not yet mature); or (2) deduct the same from the proceeds, if any, of the transactions effected; or (3) realize part of the Registered Securities to raise sufficient moneys to settle such obligations or obligatory rights; or (4) pay on your behalf for such obligations or obligatory rights, the payment of which shall be an advance of money to you and secured by the Registered Securities and shall be repayable by you on demand, together with interest thereon at the rate and calculated in the manner as reasonably determined by the Bank and the Registered Securities shall stand charged to such payments as well; and (iii) in any other case, the Bank is authorized at its absolute discretion to take or omit to take any action as it believes in good faith to be appropriate or expedient.

(c) If you shall instruct the Bank to take up any rights to acquire or subscribe for Securities by subscribing the requisite shares or other securities, the Bank is not obliged to do so unless and until sufficient immediately available funds have been received by the Bank within the time limit as set out in Clause 7(b) above and in default thereof, the provisions of Clause 7(b) shall apply as if you have failed to instruct the Bank in time.

(d) All shares allotted pursuant to rights taken up by or on your behalf under Clause 7(c) above (but excluding those which you have renounced in the Bank’s favour) shall form part of the Registered Securities or Eligible Securities.

8. Subject to Clause 7 or save as otherwise agreed by the Bank, the Bank or its nominee or sub-custodian shall have no duty or responsibility: (a) to forward notices and communications received to you or for any failure to inform you in sufficient time for instructions to be given to the Bank with regard to any matters referred to in any such notice or other communications; (b) to ascertain or inform you with respect to or for taking any action concerning calls, conversions, offers, redemption, dividends, coupons, payments or any similar matters; (c) to send proxies received by the Bank in respect of the Securities or give any notice of the receipt of such proxies to you.

9. You may appoint the Bank or its nominee or sub-custodian as proxies or representatives for the purpose of attending and voting at meetings of holder of Securities or other similar purposes and you may give instructions to the Bank with regard to the exercise of rights or entitlements accruing to such Securities or to participate in other actions, transactions or matters affecting such Securities. The Bank is not obliged to act upon your instructions unless such instructions are given to the Bank at least two (2) Business Days before the date of the relevant event and until the Bank or its nominee or sub-custodian has been indemnified and/or secured to the Bank’s reasonable satisfaction against any and all costs, expenses, or liabilities which the Bank or its nominee or sub-custodian would or might reasonably incur as a result.

10. Save as provided in Clause 9, the Bank or its nominee or sub-custodian shall be entitled to act in the Bank’s absolute discretion as regards attendance at meetings or voting in respect of any of the Securities or as regards any subscription, conversion or other rights in respect thereof or as regards any merger, consolidation, reorganization, receivership, bankruptcy or insolvency proceedings, compromise or arrangement or the deposit of any of the Securities in connection therewith or otherwise. The Bank or its nominee or sub-custodian shall be under no duty to investigate or participate therein or take any affirmative action in connection therewith.

11. You may withdraw Securities at any time by giving at least three (3) Business Days’ prior written notice to the Bank duly signed by the Authorized Person(s)/ Representative(s) provided always that:

(a) where any Securities are in the course of being processed for transfer to and registration in the name of the Bank’s nominee or sub-custodian or has been submitted for registration or reissue in the name of HKSCC or in the name of the CCASS Nominee, you shall have no right to withdraw such Securities until the same have been received by the Bank’s nominee or sub-custodian after due registration or the same have become available for withdrawal from the CCASS Depository; and

(b) where you are indebted to the Bank, you may not be permitted to effect any such withdrawal if the Bank determines in its discretion that any such withdrawal may affect or prejudice its rights against you in respect of such indebtedness; and

(c) the Bank shall have no duty or responsibility to return to you Securities bearing serial numbers identical with those delivered to the Bank so long as the Securities returned are of the same class, denomination and nominal amount and rank pari passu with those originally accepted by the Bank, subject always to any capital reorganization which may have occurred in the meantime; and

(d) withdrawal of Registered Securities of any class shall be in multiples of the lowest denomination (whether in board lots or otherwise) of Securities of that class and shall be effected at the Bank’s branch where your Securities Account is opened; and

(e) in respect of withdrawal of Eligible Securities, upon your request:

(i) the Eligible Securities may be withdrawn in registered form and, subject to availability of the type and quantity of certificates requested, you may elect to withdraw either new certificates or old certificates and the withdrawal of such certificates shall be in board lots or such other denominations as may be specified by HKSCC; or

(ii) the Eligible Securities may be withdrawn by transferring the Eligible Securities to an account of another CCASS participant, in which case you are deemed to have withdrawn the Eligible Securities upon execution by the Bank of such instructions for the Eligible Securities to be transferred and the Bank shall not be under any duty to ensure that such Eligible Securities have been received by the CCASS participant named by you or to confirm with such participant that the same is to hold the Eligible Securities to your order.

Other than provided in Clause 11(e)(ii), the delivery by the Bank of the Securities to the Authorized Person(s)/ Representative(s) or other designated persons named in a delivery order believed by the Bank in good faith to have been issued by you, or where no designated person is named in the delivery order, the bearer of the delivery order shall absolutely discharge the Bank from all liabilities therefor Provided Always That notwithstanding the above, (a) you may instruct the Bank to sell the Securities concerned subject to the terms of this Agreement without producing any delivery instructions; and (b) the Bank reserves the right to request you to be personally present for withdrawal.

12. You shall pay to the Bank on demand all custodian fees as the Bank may from time to time determine together with all reasonable costs, expenses and disbursements incurred by the Bank in connection with its performance of the duties hereunder.

13. You agree that Securities deposited with the Bank shall be at your sole risk save in respect of loss or damage suffered by you by reason of negligence, default or fraud in the performance of the Bank’s duties hereunder but in any event the Bank’s liability shall be limited to the extent stated in Clause 14.7 of Part 1 of the Terms and Conditions of this Agreement.

14. The Bank or its nominee or sub-custodian shall not be liable in respect of any loss or damage suffered by you including but not limited to any deduction (by way of taxation or otherwise) from any funds or payments received whether or not due to or arising out of the handling or dealing by the Bank or its nominee or sub-custodian with the Registered Securities, Eligible Securities or Transactions unless the loss or damage is a direct and immediate consequence of an act of negligence, misconduct or fraud of any of the agents or staff of the Bank or its nominee or sub-custodian.

15. The Bank shall be entitled at any time without giving any reason therefore to close the Securities Account by giving you fourteen (14) days’ advance notice in writing and upon expiration of such notice, the Bank shall return the Securities by registered post at your risk and expenses and you shall accept delivery of the same forthwith.

PART 4 TERMS AND CONDITIONS FOR SECURITIES SAVINGS SCHEME

The terms and conditions set out below are not intended to be exhaustive and must be read together with the other provisions of this Agreement, in particular (but not limited to) the General Terms and Conditions set out in Part 1. In the case of inconsistency between the terms of this Part 4 and any term of Part 1 of this Agreement, the terms of this Part 4 shall prevail.

1. INTERPRETATION

In this Part, except where the context otherwise requires:

“Instructions” means instructions by you to the Bank to purchase Securities at regular monthly intervals in accordance with the terms of this Part, and “Instruction” means any of such instructions.

“Payment Date” means such day of each month, as may be determined by the Bank from time to time upon prior notice to you, on which the aggregate of the purchase prices for all Securities to be purchased under outstanding Instructions shall be debited by the Bank from the Settlement Account, or if such day is not a Business Day, the next following Business Day.

“Securities” has the meaning ascribed thereto in Schedule 1 of the SFO and, for the avoidance of doubt, shall include securities listed or traded on the SEHK.

“Transaction Date” means, in respect of each calendar month, the second Business Day after the Payment Date for that calendar month.

2. APPOINTMENT OF BANK

The Bank is hereby appointed as your agent for the purposes of purchasing Securities for your account at regular monthly intervals in accordance with and subject to the terms and conditions contained herein.

3. SCOPE OF SERVICE

3.1 You may, from time to time, give Instructions to the Bank to purchase Securities for your account at regular monthly intervals. Each Instruction must be given in such form and manner as the Bank may specify from time to time and must state: (a) the type of Securities to be purchased; (b) the sum to be invested by you each month for the purchase of such Securities; and (c) such other information as the Bank may require (whether generally or in any particular case). The Bank may, at its sole discretion, decide whether to accept or not to accept any Instruction.

3.2 If the Bank accepts an Instruction, the Bank shall be authorized to purchase the relevant Securities specified by you in such Instruction as your agent in accordance with the terms of this Part.

3.3 On each Transaction Date, the Bank shall, at its discretion, determine the number of units of the Securities selected by you in each outstanding Instruction which could be purchased on that Transaction Date at the prevailing market price on the HKSE with an amount not exceeding your monthly contribution relating to such Securities as stated in that Instruction. The Bank shall use its reasonable endeavour to purchase for your account such number of units of the Securities, having regard to the board lot size or other prescribed denomination for trading of such Securities on the HKSE, provided that the Bank shall in no event be obliged to purchase Securities in odd lots or otherwise in amounts other than the relevant prescribed trading denomination. The Bank shall have discretion exercised reasonably to determine the time to place the order for the Securities, the manner of bidding for the Securities and the bid price to be submitted for the Securities.

3.4 You acknowledge that prices of Securities may fluctuate substantially on and within each trading day, and there is no assurance that the Bank shall be in a position to obtain the best price for the relevant Securities on any Transaction Date. You acknowledge that the amount of Securities actually purchased by the Bank for your account on each month shall depend on, among other things, the prevailing price of the Securities at the time the order is successfully executed and is not within the control of the Bank. There can be no assurance that there will be liquidity on the HKSE for the Securities selected by you. By reason of the rapid changes in the prices of Securities, lack of sellers for certain Securities or overwhelming demand for certain Securities on the HKSE that frequently take place, or other reasons beyond the Bank's reasonable control, there may, on occasions and despite the Bank’s reasonable endeavours, be failure on the part of the Bank to purchase any of the Securities selected by you in an outstanding Instruction. You acknowledge that Bank will place an order for the purchase of the relevant Securities for your account on the Transaction Date only and at the bid price reasonably determined by Bank to be appropriate taking into account the market conditions on that date and/or at the time of order execution, and that such order will lapse to the extent it is unfulfilled at the end of the official trading day of the HKSE on that date. You acknowledge and agree that the Bank shall have no liability whatsoever for any losses or damages that you may suffer or incur by reason of the Bank’s failure to acquire any Securities for your account pursuant to this Part save where such losses or damages arise solely from the negligence or default of the Bank.

3.5 The Bank is expressly authorized to aggregate any order for Securities made on your behalf with those of its own or with orders made on behalf of the other customers of the Bank. In the event that an aggregated order is not performed in full, the Bank shall have the discretion to allocate the amount of Securities purchased amongst its customers (including you) on such basis as it reasonably deems equitable. The Bank or its stock broker may, but is not obliged to, purchase for its own account similar types of Securities to be purchased by the Bank on behalf of its customer (including you) in order to ensure that an aggregated order in a whole board lot size (or other prescribed trading denomination) for the relevant Securities may be executed on the HKSE.

3.6 In the event that trading on the HKSE in any of the Securities selected by you in an outstanding Instruction is suspended on the Transaction Date of any month, the following provisions shall apply:

(a) if the suspension occurs before the Bank has effected the purchase, the Bank shall effect the purchase of Securities for your account as soon as practicable after the Securities resume trading on the HKSE; and

(b) if the suspension occurs after the Bank has effected the purchase, the provisions of this Agreement shall apply and you shall be bound by the outcome of the outstanding Instruction.

4. SETTLEMENT ACCOUNT

4.1 For the purpose of this Part, you may by notice in writing to the Bank in such form and manner as the Bank may specify from time to time specifying the number of a new Settlement Account (which must be a bank account maintained by you with the Bank) change the bank account which is to be the Settlement Account. Such notice shall take effect only upon confirmation by the Bank in writing.

4.2 You must maintain the Securities Account in order to access the services provided by the Bank under this Part. The Bank will not effect any purchase of any Securities on your behalf if your Securities Account is terminated for any reasons whatsoever.

4.3 The term “Settlement Account” used in this Part shall mean:

(a) with respect to Instructions for purchase of Securities that are traded and settled in Hong Kong dollars, the Hong Kong Dollar Settlement Account only. You must not designate a Settlement Account which is in foreign currency and the Bank shall not be obliged to take into account any credit balance in any foreign currency account maintained with the Bank when effecting transactions pursuant to the Instructions; and

(b) with respect to Instructions for purchase of Securities that are traded and settled in currency other than Hong Kong dollars, the Foreign Currency Settlement Account only. You must not designate a Settlement Account which is in Hong Kong dollar and the Bank shall not be obliged to take into account any credit balance in any Hong Kong dollar account maintained with the Bank when effecting transactions pursuant to the Instructions.

5. SECURITIES ACCEPTABLE FOR PURCHASE

The Bank shall accept Instructions from you for the monthly purchase of only such Securities listed or dealt with on the HKSE as the Bank may from time to time specify in its list of approved Securities for the purposes of the Bank’s Securities Savings Scheme.

6. PAYMENT

6.1 You agree to make a monthly contribution to your Settlement Account of the total amount specified in all of your outstanding Instructions for the purchase of Securities under this Part or otherwise ensure that the Settlement Account shall have sufficient cleared funds to pay for your aggregate monthly contributions for each month on the relevant Payment Date.

6.2 You hereby authorize the Bank to debit the Settlement Account for all of your monthly contributions for the purchase of Securities under this Part. Payment for your monthly contributions shall be deducted from the Settlement Account on each Payment Date. You undertake and agree to put the Settlement Account in cleared funds prior to each Payment Date for your monthly contributions under this Part. The Bank shall not be obliged to arrange for the purchase of any Securities for any month in which the Settlement Account does not have sufficient cleared funds to pay for your aggregate monthly contributions for that month.

6.3 You shall bear all reasonable charges and liabilities incurred in connection with this Agreement, including but not limited to, the purchase price of Securities and all reasonable expenses, trading fees, commissions, stamp duty, tax and levy incurred in the purchase of Securities for your account, and the Bank is expressly authorized to apply your monthly contributions received by it towards the settlement of such reasonable charges and liabilities. Any amount of your monthly contributions received by the Bank which is not applied towards the settlement of the aforesaid charges and liabilities shall be refunded, without interest, to the Settlement Account.

6.4 Without prejudice to other provisions in this Agreement, the Bank shall have the right to terminate some or all of your outstanding Instructions, in each case whether in whole or in part by reference to specific Securities selected therein, without prior notice to you if the Settlement Account does not have sufficient cleared funds for payment of your aggregate monthly contributions for three consecutive months.

7. INSTRUCTIONS

7.1 All instructions from you to the Bank in connection with this Part shall be given by you in writing or in such other manner as may be approved by the Bank from time to time. Where you give instructions in writing, it must be duly signed by you and will only be valid and effective upon receipt by the Bank within the time prescribed by the Bank. Although the Bank undertakes to exercise reasonable care in examining the signatures of its customers and their duly appointed representatives, it shall have no obligation to authenticate any such instructions or verify the identity of any person giving such instructions. All instructions believed by the Bank in good faith to have been given or purported to be given by you or the Authorized Person(s) / Representative(s) are binding on you. The Bank assumes no liability whatsoever for the consequences of falsifications or faulty identification, except in the event of negligence or default on its part.

7.2 Without prejudice to Clause 7.1, all instructions for (a) termination of any current outstanding Instruction, or (b) any variation or amendment to any current outstanding Instruction must be received by the Bank at least five Business Days prior to the next Payment Date. The Bank shall be entitled to debit the Settlement Account for your monthly contributions for the month in accordance with your current outstanding Instructions as appearing in the Bank’s records, and all of the provisions hereof in relation to execution and settlement of purchases of Securities shall apply for that month, if your instructions for the termination of any outstanding Instruction or your instructions for any variation or amendment to your current outstanding Instructions are received by the Bank less than five Business Days prior to the Payment Date for that month, and the Bank shall not be responsible or liable for any loss or expense suffered or incurred by you in connection therewith.

8. CUSTODY OF SECURITIES

Securities purchased for your account shall be registered in your name or, subject to applicable laws and regulations, in the name of the Bank’s nominee or sub-custodian and held in safe custody in accordance with the terms of Part 3 of the Terms and Conditions of this Agreement.

9. LIMITATION ON LIABILITY

9.1 The provision of the services hereunder does not constitute the Bank a trustee and the Bank shall have no trust or other obligations in respect of your monthly contributions or the Securities purchased for your account.

9.2 The Bank is under no duty to examine or verify the validity of the ownership of or title to any Securities and shall not be liable in respect of any defect in ownership or title.

9.3 Notwithstanding any other provision hereof, the Bank shall not be liable for losses of any kind which may be incurred by you as a result of the provision by it of the services hereunder unless due to the negligence or default of the Bank or any other person appointed by it or their respective officers or employees.

10. YOUR RESPONSIBILITY FOR SELECTION OF SECURITIES

10.1 The Bank shall not be obliged to give any advice to you as to the selection of Securities to be purchased by you under this Agreement.

10.2 You represent and warrant to the Bank that any of your decision to purchase or to cease the purchase of Securities under this Agreement shall be based on your own judgement and that you have relied upon information and advice obtained by you independently, and not on any advice or information provided by the Bank.

