Common use of Compliance with China Connect Laws and China Connect Rules Clause in Contracts

Compliance with China Connect Laws and China Connect Rules. 5.1 Trading in China Connect Securities will be subject to all China Connect Laws and China Connect Rules. 5.2 These China Connect Terms highlight certain key features of China Connect as of the date hereof. The Bank is not liable for any inaccuracies or misstatements in the information set out in these China Connect Terms. These China Connect Terms do not purport to cover all China Connect Laws and China Connect Rules. The Customer understands that the Customer shall be fully responsible for understanding and complying with all China Connect Laws and China Connect Rules and for any consequences of Northbound trading. The Bank does not, and does not intend to, advise the Customer on any China Connect Laws or China Connect Rules. 5.3 The Bank shall have the right to apply any procedures or requirements in respect of any trading of China Connect Securities which it determines in its absolute discretion to be necessary or desirable for the purpose of any China Connect Laws, China Connect Rules, requests/requirements of the relevant Exchanges or market practice. For example, clients who are (or become) Mainland Investors are not permitted to hold a BCAN and shall be subject to restrictions or prohibitions from trading under Stock Connect, and this includes participation in voluntary corporate action. In certain situations, such clients may not be able to deal in their existing holdings (acquired prior to the change in their status) and/or may face limited or no voting rights at all. There may also be possible audit checks or inspections on Customers who are end investors or users. The Bank shall have no liability for any losses or risks which may result directly or indirectly from such procedures or requirements.

Compliance with China Connect Laws and China Connect Rules. 5.1 Trading 4.1 Any trading in China Connect Securities will be subject to all China Connect Laws and China Connect Rules, certain of which are referred to in these China Connect Terms. 5.2 4.2 These China Connect Terms highlight certain key features of China Connect as of the date hereof. The Bank is not liable for any inaccuracies or misstatements in the information set out in these China Connect Terms. These China Connect Terms do not purport to cover all China Connect Laws and China Connect Rules. The Customer understands that the Customer shall be fully responsible for understanding and complying with all China Connect Laws and China Connect Rules and for any consequences of Northbound trading. The Bank does not, and does not intend to, advise the Customer on any China Connect Laws or China Connect Rules. 5.3 4.3 The Bank shall have the right to apply any procedures or requirements in respect of any trading of China Connect Securities through China Connect which it determines in its absolute discretion to be necessary or desirable for the purpose of any China Connect Laws, China Connect Rules, requests/requirements of the relevant Exchanges Rules or market practice. For example, clients who are (or become) Mainland Investors are not permitted to hold a BCAN and shall be subject to restrictions or prohibitions from trading under Stock Connect, and this includes participation in voluntary corporate action. In certain situations, such clients may not be able to deal in their existing holdings (acquired prior to the change in their status) and/or may face limited or no voting rights at all. There may also be possible audit checks or inspections on Customers who are end investors or users. The Bank shall have no liability for any losses or risks which may result directly or indirectly from such procedures or requirements. 4.4 The Bank may, in its absolute discretion, refuse to execute any instruction provided by the Customer if such instruction is not compliant with any China Connect Laws or China Connect Rules or if the Bank reasonably believes that such instruction may not be compliant with any China Connect Laws or China Connect Rules. The Bank shall have no liability for any losses or risks which may result directly or indirectly from such refusal. 4.5 Without limitation to the foregoing, the Bank may in its absolute discretion suspend, terminate or limit the Customer’s ability to access China Connect through the Bank without advance notice to Customer, including but not limited to where requested or directed by a China Connect Authority.

Compliance with China Connect Laws and China Connect Rules. 5.1 Trading in China Connect Securities will be subject to all China Connect Laws and China Connect Rules. 5.2 These China Connect Terms highlight certain key features of China Connect as of the date hereof. The Bank is not liable for any inaccuracies or misstatements in the information set out in these China Connect Terms. These China Connect Terms do not purport to cover all China Connect Laws and China Connect Rules. The Customer understands that the Customer shall be fully responsible for understanding and complying with all China Connect Laws and China Connect Rules and for any consequences of Northbound trading. The Bank does not, and does not intend to, advise the Customer on any China Connect Laws or China Connect Rules. 5.3 The Bank shall have the right to apply any procedures or requirements in respect of any trading of China Connect Securities which it determines in its absolute discretion to be necessary or desirable for the purpose of any China Connect Laws, China Connect Rules, requests/requirements of the relevant Exchanges Rules or market practice. For example, clients who are (or become) Mainland Investors are not permitted to hold a BCAN and shall be subject to restrictions or prohibitions from trading under Stock Connect, and this includes participation in voluntary corporate action. In certain situations, such clients may not be able to deal in their existing holdings (acquired prior to the change in their status) and/or may face limited or no voting rights at all. There may also be possible audit checks or inspections on Customers who are end investors or users. The Bank shall have no liability for any losses or risks which may result directly or indirectly from such procedures or requirements. 5.4 The Bank may, in its absolute discretion, refuse to execute any instruction provided by the Customer if such instruction is not or if the Bank reasonably believes may not be compliant with any China Connect Laws or China Connect Rules. The Bank shall have no liability for any losses or risks which may result directly or indirectly from such refusal. 5.5 Without limitation to the foregoing, the Bank may in its absolute discretion suspend, terminate or limit the Customer’s ability to access China Connect through the Bank without advance notice to the Customer, including but not limited to where requested or directed by a China Connect Authority.