IPO Stocks Subscription

Investors should note that all investment involves risks. Prices of securities may go up or down and may even become valueless. Investors should read the relevant prospectus for detailed information about the proposed offer and seriously consider if investment in the relevant shares is suitable for his/her investment needs by reference to his/her financial situation, investment experience, investment objectives and other conditions and needs before deciding whether to invest in the relevant shares. If required, investors should obtain independent legal, financial and other professional investment or other advice before making any investment decision.

1. For IPO financing application made through Hang Seng Personal e-Banking, you are responsibile for checking for the status under "Applied IPO" and for any reply email notifying you that your application has been rejected. This email will be sent to "Inbox" in Hang Seng Personal e-Banking.
2. Any allotted shares and/or refund amount will be paid to you after the allotment result of the relevant Public Offer is made available to the Bank. If the refund amount is not sufficient to settle the loan amount, you must pay interest on the outstanding amount of the loan at the specified unauthorised overdraft interest rate.
3. On the refund day specified in the relevant prospectus of the IPO stocks (the Payment Due Day or Refund day is subject to any announcement or subsequent revision by the issuer of the relevant IPO stocks), you must repay the sum payable in respect of the loan in full in one lump sum. If you are unable to repay the loan and the interest accrued on the Payment Due Day, you should deposit the outstanding amount in cash to the payment account of such loan or place a selling order with the Bank to sell the subscribed shares before the closing of the morning session of the continuous trading session ("Morning Closing") on the first listing day of the IPO stock for settlement of the outstanding loan and accrued interest. If the sum outstanding under this Loan is not fully repaid and no such sell order is placed or such sell order cannot be executed before the Morning Closing on the First Listing Day, the Bank shall be entitled to, without demand, notice or any other action with respect to you, sell or otherwise dispose of all or some of the subscribed shares on your behalf at any time during the afternoon session of the continuous trading session on the First Listing Day (or at any time the Bank deems expedient) and (if applicable) to cancel or amend (whether in whole or in part) any selling order that you have placed in relation to the subscribed shares that cannot be fully executed before the Morning Closing on the First Listing Day to the extent the Bank considers appropriate or at any time and in any way the Bank deems expedient.