PART 5 TERMS AND CONDITIONS FOR MARGIN TRADING

(For Securities (Margin) Account Customers only)

The terms and conditions set out below are not intended to be exhaustive and must be read together with the other provisions of this Agreement, in particular (but not limited to) the General Terms and Conditions set out in Part 1. In the case of inconsistency between the terms of this Part 5 and any term of Part 1 of this Agreement, the terms of this Part 5 shall prevail.

1. DEFINITION

In this Part, except where the context otherwise requires:

"Charge" means the charge over the Collateral pursuant to Clause 3.1.

“Collateral” means such Securities or other assets of yours charged to the Bank as continuing security for the Margin Facilities, more particularly described in Clauses 3.1 and 3.2.

2 CREDIT FACILITIES

2.1 The Bank may, in its sole and absolute discretion, grant to you Margin Facilities in an amount not exceeding a prescribed percentage (as determined by the Bank from time to time in its sole and absolute discretion) of the market value of the Collateral maintained with the Bank, as determined by the Bank from time to time in its sole and absolute discretion. The provision of any such Margin Facilities shall be subject to the terms and conditions of this Agreement. The Bank shall be entitled to revise the amount subject to the Margin Facilities from time to time in its absolute discretion.

2.2 You hereby authorize the Bank to draw on the Margin Facilities to settle any amounts due and owing to the Bank in respect of any Transactions executed on your behalf or in connection with any Services provided by the Bank pursuant to this Agreement.

2.3 You agree to pay immediately in full and on demand any amount owing to the Bank under the Margin Facilities.

2.4 Without prejudice to Clause 2.3, you shall on demand immediately make such payment or deposit with or transfer to the Bank or its nominee or sub-custodian such additional cash and/or Securities approved by the Bank in such amount as the Bank may in its absolute discretion determine so as to provide adequate security in respect of the Margin Facilities. Any failure by you to comply with this Clause will constitute an Event of Default under Clause 12.1 of Part 1 of the Terms and Conditions of this Agreement.

2.5 The Bank shall not be obliged to provide any Margin Facilities to you at any time. In particular, the Bank may at its absolute discretion refuse to advance any money to you under the Margin Facilities if any of the following events occur:

(a) you are in default of any provisions of the terms of this Agreement;

(b) in the opinion of the Bank there is or has been a material adverse change in your financial condition or in the financial condition of any person which might adversely affect your ability to discharge your liabilities or perform your obligations under this Agreement;

(c) making an advance would cause the applicable limit of the Margin Facilities to be exceeded;

(d) the Bank in its absolute discretion considers it prudent or desirable for its protection not to do so; or

(e) an Event of Default has occurred.

2.6 You agree to pay interest to the Bank in respect of any debit balance on the Securities (Margin) Account(s) or any amount otherwise owing to the Bank at any time at such rate as may be specified from time to time by the Bank. Such interest shall accrue on a day-to-day basis and shall be payable on the last day of each calendar month or upon any demand being made by the Bank.

2.7 Subject to restrictions that may be imposed by the Bank from time to time in its sole discretion, you may from time to time effect transfer of funds from the Settlement Account to the Securities (Margin) Account or from the Securities (Margin) Account to the Settlement Account.

3. COLLATERAL

3.1 In consideration of the Bank granting Margin Facilities to you or continuing to grant Margin Facilities to you from time to time, you hereby, as beneficial owner, charge to the Bank by way of first fixed charge all Securities or other assets which are now or which shall at any time hereafter be deposited with the Bank or its nominee or sub-custodian by you, or shall come into the possession, custody or control of the Bank or its nominee or sub-custodian for any purpose whatsoever, including additional or substituted Securities, as continuing security for the payment and satisfaction of demand of all or any of monies and liabilities absolute or contingent which are now or at any time hereafter owing or outstanding, or may become owing or outstanding, by you to the Bank together with interest (at a rate to be determined by the Bank in its sole and absolute discretion until payment), commission, legal costs, other charges, fees and expenses and the due and punctual performance and observance by you of all obligations contained in this Agreement.

3.2 The Securities charged to the Bank by you pursuant to Clause 3.1 above shall include:

(a) all your rights, title and interest in and to the Securities which shall at any time hereafter and from time to time be purchased or held by the Bank or its nominee or sub-custodian for or on your account pursuant to the terms hereof, together with all dividends or interest paid or payable on and all stocks, shares, rights, monies or other property accruing or offered at any time by way of redemption, substitution, bonus, preference, option or otherwise to or in respect of any of the Securities and all allotments, accretions, offers, rights, distributions benefits and advantages whatsoever at any time accruing, made, offered or arising in respect of any of the same; and

(b) all and any funds standing to the credit of the Settlement Account(s) and the Securities (Margin) Account and all funds held by the Bank for or on your account from time to time.

3.3 Nothing in this Agreement shall be construed as placing on the Bank any liability whatsoever in respect of any calls, instalments or other payments relating to any of the Securities subject to the Collateral or any rights, shares or other securities accruing, offered or arising as aforesaid, and you shall indemnify the Bank in respect of all calls, instalments or other payments relating to any of the Securities subject to the Collateral and to any rights, shares and other securities accruing, offered or arising as aforesaid in respect of any of the Securities subject to the Collateral.

3.4 The Charge shall be a continuing security and shall cover and secure the ultimate balance from time to time owing by you to the Bank, notwithstanding the insolvency or liquidation or any incapacity or change in the constitution or status of you or any other person or any intermediate settlement of account or other matter whatsoever. The Charge is in addition to, and independent of, any guarantee, indemnity, assurance, pledge, lien, bill, note, mortgage, charge, debenture, security or other right, power or remedy now or hereafter held by or available to the Bank.

3.5 You hereby represent and warrant to the Bank that during the continuance of the Charge over the Collateral and other sums owing by you to the Bank hereunder, you have and will maintain unencumbered and absolute title to the Collateral (subject to and only to the Charge).

3.6 You hereby undertake to the Bank that during the continuance of the Charge, you shall:

(a) deposit with the Bank or to its order, all certificates, instruments and evidence of title to the Collateral, together, where appropriate, with all such necessary forms of transfer as the Bank may from time to time require; and

(b) at any time and from time to time upon request by the Bank execute such further legal or other mortgages, charges or assignments and do all such transfers, assurances, acts and things as the Bank may require over or in respect of the Collateral to secure all monies, obligations and liabilities hereby covenanted to be paid or hereby secured or for the purposes of perfecting and completing any assignment of the Bank’s rights, benefits or obligations hereunder and you shall also give all notices, orders and directions which the Bank may require.

3.7 Without limiting the foregoing, you agree from time to time to execute and sign or to procure that the person for the time being holding any of the Securities subject to the Collateral as your nominee executes and signs all transfers, powers of attorney, proxies and other documents which the Bank may require for perfecting the Bank’s title to any of the Securities subject to the Collateral or for vesting or enabling it to vest the same in itself, its nominee or in any purchaser.

3.8 You will do or permit to be done everything which the Bank may from time to time require to be done for the purpose of enforcing the Bank’s rights hereunder and will allow your name to be used as and when required by the Bank for that purpose.

3.9 You irrevocably appoint the Bank by way of security to be your attorney (with full power of substitution) and in your name or otherwise on your behalf and as your act and deed to sign, seal, execute, deliver, perfect and do all deeds, instruments, acts and things which may be required or which the Bank believes in good faith to be proper or expedient for carrying out any obligations imposed on you hereunder or for exercising any of the powers hereby conferred or for giving to the Bank the full benefit of this security and so that the appointment hereby made shall operate to confer on the Bank authority to do on behalf of you anything which you can lawfully do by an attorney. You hereby ratify and confirm and agree to ratify and confirm any deed, instrument, act or thing which such attorney or substitute may execute or do.

3.10 Throughout the continuance of this Agreement and so long as any indebtedness remains owing to the Bank, the Bank shall be entitled at any time and from time to time to refuse any withdrawal of any or all of the Collateral.

3.11 The Bank or its nominee or sub-custodian may exercise at its discretion (in your name or otherwise at any time whether before or after any demand for payment hereunder and without any further consent or authority on your part) in respect of the Collateral, any voting rights as if the Bank or its nominee or sub-custodian was a sole beneficial owner thereof and all the rights and powers given to trustees under Sections 11(4) and (5) of the Trustee Ordinance in respect of securities or property subject to a trust and any powers or rights which may be exercised by the person or persons in whose name or names the Collateral are registered under the terms thereof or otherwise.

3.12 The Bank shall not be under duty to present any interest coupon or any bond or stock which may be called or drawn for repayment or redemption, or to pay any call or instalment which may become payable on or to accept any offer relating to any of the Collateral, or to notify you of any of such matters or of any communications received by the Bank in respect of the Collateral.

3.13 All costs, charges and expenses reasonably incurred under this Agreement by the Bank and all other moneys reasonably paid by the Bank in perfecting or otherwise in connection with this Charge or in respect of the Collateral, including all costs in proceedings for enforcement of the security hereby constituted or for obtaining payment of the moneys hereby secured shall be recoverable from you as a debt, and may be debited to any of your account with the Bank, and shall be charged on the Securities and the charge hereby conferred shall be in addition and without prejudice to any and every other remedy, lien or security which the Bank may have or but for such charge would have for the moneys hereby secured or any part thereof.

4. DISPOSAL OF COLLATERAL

4.1 You hereby authorize the Bank to dispose of, or initiate the disposal by the Bank’s nominee or sub-custodian of, any or all of the Collateral, on such terms as the Bank may determine in good faith, in settlement of any liability owed by or on your behalf to the Bank, its nominee or sub-custodian, or a third person.

4.2 You further authorize the Bank to:

(a) apply any or all of the Collateral pursuant to a securities borrowing and lending agreement (as defined under the SFO); or

(b) deposit any or all of the Collateral with an authorized institution as collateral for any financial accommodation provided to the Bank; or

(c) deposit any or all of the Collateral with a recognized clearing house (as defined under the SFO) as collateral for the discharge and satisfaction of the Bank’s settlement obligations and liabilities; or

(d) deposit any or all of the Collateral with another intermediary licensed under the SFO to deal with securities as collateral for the discharge and satisfaction of the Bank’s settlement obligations and liabilities.

You hereby acknowledge and agree that the authority given under this Clause 4.2 will be effective for a period of up to 12 months and may be renewed in accordance with applicable laws and regulations.

You may revoke the authority given under this Clause 4.2 at any time by giving not less than 14 days’ notice in writing to the Bank.

4.3 In the event of any disposal of Collateral pursuant to Clause 4.1:

(a) the Bank shall not be responsible for any loss arising out of any such sale or any postponement thereof howsoever caused and whether or not a better price could or might have been obtained upon the sale of the Collateral or any of them by deferring or advancing the date of such sale or otherwise howsoever if the Bank has already used reasonable endeavors to sell or dispose of the Collateral or any part thereof at the then available market price;

(b) you undertake to pay to the Bank any deficiency if the net proceeds of sale shall be insufficient to cover all the outstanding balances owing by you to the Bank.

4.4 The Bank is authorized to give a good discharge of any moneys received by it pursuant to the disposal of the Collateral and a purchaser shall not be bound to enquire whether the disposal has arisen as herein provided nor be concerned with the manner of application of the proceeds of the disposal.

PART 6 TERMS AND CONDITIONS FOR NEW ISSUE FINANCING

The terms and conditions set out below are not intended to be exhaustive and must be read together with the other provisions of this Agreement, in particular (but not limited to) the General Terms and Conditions set out in Part 1 and Clause 3 of the Terms and Conditions for Securities Trading Services set out in Part 2 of this Agreement. In the case of inconsistency between the terms of this Part 6 and any term of Part 1 of this Agreement, the terms of this Part 6 shall prevail.

1 CREDIT FACILITIES

1.1 Upon your request, the Bank may in its sole and absolute discretion grant to you a loan (the “Loan”) to be used exclusively to finance the subscription by you of Securities in accordance with Clause 3 of Part 2 of the Terms and Conditions of this Agreement. The provision of any such Loan shall be subject to the terms and conditions of this Part.

1.2 You agree to repay in full and on demand any amount owing to the Bank under the Loan.

1.3 You agree to pay interest to the Bank in respect of the Loan at such rate as may be specified from time to time by the Bank. Such interest shall accrue on a day-to-day basis and shall be payable on the last day of each calendar month or upon any demand being made by the Bank.

1.4 In the event that the application for Securities is unsuccessful or partially unsuccessful and all or some of the application money is refunded, you authorize the Bank to apply such money to reduce the amount of the Loan, the interest thereon and other sums payable hereunder.

1.5 You acknowledge and agree that the Loan shall be used exclusively for the specific purpose of financing the subscription by you of Securities in accordance with Clause 3 of Part 2 of the Terms and Conditions of this Agreement. You further acknowledge and agree that the Bank shall continue to have an equitable interest in the proceeds of the Loan until the Loan is utilized for such specific purpose.

2. COLLATERAL

2.1 In consideration of the Bank granting the Loan to you, you hereby, as beneficial owner, charge to the Bank by way of first fixed charge all Securities or other assets which are now or which shall at any time hereafter be deposited with the Bank or its nominee or sub-custodian by you, or shall come into the possession, custody or control of the Bank or its nominee or sub-custodian for any purpose whatsoever, including additional or substituted Securities or Securities subscribed for under the New Issue (together, the “Collateral”), as continuing security for the payment and satisfaction or demand of all or any of monies and liabilities absolute or contingent which are now or at any time hereafter owing or outstanding, or may become owing or outstanding, by you to the Bank together with interest (at a rate to be determined by the Bank in its sole and absolute discretion until payment), commission, legal costs, other charges, fees and expenses and the due and punctual performance and observance by you of all obligations contained in this Agreement.

2.2 The Securities charged to the Bank by you pursuant to Clause 2.1 above shall include:

(a) all your rights, title and interest in and to the Securities which shall at any time hereafter and from time to time be purchased or held by the Bank or its nominee or sub-custodian for or on your account pursuant to the terms hereof, together with all dividends or interest paid or payable on and all stocks, shares, rights, monies or other property accruing or offered at any time by way of redemption, substitution, bonus, preference, option or otherwise to or in respect of any of the Securities and all allotments, accretions, offers, rights, distributions benefits and advantages whatsoever at any time accruing, made, offered or arising in respect of any of the same; and

(b) all and any funds standing to the credit of the Settlement Account(s) and the Securities (Margin) Account (if applicable) and all funds held by the Bank for or on your account from time to time.

2.3 Nothing in this Agreement shall be construed as placing on the Bank any liability whatsoever in respect of any calls, instalments or other payments relating to any of the Securities subject to the Collateral or any rights, shares or other securities accruing, offered or arising as aforesaid, and you shall indemnify the Bank in respect of all calls, instalments or other payments relating to any of the Securities subject to the Collateral and to any rights, shares and other securities accruing, offered or arising as aforesaid in respect of any of the Securities subject to the Collateral.

2.4 The charge under this Clause 2 shall be a continuing security and shall cover and secure the ultimate balance from time to time owing by you to the Bank, notwithstanding the insolvency or liquidation or any incapacity or change in the constitution or status of you or any other person or any intermediate settlement of account or other matter whatsoever. The charge is in addition to, and independent of, any guarantee, indemnity, assurance, pledge, lien, bill, note, mortgage, charge, debenture, security or other right, power or remedy now or hereafter held by or available to the Bank.

2.5 You hereby represent and warrant to the Bank that during the continuance of the charge and other sums owing by you to the Bank hereunder, you have and will maintain unencumbered and absolute title to the Collateral (subject to and only to the charge under this Clause 2).

2.6 You hereby undertake to the Bank that during the continuance of the charge, you shall:

(a) deposit with the Bank or to its order, all certificates, instruments and evidence of title to the Collateral, together, where appropriate, with all such necessary forms of transfer as the Bank may from time to time require; and

(b) at any time and from time to time upon request by the Bank execute such further legal or other mortgages, charges or assignments and do all such transfers, assurances, acts and things as the Bank may require over or in respect of the Collateral to secure all monies, obligations and liabilities hereby covenanted to be paid or hereby secured or for the purposes of perfecting and completing any assignment of the Bank’s rights, benefits or obligations hereunder and you shall also give all notices, orders and directions which the Bank may require.

2.7 Without limiting the foregoing, you agree from time to time to execute and sign or to procure that the person for the time being holding any of the Securities subject to the Collateral as your nominee executes and signs all transfers, powers of attorney, proxies and other documents which the Bank may require for perfecting the Bank’s title to any of the Securities subject to the Collateral or for vesting or enabling it to vest the same in itself, its nominee or in any purchaser.

2.8 You will do or permit to be done everything which the Bank may from time to time reasonably require to be done for the purpose of enforcing the Bank’s rights hereunder and will allow your name to be used as and when required by the Bank for that purpose.

2.9 You irrevocably appoint the Bank by way of security to be your attorney (with full power of substitution) and in your name or otherwise on your behalf and as your act and deed to sign, seal, execute, deliver, perfect and do all deeds, instruments, acts and things which may be reasonably required or which the Bank believes in good faith to be proper or expedient for carrying out any obligations imposed on you hereunder or for exercising any of the powers hereby conferred or for giving to the Bank the full benefit of this security and so that the appointment hereby made shall operate to confer on the Bank authority to do on behalf of you anything which you can lawfully do by an attorney. You hereby ratify and confirm and agree to ratify and confirm any deed, instrument, act or thing which such attorney or substitute may execute or do.

