Common use of Sale, Transfer and Disgorgement Clause in Contracts

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank to sell and liquidate a specified number of China Connect Securities, the Bank shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice, the Customer authorises the Bank to sell or arrange for the sale of such China Connect Securities on its behalf at such price and on such terms as the Bank may determine in its absolute discretion if it fails to comply with a Client Forced-sale Notice in a timely manner, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 Where China Connect Securities owned by the Customer that are the subject of a Client Forced-sale Notice have been transferred from the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank to provide instructions to the Recipient Agent on its behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer also undertakes to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes to instruct the Recipient Agent to act accordingly. 10.4 The Customer authorises the Bank to sell or arrange for the sale of any quantity of China Connect Securities owned by the Customer if the Bank receives notice from any China Connect Authority requiring it to disgorge any profits as a result of the “short swing profit rule”, as more fully described under paragraph 21 (Short Swing Profit Rule) of Part B of these China Connect Terms. 10.5 In addition to the above, the Customer authorises the Bank to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer if the Bank is instructed to do so by any China Connect Authority or if the Bank otherwise determines in its absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank shall have no liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under this Clause.

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives we receive notice (a “Forced-Forced- sale Notice”) from a China Connect Authority requiring the Bank us to sell and liquidate a specified number of China Connect Securities, the Bank we shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer you requesting the Customer you to sell and liquidate any number of such China Connect Securities that the Customer holds you hold in its your account with the Bank us (as determined by the Bank us in its our sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes you undertake to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice, the Customer authorises the Bank you authorise us to sell or arrange for the sale of such China Connect Securities on its your behalf at such price and on such terms as the Bank we may determine in its our absolute discretion if it fails you fail to comply in a timely manner with a Client Forced-sale Notice in a timely mannerNotice, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 Where China Connect Securities owned by the Customer you that are the subject of a Client Forced-Forced- sale Notice have been transferred from the holding of the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank you authorise us to provide instructions to the Recipient Agent on its your behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer You also undertakes undertake to inform the Recipient Agent of such authorisation authorization and, where required, the Customer undertakes you undertake to instruct the Recipient Agent to act accordingly. 10.4 The Customer authorises the Bank You authorise us to sell or arrange for the sale of any quantity amount of China Connect Securities owned by the Customer you if the Bank receives we receive notice from any China Connect Authority requiring it you to disgorge any profits as a result of the “short swing profit rule”, as more fully described under in paragraph 21 15 (Short Swing Profit Rule) of Part B of these China Connect Termsthe Annex hereto. 10.5 In addition to the above, the Customer authorises the Bank you authorise us to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer you if the Bank is we are instructed to do so by any China Connect Authority or if the Bank we otherwise determines determine in its our absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank Neither we shall nor any Related Person have no any liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under us or a Related Person in respect of this Clause.

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank to sell and liquidate a specified number of China Connect Securities, the Bank shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice.. DBS Bank Ltd., Singapore 88 Co. Reg. No. 196800306E 10.2 In relation to any Forced-sale Notice, the Customer authorises the Bank to sell or arrange for the sale of such China Connect Securities on its behalf at such price and on such terms as the Bank may determine in its absolute discretion if it fails to comply with a Client Forced-sale Notice in a timely manner, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 Where China Connect Securities owned by the Customer that are the subject of a Client Forced-sale Notice have been transferred from the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank to provide instructions to the Recipient Agent on its behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer also undertakes to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes to instruct the Recipient Agent to act accordingly. 10.4 The Customer authorises the Bank to sell or arrange for the sale of any quantity of China Connect Securities owned by the Customer if the Bank receives notice from any China Connect Authority requiring it to disgorge any profits as a result of the “short swing profit rule”, as more fully described under paragraph 21 (Short Swing Profit Rule) of Part B of these China Connect Terms. 10.5 In addition to the above, the Customer authorises the Bank to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer if the Bank is instructed to do so by any China Connect Authority or if the Bank otherwise determines in its absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank shall have no liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under this Clause.

