Terms and Conditions of the 0% Fund Subscription Fee Offer for New Investment Fund Account Opening (the “Offer”)

Terms and Conditions of the 0% Fund Subscription Fee Offer for New Investment Fund Account Opening (the “Offer”):

The promotion period is from 1 October 2025 to 31 December 2025, both dates inclusive (the "Promotion Period").
The Offer is only applicable to personal customers ("Eligible Customers") of Hang Seng Bank Limited (the "Bank") who have never opened an Investment Fund Account (Account suffix 382) on or before 30 September 2025 and have fulfilled the following requirement(s) via the relevant account(s) (the "Relevant Account(s)") below:
- Being Prestige Private or Prestige Banking customers who have newly opened an Investment Fund Account and performed the task(s) set out in Paragraph 3 and/or 4 below during the Promotion Period via their Integrated Account and/or Family+ Account; or
- Being Preferred Banking or other customers who have newly opened an Investment Fund Account and performed the task(s) set out in Paragraph 3 below during the Promotion Period via their Integrated Account.

Integrated Account: Eligible Customers who have successfully opened an Investment Fund Account during the Promotion Period via their Integrated Account and made fund subscription(s) on the first fund subscription day within 30 calendar days upon the Investment Fund Account opening day (the “First Fund Subscription Day”) with the Investment Fund Account via the designated channels (“Designated Channels”) below, can enjoy the following offer(s):

Prestige Private customers:
1. will be entitled to the 0% fund subscription fee offer for their first accumulated HKD500,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels; or
2. will enjoy the 0% fund subscription fee offer for their first accumulated HKD600,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels provided that they have used “Wealth Master^# at a branch or via their Hang Seng Mobile App during the Designated Period; or
3. will enjoy the 0% fund subscription fee offer for their first accumulated HKD700,000 (or its equivalent) subscription amount upon subscription for two or more funds^{^} through any channels provided that they have used “Wealth Master”^# at a branch or via their Hang Seng Mobile App during the Designated Period.
Prestige customers:
1. will be entitled to the 0% fund subscription fee offer for their first accumulated HKD200,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels; or
2. will enjoy the 0% fund subscription fee offer for their first accumulated HKD300,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels provided that they have used “Wealth Master”^# at a branch or via their Hang Seng Mobile App during the Designated Period; or
3. will enjoy the 0% fund subscription fee offer for their first accumulated HKD400,000 (or its equivalent) subscription amount upon subscription for two or more funds^{^} through any channels provided that they have used “Wealth Master”^# at a branch or via their Hang Seng Mobile App during the Designated Period.
Preferred Banking and other customers:
1. will be entitled to the 0% fund subscription fee offer for their first accumulated HKD100,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through Hang Seng Personal e-Banking or the Hang Seng Mobile App; or
2. will enjoy the 0% fund subscription fee offer for their first accumulated HKD200,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through Hang Seng Personal e-Banking or the Hang Seng Mobile App provided that they have used “Wealth Master”^# via their Hang Seng Mobile App during the Designated Period; or
3. will enjoy the 0% fund subscription fee offer for their first accumulated HKD300,000 (or its equivalent) subscription amount upon subscription for two or more funds^{^} through Hang Seng Personal e-Banking or the Hang Seng Mobile App provided that they have used “Wealth Master”^# via their Hang Seng Mobile App during the Designated Period.

Integrated Account Eligible Customers	Subscription Channels	First Accumulated Subscription Amount
Integrated Account Eligible Customers	Subscription Channels	i. Single Fund Subscription(s)^{^}	ii. Single Fund Subscription(s)^ and Use of “Wealth Master” ^#	iii. Subscription for two or more funds^ and Use of “Wealth Master”^#
Prestige Private customers	Any channels	HKD500,000	HKD600,000	HKD700,000
Prestige customers	Any channels	HKD200,000	HKD300,000	HKD400,000
Preferred Banking / other customers	Any channels	HKD100,000	HKD200,000	HKD300,000

Family+ Account: Eligible Customers who have successfully opened an Investment Fund Account during the Promotion Period via their Family+ Account and made fund subscription(s) on the first fund subscription day within 30 calendar days upon the Investment Fund Account opening day (the “First Fund Subscription Day”) with the Investment Fund Account via the designated channels (“Designated Channels”) below, can enjoy the following offer(s):

Prestige Private customers
1. will be entitled to the 0% fund subscription fee offer for their first accumulated HKD500,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels; or
2. will enjoy the 0% fund subscription fee offer for their first accumulated HKD600,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels provided that they have used “Wealth Master” ^# at a branch or via their Hang Seng Mobile App and completed “Strategic Financial Planning Goal Setting”^# via the Strategic Financial Planning Tool at a branch during the Designated Period; or
3. will enjoy the 0% fund subscription fee offer for their first accumulated HKD700,000 (or its equivalent) subscription amount upon subscription for two or more funds^{^} made through any channels provided that they have used “Wealth Master” ^#at a branch or via their Hang Seng Mobile App and completed “Strategic Financial Planning Goal Setting” ^# via the Strategic Financial Planning Tool at a branch during the Designated Period.
Prestige customers
1. will be entitled to the 0% fund subscription fee offer for their first accumulated HKD200,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels; or
2. will enjoy the 0% fund subscription fee offer for their first accumulated HKD300,000 (or its equivalent) subscription amount for single fund subscription(s)^{^} made through any channels provided that they have used “Wealth Master” ^# at a branch or via their Hang Seng Mobile App and completed “Strategic Financial Planning Goal Setting”^# via the Strategic Financial Planning Tool at a branch during the Designated Period; or
3. will enjoy the 0% fund subscription fee offer for their first accumulated HKD400,000 (or its equivalent) subscription amount upon subscription for two or more funds^{^} made through any channels provided that they have used “Wealth Master” ^#at a branch or via their Hang Seng Mobile App and completed “Strategic Financial Planning Goal Setting” ^# via the Strategic Financial Planning Tool at a branch during the Designated Period.

