GoWealth “Dragon Year Special Treats”: Subscribe Featured Funds or Portfolio, earn a one-month 6.88%* annual rate cash reward!

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As the Year of the Dragon is around the corner, WeLab Bank is ready to celebrate the joy and prosperity with all our customers by launching a new promotional program - GoWealth “Dragon Year Special Treats”. Subscribe Featured Funds* or fund portfolios via GoWealth Digital Wealth Advisory* to enjoy a one-month 6.88%* annual rate cash reward!

Promotion details:

Just three simple steps to participate:

From now until 3pm Hong Kong time on February 29, 2024, new and existing WeLab Bank customers:

(1) Open or hold core accounts and investment accounts and maintain them until April 30, 2024;

(2) Have a balance of HKD 10,000 or above in any accounts with the Bank as of February 29,

(3) Use Featured Funds Services* or GoWealth Digital WeatlhWealth Advisory* in the WeLab Bank App, to submit a one-time investment instruction (exclude monthly instruction) of HKD 10,000 or above for subscribing funds (except all money market funds) or portfolio 2 to 12 (except portfolio 1), hold the fund(s)/portfolio(s) until April 30, 2024.

If you meet three or more points, all eligible transactions can enjoy up to 6.88% annual rate* cash rewards!

What are you waiting for? Visit the WeLab Bank App and join now!

Disclaimers:

* From 5 February to 29 February 2024, customers who successfully opened or have a valid Core Account and Investment Account, with any accounts’ balance on or above HKD 10,000 as of 29 February 2024, conducted one-time subscription of funds / portfolios via Featured Funds or GoWealth Digital Wealth Advisory with HKD 10,000 or above (excluding money market funds and Portfolio 1, and any monthly investment instructions), and hold the fund position until the end of Maintenance Period from 1 March 2024 to 30 April 2024, can enjoy a one-month 6.88% annual rate cash reward on the Eligible Transaction.

The cumulative investment amount Eligible Transactions of a customer that can be counted as Eligible Transactions shall be capped at HKD1,000,000 and the total Cash Reward received under this Program shall be capped at HKD 5,654.8 (HKD 1,000,000 *6.88%*30/365).

For a limited time only. T&Cs apply. The investment products or services mentioned in this material are not equivalent to, nor should it be treated as a substitute for, time deposit. This Offer cannot be used in conjunction with other special promotions, discounts or promotional offers related to GoWealth Digital Wealth Advisory Services or Featured Funds unless otherwise specified. Note: Investment involves risks. The above information is for reference only and does not constitute any investment advice. Past performance is not indicative of future results.

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How to participate in this promotion of GoWealth New and Existing Customers Cash Reward?

WeLab Bank GoWealth New and Existing Customers Cash Reward Program shall start from 5 February to 29 February 2024. Fund Position Maintenance Period shall start from 1 March 2024 until 30 April 2024.

The cumulative investment amount of a customer that can be counted as Eligible Transactions shall be capped at HKD1,000,000 and the total Cash Reward received under this Program shall be capped at HKD 5,654.8 (HKD 1,000,000 *6.88%*30/365) If there is a decimal place in the calculation of the cash reward, it will be rounded up to the nearest one decimal place. E.g. Eligible Transaction of HKD 100,000 investment amount x 6.88% *30/365 = HKD565.5. Unless we specify otherwise, cash rewards will be credited to your WeLab Bank core account on or before 17 May 2024. The status of your WeLab Bank core account and investment account must be valid and normal when the cash reward is deposited, otherwise you will not be able to obtain the relevant rebate. For the avoidance of doubt, any investment instruction submitted via Featured Funds or GoWealth Digital Wealth Advisory on monthly instruction shall NOT be considered as an Eligible Transaction. This Offer cannot be used in conjunction with other special promotions, discounts or promotional offers related to GoWealth Digital Wealth Advisory Services or Featured Funds unless otherwise specified. Terms and conditions apply, please click HERE for details.

What investment fees will be charged?

For fund subscription fee, it is charged when you place a buy order (e.g. creating a goal, monthly investment, and switching / rebalancing order with buy orders). Subscription fee by a percentage would be charged on the subscription amount, please refer to General Service Charges for details. On the other hand, fund houses may also charge management fee and other charges, where you may refer to relevant fund offering documents for more details and the Bank will receive a rebate of the management fee received by fund houses as the commission, please refer to General Service Charges for details.

<The fund platform fee shall be charged monthly and will be debited from your Core Account on or before the 7th business day of each month. The fund platform fee of a month is an aggregate amount of the daily fee within the month. Daily fee is calculated based on the daily market value of all your settled fund holdings in HKD (or HKD equivalent based on daily reference rate) under Featured Funds Services, excluding all money market fund holdings, multiplied by the fund platform fee monthly rate and divided by the number of calendar days of the month. Fund platform fee accrued in a month (if any) will be shown on the corresponding Investment Account Monthly Statement. For details of the prevailing fund platform fee monthly rate, please refer to the “General Services Charges”. For fund asset class information, please refer to the fund details page in WeLab Bank app. Also, fund houses may also charge management fee and other charges, where you may refer to relevant fund offering documents for more details and the Bank will receive a rebate of the management fee received by fund houses as the commission, please refer to General Service Charges for details.

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Disclaimers

This webpage is for information only and does not constitute any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any investment products or services. The investment products or services mentioned in this webpage are not equivalent to, nor should it be treated as a substitute for, time deposit.

Investment involves risk. The price of an investment fund unit may go up as well as down and the investment funds may become valueless. Part of your investment may not be able to liquidate immediately under certain market situation. Please refer to our Wealth Management Services Terms (including relevant risk disclosures) and relevant fund offering documents for more details of our services as well as the nature and risks of the relevant products.

The investment decision is yours but you should not invest in these product(s) nor services unless the intermediary who sells them to you has explained to you that these products are suitable for you having regard to your financial situation, investment experience and investment objectives.

Before making any investment decisions, you should consider your own financial situation, investment objectives and experiences, risk acceptance and ability to understand the nature and risks of the relevant product(s).

If you have any inquiries on the nature and risks involved in this webpage, relevant product(s) and services, trading or investment funds, etc, you should seek advice from independent financial adviser.

The information contained on this webpage is intended for Hong Kong residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available in the country or region you are located or resident in.

This webpage is issued by Welab Bank Limited. The contents of this webpage have not been reviewed by the Securities and Futures Commission in Hong Kong.

In case of any discrepancy between the English and the Chinese versions of this webpage, the English version shall prevail.