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank to sell and liquidate a specified number of China Connect Securities, the Bank shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice, the Customer authorises the Bank to sell or arrange for the sale of such China Connect Securities on its behalf at such price and on such terms as the Bank may determine in its absolute discretion if it fails to comply with a Client Forced-sale Notice in a timely manner, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 Where China Connect Securities owned by the Customer that are the subject of a Client Forced-sale Notice have been transferred from the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank to provide instructions to the Recipient Agent on its behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer also undertakes to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes to instruct the Recipient Agent to act accordingly.. DBS Bank Ltd 83 Co. Reg. No. 196800306E 10.4 The Customer authorises the Bank to sell or arrange for the sale of any quantity of China Connect Securities owned by the Customer if the Bank receives notice from any China Connect Authority requiring it to disgorge any profits as a result of the “short swing profit rule”, as more fully described under paragraph 21 (Short Swing Profit Rule) of Part B of these China Connect Terms. 10.5 In addition to the above, the Customer authorises the Bank to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer if the Bank is instructed to do so by any China Connect Authority or if the Bank otherwise determines in its absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank shall have no liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under this Clause.

Sale, Transfer and Disgorgement. 10.1 9.1 Where, under the terms of the China Connect Rules, the Bank receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank to sell and liquidate a specified number of China Connect Securities, the Bank shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice. 10.2 9.2 In relation to any Forced-sale Notice, the Customer authorises the Bank to sell or arrange for the sale of such China Connect Securities on its behalf at such price and on such terms as the Bank may determine in its absolute discretion if DBS Bank Ltd 82 Co. Reg. No. 196800306E it fails to comply with a Client Forced-sale Notice in a timely manner, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 9.3 Where China Connect Securities owned by the Customer that are the subject of a Client Forced-sale Notice have been transferred from the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank to provide instructions to the Recipient Agent on its behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer also undertakes to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes to instruct the Recipient Agent to act accordingly. 10.4 9.4 The Customer authorises the Bank to sell or arrange for the sale of any quantity of China Connect Securities owned by the Customer if the Bank receives notice from any China Connect Authority requiring it to disgorge any profits as a result of the “short swing profit rule”, as more fully described under paragraph 21 (Short Swing Profit Rule) of Part B of these China Connect Terms. 10.5 9.5 In addition to the above, the Customer authorises the Bank to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer if the Bank is instructed to do so by any China Connect Authority or if the Bank otherwise determines in its absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 9.6 The Bank shall have no liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under this Clause.

Sale, Transfer and Disgorgement. 10.1 11.1 Where, under the terms of the China Connect Rules, the Bank CSSS receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank CSSS to sell and liquidate a specified number of China Connect Securities, the Bank CSSS shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer you requesting the Customer you to sell and liquidate any number of such China Connect Securities that the Customer holds you hold in its your account with the Bank CSSS (as determined by the Bank CSSS in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes you undertake to comply with any such Client Forced-sale Notice. 10.2 11.2 In relation to any Forced-sale Notice, the Customer authorises the Bank you authorise CSSS to sell or arrange for the sale of such China Connect Securities on its your behalf at such price and on such terms as the Bank CSSS may determine in its absolute discretion if it fails you fail to comply in a timely manner with a Client Forced-sale Notice in a timely mannerNotice, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 11.3 Where China Connect Securities owned by the Customer you that are the subject of a Client Forced-sale Notice have been transferred from the holding of the Clearing Participant of CCASS (“CP”) that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank you authorise CSSS to provide instructions to the Recipient Agent on its your behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer You also undertakes undertake to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes you undertake to instruct the Recipient Agent to act accordingly. 10.4 The Customer authorises the Bank 11.4 You authorise CSSS to sell or arrange for the sale of any quantity amount of China Connect Securities owned by the Customer you if the Bank CSSS receives notice from any China Connect Authority requiring it you to disgorge any profits as a result of the “short swing profit rule”, as more fully described under in paragraph 21 (Short Swing Profit Rule) 17 of Part B of these China Connect Termshereto. 10.5 11.5 In addition to the above, the Customer authorises the Bank you authorise CSSS to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer you if the Bank CSSS is instructed to do so by any China Connect Authority or if the Bank CSSS otherwise determines in its absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank 11.6 Neither CSSS shall nor any Related Person have no any liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under CSSS or a Related Person in respect of this ClauseClause 11.