2.10 Throughout the continuance of this Agreement and so long as any indebtedness remains owing to the Bank, the Bank shall be entitled at any time and from time to time to refuse any withdrawal of any or all of the Collateral.

2.11 The Bank or its nominee or sub-custodian may exercise at its discretion (in your name or otherwise at any time whether before or after any demand for payment hereunder and without any further consent or authority on your part) in respect of the Collateral, any voting rights as if the Bank or its nominee or sub-custodian was a sole beneficial owner thereof and all the rights and powers given to trustees under Sections 11(4) and (5) of the Trustee Ordinance in respect of securities or property subject to a trust and any powers or rights which may be exercised by the person or persons in whose name or names the Collateral are registered under the terms thereof or otherwise.

2.12 The Bank shall not be under duty to present any interest coupon or any bond or stock which may be called or drawn for repayment or redemption, or to pay any call or instalment which may become payable on or to accept any offer relating to any of the Collateral, or to notify you of any of such matters or of any communications received by the Bank in respect of the Collateral.

2.13 All costs, charges and expenses reasonably incurred under this Agreement by the Bank and all other moneys reasonably paid by the Bank in perfecting or otherwise in connection with this charge or in respect of the Collateral, including all costs in proceedings for enforcement of the security hereby constituted or for obtaining payment of the moneys hereby secured shall be recoverable from you as a debt, and may be debited to any of your account with the Bank, and shall be charged on the Securities and the charge hereby conferred shall be in addition and without prejudice to any and every other remedy, lien or security which the Bank may have or but for such charge would have for the moneys hereby secured or any part thereof.

3. DISPOSAL OF COLLATERAL

3.1 You hereby authorize the Bank to dispose of, or initiate the disposal by the Bank’s nominee or sub-custodian of, any or all of the Collateral, on such terms as the Bank may determine in good faith, in settlement of any liability owed by or on your behalf to the Bank, its nominee or sub-custodian, or a third person.

3.2 Your further authorize the Bank to:

(a) apply any or all of the Collateral pursuant to a securities borrowing and lending agreement (as defined under the SFO); or

(b) deposit any or all of the Collateral with an authorized institution as collateral for any financial accommodation provided to the Bank; or

(c) deposit any or all of the Collateral with a recognized clearing house (as defined under the SFO) as collateral for the discharge and satisfaction the Bank’s settlement obligations and liabilities; or

(d) deposit any or all of the Collateral with another intermediary licensed under the SFO to deal with securities as collateral for the discharge and satisfaction of the Bank’s settlement obligations and liabilities.

You hereby acknowledge and agree that the authority given under this Clause 3.2 will be effective for a period of up to 12 months and may be renewed in accordance with applicable laws and regulations.

You may revoke the authority given under this Clause 3.2 at any time by giving not less than 14 days’ notice in writing to the Bank.

3.3 In the event of any disposal of Collateral pursuant to Clause 3.1:

(a) the Bank shall not be responsible for any loss arising out of any such sale or any postponement thereof howsoever caused and whether or not a better price could or might have been obtained upon the sale of the Collateral or any of them by deferring or advancing the date of such sale or otherwise howsoever if the Bank has already used reasonable endeavors to sell or dispose of the Securities or any part thereof at the then available market price;

(b) you undertake to pay to the Bank any deficiency if the net proceeds of sale shall be insufficient to cover all the outstanding balances owing by you to the Bank.

3.4 The Bank is authorized to give a good discharge of any moneys received by it pursuant to the disposal of the Collateral and a purchaser shall not be bound to enquire whether the disposal has arisen as herein provided nor be concerned with the manner of application of the proceeds of the disposal.

PART 7 RISK DISCLOSURE STATEMENTS

By requesting the Bank to provide the Services to you, you acknowledge and agree that you have read, fully understand and agree to the following risk disclosure statements.

Risk of Securities Trading

The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.

There may be risks in leaving securities in the Bank’s safekeeping. For example, if the Bank is holding your securities and becomes insolvent, you may experience significant delay in recovering the securities.

Risk of Trading Growth Enterprise Market Stocks

Growth Enterprise Market (GEM) stocks involve a high investment risk. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. GEM stocks may be very volatile and illiquid.

You should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. GEM Companies are usually not required to issue paid announcements in gazetted newspapers.

You should seek independent professional advice if you are uncertain of or have not understood any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks.

Risk of Trading Nasdaq-Amex Securities at The Stock Exchange Of Hong Kong Limited

The securities under the Nasdaq-Amex Pilot Program (PP) are aimed at sophisticated investors. You should consult the licensed or registered person and become familiarised with the PP before trading in the PP securities. You should be aware that the PP securities are not regulated as a primary or secondary listing on the Main Board or the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited.

Risk of Trading Futures and Options

The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry.

Risk in relation to Electronic Trading Service

You acknowledge that the Internet or other electronic or telecommunications media are, due to unpredictable traffic congestion and other reasons, inherently unreliable media of communication and that transactions conducted over the Internet or via other electronic or telecommunications media are subject to (aa) possible failure or delays in the transmission and receipt of instructions for any or all transactions in securities or other information, and (bb) possible failure or delays of execution or execution at prices different from those prevailing at the time when your instructions were given.

You acknowledge that there are risks associated with the system, including the failure of hardware and/or software, and that the result of any such system failure may be that your instruction for any or all transactions in securities is not executed.

You acknowledge that there are risks of transmission interruption, distortion, omission or blackout, interception of instructions for any or all transactions in securities as well as of misunderstanding or errors in any communication.

You acknowledge that it is not usually possible to cancel an instruction for any or all transactions in securities after it has been given.

You accept all the above risks and other risks associated with conducting transactions in securities over the Internet or via other electronic or telecommunications media.

Risk of Margin Trading

The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives.

Risk of Trading Equity-linked Note/Deposit/Instrument

The risk of loss in a note/deposit/instrument may be substantial in certain circumstances. You should not deal in them unless you understand the nature of the transactions you are entering into and the extent of your exposure to risk. You should carefully consider whether the transactions are suitable for you in the light of your circumstances and financial position.

The interest which may become payable on a note/deposit/instrument is generally higher than the interest on an ordinary time deposit. However, this carries with it equity risk. You accept a legal obligation to take the underlying shares at the pre-agreed conversion price instead of receiving the principal of the note/deposit/instrument, if the price of the underlying shares falls below the conversion price. You will therefore receive a share that has fallen in value. You will lose the entire principal or deposit if the underlying shares become worthless.

Notes/Deposits/Instruments may be “non transferable” and it may be impossible for you to close out or liquidate them.

Any recommendation or information given by the Bank to you are for your reference only, and may be inaccurate, incomplete or unverified. Reliance on such recommendation or information is at your own risk. The Bank makes no representations regarding the performance of your investment or regarding any recommendation or information given by the Bank to you.

You confirm to the Bank that you have sufficient knowledge and experience to be able to evaluate the merits and risks of entering into each note/deposit/instrument, are acting in reliance solely upon your own judgment or upon professional advice obtained independently of the Bank as to those merits and risks (including, where relevant, the tax and accounting treatment of each note/deposit/instrument) and are not relying upon the Bank’s views or advice.

The Bank may have existing or future commercial or banking relationships with the issuer of the underlying shares or its affiliates, and will pursue actions which the Bank deems appropriate to protect the Bank’s interests, without any obligation to disclose or account to you, and regardless of whether any such action might adversely affect you.

Risk of Client Assets Received or Held outside Hong Kong

Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap. 571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.

Risk of Providing an Authority to Repledge your Securities Collateral etc.

There is risk if you provide the licensed or registered person with an authority that allows it to apply your securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge your securities collateral for financial accommodation or deposit your securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities.

If your securities or securities collateral are received or held by the licensed or registered person in Hong Kong, the above arrangement is allowed only if you consent in writing. Moreover, unless you are a professional investor, your authority must specify the period for which it is current and be limited to not more than 12 months. If you are a professional investor, these restrictions do not apply.

Additionally, your authority may be deemed to be renewed (i.e. without your written consent) if the licensed or registered person issues you a reminder at least 14 days prior to the expiry of the authority, and you do not object to such deemed renewal before the expiry date of your then existing authority.

You are not required by any law to sign these authorities. But an authority may be required by licensed or registered persons, for example, to facilitate margin lending to you or allow your securities or securities collateral to be lent to or deposited as collateral with third parties. The licensed or registered person should explain to you the purposes for which one of these authorities is to be used.

If you sign one of these authorities and your securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on your securities or securities collateral. Although the licensed or registered person is responsible to you for securities or securities collateral lent or deposited under your authority, a default by it could result in the loss of your securities or securities collateral.

A cash account not involving securities borrowing and lending is available from most licensed or registered persons. If you do not required margin facilities or do not wish your securities or securities collateral to be lent or pledged, do not sign the above authorities and ask to open this type of cash account.

Risk of Providing an Authority to Hold Mail or to Direct Mail to Third Parties

If you provide the Bank with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account and review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion.

第一部分 一般條款 及條件

以下一般條款及條件不擬包括一切規定，並且必須與協議書的其他條文一併閱讀。 如果本第一部分的條款與協議書的任何其他條款或部分之間有抵觸之處，應以該其他條款或部分為準。

1. 定義及釋義

1.1 在本協議書內，除非文意另有規定，否則：

「進入密碼」指用戶號碼、登入密碼和╱或私人密碼，或者在文意規定時，指它們的任何組合。

「協議書」指證券賬戶委託書、條款及條件，以及關於個人資料（私隱）條例的客戶通知（上述各項不時經更 改、修訂或補充）。

「獲授權人士」或「獲授權代表」指不時獲授權就證券賬戶發出指示及操作證券賬戶的人士。

「永隆證券通電訊證券服務」指銀行根據本協議書已提供或將不時提供的任何設施，使您可透過音頻電話就任何 證券交易發出指示。

「銀行」指招商永隆銀行有限公司、其繼承人和受讓人。

「營業日」指在香港的持牌銀行開門經營正常銀行業務，以及在聯交所進行證券買賣交易的日子（星期六除 外）。

「中央結算系統」指由中央結算公司設立及管理的中央結算及交收系統。

「中央結算系統保管人」指中央結算公司委任提供中央結算系統保管人和存管人服務的人士。

「中央結算系統代名人」指中央結算公司的代名人公司或中央結算公司委任提供中央結算系統代名人服務的其他 人士。

「結算所」指香港境內或境外的任何有關的結算所，包括中央結算公司。

「櫃台交易服務」指銀行根據本協議書提供的設施，使您可在銀行任何分行的櫃台發出有關任何證券交易的指 示。

「電子交易服務」指銀行根據本協議書已提供或將不時提供的任何設施，使您可透過電子或電訊媒介（包括透過 使用互動電視、互動系統、電腦、機器、終端機或銀行不時就指示的發出而決定和訂明的任何其他電子或電訊設備）發出有關任何證券交易的指示，包括（但不限 於）「永隆證券通」電訊證券服務、網上交易服務及手機交易服務。

「合資格證券」指中央結算公司不時指定和接受以在中央結算系統存放、交收及結算的該等證券。

「違約事件」指第12.1條指明的事件。

「交易所」指任何經認可的證券交易所或市場或場外交易市場，包括聯交所。

「利便措施」指櫃台交易服務、電子交易服務、電話交易服務或銀行可能不時提供的任何其他途徑或設施，使您 可向銀行發出有關證券交易的指示。

「金融管理局」指香港金融管理局。

「中央結算公司」指香港中央結算有限公司。

「聯交所」指香港聯合交易所有限公司。

「香港」指中華人民共和國香港特別行政區。

「網上交易服務」指銀行根據本協議書已提供或將不時提供的任何設施，使您可透過互聯網發出有關任何證券交 易的指示。

「用戶號碼」或「私人密碼 (PIN)」指為使用電子交易服務、電話交易服務及╱或銀行可能不時提供的任何其他設施而在某些情況下與登入密碼一併使用的個人識 別號碼，使您可向銀行發出有關證券交易的指示。

「登入密碼」指為使用電子交易服務、電話交易服務及╱或銀行可能不時提供的任何其他設施而在某些情況下與 用戶號碼一併使用的個人密碼，使您可向銀行發出有關證券交易的指示。

「保證金融資」指銀行不時提供或授予您的一切或任何保證金融資，不論其形式為透支融資或依據信用咭的使用 而可以獲得的融資或任何其他形式的信貸或信貸融資（限於賬戶委託書附件二所載的限額或本協議書條款及條件的第五部分第2.1條另行指明的限額），包括按本協議 書條款及條件借記入結算賬戶的一切金額。

「手機交易服務」指銀行根據本協議書已提供或將不時與流動電話服務商一起提供的任何設施，使您可透過流動 電話發出有關證券交易的指示。

「各部分」指本協議書的條款及條件所細分的不同部分，包括不時作為本協議書的條款及條件而併入的任何額外 部分（在各個情況下，均不時經更改、修訂或補充）。

「人士」包括任何個人、公司、商號、合夥機構、合營機構、聯會、組織或信託基金（在各個情況下，均不論其 是否具有獨立法人地位）。

「電話交易服務」指銀行根據本協議書已提供或將不時提供的任何設施，使您可透過電話發出有關任何證券交易 的指示。

「記名證券」指您根據本協議書條款及條件的第三部分存入銀行並交由銀行保管的證券。

「風險披露聲明」指本協議書條款及條件第七部分所載的風險披露聲明。

「證券」指屬於任何團體（不論是否具法團地位）或任何政府機構的或由其發行並為銀行所接受的任何股份、股 額、債權證、認股權證、期權、債權股額、基金、單位信託、債券、票據、與股票掛鈎的票據或衍生工具或產品（不論其相關資產是證券、指數或其他財產），亦不 論其是否在交易所買賣。

「證券賬戶」指為進行證券交易而根據本協議書在銀行維持的賬戶；「證券（現金）賬戶」指為 使用現金證券交易服務而維持的證券賬戶；「證券（保證金）賬戶」指為使用保證金證券交易服務而維持的證券賬戶。

「結算賬戶」指您為了持有擬根據本協議書購買所用的證券之資金或為了透過其而獲得銀行提供擬根據本協議書 購買證券的借貸融資（包括透過使用信用咭而授予的融資）而在銀行開立及維持的銀行賬戶，該賬戶號碼在賬戶委託書列明或其後由您書面通知銀行；「港元 結算賬戶」指以港元結算的結算賬戶；「外幣結算賬戶」指以外幣結算的結算賬戶。

「有關服務」指銀行根據本協議書提供的任何或一切服務，以及您與銀行不時協定的任何其他服務。

「證監會」指香港證券及期貨事務監察委員會。

「證券及期貨條例」指《證券及期貨條例》（香港法例第571章）

「股票經紀」指銀行選擇為您進行或執行證券交易的任何指示之任何股票經紀、包銷商、交易商或代理人（包括 但不限於招商永隆集團的任何成員）。

「證券交易」指有關根據本協議書條款及條件的第三部分或其他規定購買、投資、認購、出售、交換或以其他方 式處置各類證券以及進行各類證券的綜合交易的任何協議，包括（但不限於）以銀行或其代名人或次保管人的名義持有證券。

「網站」指銀行為提供電子交易服務而營運的網站，並且包括銀行根據招商永隆網上銀行一般及特定條件（經不時修 訂）營運的網上銀行網站。

「招商永隆集團」指銀行的任何附屬公司或聯繫公司、其母公司或其母公司的任何附屬公司或聯繫公司，並應包括 （但不限於）永隆證券有限公司及 Wing Lung Bank (Nominees) Limited。

1.2 (a) 在本協議書中，各條款的標題僅為參考而設，概不影響其解釋。

(b) 表示單數的詞語應包括複數的意思，反之亦然。單性詞應包括任何其他性別。

(c) 除非文意另有規定，否則提及條和款概指本協議書的條和款或（按文意規定）有關的各部分。

1.3 此乃您與銀行之間就銀行代表您進行任何證券交易而訂立的具有法律約束力的協議。

2. 法律及規則

2.1 一切證券交易須受聯交所、中央結算公司以及任何有關的交易所及結算所的章程、規則、規例、附例、指示、指引、應用指引、 習慣及慣例，以及香港或銀行代表您進行交易所在的任何其他地方的法律及現行市場慣例所規限。

2.2 銀行認為任何事情將會或可能會與任何法律或規例相抵觸，或將會或可能會使銀行或其代名人或次保管人須對任何人士承擔法律 責任時，銀行或其代名人或次保管人可以不進行該等事情，並且銀行或其代名人或次保管人可進行銀行認為符合任何該等法律或規例所需的任何事情。

3. 權力和責任

3.1 銀行的職責只限於本協議書明文列明者，但本協議書的任何規定的運作並不免除、排除或限制您在適用法律下的權利或銀行在適 用法律下的義務。

3.2 在所有證券交易中，除非成交單據另行列明或您另行獲得通知，否則銀行僅以您的代理人身分行事，而且本協議書所載的任何內 容並不使銀行或銀行的代名人或次保管人成為您的受託人，亦不使銀行與您之間構成夥伴關係。

