Common use of Margin Trading Clause in Contracts

Margin Trading. Subject to certain conditions prescribed by the Stock Connect Authorities, Hong Kong and overseas investors may conduct margin trading in China Connect Securities determined by the relevant Stock Connect Authorities to be eligible for margin trading ("Eligible Margin Trading Securities"). HKEx will from time to time publish a list of Eligible Margin Trading Securities. Each of the China Connect Market Operators may suspend margin trading activities in any specific A Share if the volume of margin trading activities in such A Share exceeds a threshold determined by such China Connect Market Operator and resume margin trading activities when the volume of margin trading activities drops below a prescribed threshold. Where SEHK is notified by a China Connect Market Operator that a suspension or resumption involves a security on the list of Eligible Margin Trading Securities, HKEx will disclose such information on its website. In such circumstances, any margin trading in the relevant China Connect Security shall be suspended and/or resumed accordingly. Each of the China Connect Market Operators has reserved the right to require margin trading orders to be flagged as margin trading orders when routed to Stock Connect. Neither Galaxy International Securities nor China Galaxy International shall have any obligation to update you in respect of the list of Eligible Margin Trading Securities or any restrictions or suspensions in respect of margin trading from time to time.

Margin Trading. Subject to certain conditions prescribed by the Stock China Connect Authorities, Hong Kong and overseas investors may conduct margin trading in China Connect Securities determined by the relevant Stock China Connect Authorities to - 82 - ESD-001-E/07 be eligible for margin trading ("“Eligible Margin Trading Securities"”). HKEx The HKEX will from time to time publish a list of Eligible Margin Trading Securities. Each of the The relevant China Connect Market Operators may suspend margin trading activities in any specific A Share if the volume of margin trading activities in such A Share exceeds a threshold determined by such the relevant China Connect Market Operator and resume margin trading activities when the volume of margin trading activities drops below a prescribed threshold. Where the SEHK is notified by a the relevant China Connect Market Operator that a suspension or resumption involves a security on the list of Eligible Margin Trading Securities, HKEx the HKEX will disclose such information on its website. In such circumstances, any margin trading (except for margin trading in respect of China Connect Securities buy orders) in the relevant China Connect Security shall be suspended and/or resumed accordingly. Each of the The relevant China Connect Market Operators has reserved reserves the right to require at some future date for margin trading orders to be flagged as margin trading orders when routed to Stock China Connect. Neither Galaxy International Securities we nor China Galaxy International any Related Person shall have any obligation to update you in respect of the list of Eligible Margin Trading Securities or any restrictions or suspensions in respect of margin trading from time to time.

Margin Trading. Subject to certain conditions prescribed by the Stock China Connect Authorities, Hong Kong and overseas investors may conduct margin trading in China Connect Securities determined by the relevant Stock China Connect Authorities to be eligible for margin trading ("“Eligible Margin Trading Securities"”). HKEx The HKEX will from time to time publish a list of Eligible Margin Trading Securities. Each of the Therelevant China Connect Market Operators may suspend margin trading activities in any specific A Share if the volume of margin trading activities in such A Share exceeds a threshold determined by such therelevant China Connect Market Operator and resume margin trading activities when the volume of margin trading activities drops below a prescribed threshold. Where the SEHK is notified by a therelevant China Connect Market Operator that Marketthat a suspension or resumption involves a security on the list of Eligible Margin Trading Securities, HKEx the HKEX will disclose such information on its website. In such circumstances, any margin trading (except for margin trading in respect of China Connect Securities buy orders) in the relevant China Connect Security shall be suspended and/or resumed accordingly. Each of the The relevant China Connect Market Operators has reserved reserves the right to require at some future date for margin trading orders to be flagged as margin trading orders when routed to Stock China Connect. Neither Galaxy International Securities we nor China Galaxy International any Related person shall have any obligation to update you in respect of the list of Eligible Margin Trading Securities or any restrictions or suspensions in respect of margin trading from time to time.