Terms and Conditions for the Offer of Free US ETF Share (the “Offer”)

1. The promotion period is from 1 April 2024 to 30 June 2024, both dates inclusive (the "Promotion Period").
2. The Offer is applicable to personal customers of Hang Seng Bank Limited (the “Bank”) who fulfill the criteria stated below (“Eligible Customers”) and with securities accounts under sole-name integrated accounts (excluding Share Margin Accounts, “Eligible Securities Accounts”) maintained with the Bank.
   Eligible Customers are personal customers of the Bank who:
   1. are non-US and non-Canada persons, not a resident of US nor Canada, and not a citizen of Korea with residential or correspondence address in Korea; and
   2. are not customers eligible for SimplyStock offers any time during the Promotion Period.
3. The Offer is provided on a "per-Eligible Customer basis" and each Eligible Customer may only enjoy up to one of the Rewards stated in these Terms and Conditions.
4. Each Eligible Customer who fulfills the below eligibility requirement(s) and conducts designated transaction(s) via the Bank’s online trading channels (including Hang Seng Invest Express mobile app (“Invest Express”) , Hang Seng Personal e-Banking and Hang Seng Personal Mobile App) by using the Eligible Securities Account during the relevant trading period can be entitled to one share of a designated ETF listed in the US for free (the “Reward”).
   1. Eligibility Requirements:
      • Existing Securities Customers: existing personal securities accounts maintained with the Bank by existing securities customers with no US stocks buy/sell trades successfully executed during the period from 1 April 2023 to 31 March 2024 (both days inclusive) at per-customer basis (including all securities accounts under sole-name and/or joint-names) and not applicable to customers who are eligible for the New Securities Customers offers during promotion period 1 April 2024 to 30 June 2024.
   2. Designated Transaction(s)
      • Existing Securities Customers: successfully conduct buy or sell transaction(s) of US stocks (as defined in point 5) via Invest Express by using the Eligible Securities Accounts with accumulated transaction amount of not less than US$10,000 during the US Securities Trading Period. The transaction amount excludes any brokerage fee, custody fee, nominee services fee and any third party transaction charges such as SEC fee, etc.
        Where an Existing Securities Customer has more than one Eligible Securities Accounts: There will be only one US Securities Trading Period for all the Eligible Securities Accounts and it will be determined based on date of the first US stock buy or sell trade during the Promotion Period using an Eligible Securities Account. The transaction amount of US stocks buy or sell trades using all Eligible Securities Accounts of that customer during that US Securities Trading Period will be counted in determining the accumulated transaction amount. If that customer is entitled to a Reward, the Reward will be deposited to the Eligible Securities Account used for the first US stock buy or sell trade during the Promotion Period.
   3. Trading Period: The trading period of the Designated Transaction(s) is not less than 3 calendar months as below:
      • Existing Securities Customers: US Securities Trading Period is from the date of the first US stock buy or sell trade during the Promotion Period using the Eligible Securities Account till the last calendar day of the 3rd month after that date, as stipulated below:

        Account Opening Date	Trading Period
        1 April 2024 – 30 April 2024	First Trade Date – 31 July 2024
        1 May 2024 – 31 May 2024	First Trade Date – 31 August 2024
        1 June 2024 – 30 June 2024	First Trade Date – 30 September 2024

   4. Rewards

      Eligible Customers	Reward^
      Existing Securities Customers	1 share of SPDR Portfolio S&P 500 ETF (“SPLG”) (Reference: market close value US$60.82^^)

      ^To receive the Reward, Eligible customers are required to hold a valid W-8BEN record with the Bank and the Eligible Securities Account must with a valid USD settlement account.
      ^^This is the market closing price as of 8 May 2024 and for reference only.
5. “HK stocks” refer to Hong Kong dollar-denominated stocks listed on The Stock Exchange of Hong Kong Limited. “Stock Connect Securities” refer to A-shares/Exchange Traded Funds (ETFs) listed on the Shanghai Stock Exchange and/or Shenzhen Stock Exchange and eligible for Shanghai-Hong Kong Stock Connect Northbound Trading/Shenzhen-Hong Kong Stock Connect Northbound Trading. “US stocks” refer to Common Stocks (excluding warrants), Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) traded on New York Stock Exchange (NYSE), Nasdaq Global Market (NASDAQ), NYSE Amex Equities Market (AMEX) and NYSE ARCA. Designated Transaction exclude locally traded overseas stocks, any listed securities settled by non-Hong Kong dollar (except Stock Connect Securities and US stocks), i-Shares, Exchange Fund Notes, Hong Kong International Airport retail bonds, Government of HKSAR retail bonds / iBonds/Silver Bonds/Government Green Bonds, buy/sell transactions of Hang Seng Monthly Investment Plans for Stocks and shares subscriptions of Initial Public Offering (IPO).
6. Regarding Eligible Customers who are entitled to Rewards, the Bank will place orders to buy the Rewards in the secondary market (relevant US stock exchange(s)) in the names of such Eligible Customers and will deposit the Rewards to their Eligible Securities Accounts on or before 31 December 2024. The Reward so deposited will be shown as a buy trade in the Securities Account monthly statement. The Eligible Customer has to maintain the relevant Eligible Securities Account, relevant USD settlement account and valid W-8BEN record with the Bank when the Reward is deposited, otherwise such Reward will be forfeited.
7. Eligible Securities Customers do not have to pay for any securities transaction fee involved for this “buy trade” of the Reward, including brokerage fees, nominee services fee and any third party transaction charges such as SEC fee etc (collectively “Securities Transaction Fees”). If Eligible Customers do not have other stock holdings except the Reward in the relevant Eligible Securities Account, which with the Reward credited, during the period from December 2024 to November 2025, the custody fee for the same period will be waived.
8. The Offer and the provision of the Reward to the Eligible Customers do not represent, and should not be construed as, any investment advice from the Bank and the Bank has not taken into consideration the individual circumstances of any customers. Investment involves risks. There can be no guarantee, and no representation is made, on the performance of the Reward or as to whether losses would be incurred/profit would be made from the Reward. Customers must make their investment decisions in light of their own investment objectives, investment experience, financial situation or other needs etc, and (where necessary) should consult their own professional advisers before making any investment decisions.
9. Please note that in respect of the Rewards deposited into the Eligible Securities Accounts of the Eligible Customers, Eligible Customers are still subject to the fees and charges applicable to securities accounts, including custody fee (charged on a per account basis starting from December 2025 for Eligible Securities Accounts with no securities holding other than the Rewards during the period from December 2024 to November 2025) in respect of their securities holding and the relevant Securities Transaction Fees, transfer fee and/or capital gain tax etc when they sell, transfer or otherwise dispose of the Rewards in the future. For the details of our securities account fees and charges, please refer to Hang Seng Bank website > Investments > Securities > Securities Services Charges.
10. Completion time of the criteria set out in point 4 above are subject to the Bank's record. The Bank will determine the eligibility of the customers to enjoy the Rewards based on the record held by the Bank. In case of any disputes, the Bank’s record shall be final and conclusive.
11. In case of any reason the Bank is unable to provide the Rewards, the Bank reserves the right to substitute the Rewards with other gifts/stocks in approximately same value at any time without prior notice. The value or nature of the substitute gift/stocks may differ from the Rewards specified in these Terms and Conditions.
12. Unless otherwise specified, the Offer is not applicable to Wholesale Banking customers of the Bank, Private Banking customers of the Bank, staff of the Bank and any party who enjoys special privileges and offers.
13. No person other than the customer 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 provision of these Terms and Conditions.
14. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
15. These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
16. For more details of the Offer, please contact the Bank’s staff. The Offer is provided by the Bank. The Bank 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 parties concerned.
17. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.