3.3 銀行可全權決定以任何條款和條件聘用任何股票經紀、代理人或代名人或次保管人（包括招商永隆集團的任何成員），而且除適用的 法律、規則及規例可能規定者外，銀行無須向您披露銀行與該等人士訂立的合約之條款和條件，但該等合約之條款和條件對您具有約束力。

3.4 銀行有絕對及不受約束的權利和酌情權，可隨時不作為您的代理人進行證券交易，而無須就此提供任何理由；但如銀行由於疏 忽、不當行為或詐騙而不進行任何證券交易，則銀行不得援引本條款。

3.5 如銀行或其代名人或次保管人採取任何步驟（或採取進一步步驟）保護或執行您在銀行代表您進行的任何證券交易下的權利或您 在記名證券或合資格證券下的權利，將合理地使或可能使銀行或其代名人或次保管人因此蒙受或招致各種費用、損失、開支或法律責任（包括按照律師與其客戶間關 係計算的律師費），則銀行在獲得上述費用、損失、開支和法律責任的彌償及╱或彌償擔保而且銀行合理地對此感到滿意之前，銀行或其代名人或次保管人可以不採 取該等措施。該彌償不應延伸至僅因銀行、其代名人或次保管人疏忽、失責或詐騙所引致的任何後果。

3.6 銀行如根據任何通訊或文件的表面真誠地相信該等通訊或文件屬實，銀行或其代名人或次保管人即可倚賴該等通訊或文件；如文 件的表面看來未能達到現行市場慣例下的正常、有效和╱或可以接受的標準，則銀行有權拒絕該等文件。

3.7 對於與記名證券、合資格證券或證券交易有關的任何文件或文據，以及銀行接獲的任何通知或其他文件或文據，銀行或其代名人 或次保管人無須對當中的任何陳述、保證、聲明或資料的充分性、準確性或完整性負責。

3.8 (i) 就以港元進行的證券交易而言，在本協 議書中所使用的「結算賬戶」一詞僅指港元結算賬戶；銀行在履行其在本協議書下的職責時，概無義務考慮外幣結算賬戶中的任何貸方結餘額；及 (ii) 就以港元以外的任何貨幣進行的證券交 易而言，在本協議書中所使用的「結算賬戶」一詞僅指外幣結算賬戶；銀行在履行其在本協議書下的職責時，概無義務考慮港元結算賬戶中的任何貸 方結餘額。

4. 獲授權人士╱獲授權代表

4.1 獲授權人士╱獲授權代表特此獲得授權就有關服務向銀行發出各種性質的指引或指示。您承認並同意，獲授權人士╱獲授權代表 向銀行發出的或宣稱是由獲授權人士╱獲授權代表向銀行發出的任何指示於一切時候均對您具有約束力，而不論發出指示的任何該等人士於發出該等指示時是否擁有 您的確實授權這樣做。

4.2 獲授權人士╱獲授權代表擁有持續的權力就證券交易與銀行處理由本協議書引致的任何事宜，但下列情況除外：(a) 如證券賬戶的簽署安排或賬戶委託書與 港元結算賬戶相同，在已根據規管操作該港元結算賬戶的條款和條件對港元結算賬戶的簽署安排或賬戶委託書作出任何撤銷及╱或更改，則在此情況下應適用新的簽 署安排或賬戶委託書，而且銀行有權將其視作為適用於證券賬戶；或 (b) 如證券賬戶的簽署安排或賬戶委託書與 港元結算賬戶的不同，則銀行應已從您收到：(i) 您發出的撤換及╱或更改證券賬戶的任 何或全部上述獲授權人士╱獲授權代表的書面指示；以及 (ii)（如您為一個法團）董事局通過的撤換及╱或更改任何或所有上述證券賬戶的獲授權人士╱獲授權代表之決議的經核證真確副本 （如董事親自出席董事局會議，應由有關會議的主席及構成會議所需法定人數的每名其他董事核證；如屬書面決議，則應由當其時的董事局主席核證）。您發出而且 銀行認可的任何上述撤換或更改指示應適用於證券賬戶的獲授權人士╱獲授權代表，而且銀行有權將該等指示視作為適用於證券賬戶的獲授權人士╱獲授權代表。

4.3 您特此同意於今後任何時候追認由任何或全部獲授權人士╱獲授權代表作出的一切作為、所訂立的一切文據、所發出的一切指 引、指令或指示，並承認該等作為、文據、指引、指令或指示在任何時候均對您具有約束力。

5. 佣金、開支及收費

5.1 您應在銀行通知您的期間內，按銀行不時適用的收費表所載的費率及方式，向銀行支付或付還費用及收費，連同就證券賬戶或任 何證券交易或銀行提供的任何有關服務或與之有關的一切購買付款、認購款項、新股票的股票登記費、印花稅、收費、交易徵費、稅款、利息、保管費及其他開支。

5.2 銀行應有權就第 5.1 條所述的金額，從結算賬戶（如果您已 開立證券（現金）賬戶）或證券（保證金）賬戶（如果您已開立證券（保證金）賬戶）的借方作出扣款；或者，如果結算賬戶的資金不足或證券（保證金）賬戶的可 用保證金融資不足（視屬何情況而定），則從您在銀行的任何賬戶（不論是儲蓄賬戶、往來賬戶、定期存款賬戶（不論到期與否））的借方作出扣款，或者從任何已 進行的證券交易收入（如有的話）中扣除。

5.3 銀行保留權利就您欠負銀行的一切逾期結欠款額徵收利息，直至按銀行不時指定的利率實際付清款項為止。該等利息應按日累 計，並應在每個日曆月的最後一日支付，或應在銀行提出任何要求時支付。

5.4 銀行應有權就代您進行的一切證券交易（包括但不限於證券的任何出售、購買、認購及╱或交易），完全為銀行本身的使用及利 益而從任何股票經紀、其就此聘任的代理人或代名人或次保管人接受及收取任何佣金回扣、利益、經紀佣金減免或佣金的減免，以及╱或任何其他利益，而無須事先 向您披露。

6. 承認和契諾；陳述和保證

6.1 如您在法律或衡平法下擁有的對銀行的各種權力及╱或補救方法與銀行在本協議書下所載的權力、權利和職責有所抵觸，則您特 此明示放棄該等權力和補救方法。

6.2 如銀行為履行或執行其在本協議書下的職責及╱或行使其在本協議書下的權利而合理地要求您作出各種行動和簽署及簽立各種協 議、委託書、授權書或文件，您應在銀行提出要求後立即辦理。

6.3 您向銀行陳述及保證：

(a) 您對您存入或交付予銀行以供銀行保管、出售或作其他用途的一切證券擁有無產權負擔和絕對的實益所有權，而且該等證券並不受任何押記、留 置權、信託、不抵押承諾或其他不利的權益及申索所規限（但根據本協議書條款及條件的第五部分或第六部分產生的任何押記則除外）。根據現行的市場慣例，該等 證券均為合乎規定、有效和可接受的，而且銀行概無任何義務承認任何人士（除您以外）對該等證券可能擁有的任何權利或權益。如銀行因處理該等證券而合理地引 起或蒙受各種申索及法律責任、損失或損害，您須向銀行作出彌償。

(b) 所有該等證券均已繳足款項，並無就該等證券的仍未清繳或應付的任何款項或債務。

(c) 此後您每次進一步將證券存入銀行，均應視為您已重複和作出本第6.3條所列的陳述和保證。

6.4 如果第6.3(a) 條和第6.3(b) 條的任何陳述或保證失實，銀行有權借 記已存入的證券及╱或要求您替換已存入的證券。銀行可隨時購買用作替換的證券，而購買該等替換證券的費用和開支由您承擔。

6.5 您向銀行陳述及保證，您向銀行提供的與證券賬戶有關的資料全部屬實、完整及正確。

6.6 您明白並承認，在香港或其他地方銷售證券可能須受有關的銷售文件所載的出售限制所規限。您同意，您將遵守該等文件所載的 出售限制（以對您適用的範圍為限），而且在任何證券交易將受出售限制所禁止的情況下，您將不會向銀行發出指示代您進行該等證券交易。如您有任何疑問，應該 在發出指示前向您的當地法律顧問、監管機構或主管機構查詢。

6.7 您承認並同意：

(a) 就可能根據本協議書進行的任何證券交易而言，銀行並非作為您的投資顧問或任何其他顧問行事；

(b) 銀行並無（並將不會被視為已經）就任何證券或您透過銀行（作為代理人）進行的任何證券交易而向您作出任何陳述或推介（不 論是屬何類別及如何作出）。

6.8 您同意並確認：

(a) 您並無倚賴銀行的任何通訊（不論是書面或口頭的）作為投資意見，或作為進行該通訊所述的交易的推介，而且您明白，與任何 證券有關的任何資料及解釋不應被視為投資意見或進行有關的證券交易的的推介；

(b) 您有能力自行或透過獨立的專業顧問評估本協議書條文的可取之處以及加以理解，而且您理解及接受這些條文；您亦有能力承擔 本協議書預期之有關的證券交易的風險，並且您願意承擔這些風險；

(c) 您為您自己而行事，並且您在透過銀行進行任何證券交易之前已仔細審閱並且將會仔細審閱您的具體財務需要及投資目標，並且 您已根據自己的判斷及您認為必要的獨立專業顧問意見，就進行有關的證券交易以及證券交易的合法性、適合性及適當性作出您自己的獨立決定，以進行有關的證券 交易；及

(d) 對於透過銀行進行任何證券交易的財務風險及市場管理風險及後果，以及與該等證券有關的任何法律問題、監管問題、稅務問 題、會計問題及信貸問題，您已為自己進行評估及╱或依賴您認為必要的顧問意見。

7. 利便措施

7.1 您可以口頭或書面方式或透過任何利便措施就記名證券、合資格證券或證券交易發出一切指令及指示，但在一切情況下，均須按 銀行訂明的方式進行。在銀行不時按其全權酌情權施加的限制之規限下，您可透過其中一個利便措施發出指令或指示，亦可透過其他利便措施查詢、修訂或取消該等 指令或指示；但條件是，一旦銀行或其他代理人已代您進行證券交易，則不能進行任何修訂或取消。

7.2 您特此同意將利便措施提供的各個媒介用於通訊或傳輸數據或資訊。尤其是，您特此同意使用電子媒介作為向銀行發出指示或與 銀行進行其他通訊（包括透過電子交易服務發出的指示）之用，並授權銀行將您發出的電子指示及其他通訊，作為原來由您發出的指示或通訊予以接受。

7.3 如果您透過任何特定方法與銀行聯絡時出現任何問題，您應試圖使用其他方法與銀行聯絡。利便措施將不會自動重新處理您的指 示。然而，您必須注意，倘若您已透過一項以上利便措施發出相同指示，則除非您在該指示被執行之前實際上已知會銀行該指示是重複的指示，否則銀行將把重複的 指示作為獨立的指示處理。

7.4 您授權銀行按您的獲授權人士╱獲授權代表以書面或口頭方式或透過使用與利便措施有關的進入密碼發出的任何指示行事。您同 意，除非獲授權人士╱獲授權代表的簽名或進入密碼（視屬何情況而定）已經由銀行核實（如有需要，透過使用鑒證技術進行核實）為準確及有效，否則指示概不獲 接納。雖然銀行承諾會合理謹慎地查核其客戶及其正式獲委任代表之簽名，但銀行概無任何義務鑒證任何該等指示或核實發出該等指示的任何人士的身分。銀行真誠 地相信由您或獲授權人士╱獲授權代表發出的、或宣稱由您或獲授權人士╱獲授權代表發出的一切指示均對您具有約束力。除銀行疏忽或失責外，銀行概不對因偽冒 或識別錯誤而造成的任何後果承擔法律責任。

7.5 您同意對您的進入密碼的保密性、安全性和使用負責，並承諾：

(a) 不向任何第三方披露進入密碼；及

(b) 不以會促使不當使用或詐騙的方式寫下或記錄進入密碼。

您明白，您須自行對使用進入密碼透 過利便措施而輸入的一切指示負責（不論是否經您授權輸入，亦不論您可能向銀行提供任何其他委託指示）。您透過電子媒介或任何其他電訊媒介作出的指示應視作 為經由您以書面作出及簽署的指示。只要使用的進入密碼正確，則聯名賬戶的全部持有人須就透過電子交易服務或電話交易服務發出的任何指示對銀行承擔共同和各 別的責任。如因您及╱或您的代理人之任何作為或不作為（不論是否蓄意）而直接或間接地違反本第7.5 條規定，從而使銀行合理地招致或蒙受 損失和損害，您須就一切該等損失和損害向銀行負責。

7.6 您承諾，如您遺失您的進入密碼或您的進入密碼未經授權而被披露，或被不當使用，您必須立即致電 (852) 2543 3599通知銀行。您須應要求在24小時內以書面方式向銀行確認您的匯 報。除非銀行已確實收到該等通知，否則您無權向銀行提出任何申索。如任何人士（不論是否由您授權）使用您的進入密碼，致使銀行合理地招致或蒙受損失和損 害，您須就一切該等損失和損害向銀行負責。

7.7 除非並直至您收到銀行的通知，承認或確認已執行您以書面方式或透過電話或電郵或銀行不時訂明的其他電子設備或其他設備發 出的指令（包括但不限於在網站上特別指定供您進入的欄目上刊登），否則銀行不應被視為已收到該等指示或已執行該等指令。您進一步承認並同意，作為使用利便 措施發出指示的條件，如果有下列情況，您應立即書面通知銀行：

(a) 指示已透過利便措施發出，但您並未收到指令號碼；

(b) 指示已透過利便措施發出，但您並未接獲通知承認已收到指示或執行指示，或指示獲認收，但其中的內容並不準確（不論該等認收通知的形式是 書面、電子或口頭的）；或

(c) 您收到已執行指示的確認通知（不論其形式是書面、電子或口頭的），而您並無發出該指示。

如果您沒有在上述任何事件發生後90日內立即書面通知銀行，則您應被視 為已接納其結果，而銀行或其任何高級職員、僱員、代理人均不能亦將不會就有關處理、不當處理或遺失任何指示的任何申索對您或可能透過您提出申索的任何其他 人士負責。

7.8 您進一步同意，銀行無須對下列各項負責：

(a) 由於利便措施的不方便、延誤或通過使用利便措施引起的損失而導致的任何相應損害、附帶損害、特殊損害或間接損害（包括利潤損失、交易損 失和損害賠償）；即使銀行已獲悉可能有上述損害，銀行亦無須負責；及

(b) 由於銀行不能直接控制的原因導致的任何損失，該等原因包括（但不限於）電子或機械設備故障，或通訊線路、電話或其他接駁問題（例如，您 無法使用您的網絡服務供應商的服務）、擅自存取、盜竊、操作員的錯誤、惡劣天氣、地震、水災，以及罷工或其他勞資問題。

7.9 您特此聲明，對於因以下情況而引起的或在任何方面與以下情況有關的一切行動、訴訟、費用、申索、要求、開支、損失和法律 責任，您特此免除銀行的一切法律責任，而且您特此就該等行動、訴訟、費用、申索、要求、開支、損失和法律責任彌償銀行：

(a) 銀行根據或沒有根據透過利便措施發出的指示作出行動，而不論該等指示是否由您正式授權發出，但如屬銀行的疏忽、不當行為或詐騙的情況則 除外；

(b) 由於銀行的任何設備操作失靈，導致銀行通過電話或其他電子設備提供給您的任何資料不正確，但如屬銀行的疏忽、不當行為或詐騙的情況則除 外；

(c) 通過使用您的進入密碼而取得有關您或其他人士的資料；或

(d) 由於通訊網絡或提供此等通訊渠道的任何一方的延誤或故障致使您無法發出指示。

7.10 銀行可以（但並非必須）對其與您進行的任何或一切電話通話及╱或您透過利便措施發出的任何指示或指令進行電子監控或記 錄。您同意接受任何該等電子紀錄的內容作為該等內容的最終和決定性的證據，而且該等內容對您有約束力。您同意，在適用法律允許的範圍內，該等內容可在法庭 上被接納為證據，證明證券交易及通訊以及其中所載事實的存在。

7.11 您接受，銀行可以（但並非必須）透過以電子方式刊登您的賬戶而向您發出有關您的證券交易的交易確認書（可以是成交單據或 其他形式），以代替書面確認，而您可以在緊接銀行刊登後的五 (5) 個營業日內，使用您的進入密碼通過網 站而自由獲得該等資料，亦可透過其他電子媒介獲得該等資料；您同意以電子方式收取該等確認。如有需要，您應立即印出該等確認，以便自行保存紀錄。

7.12 您承認並同意，利便措施、網站及其中的軟件均屬銀行和╱或第三方服務提供者所有。您保證並承諾，您不得（亦不得試圖）干 擾、修改、反匯編、以反向工程的方式或任何其他方式更改利便措施、網站或其中任何軟件的任何部分，亦不得試圖擅自使用利便措施、網站或其中任何軟件的任何 部分。如果您於任何時候違反此保證和承諾，或如果銀行有理由懷疑您已違反此保證和承諾，銀行有權立即暫停或終止您的進入密碼及╱或結束任何或全部證券賬 戶，而無須通知您，並可能對您採取法律行動。您承諾，如果您得悉有任何其他人士進行上述任何違約行為，您須立即通知銀行。

