Dear Valued Clients,

Notice of Financial Reporting Council Transaction Levy (Known as FRC Transaction)

From 1 January 2022 (Saturday), the payment of levies payable by sellers and purchasers of securities to the Financial Reporting Council (“FRC Transaction Levy”) will be commenced. FRC Transaction Levy is applicable to all Purchases and Sales of securities (admitted to trading, listed, or approved to be listed on the Exchange) recorded on the Exchange or notified to the Exchange.

FRC Transaction Levy is calculated at 0.00015% per side of the consideration of a transaction (rounded to the nearest cent).

Details of FRC Transaction Levy can be found in “Funding and Levies” section of the Financial Reporting Council see the website link June 28,2021 “Financial Reporting Council Transaction Levy, commence start from Jan 1 2022 levy transaction fee.

Please kindly see below links for more information.

HKEx:

https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/HKSCC/2021/cc_HKSCC_NOM_339_2021.pdf

FRC:

https://www.frc.org.hk/zh-hk/about-the-frc/funding

Should you have any inquiries, please feel free to contact our customer service at 39584600.

Thanks for your attention.