Common use of Eligible Investors Clause in Contracts

Eligible Investors. The Client acknowledges that Northbound Trading is available only to Hong Kong and overseas investors and represents and undertakes on a continuing basis, including without limitation on each date that the Client place an order or give an instruction in respect of China Connect Securities under this Supplement, that: (a) unless the Client is an Institutional Professional Investor and such status has been confirmed by Galaxy International Securities, the Client will not place any order or give any Instruction to buy or sell ChiNext Shares under Stock Connect (other than Special China Connect Securities which are eligible for sell orders only); (b) in the case where the Client is acting as agent on behalf of its/his/her client, the Client will not place any order or give any Instruction to buy or sell ChiNext Shares under Stock Connect on behalf of such client (other than Special China Connect Securities which are eligible for sell orders only), unless the Client is reasonably satisfied that such client is an Institutional Professional Investor; and (c) the Client’s investment in China Connect Securities is in compliance with laws and regulations of Hong Kong and Mainland China in respect of China Connect or any activities arising from China Connect and laws and regulations of Mainland China, including those in relation to foreign exchange control and reporting, as may be amended from time to time.