7.13 利便措施可提供由第三方公佈或發佈的有關證券及其他投資的數據或資料，以供參考之用。您理解，該等第三方可以就其提供的 一切數據宣稱擁有所有權權益。您承認，銀行或任何第三方均不就該等數據或資料的時間性、先後次序、準確性或完整性作出擔保。您亦承認，由於市場的波動性及 數據傳送過程可能有所延誤，透過利便措施獲得的數據未必是有關證券和投資的即時市場報價。您同意使銀行及上述第三方免受因下列各項造成的損害：

(a) 以下各項的任何不準確、錯誤或延誤或失真或遺漏：(i) 任何該等數據、資料或訊息 或 (ii) 任何該等數據、資料或訊息 的傳送或交付；或

(b) 因以下各項引起或造成的任何損失或損害：(i) 任何上述不準確、錯誤、延誤、失真或 遺漏，(ii) 不履行責任，或 (iii) 任何該等數據、資料或訊息受干擾；而 上述各項是由於您或任何第三方的任何疏忽行為或不行為或者任何不可抗力（定義見第15.11條）導致的。

7.14 在不損害本協議書任何其他條文下，您同意，可以在網站上存取的某些資料是由聯交所或香港聯合交易所資訊服務有限公司或其 他資料提供者根據銀行與該等資料提供者訂立的協議而提供或編纂的。資料提供者可能不時向銀行發出指引，而且您應提供銀行合理要求的協助，使銀行能夠遵守該 指引。您亦同意，未經資料提供者事先批准，您不得對由該等資料提供者提供的任何資料進行以下各項：

(a) 向任何其他第三方散佈任何該等資料；

(b) 使用或准許使用任何該等資料作任何非法用途；

(c) 除在您的日常業務運作中使用（不應包括向第三方散佈任何該等資料）外，不使用任何該等資料；及

(d) 使用任何該等資料以建立、維持或提供或協助建立、維持或提供聯交所以外的任何交易大堂或交易服務。

您應遵守資料提供者不時發出的關於准許使用由該等資料提供者提供的資料 的合理指引。

7.15 您同意，銀行可向資料提供者提供以下各項：

(a) 關於您接收資料所使用的媒介的資料、您准許在香港境內外存取資料的人數或裝置（及其類別）；

(b) 在銀行或資料提供者懷疑您已違反本協議書的條文時，提供您的姓名及地址。

您進一步同意准許資料提供者及銀行視察您的處所及查核您的記錄，以確定有關您的牌照費是否已適當地予以支付，或您是否違反本協議書的規 定使用資料。

8. 網站

8.1 銀行在香港控制和管理網站。銀行不就網站所載的資訊和資料是否適合或可供其他地點或司法管轄區使用作出任何聲明。

8.2 某些司法管轄區的法律可能對分發網站的資料加以限制。您須自行負責找出並遵守該等限制。

8.3 網站上的資料和資訊不應被視作要約、游說、邀請、建議或推薦購買或出售銀行或任何其他發行商的投資項目、證券或任何其他 文據或銀行產品。

8.4 網站上所述的產品或服務可能不獲准在一些國家使用。您如有疑問，您應在要求獲得資料前向您的當地法律顧問、監管機構或主 管機構查詢。銀行並不擁有在香港以外任何司法管轄區的任何執照或註冊登記地位。如果銀行欲向任何人士或實體提供銷售本協議書所述的銀行產品或服務，而根據 該等人士或實體的居住國法律規定，銀行提供該等產品或服務須持有執照或註冊登記，則銀行將不向該等人士或實體提供銷售該等產品或服務。

8.5 產品和服務僅由銀行按其酌情權提供，並須符合提供有關產品和服務所依據的產品和服務的個別合約條款和條件。銀行可隨時撤 消或修改該等產品和服務而不作出通知。並非所有地點均可提供整個產品或服務系列。

8.6 銀行可在下述情況下終止您進入網站及使用電子交易服務和網上銀行服務：(a) 因故於上述終止時或於其後在切實可行 的情況下盡快向您發出即時生效的通知，以終止上述各項服務；或 (b) 向您發出至少30 日（或如上述終止乃由於銀行所不能合 理控制的情況而引起的，則在銀行按其合理酌情確定的較短時間）通知而終止上述各項服務。

8.7 銀行保留權利酌情更改網站所載的任何資料或資訊以及使用網站所須遵守的規定，但對您在本協議書下應付的費用及收費及╱或 您在本協議書下的法律責任或義務有所影響的任何更改，須在上述更改通知您（不論是在網站上刊登或以其他方式通知您）之後三十 (30) 天方會生效。

9. 知識產權

9.1 網站的全部內容（包括但不限於文字、圖形、連結和聲音）的版權均屬於銀行所有，未經銀行事先書面同意，不得以任何方式複 製、下載、傳播或出版。

9.2 對於您使用網站及╱或透過其他電子或電訊設備提供予銀行的任何資料或資訊，您向銀行授予就任何用途（包括但不限於複製、 傳送、傳播和出版該等資料或資訊）在全球使用該等資料或資訊的版權和知識產權權利的永久性特許，無須支付使用費，但如果適用法律有所限制則除外。您同意， 銀行概不就使用本網站及╱或透過其他電子或電訊設備而向銀行提供的任何該等資料或資訊對您承擔任何保密責任，但如果您與銀行另行直接訂立的合約另外協定或 法律規定的則除外。

10. 資料的披露及發放

10.1 在法律允許的範圍內，您同意，銀行不時收集的關於您的一切個人資料，可按照關於個人資料（私隱）條例的客戶通知（經不時 修訂）使用及披露。

10.2 您特此明示同意，如果任何交易所或其他監管或監督機構要求，銀行、其代名人（包括招商永隆集團任何成員）或股票經紀可以提供 關於根據本協議書進行的任何交易的詳情及╱或與之有關的任何其他資料、文件、交易，以協助該交易所或有關的監管或監督機構進行任何調查或查詢。

11. 客戶身分

11.1 倘您為您自己的客戶進行交易，您特此同意，當銀行在收到香港任何監管機構（包括聯交所和證監會）（「香港監管機構」） 提出有關證券交易的查詢時，本第11條的下列條文應適用。

11.2 在以下條文規限下，您應在銀行提出要求時，立即將為其賬戶進行證券交易之客戶以及該證券交易的最終受益人及╱或開始該證 券交易的任何第三者的身分、地址、職業及聯絡資料（只要您知道）（「有關詳情」），通知香港監管機構。

11.3 倘若您為某投資基金或計劃或全權委託戶口或信託進行證券交易，您應在銀行提出要求時，立即將該計劃、基金、戶口或信託的 有關詳情以及代表該計劃、基金、戶口或信託向您發出指示進行該證券交易的人士（適用的話）的有關詳情通知香港監管機構。此外，在您對該等計劃、基金、戶口 或信託進行任何證券交易的酌情權被中止後，您應立即通知銀行，並應在銀行提出要求時，立即將發出中止指示的人士之有關詳情通知香港監管機構。

11.4 倘若您知悉，您的客戶是作為其背後的客戶（「最終客戶」）的中介人行事，但您不知道該最終客戶的有關詳 情，則您確認：–

(a) 您已與您的客戶作出安排，使您有權於提出要求時，即可從您的客戶取得此等資料；及

(b) 其將在銀行提出要求時，迅速向其已根據指示進行證券交易的客戶要求該等資料，並在收到該等資料時，立即將之轉交香港監管機構。

11.5 您確認，在必要的情況下，您已取得您的客戶或其他有關人士的所有同意或豁免，將以上第11.2、11.3 和11.4條所述的資料發給香港監管機構。

11.6 即使本協議書終止，第11條的規定仍然有效。

12. 違約事件及證券的處置

12.1 以下任何一項事件均應構成違約事件：

(a) 在您獲通知根據本協議書向銀行支付任何按金或任何其他應向銀行支付的款項或提交或交付任何證券時或於上述各項的到期日， 您沒有向銀行支付任何上述按金或其他應付款項或交付任何證券；

(b) 您違反本協議書；

(c) 針對您或任何之一而提出破產或清盤申請，或開始針對您或任何之一的任何類似程序；

(d) 對在銀行的結算賬戶或證券賬戶實施任何扣押令；

(e) 您在本協議書或任何文件中向銀行作出的任何陳述或保證是或成為不正確或具有誤導性；

(f) 您（如屬個人）身故；

(g) 您（如屬公司或合夥經營）簽訂本協議書所需的任何同意、授權或董事局決議被全部或部分撤銷、暫停、終止或不繼續具有十足 效力及作用；及

(h) 任何其他事情或事件（包括任何監管要求）或您向銀行發出的指示，而銀行真誠地相信該等事情或事件或該等指示的性質可能會 使銀行承擔各種性質的任何訴訟、申索、程序、損失、損害、費用、開支或法律責任的風險，或導致銀行面臨該等訴訟、申索、程序、損失、損害、費用、開支或法 律責任。

12.2 如果發生違約事件，在無損於銀行對您可能擁有的任何其他權利或補救方法下，並在無須進一步通知您的情況下，銀行有權及在 符合適用的法律及法規：

(a) 立即結束證券賬戶；

(b) 終止本協議書的全部或任何部分；

(c) 取消代表您作出的任何或全部未執行指令或任何其他承諾；

(d) 將銀行代表您進行的證券交易的任何或一切合約結清，透過在有關的交易所購買證券為您進行補倉，或透過在有關的交易所出售 證券而將您的長倉平倉；

(e) 以銀行行使其酌情權真誠地決定的條款處置或按照適用的法律及法規並以銀行行使其酌情權所決定的條款促使銀行的代名人或次 保管人處置代您持有的任何或全部證券，用於解除您或代您對銀行、銀行的代名人或次保管人、或第三者所負的任何法律責任；及

(f) 按照第13條合併、綜合及抵銷您的任何或全部賬戶。

12.3 倘若根據本第12條進行任何出售：

(a) 如果銀行已盡合理努力按當時可得的市價出售或處置證券或其任何部分，則就任何該等出售或任何延遲出售所引致的任何損失而 言（不論該等損失如何產生），銀行概不負責，而且不論將出售或以其他方式處置證券或其任何之一的日期押後或提前是否可以或可能獲得較佳的價格，銀行亦無須 負責；及

(b) 您承諾，如果出售所得收入不足以彌補您欠負銀行的一切未清償金額，您須向銀行支付任何不足之數。

12.4 根據本第12條就證券賬戶進行出售或平倉所得收入應按以下優先次序運用，任何餘額應支付予您：

(a) 支付銀行在轉讓及出售證券賬戶中的全部或任何證券或財產或使該等證券或財產的所有權完備而適當招致的一切合理的費用、收 費、法律費用及開支，包括印花稅、佣金及經紀佣金；

(b) 支付一切到期利息；及

(c) 支付您到期應付或欠負銀行或您對銀行招致的一切款項及債務。

12.5 您現授權銀行以銀行行使其酌情權真誠地決定的條款處置或按照適用的法律及法規並以銀行行使其酌情權所決定的條款促使銀行 的代名人或次保管人處置代您持有的任何或全部證券，用於解除您或代您對銀行、銀行的代名人或次保管人、或第三者所負的任何法律責任。

12.6 您進一步授權銀行根據證券借貸協定（其定義如證券及期貨條例所載）運用任何或全部證券。

您特此確認及同意根據第12.6條所獲給予的授權的有效期不得超過12個月而該授權亦可按照適用的法律及法規續期。

您可於任何時間以不少於14日的書面形式通知銀行撤消根據第12.6條所給予的授權。

13. 抵銷權和留置權

銀行除具有作為往來銀行而依法享有的任何一般留置權或類似權利外，更可隨時不經事先通知您，即作出以下事情：

(a) (i) 如您在銀行任何地方的分行或支行開設的任何賬戶（不論是往來賬戶、儲蓄賬戶、定期賬戶、通知賬戶還是存款賬戶）在任何時候出現由您共 同受益或由您其中任何一人獨自受益的任何貨幣的貸方結存（不論是否在當時應予支付者），銀行均可動用之；及╱或

(ii) 如銀行對您或您其中之一或以上負有債務，包括（但不限於）銀行在任何證券交易下的當時未清債務（不論是實際或者或有的），銀行可將之抵 銷您在本協議書下或在任何證券交易下對銀行負有的債務（不論是實際或者或有的）。為上述目的，銀行可將上述貸方結餘或債務的全部或任何部分換算為動用該等 貸方結餘或抵銷該等債務所需的其他貨幣，有關換算率採用銀行所報和決定的適用匯率；及

(b) 如您須在本協議書下或在任何證券交易下支付任何款項但仍然未付，則銀行可扣留您為保管或其他目的以您的共同名義或其中任何一人的單獨名 義向銀行存入或以其他方式由銀行持有全部或任何證券（包括記名證券及╱或合資格證券）、有價物品或任何其他財產（不論其屬何種類，亦不論其所在何處），並 通過公開拍賣、私人協定或投標的方式，將其全部或其中任何部分出售，價格由銀行決定。銀行可就此委任代理人和經紀，並在扣除所有費用和開支後，將收益用於 抵銷在本協議書下的任何尚欠款項。

14. 法律責任範圍、彌償保證和追認規定

14.1 銀行並不就網上銀行、電子交易服務和網站或網站上所載或提述的或以其他方式透過網上銀行或電子交易服務提供的資料或資訊 作出任何性質的明示、默示或法定的陳述或保證。在法律允許的最大範圍內，銀行特此明示地排除及卸棄有關網上銀行、電子交易服務及╱或上述資料及資訊的任何 性質的任何條件、陳述、保證或責任（不論是明示或默示的，根據法規或其他規定的），包括（但不限於）有關下列各項的任何條件、陳述、保證或責任：有關網上 銀行和電子交易服務及╱或上述資料及資訊的所有權、就某特定用途的適用性、可商售性或品質標準；其將是準確或沒有錯誤或遺漏；其將不會侵犯任何第三方權 利；其可在任何特定時間不受干擾地提供使用；其不會因您使用網站而產生任何電腦病毒、特洛依木馬程式 (trojan horses)、蠕虫病毒、軟件炸彈或類似項目或進 程；其符合任何特定的性能標準；或者向網站及╱或透過網上銀行服務或電子交易服務發出的任何指示或從網站及╱或透過網上銀行服務或電子交易服務要求的資 料，將於任何時候得到遵照辦理、交付予您或由您收到。

14.2 網站所載或以其他方式透過網上銀行或電子交易服務提供的資料及資訊僅供備知之用，不應用作為商業決定的根據。在未諮詢資 料的主要來源並取得具體的專業意見的情況下，不應倚賴透過網站收到或以其他方式透過網上銀行或電子交易服務提供的任何意見或資料。如果因倚賴網站所載或以 其他方式透過網上銀行或電子交易服務提供的資料或資訊採取或不採取行動而直接或間接引致任何損失或損害，銀行概不承擔任何法律責任。尤其是，銀行並不保證 財經報導資料、資訊或數據是準確、可靠或最新的。

14.3 在法律允許的最大範圍內，對於您使用網站、網上銀行及電子交易服務而直接或間接引致的任何損失或損害（包括特殊、附帶或 相應而產生的損失或損害），包括（但不限於）因網站或其內容、網上銀行或電子交易服務的任何缺陷、錯誤、故障、過失或不準確性，或者因網站或其任何部分或 任何內容或網上銀行或電子交易服務未能提供使用而引致的任何損失、損害或開支，而該等損失或損害是由於您的疏忽、您不遵守本協議書或銀行不能合理控制的任 何原因或情況造成的，銀行概不承擔法律責任。

14.4 銀行所提供的由本網站至其他網站的超文本連結僅供備知之用。因該等其他網站所包含的資料或資訊的準確性或其他方面而直接 或間接引致的任何損失或損害（包括相應而產生的損失），或者因該等其他網站的缺陷而直接或間接引致的任何損失，銀行概不承擔任何法律責任。銀行加入與該等 其他網站的超文本連結並不暗示銀行推介或認可該等其他網站的資料。

14.5 銀行不保證來自或發往網站及╱或透過其他方法發出的任何通訊將會送達給您或由銀行收到，亦不就該等通訊在傳送期間的私隱 及╱或安全作任何保證。銀行將對透過互聯網傳送的敏感性資料（例如個人資料）加密（但不會對電子郵件訊息加密，因銀行無法對電子郵件訊息加密）。

14.6 您確認，使用網上銀行或電子交易服務存在固有風險，但您同意，相對於其利益而言，承擔這些風險是值得的，而且您放棄您因 下述情況而可能對銀行提出的任何申索：

(a) 任何系統或設備（包括電訊服務及設施）的任何故障，不論該等系統或設備是否由銀行提供，或任何電腦病毒或類似問題，但如屬銀行的嚴重疏 忽、故意的不當行為或詐騙的情況則除外；

(b) 銀行接受任何看似（或銀行有理由相信）是由您發出的未經授權的指示；

(c) 延誤執行您發出的指示，但僅以因銀行不能合理控制的範圍為限；

(d) 延誤交付或提供或者未交付或提供網上銀行或電子交易服務的任何部分，或者任何干擾或未經授權進入網上銀行或電子交易服務的任何部分，但 僅以因銀行不能合理控制的範圍為限；

