Margin

1. Margin rate and stock loan rate for Hong Kong stocks

Notes:

1. The above margin rate is the standard rate. The actual margin rate may be adjusted from time to time to adapt to changes in currency exchange rates and market conditions.

2. Commission status and commission plan will not be affected if you upgrade to a margin account during the commission free period.

3. The interest calculation period runs for 365 calendar days. Interest is accrued daily and charged monthly at the end of the month. No interest will accrue on intraday margin loans if they are fully repaid by the market close.

4. Margin Interest = Margin Loan * 6.8% * Interest Accrual Days / 365.

     If your account has a negative balance after interest is debited for the current month, the owed amount will be added to the margin loan for the next month.

5. Stock Loan Interest = Market Value of Borrowed Stock * Stock Loan Rate * Interest Accrual Days /365.

• The market value of the borrowed stock is determined by the stock's settlement price, which is equal to its closing price on the transaction date.

• The stock loan rate isn't fixed. It varies based on several factors such as the stock's risk level, its liquidity in the market, and the short interest ratio (the proportion of shares available to borrow compared to the total number of shares).

• The stock loan rate may fluctuate based on the specific stock, date and time. After a short sale trade fills, the interest on the borrowed shares may vary each day. The daily stock loan rate is determined at the time of settlement. For details, please refer to your statements.

• If your account has a negative balance after interest is debited for the current month, the owed amount will be added to the margin loan for the next month.

2. Margin rate and stock loan rate for US stocks

Notes:

1. The above margin rate is the standard rate. The actual margin rate may be adjusted from time to time to adapt to changes in currency exchange rates and market conditions.

2. Commission status and commission plan will not be affected if you upgrade to a margin account during the commission free period.

3. The interest calculation period runs for 365 calendar days. Interest is accrued daily and charged monthly at the end of the month. No interest will accrue on intraday margin loans if they are fully repaid by the market close.

4. Margin Interest = Margin Loan * 4.8% * Interest Accrual Days / 365.

     If your account has a negative balance after interest is debited for the current month, the owed amount will be added to the margin loan for the next month.

5. Stock Loan Interest = Market Value of Borrowed Stock * Stock Loan Rate * Interest Accrual Days /365.

• Market Value of Borrowed Stock = (Closing Price × 102%, rounded up to the nearest whole number) × Borrowed Share Quantity. Example: For a stock closing at 24.91 USD with 100 borrowed shares, the value is ROUNDUP(24.91 × 102%) × 100 = 2600 USD.

• The stock loan rate isn't fixed. It varies based on several factors such as the stock's risk level, its liquidity in the market, and the short interest ratio (the proportion of shares available to borrow compared to the total number of shares).

• The stock loan rate may fluctuate based on the specific stock, date and time. After a short sale trade fills, the interest on the borrowed shares may vary each day. The daily stock loan rate is determined at the time of settlement. For details, please refer to your statements.

• If your account has a negative balance after interest is debited for the current month, the owed amount will be added to the margin loan for the next month.

3. Margin rate for China A-shares

Notes:

1. The above margin rate is the standard rate. The actual margin rate may be adjusted from time to time to adapt to changes in currency exchange rates and market conditions.

2. Commission status and commission plan will not be affected if you upgrade to a margin account during the commission free period.

3. The interest calculation period runs for 365 calendar days. Interest is accrued daily and charged monthly at the end of the month. No interest will accrue on intraday margin loans if they are fully repaid by the market close.

4. Margin Interest = Margin Loan * 8.8% * Interest Accrual Days / 365.

   If your account has a negative balance after interest is debited for the current month, the owed amount will be added to the margin loan for the next month.

4. Margin rate for Japanese stocks

Notes:

1. The above margin rate is the standard rate. The actual margin rate may be adjusted from time to time to adapt to changes in currency exchange rates and market conditions.

2. Commission status and commission plan will not be affected if you upgrade to a margin account during the commission free period.

3. The interest calculation period runs for 365 calendar days. Interest is accrued daily and charged monthly at the end of the month. No interest will accrue on intraday margin loans if they are fully repaid by the market close.

4. Margin Interest = Margin Loan * 2.8% * Interest Accrual Days / 365.
   If your account has a negative balance after interest is debited for the current month, the owed amount will be added to the margin loan for the next month.

5. Margin rate for Singapore stocks

Notes:

1. The above margin rate is the standard rate. The actual margin rate may be adjusted from time to time to adapt to changes in currency exchange rates and market conditions.

2. The interest calculation period runs for 365 calendar days. Interest is accrued daily and charged monthly at the end of the month. No interest will accrue on intraday margin loans if they are fully repaid by the market close.

3. Margin Interest = Margin Loan * 8.8% * Interest Accrual Days / 365. If your account has a negative balance after interest is debited for the current month, the owed amount will be added to the margin loan for the next month.