Family+ Account Eligible Customers	Subscription Channels	First Accumulated Subscription Amount
Family+ Account Eligible Customers	Subscription Channels	i. Single Fund Subscription(s)^{^}	ii. Single Fund Subscription(s)^, Use of “Wealth Master” ^# and Completion of “Strategic Financial Goal Setting” ^# at a branch	iii. Subscription for two or more funds, Use of “Wealth Master” ^# and Completion of “Strategic Financial Goal Setting” ^# at a branch
Prestige Private customers	Any channels	HKD500,000	HKD600,000	HKD700,000
Prestige customers	Any channels	HKD200,000	HKD300,000	HKD400,000

# The use of “Wealth Master” requires customer to either login to “Wealth Master” via Hang Seng Mobile App or analyse and generate a report on the investment portfolio in “Wealth Master” at a branch. Completion of the “Strategic Financial Planning Goal Setting” refers to the creation of financial goal(s) (e.g. Retirement, Managing Wealth, etc.) via the Strategic Financial Planning Tool with the Bank’s Relationship Manager at branch. ”Designated Period” is between 1 October 2025 and 31 January 2026.

^ “Single fund subscription(s)” refers to subscription for a single fund, including subscription(s) for different share classes under the same fund (such as different currency classes, accumulation units, income units, etc.); “subscription of two or more funds” refers to subscription for two or more funds where the additional fund(s) subscribed is/ are different fund(s) from the first fund being subscribed, which excludes subscription for different share classes under the same fund (such as different currency classes, accumulation units, income units, etc.). For example, customer A, who subscribed for Hang Seng Index Fund Class A (HKD Income Unit) and Hang Seng Index Class A (AUD Hedged Accumulation Unit), will be classified as a “single fund subscription”; whereas the case for customer B, who subscribed for Hang Seng Index Class A (HKD Income Unit) and Hang Seng China Index Fund Class A (HKD Accumulation Unit), will be classified as a “subscription for two funds”.

The Offer is only applicable to the designated first accumulated subscription amount (or its equivalent) for subscriptions on the First Fund Subscription Day. If the fund subscription amount exceeds the above designated accumulated subscription amount, the amount in excess will not be eligible for the 0% subscription fee offer. Any subscription application which is cancelled or cannot be successfully processed will not be counted.
Each Eligible Prestige Private and Prestige Banking Customer can at most enjoy the Offer once for their respective Integrated Account and Family+ Account, i.e. 2 times in total. Each Eligible Preferred Banking and other customer can at most enjoy the Offer once only for their Integrated Account. In case the Relevant Account is a joint-named account, only the primary account holder can enjoy the Offer, the fund subscription fee waived amount will be credited to the account of the primary account holder.
Eligible Customers are required to pay the fund subscription fee upfront for their fund subscriptions made during the Promotion Period. The fund subscription fee waived amount will be credited into the relevant Hong Kong Dollar settlement account of each Eligible Customer on or before 31 March 2026.
If the subscribed fund is denominated in a currency other than Hong Kong Dollar (the “HKD”), the Bank will convert the relevant fund subscription amount into HKD based on the exchange rate determined by the Bank on the last dealing day of December 2025, in order to calculate the waived fund subscription amount. In such circumstances, the waived fund subscription fee amount entitled by the Eligible Customer will not be calculated based on the actual non-HKD fund subscription fee paid by the Eligible Customer.
The relevant HKD settlement account together with the respective linked Integrated Account / Family+ Account and the Investment Fund Account of the Eligible Customer must remain valid when the fund subscription fee waived amount is credited, or the Eligible Customer will be disqualified from enjoying the Offer.
Fund subscription applications which are received after the cut-off time of the relevant funds on 31 December 2025 will not be considered as eligible subscription applications. Such subscription applications will be processed on the next dealing day. Please note that different cut-off times may apply to the subscription applications for different funds and / or the same fund through different channels. Customers are advised to contact our staff beforehand to enquire about the cut-off time for the relevant subscription application.
The Offer does not apply to fund subscriptions made pursuant to any Hang Seng Monthly Investment Plan for Funds, or through any SimplyFund account (under the account number suffix of 384), fund units with no subscription fees, money market funds, or other funds/ fund transactions as specified by the Bank from time to time.
The first accumulated subscription amount include fund units with no subscription fees and money market funds.
The Offer cannot be used in conjunction with other Fund Subscription Fee offers, whichever is higher, will be rewarded.
The Offer is not applicable to Commercial Banking and Private Banking Account customers. The offer cannot be used in conjunction with other offers for the same product(s) or service(s) of the Bank.
No person other than the Eligible Customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these terms and conditions.
These terms and conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
These terms and conditions are subject to prevailing regulatory requirements.
For more details of the Offer, please contact the Bank’s staff. The Offer is provided by the Bank, which reserves the right to suspend, vary or terminate the Offer and to amend these Terms and Conditions at any time without prior notice. The Bank also reserves the right of final decision on all matters relating to the Offer, which shall be binding on all the parties concerned.
In case of any discrepancy between the English and the Chinese versions of these terms and conditions, the English version shall prevail.

Risk Disclosure of Investment Funds

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read carefully and understand the relevant offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment.