• FamilyPower Multi-Currency Life Insurance Plan 2 (“the Plan”) is a life insurance plan and is not equivalent or similar to any kind of bank deposit. It is underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”). The above advertisement is provided by Hang Seng Bank and is a product summary of information for reference only. The Plan is intended only for sale in the Hong Kong SAR. It shall not be construed as an offer to sell or solicitation of an offer or recommendation to purchase or sale or provision of any products of Hang Seng Insurance. Please refer to the promotion leaflets/flyers and contracts for the important information such as detailed coverage, exact Terms and Conditions and exclusions of the Plan. Please refer to the product brochure for the relevant product risks. The policyholder is subject to the credit risk of “Hang Seng Insurance”. If the policyholder discontinues and/or surrenders this policy in early policy years, the amount of benefits you will get back may be considerably less than the total premiums you have paid. All details regarding policy surrender should be referred to the relevant policy provisions. Hang Seng Insurance is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank is an insurance agent authorised by Hang Seng Insurance and the insurance products are the products of Hang Seng Insurance but not Hang Seng Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance and you directly. If you surrender the Policy after the expiry of the cooling-off period, the surrender proceeds to be received may be significantly less than the Total Premiums Paid. Please refer to the illustration summary of this Plan for the projected surrender values.

• According to a survey conducted by Cimigo Limited between 19th November 2025 and 9th December 2025, among the 24 licensed banks incorporated in Hong Kong (excluding digital banks) with reference to the list of licensed banks incorporated in Hong Kong published on the official website of the Hong Kong Monetary Authority, Hang Seng Bank limited offered the No.1 investment product categories among local retail banks.

1. Eligible Customers who newly open or upgrade to Prestige Banking can enjoy first 6-month grace period for fund-in without below balance monthly fee. After the first 6-month grace period, the standard monthly fee for Prestige Banking will be applied if the Total Relationship Balance of the previous month is below HKD1,000,000. If the Total Relationship Balance of previous month is below HKD1,000,000 or HKD500,000, monthly fee for Prestige Banking of HKD40 or HKD340 will be applied respectively. For details of the monthly fee, please check with the Bank’s staff.
2. The promotion period of "Total Relationship Balance" reward is from 1 January 2026 to 31 March 2026. The offers are only applicable to customers who meet the account opening requirements and have newly opened or upgraded to Integrated Account of Prestige Banking ("Prestige Banking") at the Bank branches or through digital channels or phone banking hotline during the Promotion Period (the "Eligible Customers"). Eligible Customers can enjoy the respective cash reward if they bring in designated “Total Relationship Balance” Growth amount and use FPS/Payment Connect to transfer funds to the account in any amount on / before the last day of the first month after the month of account opening / upgrade and maintain the “Total Relationship Balance” Growth amount for the second, the third and the fourth months after the month of account opening / upgrade month. Eligible Customers must register for Hang Seng Personal e-Banking on or before 30 April 2026 and maintain valid e-Banking account before receiving relevant rebate, and complete "Risk Profiling Questionnaire" or whose "Risk Profiling Questionnaire" record is valid as of 30 April 2026. Terms and Conditions apply. Please refer to the enclosed Terms and Conditions for details.
3. The Total Relationship Balance is the monthly aggregate balance of the daily average of all deposits, gold accounts, securities, investment funds, utilized overdraft facilities, credit card cash advances, outstanding balance of personal loans and the accumulated premiums paid for the designated life insurance plans distributed by the Bank as an agent as well as Hang Seng MPF balance. For sole-named Integrated Account holders, their other joint-named account(s) will also be included.
4. Investment Account includes Securities Account (Account suffix 085) and Investment Fund Account (Account suffix 382) only under the Integrated Account. Eligible Customers must have activated / be holding Investment Accounts on or before 30 April 2026 and the Investment Accounts remain valid until 30 September 2026 in order to enjoy the relevant cash reward.
5. Only applicable to Prestige Banking customers successfully opened Family+ account during the Promotion Period, excluding (i) customers who are holding sole-named or joint-named Family+ account, or (ii) customers who have previously held sole-named or joint-named Family+ account in the past 12 months prior to the month of Family+ account opening.
6. The promotion period is from 1 January 2026 to 31 March 2026, both dates inclusive. Eligible customers who newly successfully opened or upgraded to Prestige Banking through Hang Seng Personal Banking mobile app (Not applicable to Prestige Banking accounts opened via the Branch Assistant Mode with the Hang Seng Personal Banking mobile app)/Hang Seng Personal e-Banking within and fulfill the requirements of the Prestige "Total Relationship Balance" Reward can enjoy HKD300 cash reward (“Mobile Account Opening / Upgrade Reward “) and Hong Kong Kerry Hotel Afternoon Tea Set for 2 (valued at HKD668) (“Limited-time Extra Reward”).
7. The offer of Free Shares Reward is provided by Hang Seng Bank. (the “Bank”) However, please note that Tracker Fund (stock code: 2800) (the “ETF”) is managed by Hang Seng Investment Management Limited (which is a wholly-owned subsidiary of the Bank), the ETF’s Index Provider, one or more of the Participating Dealers and/or market makers currently also include members of the HSBC Group. Please refer to the prospectus documents of the ETF for details of the conflicts of interest in respect of the ETF that may arise (and the relevant product details including the risk disclosures). This promotion and the offer of Free Shares Reward 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 Free Shares or as to whether losses would be incurred/profit would be made from the Free Shares. 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. Also, please note the relevant risks related to trading of odd lots.
8. "Eligible New Fund Balance" refers to the incremental balance when comparing the latest deposit balance with the balance of the same currency as of 15 calendar days ago, after deduction of the sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 15 calendar days (including the date of time deposit placement). The balance of all accounts, including Savings Accounts, Current Accounts and Time Deposits of Hong Kong Dollar and foreign currencies (whether accounts in sole name or joint name), will be counted towards the calculation of "Eligible New Fund Balance". The Bank reserves the right of final decision should there be any dispute in the definition of "Eligible New Fund Balance". Foreign exchange involves exchange rate risk. Terms and Conditions apply. For details, please visit hangseng.com/depositspromo5.
9. The promotion period is from 1 January 2026 to 31 March 2026, both dates inclusive. During the first 2 calendar months upon account opening or upgrade, Eligible Customers who successfully set up 3-month USD/CNY/AUD/CAD/GBP/NZD time deposit(s) via Hang Seng Online Banking with “Eligible New Fund Balance” and reach the specified accumulative time deposit amount will be entitled to up to HKD800 Cash reward. Foreign exchange involves exchange rate risk. Terms and conditions apply.
10. The promotion period of FamilyPower Multi-Currency Life Insurance Plan 2 is from 1 January 2026 to 31 March 2026, both dates inclusive. Terms and Conditions apply. For detail, please visit hangseng.com/lifeinsurance . Please note relevant product, credit risks and early surrender loss. For details, please contact our branch staff or visit hangseng.com/familypower. This plan is underwritten by Hang Seng Insurance Company Limited.
11. Starting from the 3rd Policy Anniversary or after the Payment Cessation Date (whichever is later), you can split your Policy into up to 3 policies at any time. In respect of any application for exercising the Policy Split Option, Hang Seng Insurance Company Limited shall have the absolute right and discretion to approve or reject the application.
12. Starting from the 3rd Policy Anniversary or after the Payment Cessation Date (whichever is later), you have the flexibility to convert your Policy Currency¹⁶ to a different available currency, whenever you wish and up to a maximum of 3 times per Policy Year. In respect of any application for exercising the Currency Switch Option, Hang Seng Insurance Company Limited shall have the absolute right and discretion to approve or reject the application.
13. You can set up instruction to withdraw cash value from your Policy every month or every year starting from the 5th Policy Anniversary or after the Payment Cessation Date (whichever is later) and to designate one Regular Withdrawal Recipient, who can be yourself or your loved one, to receive such withdrawal payments. In respect of any application for exercising the Regular Withdrawal Option, Hang Seng Insurance Company Limited shall have the absolute right and discretion to approve or reject the application.
14. While the Policy is in force and before the 5th Policy Anniversary, Family Accident Benefit equals to the applicable percentage of Total Premiums Paid of the Basic Plan up to the Date of Designated Event Due to Accident (less any Indebtedness) will be paid as a result of the Covered Person suffering from the following designated event due to Accident: (i) Accidental Death; (ii) Total Permanent Disablement; or (iii) Continuous Hospitalization for 25 Days or above. This Supplementary Benefit is only payable once per policy and is subject to a maximum amount per life of the Covered Person. In respect of any application for exercising the Family Accident Benefit, Hang Seng Insurance Company Limited shall have the absolute right and discretion to approve or reject the application.
15. Promotion Period last from 4 February 2026 until 31 March 2026 (Both dates inclusive) (“Promotion Period”) . During the Promotion Period, each Eligible Policyholder is entitled to the respective designated amount of shopping coupon or gift (including: a piece of God of Wealth & Gallant Horse 999.9 Pure Gold Medal Ruyi Knot (1.8gram) or a piece of God of Wealth & Gallant Horse 999.9 Pure Gold Medal (6.1gram)), and the Gold Horse Ornament, once the total premiums ((before applying relevant Premium Discount (if any)) of the Eligible Policy(ies) has reached the designated requirement. The above offers are subject to terms and conditions, for details, please visit hangseng.com/lifeinsurance.
16. If you enroll the Plan in foreign currency, all premium payable and policy benefits of the Plan will be recorded in the corresponding foreign currency. Since the two-way exchange of foreign currency and Hong Kong dollar bears the risk of exchange rate fluctuation, you should consider exchange rate risk before making the decision to enroll in the Plan. If you pay the premium or receive policy benefits in Hong Kong dollars, Hang Seng Insurance will convert the relevant amount from Hong Kong dollars to the corresponding foreign currency or from the corresponding foreign currency to Hong Kong dollars at the market-based prevailing exchange rate on the date your premium is processed or your policy benefits are settled. The exchange rate applicable at the relevant time is determined by Hang Seng Insurance Company Limited and would be varied from time to time. The foreign currency exchange rate can go up or down. If you pay the premium in Hong Kong dollars, when the corresponding foreign currency appreciates against the Hong Kong dollars, the annual premium payable in Hong Kong dollars at the subsequent Policy Years would be higher than initial annual premium. If you settle the policy benefits in Hong Kong dollars and the corresponding foreign currency depreciates against the Hong Kong dollars when your policy benefits are settled in Hong Kong dollars, you could lose a substantial portion of your policy benefit value in Hong Kong dollars.
17. Eligible payroll customers who successfully apply for a private residential mortgage loan during 1 January 2026 to 31 March 2026 and draw down the mortgage loan (loan amount must be HKD 3,000,000 or above) on or before 30 September 2026 and also maintain a valid payroll record on 31 December 2026 will be entitled to additional cash rebate. Terms and conditions apply, please visit hangseng.com/usage9 for details. To borrow or not to borrow? Borrow only if you can repay!
18. The promotion period is from 2 January 2026 to 31 December 2026. The offer is applicable to new or existing Prestige Private /Prestige Banking customers. Terms and conditions apply to the offer. Investment involves risks. Please contact our branch staff or visit hangseng.com/invpromotion for details.
19. The promotion period is from 1 January 2026 to 31 March 2026. 0% Fund Subscription Fee offer is only applicable to Prestige Private, Prestige Banking, Preferred Banking and Integrated Account customers who newly opened an Investment Fund Account (under the account number suffix of 382) during the Promotion Period. The Fund Unit offer is applicable to the first 3,000 New Investment Funds Account (Account suffix 382) of Prestige Private and/or Prestige Banking customers, successfully open Investment Funds Account during the Promotion Period whilst holding a valid Risk Profiling Questionnaire record with risk tolerance level between 1 and 5. Investment involves risks. Please visit hangseng.com/fundoffer for details.
20. The promotion period is from 1 January 2026 to 31 December 2026. Terms and conditions apply to the offer. Investment involves risks. For details, please contact our branch staff or visit hangseng.com/invfund.
21. The promotion period is from 1 January 2026 to 31 March 2026. For details, please visit hangseng.com/stockoffer. “New Securities Customers” (including all the account holders of the New Securities Account) means customers who must not hold any securities account (personal/ joint) with the Bank within a period of 6 months preceding the account opening date. Investment involves risks. Terms and Conditions apply.
22. The promotion period is from 1 January 2026 to 31 March 2026. For details, please visit hangseng.com/stockoffer. Investment involves risks. Terms and Conditions apply to the offers.
23. The promotion period is from 1 January 2026 to 31 March 2026. Terms and Conditions apply. Please note relevant product, credit risks and early surrender loss. For details, please visit hangseng.com/ins-discount. This plan is underwritten by Hang Seng Insurance Company Limited.
