IPO Shares Subscription and IPO Financing

• Application for IPO financing is available on a first-come-first-served basis.
• For details of the relevant products and promotion offers, please contact the staff of Nanyang Commercial Bank, Limited (“the Bank”).
• The above service is only applicable to designated IPO shares.
• Customer should always monitor the position of securities margin account when using the securities margin account for IPO subscription. If there is a margin call, customer has the responsibility to pay the amount of the margin call. The Bank may at any time, without notice, cancel the application or sell the related securities to offset the cash shortfall.
• When customer subscribes IPO shares via securities margin account, interest will accrue on the debit balance in the customer’s securities margin account at the overdraft rate and the manner decided by the Bank from time to time, and will be debited to the customer’s account at the times decided by the Bank.
• The Bank reserves the right to amend and/or withhold the above terms and conditions at its sole discretion without further notice.
• In case of any dispute, the decision of the Bank shall be final.
• Should there be any discrepancy between the English and Chinese versions, the Chinese version shall prevail.

The following risk disclosure statements cannot disclose all the risks involved. You should undertake your own research and study before you trade or invest. You should carefully consider whether trading or investment is suitable in light of your own financial position and investment objectives. You are advised to seek independent financial and professional advice before you trade or invest. You should seek independent professional advice if you are uncertain of or have not understood any aspect of the following risk disclosure statements or the nature and risks involved in trading or investment.

Risk of securities trading
The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.

Risk of Securities Margin Service
The risk of loss in financing a transaction by deposit of collateral is significant. Due to the prices of securities fluctuate, sometimes dramatically, you may sustain losses in excess of your cash and any other assets deposited as collateral with us. Market conditions may make it impossible to execute contingent orders, such as “stop-loss” or “stop-limit” orders so as to limit your losses. You may be called upon at short notice to make additional margin or interest payments. If the required margin or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives. It is likely that losses will be incurred rather than profits made as a result of buying and selling securities.

Risk of trading Growth Enterprise Market Stocks
Growth Enterprise Market (GEM) stocks involve a high investment risk. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. GEM stocks may be very volatile and illiquid. You should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. GEM Companies are usually not required to issue paid announcements in gazetted newspapers. You should seek independent professional advice if you are uncertain of or have not understood any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks.

Before deciding whether to invest in the relevant shares, investors should read the relevant prospectus for detailed information about the proposed offer and seriously consider if investment in the relevant shares is suitable for his/her investment needs by reference to his/her financial position and other conditions and needs. If required, investors should obtain independent legal, financial and other professional advice before making any investment decision. This information on this website does not constitute an offer or an invitation or an inducement by the Bank to any person to acquire, purchase or subscribe for the shares proposed to be offered.