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives we receive notice (a “Forced-Forced- sale Notice”) from a China Connect Authority requiring the Bank us to sell and liquidate a specified number of China Connect Securities, the Bank we shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer you requesting the Customer you to sell and liquidate any number of such China Connect Securities that the Customer holds you hold in its your account with the Bank us (as determined by the Bank us in its our sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes you undertake to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice, the Customer authorises the Bank you authorise us to sell or arrange for the sale of such China Connect Securities on its your behalf at such price and on such terms as the Bank we may determine in its our absolute discretion if it fails you fail to comply in a timely manner with a Client Forced-sale Notice in a timely mannerNotice, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 Where China Connect Securities owned by the Customer you that are the subject of a Client Forced-sale Notice have been transferred from the holding of the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank you authorise us to provide instructions to the Recipient Agent on its your behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer You also undertakes undertake to inform the Recipient Agent of such authorisation authorization and, where required, the Customer undertakes you undertake to instruct the Recipient Agent to act accordingly. 10.4 The Customer authorises the Bank You authorise us to sell or arrange for the sale of any quantity amount of China Connect Securities owned by the Customer you if the Bank receives we receive notice from any China Connect Authority requiring it you to disgorge any profits as a result of the “short swing profit rule”, as more fully described under in paragraph 21 15 (Short Swing Profit Rule) of Part B of these China Connect Termsthe Annex hereto. 10.5 In addition to the above, the Customer authorises the Bank you authorise us to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer you if the Bank is we are instructed to do so by any China Connect Authority or if the Bank we otherwise determines determine in its our absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank Neither we shall nor any Related Person have no any liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under us or a Related Person in respect of this Clause.

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives we receive notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank us to sell and liquidate a specified number of China Connect Securities, the Bank we shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer you requesting the Customer you to sell and liquidate any number of such China Connect Securities that the Customer holds you hold in its your account with the Bank us (as determined by the Bank us in its our sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes you undertake to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice, the Customer authorises the Bank you authorise us to sell or arrange for the sale of such China Connect Securities on its your behalf at such price and on such terms as the Bank we may determine in its our absolute discretion if it fails you fail to comply in a timely manner with a Client Forced-sale Notice in a timely mannerNotice, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 Where China Connect Securities owned by the Customer you that are the subject of a Client Forced-sale Notice have been transferred from the holding of the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank you authorise us to provide instructions to the Recipient Agent on its your behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer You also undertakes undertake to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes you undertake to instruct the Recipient Agent to act accordingly.. - 69 - ESD-001-E/06 10.4 The Customer authorises the Bank You authorise us to sell or arrange for the sale of any quantity amount of China Connect Securities owned by the Customer you if the Bank receives we receive notice from any China Connect Authority requiring it you to disgorge any profits as a result of the “short swing profit rule”, as more fully described under in paragraph 21 15 (Short Swing Profit Rule) of Part B of these China Connect Termsthe Annex hereto. 10.5 In addition to the above, the Customer authorises the Bank you authorise us to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer you if the Bank is we are instructed to do so by any China Connect Authority or if the Bank we otherwise determines determine in its our absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank Neither we shall nor any Related Person have no any liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under us or a Related Person in respect of this Clause.

Sale, Transfer and Disgorgement. 10.1 7.1 Where, under the terms of the China Connect Rules, the Bank CMS receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank CMS to sell and liquidate a specified number of China Connect Securities, Securities owned by the Bank shall be entitled to issue a corresponding notice Customer (a “Client "Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice"), the Customer hereby authorises the Bank CMS to sell or arrange for the sale of such China Connect Securities on its behalf of the Customer on such terms and at such price (including any associated fees and on expenses, and without any obligation to ensure the best price) and at such terms time as the Bank CMS may determine in its absolute discretion if it fails to comply with a Client Forced-sale Notice in a timely manner, to within the extent necessary to comply with all period specified by the relevant China Connect Laws and China Connect RulesAuthority. 10.3 7.2 Where China Connect Securities owned by the Customer that are the subject of a Client Forced-sale Notice have been transferred from the holding of the Clearing Participant that settled the relevant Northbound buy order (the “"Original CP”") to another Clearing Participant or custodian (the “"Recipient Agent”"), the Customer hereby authorises the Bank CMS to provide instructions to instruct the Recipient Agent on its behalf of the Customer to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect RulesMarket Requirements. The Customer also undertakes to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes to instruct the Recipient Agent to act accordingly. 10.4 7.3 The Customer hereby authorises the Bank CMS to sell or arrange for the sale of any quantity amount of China Connect Securities owned by the Customer if the Bank CMS receives notice from any China Connect Authority requiring it the Customer to disgorge any profits as a result of the “"short swing profit rule”", as more fully described under in paragraph 21 6 (Short Swing Profit Rule) of Part B of Appendix 1 to these China Connect TermsTerms and Conditions. 10.5 7.4 In addition to the above, the Customer hereby authorises the Bank CMS to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer if the Bank CMS is instructed to do so by any China Connect Authority or if the Bank CMS otherwise determines in its absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect RulesMarket Requirements (including, but not limited to, complying with eligibility requirements in respect of any ChiNext Shares). 10.6 The Bank 7.5 Neither CMS nor any Related Person shall have no any liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under CMS or any Related Person pursuant to this Clause.

Sale, Transfer and Disgorgement. 10.1 7.1 Where, under the terms of the China Connect Rules, the Bank CVS receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank CVS to sell and liquidate a specified number of China Connect Securities, Securities owned by the Bank shall be entitled to issue a corresponding notice Customer (a “Client "Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice"), the Customer hereby authorises the Bank CVS to sell or arrange for the sale of such China Connect Securities on its behalf of the Customer on such terms and at such price (including any associated fees and on expenses, and without any obligation to ensure the best price) and at such terms time as the Bank CVS may determine in its absolute discretion if it fails to comply with a Client Forced-sale Notice in a timely manner, to within the extent necessary to comply with all period specified by the relevant China Connect Laws and China Connect RulesAuthority. 10.3 7.2 Where China Connect Securities owned by the Customer that are the subject of a Client Forced-sale Notice have been transferred from the holding of the Clearing Participant that settled the relevant Northbound buy order (the “"Original CP”") to another Clearing Participant or custodian (the “"Recipient Agent”"), the Customer hereby authorises the Bank CVS to provide instructions to instruct the Recipient Agent on its behalf of the Customer to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect RulesMarket Requirements. The Customer also undertakes to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes to instruct the Recipient Agent to act accordingly. 10.4 7.3 The Customer hereby authorises the Bank CVS to sell or arrange for the sale of any quantity amount of China Connect Securities owned by the Customer if the Bank CVS receives notice from any China Connect Authority requiring it the Customer to disgorge any profits as a result of the “"short swing profit rule”", as more fully described under in paragraph 21 6 (Short Swing Profit Rule) of Part B of Appendix 1 to these China Connect TermsTerms and Conditions. 10.5 7.4 In addition to the above, the Customer hereby authorises the Bank CVS to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer if the Bank CVS is instructed to do so by any China Connect Authority or if the Bank CVS otherwise determines in its absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect RulesMarket Requirements (including, but not limited to, complying with eligibility requirements in respect of any ChiNext Shares). 10.6 The Bank 7.5 Neither CVS nor any Related Person shall have no any liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under CVS or any Related Person pursuant to this Clause.

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives we receive notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank us to sell and liquidate a specified number of China Connect Securities, the Bank we shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer you requesting the Customer you to sell and liquidate any number of such China Connect Securities that the Customer holds you hold in its your account with the Bank us (as determined by the Bank us in its our sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes you undertake to comply with any such Client Forced-sale Notice. 10.2 In relation to any Forced-sale Notice, the Customer authorises the Bank you authorise us to sell or arrange for the sale of such China Connect Securities on its your behalf at such price and on such terms as the Bank we may determine in its our absolute discretion if it fails you fail to comply in a timely manner with a Client Forced-sale Notice in a timely mannerNotice, to the extent necessary to comply with all China Connect Laws and China Connect Rules. 10.3 Where China Connect Securities owned by the Customer you that are the subject of a Client Forced-sale Notice have been transferred from the holding of the Clearing Participant that settled the relevant Northbound buy order (the “Original CP”) to another Clearing Participant or custodian (the “Recipient Agent”), the Customer authorises the Bank you authorise us to provide instructions to the Recipient Agent on its your behalf to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with all China Connect Laws and China Connect Rules. The Customer You also undertakes undertake to inform the Recipient Agent of such authorisation and, where required, the Customer undertakes you undertake to instruct the Recipient Agent to act accordingly.. - 69 - ESD-001-E/07 10.4 The Customer authorises the Bank You authorise us to sell or arrange for the sale of any quantity amount of China Connect Securities owned by the Customer you if the Bank receives we receive notice from any China Connect Authority requiring it you to disgorge any profits as a result of the “short swing profit rule”, as more fully described under in paragraph 21 15 (Short Swing Profit Rule) of Part B of these China Connect Termsthe Annex hereto. 10.5 In addition to the above, the Customer authorises the Bank you authorise us to sell, transfer or carry out any other action in relation to China Connect Securities owned by the Customer you if the Bank is we are instructed to do so by any China Connect Authority or if the Bank we otherwise determines determine in its our absolute discretion that it is necessary or desirable to do so in order to comply with any China Connect Laws or China Connect Rules. 10.6 The Bank Neither we shall nor any Related Person have no any liability for any losses or risks which may result to the Customer directly or indirectly from any actions taken by the Bank under us or a Related Person in respect of this Clause.