(e) 延誤發出或交付或者未發出或交付透過網上銀行或電子交易服務規定或要求的任何通知或資料，或者未經授權而截取、毀壞或遺失任何該等通知 或資料，或者任何上述通知或該等通知所載的任何資料的任何不準確性、錯誤或遺漏，但僅以因銀行不能合理控制的範圍為限；

(f) 您沒有按本協議書或您與銀行訂立的任何有關協議使用網上銀行或電子交易服務；或

(g) 您依據或使用透過網上銀行或電子交易服務提供的任何資料或資訊，或者以其他方式按照該等資料或資訊行事。

14.7 除本協議書中明示規定的義務外，銀行或其代名人或次保管人並無任何義務；銀行或其代名人或次保管人概不對其在本協議書下 或就本協議書而作出或不作出的任何事宜承擔法律責任，但如屬銀行疏忽、不當行為或詐騙的情況則除外。您同意並接受，在任何情況下，銀行對任何特定事件或連 帶相關事件的法律責任概不超過有關交易、指示或指引（或連帶相關交易、指示或指引）的金額，或您直接蒙受的損害的金額（以較低的金額為準），而不影響前述 條文的規定。

14.8 對於因銀行同意作為代您進行任何證券交易的代理人，及╱或作為代您保管證券的保管人，及╱或根據證券的新上市或新發行或 根據本協議書提供有關服務而申請證券，使銀行確實或可能合理地蒙受、招致或遭受的一切行動、訴訟、法律程序、申索、要求、損失、損害、費用、開支和法律責 任，您特此保證給予銀行充分的彌償，作為您在本協議下一項獨立的責任。該彌償不應延伸至僅因銀行疏忽和失責所引致的任何後果。您應按銀行的要求，向銀行支 付因上述情況而（確實或可能）合理地蒙受、招致或遭受的所有款項（銀行就該等款額所作的決定乃決定性的，對您有約束力），連同有關的應計利息。利息自銀行 首次支付或招致該款項當日起計，直至您已實際完全清還該等款項為止。利率由銀行不時確定。

14.9 您特此承諾追認和確認銀行作為您的代理人在代表您進行證券交易時根據本協議書作出或聲稱根據本協議書作出的各種事情。

14.10 對於因任何證券由銀行的代理人管有、保管或控制時無論如何引起的任何損失、損害或減值，銀行概不負責，如因銀行疏忽或失 責則除外。您同意就由此造成的任何和一切後果向銀行的代理人作出彌償，並使其免受損害，而且您應按銀行的要求，向銀行償付因此或為此而合理地作出、蒙受或 遭受的或在其他方面與證券或與銀行或其代理人合法作出的事宜有關的任何付款、損失或損害。

15. 其他規定

15.1 確認書及結單

(a) 銀行應在根據本協議書進行證券交易或者從結算賬戶扣除資金後，迅速向您提供確認書。

(b) 銀行應按月向您提供有關根據本協議書代表您進行的證券交易的報告及結單，但是，如果銀行在任何一個月沒有代表您進行任何 證券交易，或在該月證券賬戶沒有任何收支項目，或該月的證券賬戶沒有結欠金額或沒有持倉或抵押品，則銀行可以選擇不就該月向您發出任何上述報告及結單。如 果您在某一個月已進行證券交易，或於某一個月結束時賬戶有結餘，但您在該月結束後十 (10) 日內沒有收到有關該月的結單，您有責 任立即通知銀行，要求取得該結單。

(c) 您承認，您有確實的責任及時審核任何及一切交易確認書及結單的準確性及完整性，如您認為任何項目出現錯誤，應立即通知銀 行。您承認，除非銀行在向您發出確認書、報告或結單後九十 (90) 日內收到您相反的書面通知，否則，如 無明顯的錯誤，任何確認書、報告或結單所列載的一切交易應視為準確及決定性的。您同意，由於您延遲將任何錯誤告知銀行而造成的任何損失，銀行概不承擔責 任。

15.2 決定性的記錄：您為進行有關證券的交易而在銀行開立的賬戶中的證券（包括記名證券及╱或合資格證券，如有 的話）的數量、類別及詳情，均以銀行的賬冊及記錄所載者為最終及決定性的，且該等賬冊及記錄對您具有約束力，但如該等賬冊及記錄出現明顯錯誤則除外。

15.3 累積的權利，放棄權利：銀行延遲行使或不行使本協議書下的任何權利、權力、特權或補救方法，並不損害該等 權利、權力、特權或補救方法，亦不可解釋為銀行已經放棄該等權利、權力、特權或補救方法。銀行單獨一次或局部地行使該等權利、權力、特權或補救方法，亦不 妨礙銀行其後再行使該等權利、權力、特權或補救方法，或者行使任何其他權利、權力、特權或補救方法。本協議書規定的權利、權力、特權或補救方法乃累積的， 而且並無將法律規定的任何權利、權力、特權或補救方法排除在外。

15.4 聯名賬戶：在兩名或以上人士共同簽訂本協議書的情況下：

(a) 上述每名人士應與其他每名人士共同及各別地承擔他們任何一人對銀行招致的與本協議書有關的任何法律責任；

(b) 上述每名人士均應受到約束，即使他們當中擬受約束的任何一人因任何原因沒有如此受到約束，而且他們簽訂客戶委託書應證明 上述受約束的意向；

(c) 銀行有權就任何事項（包括在任何範圍內解除他們任何一人的任何法律責任）與上述每名人士分開往來，而不影響其他任何一人 的法律責任；

(d) 銀行無須調查或監督款項的運用或證券在上述人士之間的分配；

(e) 銀行有權（但沒有義務）按照任何一人發出的指示或要求行事；

(f) 根據本協議書發給任何一人的任何通知應視為發給上述全部人士的有效通知；及

(g) 上述任何一人身故時（任何其他人士仍然在世），本協議書不應終止，並且死者在證券賬戶擁有的權益將因此而歸屬於尚存者， 並對尚存者的利益發生效力；但條件是，死者已招致的任何法律責任應由銀行對死者的遺產強制執行。

15.5 受權人：您特此作出一項不可撤銷的委任，委任銀行當其時的任何董事、經理或秘書作為您的受權人，執行上述 一切事情，並有權以您的名義，代表您簽署和簽立一切文件，或依照本協議書規定的其他方式簽署和簽立一切文件，而且該等董事、經理或秘書不時擁有完全的代替 權力進行上述各項。您特此追認並確認，亦同意追認並確認由任何上述受權人所採取的任何行動。

15.6 條款可以分割：本協議書各個條款均可以分割，並互相獨立。任何時候如有一個或以上條款屬於或變成無效、不 合法或不能強制執行，本協議書其餘條款的效力、合法性、可強制執行性在任何方面均不受任何影響和損害。

15.7 修訂：銀行可不時按其絕對酌情權以下列方式更改、補充或修訂本協議書的任何條款或加入新條款、或修訂其費 用及收費：(a) 向您發出書面通知，列載該等修訂或補 充的內容；(b) 在網站上刊登該等修訂或補充的內容， 或 (c) 在銀行任何分行張貼該等修訂或補充的 內容。本協議書的上述更改應在銀行發送通知予您之日或首次在網站刊登或在銀行分行展示修訂內容之日（以較早的日期為準）之後30日開始生效。

15.8 額外服務：銀行可不時通過根據第15.7條對本協議書作出修訂，就提供額外的有關服務而將額外的各部分併入本協議書內。該等額外的各部分應視為構成本協議書的一 部分，並應於以下兩個時間中較早出現者開始生效：(a) 修訂根據第15.7 條生效；及 (b) 您就上述額外的有關服務向銀行發出指 示的日期。銀行可能要求您就本協議書或任何額外的有關服務簽立額外文件，作為提供該額外的有關服務的條件。

15.9 重大更改：如果以下各項有任何重大更改，銀行應通知您：(a) 銀行業務的名稱及地址；(b) 銀行在證監會的註冊地位以及銀行的CE編號；(c) 銀行提供的服務的說明；(d) 應支付予銀行的報酬的說明及上述付款 的基準；或 (e) 須按照適用的法律及法規向您提供的其 他資料。您同意就本協議書規定的資料的任何重大更改通知銀行。尤其是，如果您的地址、傳真號碼、電話號碼及╱或電郵地址有任何更改，您應在切實可行的範圍 內盡快通知銀行。

15.10 終止：

(a) 本協議書可由您或銀行向對方發出30日書面通知（或如早於30日，則經相互同意）予以終止。

(b) 銀行亦可在其認為發生以下任何事件後，隨時向您發出通知取消或暫停執行任何未執行的指示或終止本協議書：

(i) 違約事件；

(ii) 您沒有維持在銀行的證券賬戶；

(iii) 如您由一人以上組成，則任何這些人之間發生任何爭議或法律程序。

(c) 本協議書的終止不應影響任何未執行的指令或可能已經出現的任何在法律上的權利或義務。不論前述規定如何，如果您有未平倉 的交易或有未清償的債務或未履行的義務，則您無權終止本協議書。

15.11 不可抗力：如果本協議書任何一方直接或間接地由於政府限制，或任何有關的證券交易所、結算公司或其他市場 採取緊急應變措施或暫停交易，或民事動亂、恐怖活動或有恐怖活動的威脅、天災、戰爭、罷工或銀行不能控制的其他情況而不能行事，以致另一方直接或間接地蒙 受任何損失，該方無須就此承擔法律責任。

15.12 通知：

(a) 就本協議書向您發出的任何通知、索求、證書、要求或其他通訊，應根據本條規定，按銀行記錄中您最後為人所知的地址或電郵地址或您不時通 知銀行的其他地址發給您，又或者使用在銀行記錄中您最後為人所知的電話號碼或您不時通知銀行的其他電話號碼，通過電話或通過銀行訂明的其他電子方式（包括 但不限於在網站特別指定供您進入的欄目上刊登）發給您。

(b) 所有通知、索求、證書、要求或其他通訊，如由專人送遞，應在送遞時視為已經發出；如以郵資預付的信件方式送遞，應在投寄 後48 小時視為已經發出；如以電傳、環球銀 行財務電訊協會或圖文傳真發送，應在發送時視為已經發出；如以電報發送，應在發送後24 小時視為已經發出；如以電話發出，應 在致電之日視為已經發出（或如果銀行無法透過電話與您接觸，則在銀行在電話錄音系統中留下口訊之日，而不論其後您是否收聽該電話訊息）；如以電郵或銀行訂 明的其他電子方式發出，應在發出後兩 (2) 小時視為已經發出，惟條件是發件人並 無收到有關電子郵件或電子訊息沒有到達擬收件方的通知；如在網站特別指定供您進入的欄目上刊登，應在其刊登在網站上時視為已經發出。

(c) 不論以上各款的規定如何，就本協議書向您發出的一切通訊，只要銀行連續三個工作日在銀行總辦事處或銀行全權酌情決定的分 行的銀行大堂放置或張貼有關通知及╱或在網站上刊登，即應視為您已妥為收到該等通訊。銀行亦可酌情決定，將該等通知的一份副本按第15.12(a) 條規定發送給您作為參考。

15.13 轉讓：

(a) 未經銀行事先書面同意，您無權轉讓、轉移或以其他方式處置您在本協議書下的任何權利或義務。銀行有權向其絕對酌情認為合 適的任何其他人轉讓、轉移或以其他方式處置其全部或任何權利或義務。

(b) 即使銀行的業務有任何變更或任何人繼承銀行的業務，本協議書的所有條文以及根據本協議書向銀行發出的一切指示應繼續有 效，而且對您的繼承人及獲准受讓人具有約束力。

15.14 再轉委：銀行有絕對酌情權將其在本協議書下的一切或任何義務再轉委予任何代理人或第三方履行。

15.15 適用語言：如果本協議書的英文版本的任何條文與本協議書的中文版本的有關條文有所抵觸，應以英文版本為 準。

15.16 法律和司法管轄權：本協議書受香港法律管限，並須按香港法律詮釋。您特此不可撤銷和無條件地接受香港法 院的非專屬司法管轄權。

第二部分 證券交易 服務的條款及條件

以下一般條款及條件不擬包括一切規定，並且必須與協議書的其他條文一併閱讀， 尤其是（但不限於）須與本協議書第一部分所列載的一般條款及條件一併閱讀。如果本第二部分的條款與協議書第一部分的任何條款之間有抵觸之處，應以本第二部 分的條款為準。

1. 證券交易 服務

1.1 銀行特此獲委任及授權按本部分所載的條款和條件為您提供證券的交易服務。

1.2 銀行可透過其全權決定的任何股票經紀或代名人或次保管人進行或執行您就證券交易發出的指示或履行其在本協議書下的義 務，不論銀行是否在該股票經紀或代名人或次保管人擁有任何權益（無論是直接擁有或間接擁有）。銀行對該股票經紀或代名人或次保管人的任何行為、不行為、疏 忽或失責概不承擔法律責任。

1.3 銀行向任何股票經紀或代名人或次保管人發出的任何指示，可以按銀行全權認為是適當的方式以您的名義或銀行本身的名義發 出，並可與銀行的其他客戶發出的指示合併處理。

1.4 即使本第二部分有任何其他規定，您承認，由於市場狀況，股票經紀可能無法執行指示，或如屬發出申請認購新股的指示，申 請可能完全失敗；而且如果您就同一公司、類別及面值的證券交易發出指示，而銀行只成功地為您執行一些而非全部該等指示時，銀行應按銀行酌情確定為公平及合 理的基準，將獲得的部分證券分配予您及銀行的其他客戶。在任何情況下，在作出任何指示時，您應該接受指示的結果，並應受該結果所約束。

2. 指示

2.1 進行證券交易的一切指示：(a) 如果是要求按可取得的市價進行交易， 應按股票經紀可以在股票市場取得的價格進行交易；(b) 如為交易定下一個指定價格或最高╱最 低價格，則在出售證券時，應按該指定價格進行交易，或按該最低價格或高於該最低價格的價格進行交易；而在購買證券時，須按該指定價格進行交易，或按該最高 價格或低於該最高價格的價格進行交易。如上述條件（視屬何情況而定）不能達到，則有關指示不會執行。您特此明示承認並同意，由於市場狀況，股票經紀可能無 法就出售或購買證券為您獲得可以得到的最佳價格。

2.2 除非您已說明而且銀行接受進行證券交易的指示的有效期，否則未執行的指示或（如屬部分執行）其未執行的有關部分，在指示 發出的有關交易所交易日結束時應自動無效作廢（如銀行另行通知您則除外）。為免疑問，銀行在有關交易所的某個交易日結束之後收到的任何指示應轉到該交易所 的下一個交易日執行，而本第2.2 條的前述規定應相應地適用。您承認和 同意，對於銀行在有關交易所的某個交易日結束後收到的指示，由於需要時間處理和執行等原因，因此該等指示未必可按該交易所的下一個交易日的開市價執行。

2.3 不論是否根據上文第1.4條或其他的規定，指明交易數額的證券交易指示可能只獲得部分執行。該已執行的部分對您有約束力，並且您接受該已執行的部 分。如果沒有說明指示的有效期，則指示的未執行部分應如上文第2.2條所規定自動無效作廢。如果已說明指示的有效期，該指示的未執行部分應仍然有效，直至該指示被執行或期滿或被您取消或銀 行不時決定的期間（以較早者為準）止。

2.4 如果指示不能執行或不能全部執行，銀行無須立即通知您。

2.5 您同意確保在您發出購買或出售證券的指示（包括根據第3條申請認購證券）時：

(a) 如屬購買證券，如您擁有證券（現金）賬戶，結算賬戶有足夠的可動用資金；或如您擁有證券（保證金）賬戶，則證券（保證 金）賬戶有足夠的可用保證金融資；或

(b) 如屬出售證券，證券賬戶有足夠的證券可供交易結算之用。不准進行賣空。

2.6 除非銀行另行同意，否則有關代您購買證券（包括根據第3條申請認購證券）或出售證券的指示只有在以下情況下才獲得接納：

(a) 如屬購買證券，您在結算賬戶（如您擁有證券（現金）賬戶）中擁有足夠的可用資金或已預先安排的透支融資，或在證券（保 證金）賬戶（如您擁有證券（保證金）賬戶）中擁有足夠的可用保證金融資，以支付購買證券的費用（包括印花稅、徵費、佣金及所有其他與交易有關的費用、收費 及開支）；或

(b) 如屬出售證券：

(i) 您已向銀行存入或轉讓或安排向銀行存入或轉讓有關證券，而且該等存入或轉讓證券的指示已予以執行；及╱或

(ii) 您已正式簽署或促使他人正式簽署轉讓文據及賣據或正式背書其他文件或所有權證據，以使證券可以自由轉讓，

在上述兩種情況下，如果證券是以實際的股份形式交付予銀行，則銀行為了確定證券的真實性可在進行出售之前，將證券持有一 段合理的期間，或在進行出售之後將出售所得收入持有一段合理期間，才根據第4.5條的規定將該金額貸記入結算賬戶（如您擁有證券（現金）賬戶）或證券（保證金）賬戶（如您擁有證券（保證金）賬戶）。

