Common use of Client errors Clause in Contracts

Client errors. Neither Galaxy International Securities nor China Galaxy International shall be liable for any loss, damage or expense or consequential loss, damage or expense suffered by the Client as a result of any trading based on the Client’s Instructions. Galaxy International Securities will not be able to unwind any trade, and the Client should take note of the settlement arrangements in respect of China Connect Securities under Stock Connect, including but not limited to quota restrictions which may affect the ability to mitigate the consequences of any error trades. There is a general prohibition on off-exchange trading or transfers under the Stock Connect Rules, subject to certain exceptions (such as transfers effected to rectify error trades between an exchange participant and its clients in limited circumstances). Currently, there are no detailed rules or guidelines on permissible off-exchange transfers. In addition, XXXX may also suspend the right of a particular exchange participant to conduct non-trade transfers for error trade rectification if SEHK has reasonable cause to suspect or to believe that the exchange participant may abuse or may have abused such rectification arrangements or may have used such rectification arrangements to circumvent the prohibition against off-exchange trades or transfers. Galaxy International Securities is not obliged to effect any off-exchange transfer for rectification of error trades but has absolute discretion to determine whether to conduct such off- exchange transfer. Neither Galaxy International Securities nor China Galaxy International is liable for any losses which may result directly or indirectly from any error trade or any refusal to conduct a transfer to rectify an error trade.

Client errors. Neither Galaxy International Securities nor China Galaxy International shall be liable for any loss, damage or expense or consequential loss, damage or expense suffered by the Client as a result of any trading based on the Client’s Instructions. Galaxy International Securities will not be able to unwind any trade, and the Client should take note of the settlement arrangements in respect of China Connect Securities under Stock Connect, including but not limited to quota restrictions which may affect the ability to mitigate the consequences of any error trades. There is a general prohibition on off-exchange trading or transfers under the Stock Connect Rules, subject to certain exceptions (such as transfers effected to rectify error trades between an exchange participant and its clients in limited circumstances). Currently, there are no detailed rules or guidelines on permissible off-exchange transfers. In addition, XXXX SEHK may also suspend the right of a particular exchange participant to conduct non-trade transfers for error trade rectification if SEHK has reasonable cause to suspect or to believe that the exchange participant may abuse or may have abused such rectification arrangements or may have used such rectification arrangements to circumvent the prohibition against off-exchange trades or transfers. Galaxy International Securities is not obliged to effect any off-exchange transfer for rectification of error trades but has absolute discretion to determine whether to conduct such off- exchange transfer. Neither Galaxy International Securities nor China Galaxy International is liable for any losses which may result directly or indirectly from any error trade or any refusal to conduct a transfer to rectify an error trade.