Re: Amendment to the Terms and Conditions

Dear Sirs,

Re: Amendment to the Terms and Conditions

We, CITIC Securities Brokerage (HK) Limited (“CSBHK”), have recently updated our (1) Terms and Conditions for Securities Trading & Terms and Conditions for Margin Financing, (2) Terms and Conditions for Securities Trading (Professional Investor - Institutional), (3) Terms And Conditions for Margin Financing  (Professional Investor – Institutional) (4) Addendum in relation to China Connect,  (5) Addendum in relation to Structured Note Transactions and (6)Addendum in relation to the Fund Transactions  (collectively referred as “Terms and Conditions”) to reflect certain regulatory updates and our services. The amendments to the Terms and Conditions outlined in this letter are applicable to CSBHK.

Words and expressions defined in the Terms and Conditions shall, unless the context otherwise requires, have the same meanings when used here. The revised Terms and Conditions are now available on our website at: https://www.citics.com.hk/customer-service.php

1.      Trading of Virtual Assets related ProductsWe are pleased to announce the trading of the virtual assets related products is available on CSBHK. The virtual assets related product is an investment product which: (a) have a principal investment objective or strategy to invest in virtual assets; (b) derive their value principally from the value and characteristics of virtual assets; or (c) track or replicate the investment results or returns which closely match or correspond to virtual assets. The investors should be aware that trading virtual assets related products involves substantial risks that can lead to significant financial losses. The terms and conditions on trading the virtual assets related products can be found in Terms and Conditions for Securities Trading & Terms and Conditions for Margin Financing, Addendum in relation to Structured Note Transactions and Addendum in relation to the Fund Transactions.

2.      Update to interest calculation

The interest calculation has been updated that the interest will now accrue daily from the date of advance, unless otherwise stated, on a 365-day basis if the loan is in HK dollars, and on a 360-day basis if the loan is in a currency other than HK dollars. This change applies to margin loans or other loans granted by CSBHK to our customers. The updated interest calculation is effective on 1 July 2025. The Terms and Conditions relates to interest calculation updates can be found in Terms and Conditions for Securities Trading & Terms and Conditions for Margin Financing and Terms and Conditions for Securities Trading (Professional Investor - Institutional).

3.      Update to Authorization for Trading China Connect Securities

In order to strengthen our position regarding the client trading the China Connect Securities, we have updated the customer’s authorization to CSBHK.  CSBHK is now authorized to sell, transfer, or undertake any other actions regarding China Connect Securities owned by the Customer, as instructed by any China Connect Authority, or as determined by CSBHK in its sole discretion to be necessary or desirable for compliance with applicable China Connect Laws. The Terms and Conditions relates to this update can be found in Addendum in relation to China Connect.

If you have any enquiries, please do not hesitate to contact your Relationship Manager or Customer Service Hotline at (852) 2237 9338 / 400 818 0338 from 9am to 6pm, Monday to Friday.

Yours faithfully,

CITIC Securities Brokerage (HK) Limited