2.7 不論您是否已遵守第2.5及2.6條的規定，在收到購買證券（包括根據第3條申請認購證券）或出售證券的指示後：

(a) 如屬購買證券，如您擁有證券（現金）賬戶，銀行有權立即對結算賬戶中的貸方結餘及╱或可用的已預先安排的信貸融資劃定 或存留一筆金額，或如您擁有證券（保證金）賬戶，銀行有權立即對證券（保證金）賬戶中的可用保證金融資劃定一筆金額；該金額相等於證券價值的100%（或銀行按其合理酌情權認為是必需的其他金額）以及印花稅、徵費、佣金及所有其他與交易有關的費用、合理收費及開支， 直至銀行確實從股票經紀收到通知，確認指示不能完全執行，或（如在根據上文第1.4條或其他規定的情況下）指示部分執行，或（在申請認購新發行的證券的情況下）認購申請沒有完全成功而只有一部分成功； 在這種情況下，銀行可將其劃定或存留的金額中超過所購買或認購的證券的費用之部分發放；及

(b) 如屬出售證券，如您擁有證券（現金）賬戶，銀行有權立即對結算賬戶中的貸方結餘及╱或可用的已預先安排的信貸融資劃定 或存留一筆金額，或如您擁有證券（保證金）賬戶，銀行有權立即對證券（保證金）賬戶中的可用保證金融資劃定一筆金額；該金額不少於出售指令的價值的100%或任何百分率（由銀行按其酌情權作出估計）或銀行按其合理酌情權認為是必需的其他金額，以及印花稅、徵費、佣金及所有 其他與交易有關的費用、合理收費及開支，直至 (i) 予以出售的證券已經存入或轉讓予銀行或其代名人或次保管人；或 (ii) 銀行確實從其經紀或代理人收到通知，確認指示不能執行。

2.8 不論前述規定如何，除第2.5條的規定外，銀行可按其合理酌情權決定，在不進一步通知您的情況下，實行、進行或執行您購買證券（包括根據第3條申請認購證券）或出售證券的指 示，即使在您發出指示時，您在結算賬戶中沒有足夠的可動用資金，或在證券（保證金）賬戶中沒有足夠的可用保證金融資，或在證券賬戶中沒有足夠的證券（視屬 何情況而定）亦然；在這種情況下：

(a) 如屬購買證券，如您擁有證券（現金）賬戶，您應在發出有關指示後盡快將足夠的已結算資金存入結算賬戶；或如您擁有證券 （保證金）賬戶，您應在發出有關的指示後盡快按本條款及條件第五部分的規定支付銀行按其完全酌情權確定及要求的款項或存入銀行按其完全酌情權確定及要求的 額外抵押品（定義見本條款及條件第五部分），以進行交易結算；及

(b) 如屬出售證券，您應在發出有關指示後盡快將證券存入或安排將證券存入或轉讓予銀行，以進行交易結算。

您同意，您目前對根據您的指示進行的任何證券交易的一切結算及因該等證券交易引起的一切其他義務負責，而且您繼續對該等結算及義務負 責，而不論您的結算賬戶中的可動用資金的款額，或您的證券賬戶中的保證金融資或證券下欠銀行的款額。

3. 在公開發 售中認購證券

3.1 您可以要求銀行作為您的代理人，於證券在聯交所新上市及╱或新發行（「新發售」）或出售時代您申請認購證券。銀行並無義務接受該項要求。如果銀行接受要求，則您授權銀行於認購申請截止時間或之前任何時間代您提出 申請。

3.2 如果您要求銀行代您在新發售中申請認購證券，您應自行熟悉規管新發售的一切條款和條件（包括有關申請及結算安排的條款 和條件），並同意受所有該等條款和條件所約束及遵守所有該等條款和條件，並授權銀行按所有該等條款和條件在新發售中申請認購證券。

3.3 您同意提供就任何上述申請而可能被要求提供的資料，作出就任何上述申請而可能被要求作出的陳述、保證及承諾，並採取就 任何上述申請而可能被要求的步驟。您要求銀行代您在新發售時申請認購證券，您即被視為已作出就任何該等申請而可能被要求作出的陳述、保證及承諾，以及已授 權銀行代您向新發售的發行人或保薦人或其他有關人士作出該等陳述、保證及承諾。您承認並同意，您可能須就受該等陳述、保證及承諾的任何違反影響的其他人士 的損害賠償承擔法律責任，而且在不限制本協議書任何其他條文的效力之原則下，您同意就因上述違反而使銀行合理地蒙受、遭受或招致的任何損失、損害、訴訟、 要求、申索、法律程序、法律責任及開支向銀行作出彌償。該彌償不會延伸至僅因銀行疏忽和失責所引致的任何後果。

3.4 您同意，銀行應您的要求而在任何新發售中提出的證券認購申請，是您或代您提出的唯一申請。您授權銀行向聯交所及任何其 他有關人士作出有關上述情況的陳述及保證，並承認該等陳述及保證將予以倚賴。

3.5 如果銀行或其代理人為其自己、代表您及╱或代表銀行的其他客戶作出大宗申請，您同意：

(a) 上述大宗申請可能因為與您的申請無關的理由而被拒絕接受，而且在沒有詐騙、疏忽或失責的情況下，銀行或其代理人均不就 上述被拒絕接受而招致任何法律責任；及

(b) 如果上述大宗申請是由於您的陳述、保證或承諾遭違反或其他與您有關的因素所導致，則您須就銀行因此而合理地蒙受的一切 損失及法律責任向銀行作出充分彌償。您承認，您亦可能須對受上述違反或其他因素影響的其他人士承擔法律責任。

3.6 在本協議書的條款及條件第六部分的第1.4條的規限下，如果證券認購的申請不成功或部分不成功，而全部或部分申請款項被退回，您授權銀行或其代名人或次保管人收 取退款，除非您明確要求而且銀行同意，否則該等款項應貸記入結算賬戶（如您擁有證券（現金）賬戶）或證券（保證金）賬戶（如您擁有證券（保證金）賬戶）， 而且您特此授權銀行完成申請，以要求按本協議書下訂定的方式處理退款。

3.7 您可要求銀行按本協議書第六部分所載或經不時修訂的條款及條件，就新發售申請認購證券而向您提供信貸融資。銀行並無義 務接受該要求。如果銀行接受該要求，您同意受本協議書第六部分所載的條款及條件所約束，並遵守該等條款及條件。

3.8 在本部分的規定與規管新發售的條款及條件或本第3條的任何條文不一致的範圍內，應以規管新發售的條款及條件和本第3條的條文為準。此外，在本第3條的條文與規管新發售的條款及條件不一致的範圍內，應以規管新發售的條款及條件為準。

4. 結算

4.1 銀行作為代理人代您完成的證券交易，應在執行您的交易後兩 (2) 個交易 日或銀行或有關交易所或結算所確定的其他時間（「結算日期」）進行結算。

4.2 在不限制第2.6、2.7 及2.8條下，您承諾，如您擁有證券（現金）賬戶，您應在結算賬戶向銀行提供足夠的可動用資金，或如您擁有證券（保證金）賬 戶，您應確保證券（保證金）賬戶中有足夠的可用保證金融資或在證券賬戶中有足夠的證券，以在向銀行發出指示後24小時內（應要求或非應要求）進行結算。如果您沒有在上述指明的時間履行您的結算義務，銀行獲授權進行以下各項：

(a) 如屬購買證券（包括根據第3條申請認購證券），轉讓或出售證券賬戶的任何所需證券（包括已購買的證券），以履行您的結算義務；及

(b) 如屬出售證券，代您進行購買所需證券，以履行您的結算義務。

倘若因上述出售或購買（視屬何情況而定）及直接或間接地與之有關或與您 沒有履行您的結算義務有關而使銀行合理地招致、蒙受或遭受一切損失、損害、利息、費用、開支、訴訟、要求、申索、法律程序，您應按要求向銀行作出彌償。該 彌償不應延伸至僅因銀行疏忽和失責所引致的任何後果。

4.3 在代您執行任何出售證券的指示時，銀行獲授權從您存於銀行的匯集證券（包括記名證券及╱或合資格證券，視屬何情況而 定）中撥用、提取及╱或運用有關數量的有關證券，使銀行能夠按指示完成證券的出售。

4.4 就銀行代您購買的證券而言，銀行獲授權在收到證券後，可無須事先通知您而按其完全酌情權決定為您的賬戶將該等證券轉到 您名下或按照適用的法律及法規轉到銀行的代名人或次保管人名下，或（適用的話）為您將任何該等合資格證券存入中央結算系統保管人，而該等證券應由銀行根據 本協議書的條款及條件第三部的規定持有。

4.5 就銀行代您出售的證券而言，出售所得的收入淨額在扣除因按指示出售有關證券而合理地招致的一切經紀佣金、佣金、印花 稅、交易徵費或其他徵費、其他費用和開支後的金額，應首先用於支付及清償（不論是全部或部分地）本協議書下到期及欠負銀行的一切債項（如有的話），餘額 （如有的話）應貸記入結算賬戶（如您擁有證券（現金）賬戶）或證券（保證金）賬戶（如您擁有證券（保證金）賬戶）。

第三部分 保管服務 的條款及條件

以下一般條款及條件不擬包括一切規定，並且必須與協議書的其他條文一併閱讀， 尤其是（但不限於）須與本協議書第一部分所列的一般條款及條件一併閱讀。如果本第三部分的條款與協議書第一部分的任何條款之間有抵觸之處，應以本第三部分 的條款為準。

1. 銀行特此獲得委任及授權，按本協議書所載的條款及條件就證券賬戶持有的證券為您履行保管服務。

2. 就您存放於銀行或銀行代您購買或收 購的並由銀行持有以供妥為保管的一切證券而言，您特此授權銀行：

(a) 以您的名義或銀行的代名人或次保管人（包括招商永隆集團的任何成員）的名義登記證券；

(b) 將證券按照適用的法律及法規以存入在認可機構或另一個根據證券及期貨條例獲發牌進行證券交易的中介人，以妥為保管；

(c) 就合資格證券而言，將銀行按其絕對酌情權確定數量的合資格證券，以香港中央結算公司的名義或以中央結算系統代名人的名義 存入或登記或重新發行的形式，存入中央結算系統保管人；及╱或

(d) 就並非在聯交所交買賣的證券而言，將銀行按其絕對酌情權確定數量的合資格證券存入海外存管處，但須受該存管處或有關的結 算系統的規則、規例、規定及程序所規限。

3. 銀行保留權利拒絕您存入證券、拒絕 接受再存入證券或將已存於銀行的證券歸還予您，而不結束證券賬戶，在這種情況下，您應立即接受該等證券的交付。

4. 就您名下的或任何第三方名下的證券 而言，除非該等證券是記名方式的而且是以您的名義或中央結算系統代名人的名義登記，而且您應向銀行提供記名方式的證券的所有權文件，否則銀行可能不接受存 入該等證券。

5. 就已存入銀行的非銀行名下的證券而 言，您特此授權銀行或其代名人或次保管人按銀行的絕對酌情權進行下列各項：

(a) 如規管證券的法律或規管銀行或其代名人或次保管人的經營的法律要求，則代您（作為該等證券的所有人）完成及交付與該等證 券有關的任何所有權證明書、聲明或資料；

(b) 在任何證券到期收取應付款項或（如證券在到期之前）提出贖回要求時交出證券；條件是，如果證券在到期前提出贖回要求，銀 行或其代名人或次保管人概無責任交出證券以備贖回，但如果您在贖回要求提出後向銀行發出交出證券的書面要求，則除外；

(c) 遵守現時或日後生效的任何法律、規例或命令的規定，而該等法律、規例或命令的規定宣稱對任何證券持有人實施一項責任，以 就任何證券之付款或分派或就任何該等證券應付的款項採取或不採取任何行動；

(d) 以暫定或臨時形式的任何證券換取確定格式的證券；

(e) 完全為了銀行本身的利益而出售或處置您有權享有的零碎股份；及

(f) 按銀行或其代名人或次保管人認為合宜或適當者，或如果銀行或其代名人或次保管人認為不可能在合理的時間內得到您的指示， 或如果您並未在合理的時間內對銀行或其代名人或次保管人的指示要求作出回覆，或如果銀行或其代名人或次保管人認為獲得任何該等指示將涉及不當的延誤或開 支，則採取因證券而引致的任何行動、行使因證券而引致的任何權利，或履行因證券而引致的任何法律責任。

您特此確認及同意根據第5(d)條至第5(f)條所獲給予的授權的有效期不得超過12個月而該授權亦可按照適用的法律及法規續期。

您可於任何時間以不少於14日的書面形式通知銀行撤消根據第5(d)條至 第5(f)條所給予的授權。

6. 除非另行協定，否則您特此同意授權 銀行代您收取已存於銀行的證券的股息、利息及其他收入或資本，並採取銀行或其代名人或次保管人認為對進行上述收取而言是適當的行動，一切費用及開支概由您 自行承擔。銀行應在所收取的款項扣除就收取上述各項所招致的一切合理費用及開支後，將餘額貸記入結算賬戶或證券（保證金）賬戶（視屬何情況而定）。如果銀 行為客戶持有大量的相同證券，而您的證券構成該持股量中的一部分，則您應有權就您在總持股量中所佔的份額按比例分享利益。

7. 如果銀行或其代名人或次保管人收到 任何通知或通訊，而這些通知或通訊關於涉及付款、提交證券或收購或認購證券的權利或義務（該等權利或義務是由於您的證券賬戶所持有的證券而產生的）的任何 交易或事宜而且需要您的指示，則以下規定應適用：

(a) 銀行或其代名人或次保管人將作出合理努力，將有關交易或事宜通知您。

(b) 如果您沒有在銀行指定的時間內指示銀行作出回覆，則：(i) 如果涉及付款、提交證券或收購或認購 證券之權利的任何交易或事宜，而該等權利並非必須的，則應不可推翻地視為您已不可撤銷地放棄您有關該等交易或事宜的全部權利及享有權，而且銀行有權以其自 己的權利處理該等交易或事宜；(ii) 如果涉及付款、提交證券或收購或認購 證券的義務，或涉及付款、提交證券或收購或認購證券的權利（而該等權利是必須的）之交易及事宜，銀行有權且特此獲授權按其絕對酌情權決定進行以下任何一 項：(1) 如果您已開立證券（現金）賬戶，則將 該金額借記入結算賬戶；如您已開立證券（保證金）賬戶，則將該金額借記入證券（保證金）賬戶；或者，如果結算賬戶的資金不足或如果證券（保證金）賬戶的可 用保證金融資不足（視屬何情況而定），則將該金額借記入您在銀行的任何賬戶，不論該賬戶是儲蓄賬戶、往來賬戶、定期存款（不論其是否已到期）賬戶；或 (2) 從已進行的交易之所得收入（如有的 話）扣除該金額；或 (3) 將部分記名證券變現，以籌措足夠資金 就該等義務或必須的權利進行結算；或 (4) 代您支付該等義務或必須的權利，而支 付的款項應是墊付給您並以記名證券作為抵押，並且您應按要求，連同其利息一併償還，利息應按銀行合理確定的利率及方式計算，亦以記名證券作為抵押；及 (iii) 在任何其他情況下，銀行獲授權按其絕 對酌情權採取或不採取其真誠地相信為適當或適宜的任何行動。

(c) 如果您指示銀行行使任何權利，以透過認購必要的股份或其他證券而收購或認購證券，除非銀行已在上文第7(b) 條所述的限期內收到足夠的立即可用資 金，否則銀行並無責任如此做；如果銀行沒有在該限期內收到該等資金，則第7(b) 條的規定應適用，猶如您沒有及時向銀 行發出指示一樣。

(d) 依據按上文第7(c) 條規定您行使或代您行使權利而獲配發 的一切股份（但不包括您已放棄而給予銀行的那些股份），應構成記名證券或合資格證券的一部分。

8. 除第 7 條或除了經銀行另行同意外，銀行或其 代名人或次保管人概無義務或責任進行下列事項：(a) 將所收到的通知及通訊轉交予您，而且 對於沒有在足夠時間內將任何該等通知或通訊所述的任何事宜通知您以便您向銀行發出指示，銀行或其代名人或次保管人亦不承擔義務或責任；(b) 就催繳要求、轉換、要約、贖回、股 息、息票、付款或任何其他事宜進行查明或通知您或採取任何行動；(c) 向您發出銀行收到的關於證券的代表委 託書，或就收到該代表委託書向您發出通知。

9. 您可委任銀行或其代名人或次保管人 作為委託代表或代表，以出席證券持有人會議並在會上投票或作其他類似用途，而且您可就該等證券的累算權利或享有權的行使向銀行發出指示，或可指示銀行參與 其他影響該等證券的行動、交易或事宜。除非您在有關事件的日期前至少兩 (2) 個營業日向銀行發出指示，並且銀行或 其代名人或次保管人已就銀行或其代名人或次保管人因而將會或可能會合理地招致的任何和一切費用、開支或法律責任獲得銀行合理滿意的彌償及╱或保證，否則銀 行無義務按您的指示行事。

10. 除第9條規定者外，銀行或其代名人或次保管人應有權就出席有關任何證券的會議或在會上投票，或就證券的任何認購、轉換或其他權 利，或就任何合併、綜合、重組、接管、破產或無償債能力的程序、與此有關的債務妥協或債務償還安排或任何證券的存放或其他事項，按銀行的絕對酌情權決定行 事。銀行或其代名人或次保管人概無責任就上述各項進行調查或參與其中或採取任何行動贊成上述各項。

