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Note: This webpage / document is for information only and does not constitute any investment advice. Investment involves risks, please refer to the Disclaimers herein for details.

[1] The Offer is effective from 30 June 2022 to 30 September 2022 (both dates inclusive) (“Offer Period”).

[2] The Offer is applicable to existing and new customers who hold or have opened (as the case may be) a valid Core Account and an Investment Account with Welab Bank Limited (“WeLab Bank”, “we”, “us” or “our”) within the Offer Period (“you”, “your” or “Eligible Customers”). To be a new customer means you have not terminated and/or closed neither your WeLab Bank Core Account nor Investment Account in the twelve (12) months prior to the commencement of the Offer Period.

[3] To be entitled to the cash rebate set out in Clause 4 below (“Subscription Rebate”), Eligible Customers should successfully subscribe for mutual fund(s) with a minimum subscription fee of 1.5% through our Wealth Management Services during the Offer Period (“Eligible Transaction”) Transaction time will be based on Hong Kong Time (HKT).

[4] Subject to Clause 5 below, the amount of the Subscription Rebate entitled to you depends on the accumulated investment amount of your Eligible Transaction (“Accumulated Investment Amount”) according to the following table:



[5] If you redeem any mutual fund position of your Eligible Transaction(s) before the Subscription Rebate is credited into your Core Account, the redemption amount (after converted into HKD on the transaction date based on the relevant prevailing foreign exchange rate determined by the Bank and rounded to the nearest cent) will be deducted from the Accumulated Investment Amount and you will not receive any Subscription Rebate for the deducted portion of Accumulated Investment Amount.

[6] The Accumulated Subscription Amount will then be calculated and rounded to the nearest integer.

[7] The cash rebate amount will be rounded to the nearest cent.

[8] Subscription Rebate is not a fee waiver, your Eligible Transaction will be charged with the subscription fee applicable to the transaction.

[9] The dates and amounts appearing in our record will be conclusive as to (i) the date on which the Core Account and/or Investment Account was opened, terminated or converted, (ii) the subscription amounts, (iii) the number of the transactions carried out and (iv) the dates on which the transactions are carried out.

[10] Cash rebate will be credited to your WeLab Bank Core Account within 30 days after the end of Offer Period unless otherwise specified. Your WeLab Bank Core Account and Investment Account status must remain valid and normal at the time when the Offer is rewarded or delivered to you. Otherwise, the reward will be forfeited absolutely.

[11] This Offer is not applicable to the staff members of Welab Bank Limited, Welend Limited and Welab Holdings Limited.

[12] All cash rebate amount cannot be transferred, returned, exchanged, or converted into other forms, unless otherwise specified by us.

[13] Any breach of applicable laws or regulations, fraud, abuse and/or non-compliance by you (as determined at our sole discretion) will result in forfeiture of your eligibility to participate in this Offer and/or suspension or termination of all or any of your Account with us. We shall not credit the cash rebate amount or where the cash rebate amount has been credited, we reserve the right to debit the cash rebate amount from your Account (including but not limited to your Core Account) without notice and/or take such necessary legal action to recover any outstanding amounts.

[14] We reserve the right to suspend, modify or terminate this Offer and/or amend these terms and conditions at any time without prior notice. In the event of dispute, our decision shall be final, conclusive and binding.

[15] This Offer cannot be used in conjunction with other special promotions, discounts or promotional coupons unless otherwise specified.

[16] These terms and conditions shall be read in connection with our Account Terms and Wealth Management Services Terms. Terms defined in our Account Terms or Wealth Management Services Terms shall have the same meanings when used herein, unless otherwise defined. In the event of inconsistency between these terms and conditions, the Account Terms and the Wealth Management Services Terms, the prevailing order shall be as follows:

(i) these terms and conditions;

(ii) the Wealth Management Services Terms; and

(iii) the Account Terms.

[17] In the event of any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.

Effective Date: [30 June 2022]

Disclaimer

This webpage/document does not constitute any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any investment products or services.

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/document, relevant product(s) and services, trading or investment funds, etc, you should seek advice from independent financial adviser.

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