11. 您可隨時經提前至少三 (3) 個營業日向銀行發出書面通知（須經獲 授權人士╱獲授權代表正式簽署）而提取證券，但條件是：

(a) 如果任何證券正在辦理轉讓給銀行的代名人或次保管人並以其名義登記的過程中，或任何證券已經提交登記或重新發行在中央結 算公司或中央結算系統的名下，則在該等證券已適當登記或成為可供從中央結算系統保管人提取之後，而且銀行或其代名人或次保管人已收取該等證券之前，您無權 提取該等證券；及

(b) 如果您欠銀行任何債務，而如果銀行酌情決定任何提取可能會影響或損害其就該等債務而對您享有的權利，則您可能不獲准進行 任何該等提取；及

(c) 只要所歸還的證券與原來為銀行接受的那些證券屬同一類別、面額及面值而且享有同等權益，銀行即無責任向您歸還帶有號碼與 交付予銀行的證券之號碼相同的證券，但始終須受其間可能已發生的任何資本重組所規限；及

(d) 所提取的任何類別的記名證券應為該類別證券的最低面額（不論是以一手股數或其他單位）的倍數，並應在您開立證券賬戶所在 的銀行分行進行提取；及

(e) 就提取合資格證券而言，於您提出要求時：

(i) 可以提取記名方式的合資格證券，而且如果可以獲得所要求的證書的種類及數量，您可選擇提取該等證券的新證書或舊證書，而 且該等證書的提取應以一手股數或中央結算公司指明的其他面額為單位；或

(ii) 可透過將合資格證券轉到另一個中央結算系統參與者的賬戶而提取合資格證券，在這種情況下，您被視為已於銀行執行合資格證 券的指示時提取合資格證券，而銀行概無責任確保該等合資格證券是由您指明的中央結算系統參與者收到，亦無責任與該參與者確認其是否按您的指令持有合資格證 券。

除第11(e)(ii) 條規定者外，銀行將證券交付予獲授權 人士╱獲授權代表或銀行真誠地相信在您發出的交付指令上註明的其他指定人士或（如交付指令上並無註明指定人士）交付指令的持有人時，應絕對地解除銀行就該 等證券的一切法律責任；但條件始終是，不論上文規定如何：(a) 您可指示銀行在符合本協議書的條款出 售有關證券，而無須出示任何交付指示；(b) 銀行保留權利要求您親自提取。

12. 您應按要求向銀行支付銀行不時釐定的一切保管費，以及銀行就履行其在本協議書下的職責而招致的一切合理費用、開支及代墊 付費用。

13. 您同意，存於銀行的證券的一切風險概由您自行承擔，但如因銀行在履行其在本協議書下的職責時的疏忽、失責或詐騙而使您蒙 受損失或損害之風險，則除外；但無論如何，銀行的法律責任應以本協議書的條款及條件第一部分的第14.7條所述的範圍為限。

14. 銀行或其代名人或次保管人無須對您蒙受的任何損失或損害承擔法律責任，該等損失或損害包括（但不限於）從所收到的任何資 金或付款作出的任何扣減（以稅項或其他方式扣減），而不論該等損失或損害是否由於銀行或其代名人或次保管人處理或處置記名證券、合資格證券或證券交易而產 生或引致的，但如果該等損失或損害是銀行或其代名人或次保管人的任何代理人或職員的疏忽、不當行為或詐騙的直接及即時後果，則除外。

15. 銀行有權隨時在提前發出十四 (14) 日書面通知後結束證券賬戶，而無須就 此給予任何理由；上述通知到期時，銀行應以掛號郵件的方式將證券交還，一切風險及開支概由您自行承擔，而且您應立即接受該等證券的交付。

第四部分 藍籌儲蓄計劃的條款及條件

下 文列載的條款及條件並不擬包括一切規定，並且須與本協議書的其他條文一併閱讀，尤其是（但不限於）須與第一部分所列載的一般條款及條件一併閱讀。如果本第 四部分的條款與本協議書第一部分的任何條款之間有抵觸之處，應以本第四部分的條款為準。

1. 釋義

1.1 在本部分中，除非文意另有規定，否則：

「有關指示」指您按照本部分的條款每月定期向銀行發出的購買證券的任何指示。

「付款日期」指銀行經不時事先通知您而確定的每個月的一個日期，銀行將於該日（如果該日並非營業日，則於 下一個營業日）從結算賬戶扣除將會根據未執行的有關指示購買的一切證券的買價總額。

「證券」具有《證券及期貨條例》（香港法例第571章）附件1對該詞語指定的意思；爲免生疑問，該詞語應包括在聯交所上市或買賣的證券。

「交易日期」，就每個日曆月而言，指該日曆月的付款日期後的第二個營業日。

2. 委任銀行

您特此委任銀行作為您的代理人，按本協議書所列載的條款及條件並在該等 條款及條件的規限下，每月定期為客戶購買證券。

3. 服務範圍

3.1 您可不時向銀行發出有關指示，指示銀行每月定期為您購買證券。每個有關指示必須以銀行可能不時指明的格式及方式發出，並 且必須說明：(a) 將予購買的證券的類別；及 (b) 您每月就購買證券將投資的金額；及 (c) 銀行可能要求（不論是一般地或在任何 特定情況下要求）的其他資料。銀行可全權決定是否接受任何有關指示。

3.2 如果銀行接受有關指示，則銀行應獲授權按照本部分的條款，以您的代理人身分購買您在有關指示中指明的有關證券。

3.3 於每個交易日期，銀行應按其酌情權確定您在每個未執行的有關指示中所選擇的可以按聯交所的現行市價於該交易日期購買的證 券數目，其金額不超過您每月就該有關指示中所述的證券所作的供款額。經考慮該等證券在聯交所進行交易的一手股數或其他訂明的面值後，銀行應盡其合理努力為 您購買上述數目的證券；但是在任何情況下，銀行概無責任購買碎股證券或金額並非有關的訂明交易面值的證券。銀行應有酌情權合理地確定發出指令的時間、就證 券出價的方式以及就證券提出的買入價。

3.4 您承認，證券的價格在每一個交易日內均可能大幅波動，而且不保證銀行在任何交易日期均可為有關的證券獲得最佳的價格。您 承認，銀行每月為您實際購買的證券數量將取決於（除其他因素以外）成功執行指令當時的證券價格，而且並非銀行可以控制的。您所挑選的證券在聯交所的流通性 並沒有保證。由於證券價格迅速變化、某些證券缺乏賣方或經常出現對聯交所的某些證券需求極大的情況，或由於銀行合理控制以外的其他原因，因此在某些情況 下，即使銀行已作出合理努力，也有可能無法買入您在未執行的有關指示中所挑選的任何證券。您承認，銀行將僅在其考慮交易日期和╱或執行購買有關證券的買盤 指示時的市況後，才按其合理確定為適當的買入價，於交易日期為您發出該買盤指令，而在當日聯交所的正式交易時間結束時沒有執行的買盤指令將失去時效。您承 認並同意，對於您因銀行沒有根據本部分為您買入任何證券而可能蒙受或招致的任何損失或損害賠償，銀行概無任何法律責任，如因銀行疏忽或失責則除外。

3.5 銀行獲得明示授權，將其代表您作出的任何證券指令與銀行自己的或銀行代表銀行其他客戶作出的指令合併處理。如果合併處理 的指令沒有完全履行，則銀行擁有酌情權，按其合理認為公平的基準，將已購買的證券數量分配給其客戶（包括您）。銀行或其股票經紀可以（但無義務）為其本身 購買與銀行代表其客戶（包括您）購買的證券相同類別的證券，以確保有關證券合併處理後的整手交易股數（或其他訂明的交易面值）的指令可在聯交所執行。

3.6 如果於任何一個月的交易日期，您在未執行的有關指示中所挑選的任何證券在聯交所暫停買賣，則以下條文適用：

(a) 如果暫停在銀行進行購買之前發生，則在聯交所恢復買賣證券後，銀行應在實際可行的情況下盡快為您購買證券；及

(b) 如果暫停在銀行進行購買之後發生，則本協議書的條文適用，並且您應受未執行的有關指示的結果所約束。

4. 結算賬戶

4.1 就本部分而言，您可以銀行不時指定的形式及方式向銀行發出書面通知，指定新的結算賬戶（該賬戶必須是您在銀行維持的一個 銀行賬戶）的號碼，以更改作為結算賬戶的銀行賬戶。上述通知須經銀行書面確認後才生效。

4.2 您必須維持證券賬戶，以獲得銀行根據本部分提供的服務。如果您的證券賬戶因任何原因被終止，銀行將不會代表您購買任何證 券。

4.3 用於本部分中的「結算賬戶」一詞應指：

(a) 就購買以港元進行交易及結算之證券的有關指示而言，僅指港元結算賬戶。您不得指定一個外幣賬戶為結算賬戶，而且銀行在根 據有關指示進行交易時無須考慮您在銀行維持的任何外幣賬戶中的任何貸方結餘；及

(b) 就購買非以港元進行交易及結算之證券的有關指示而言，僅指外幣結算賬戶。您不得指定一個港元賬戶為結算賬戶，而且銀行在 根據有關指示進行交易時無須考慮您在銀行維持的任何港元賬戶中的任何貸方結餘。

5. 可接受購買的證券

銀行將僅接受您每月發出的購買已在聯交所上市或買賣之證券的有關指示， 該等證券由銀行就銀行的藍籌儲蓄計劃不時在其核准的證券名單上指定。

6. 付款

6.1 您同意向您的結算賬戶作出每月供款，以根據本部分購買證券，供款額為您的全部未執行的有關指示所列明的總額；或者以其他 方式確保結算賬戶有足夠的可動用資金，以於有關的付款日期支付您每個月的每月供款總額。

6.2 您特此授權銀行，將您用於根據本部分購買證券的每月供款全部記入結算賬戶的借方。您每月供款的金額應於每個付款日期從結 算賬戶中扣除。您承諾並同意確保結算賬戶於每個付款日期之前有可動用的資金，用作您在本部分下的每月供款。如在任何月份，結算賬戶沒有足夠的可動用資金以 支付您該月的每月供款總額，則銀行無須安排為該月份購買任何證券。

6.3 您應負擔與本協議書有關而招致的一切合理收費及債務，包括但不限於證券的買價及為您購買證券而招致的一切合理開支、交易 費用、佣金、印花稅、稅項及徵費，而且銀行獲得明示授權，運用其收到的您的每月供款清償上述合理收費及債務。銀行收到的您的每月供款中沒有用於清償上述收 費及債務的任何金額，應不計利息退回結算賬戶。

6.4 如果結算賬戶沒有足夠的可動用資金供連續三個月支付您的每月供款總額，則銀行有權無須事先通知您而終止您的一些或全部未 執行的有關指示（在每個情況下，是否全部或部分終止應參照該等有關指示中所選定的具體證券），而不損害本協議書的其他條文。

7. 指示

7.1 您向銀行發出的與本部分有關的一切指示，應由您以書面形式或銀行不時批准的其他方式發出。您發出書面指示時，該書面指示 必須經您正式簽署，並僅在銀行於其訂明的時限內收到方為有效。儘管銀行承諾合理謹慎地驗證其客戶及由它們正式委任的代表的簽名，但銀行概無義務鑒證任何該 等指示或查核發出該等指示的任何人士的身分。銀行真誠地相信由您或獲授權人士╱獲授權代表發出或宣稱由您或獲授權人士╱獲授權代表發出的一切指示，均對您 有約束力。銀行對捏改或誤認身分的後果概不承擔任何法律責任，但如果屬於銀行的疏忽或失責則除外。

7.2 有關：(a) 終止現有的任何未執行的有關指示，或 (b) 更改或修訂任何現有的未執行的有關指 示，必須由銀行在下一個付款日期前至少五個營業日收到，而不損害第7.1條的規定。如果銀行於某個月的付款日期前少於五個營業日收到您有關終止任何未執行的有關指示或更改或修訂您現有未執行的 有關指示，則銀行有權按其紀錄所示的您現有未執行的有關指示，將您該月的每月供款記入結算賬戶的借方，並且就該月份而言，應適用本部分中有關於就購買證券 之執行及結算的一切條款，而銀行對您由此蒙受或招致的任何損失或開支概不承擔任何責任。

8. 證券的保管

為您購買的證券應以您的名義或按照適用的法律及法規以銀行的代名人或次保管人的名義登記，並按照本協議書條款及條件第三 部分的條款妥為保管。

9. 法律責任限制

9.1 按本協議書規定提供服務並不使銀行成為受託人，而銀行對您的每月供款或為您購買的證券並無信託責任或其他責任。

9.2 銀行概無任何責任驗證或核實任何證券的所有權或產權的效力，亦無須對所有權或產權的任何欠妥之處承擔任何法律責任。

9.3 無論本協議書有任何其他規定，銀行無須對因其根據本協議書提供服務而使您招致的任何種類的損失承擔任何法律責任，但如損 失是因銀行或其委任的任何其他人士或它們各自的高級人員或僱員的疏忽或失責而造成者，則不在此限。

10. 您挑選證券的責任

10.1 銀行無須就本協議書下您挑選購買證券而向您提供任何意見。

10.2 您向銀行陳述及保證，您根據本協議書購買或停止購買證券的任何決定，應以您自己的判斷為依據，而且您乃倚賴您獨立取得 的資料及意見，而並非倚賴銀行提供的任何意見或資料。

第五部分 保證金交易的條款及條件

（僅供證券（保證金）賬戶客戶使用）

下文列載的條款及條件並不擬包括一切規定，並且須與本協議書的其他條文一併閱 讀，尤其是（但不限於）須與第一部分所列載的一般條款及條件一併閱讀。如果本第五部分的條款與本協議書第一部分的任何條款之間有抵觸之處，應以本第五部分 的條款為準。

1. 釋義

在本部分中，除非文意另有規定，否則：

「押記」指根據第 3.1 條對抵押品設定的押記。

「抵押品」指押記予銀行作為保證金融資的一項持續保證之您的證券或其他資產，詳見第3.1 條及第3.2 條。

2. 信貸安排

2.1 銀行可按其全權及絕對酌情權決定授予您保證金融資，其金額不超過銀行按其全權及絕對酌情權不時確定的、抵押給銀行的有關 抵押品的市值的某個指定百分率（由銀行按其全權及絕對酌情權不時確定）。任何上述保證金融資的提供應受本協議書條款及條件所規限。銀行有權按其絕對酌情權 修訂保證金融資的金額。

2.2 您特此授權銀行從保證金融資中提款，以結清銀行根據本協議書代表您執行任何證券交易或銀行根據本協議書提供任何有關服務 而您到期應付給銀行的任何款項。

2.3 您同意應要求立即全數支付在保證金融資下欠負銀行的任何款項。

2.4 您應按要求立即向銀行或其代名人或次保管人支付或存入或轉移經銀行批准的其金額由銀行按其絕對酌情權決定的額外現金及╱ 或證券，以就保證金融資提供足夠的保證，而不損害第2.3條的規定。您若未能遵守本條規定，將構成本協議書條款及條件的第一部分第12.1條下的違約事件。

2.5 銀行於任何時候均無義務向您提供任何保證金融資。尤其是，如果發生下列任何事件，銀行可按其絕對酌情權拒絕向您貸放保證 金融資下的任何款項：

(a) 您未能遵守本協議書條款的任何規定；

(b) 銀行認為，您的財務狀況或者對您清償在本協議書下的債務或履行您在本協議書下的義務之能力可能有不利影響的任何人士的財 務狀況發生或曾經發生實質性的不利變化；

(c) 貸放款項將促致超逾保證金融資的有關限額；

(d) 銀行按其絕對酌情權認為，為保護其本身起見，其不這樣做屬於審慎或適宜的；或

(e) 發生違約事件。

2.6 您同意按銀行不時指明的利率，就證券（保證金）賬戶的任何借方餘額或於任何時候以任何其他方式欠負銀行的任何款項向銀行 支付利息。該等利息須按日累算，並應於每個日曆月最後一日或於銀行提出要求時支付。

2.7 在遵守銀行可能不時全權酌情決定施加的限制之前提下，您可不時將資金從結算賬戶轉至證券（保證金）賬戶或者從證券（保證 金）賬戶轉至結算賬戶。

3. 抵押品

3.1 作為銀行給予您保證金融資或繼續不時給予您保證金融資的代價，您特此作為實益擁有人，將您現時或日後任何時間存於銀 行、其代名人或次保管人，或為任何目的而由銀行、其代名人或次保管人管有、保管或控制的一切證券或其他資產（包括額外或替代的證券），以第一固定押記的方 式押記給銀行，作為支付下列各項及履行清償下列各項的要求以及您按時及準時履行和遵守本協議書中的一切義務之持續擔保：您現時或日後任何時候欠負銀行或尚 未償還給銀行或可能成為欠負銀行或尚未償還給銀行的一切或任何款項及債務（絕對的或是或有的），連同利息（利率由銀行按其全權及絕對酌情權確定，直至款項 及債務支付為止）、佣金、法律費用，以及其他收費、費用及開支。

3.2 您按本協議書第3.1條的規定抵押給銀行的證券包括：