24. The promotion period is from 1 January 2026 to 31 March 2026. Terms and conditions apply to promotion offer and insurance plan. Please note the relevant product risks. The above general insurance plan is underwritten by Chubb Insurance Hong Kong Limited. Please call our hotline at (852) 2998 9888 for the details. For the Terms and Conditions of the promotion offer, please visit hangseng.com/gi2.
25. The promotion period is from 2 January 2026 to 31 March 2026. For exchange of designated currencies and set up of 1-week / 1-month time deposit at the same time with designated transaction amount. The above interest rate offers are quoted with reference to the interest rates offered by the Bank on 2 January 2026 and are for reference only. The relevant interest rates will be subject to revision based on the prevailing market conditions. Terms and conditions apply. Visit hangseng.com/forexoffer for more details.
26. Promotion period of the offer is now till 31 Mar 2026. Terms and conditions apply, please visit hangseng.com/mcy_debit for details.
27. a) $0 fees on foreign currency transaction and cash withdrawal from Hang Seng and HSBC Group ATM networks.
    b) Prestige Banking customers when withdrawing cash overseas from non-HSBC Group ATM networks, local banks may charge an additional fee. When withdrawing cash locally from non-HSBC Group ATM networks, there is a charge of HK$20 each time.
28. If you are aged 12 or above and have a HKID or passport, you can get a supplementary debit card even if you don't have a Hang Seng account. The primary cardholder needs to submit the request for family or friends via Hang Seng Mobile App.
29. Terms and conditions apply. For details, please visit to Hang Seng Bank Website hangseng.com/psewmc .
30. For a full list of Mobile Account Opening eligibility requirements, please visit Hang Seng Bank Website > Banking > Account Opening > Mobile Account Opening > FAQs.
31. The promotion period of “Foreign Currency Time Deposit Interest Rate Flash Offer” is from 2 January 2026 to 22 February 2026. For exchange of GBP and set up of 1-week time deposit at the same time with designated transaction amount. The above interest rate offers are quoted with reference to the interest rates offered by the Bank on 2 January 2026 and are for reference only. The relevant interest rates will be subject to revision based on the prevailing market conditions. Terms and conditions apply. Visit hangseng.com/forexoffer for more details.
32. The Promotion period of “Foreign Exchange, Investment and Insurance Welcome Offer” is from 1 January 2026 to 31 March 2026. Terms and conditions apply. For more details, please contact our staff or visit hangseng.com/fxoffer.
33. This annualised guaranteed rate of return is subject to payment mode, policy currency and premium discount.

34. The offer is for new payroll customers who have their first payroll recorded between 1 January 2026 and 31 March 2026. Eligible payroll customers must successfully apply for a Hang Seng Travel+ Visa Signature Card, Hang Seng MMPOWER World Mastercard® or Hang Seng Prestige World Mastercard® and obtain approval between the date of the first payroll record and the end of the subsequent calendar month. Upon meeting the spending requirements for the welcome offer, eligible customers will receive an extra $100 +FUN dollars on top of the welcome offer of up to $700 +FUN dollars. Terms and conditions apply, please visit hangseng.com/cardc1 for details. To borrow or not to borrow? Borrow only if you can repay!
35. The promotion period is from 22 December 2025 to 28 February 2026. Eligible customers should hold a payroll record of not less than HKD5,000 each in any 2 months from March 2026 to May 2026, and the payroll record should be held in a Hang Seng Integrated Account. To borrow or not to borrow? Borrow only if you can repay! Terms and conditions apply, please visit hangseng.com/hcpil for details.
36. The promotion period is from 1 January 2026 to 31 March 2026. Terms and conditions apply to the promotion offer and insurance plan. Please note the relevant product risks. The above general insurance plan is underwritten by Chubb Insurance Hong Kong Limited. Please call our hotline at (852) 2998 9888 for the details and obtaining dedicated promotion code. For the terms and conditions of the promotion offer, please visit hangseng.com/gi4.
37. The promotion period is from 2 January 2026 to 31 March 2026. For Eligible Customers with Investment Fund, Secondary Market Bond and/or Structured Product subscription and Eligible New Fund Balance of designated amount during designated period. Structured Products includes Structured Notes and Equity-linked Investments (ELI), but excludes Capital Protected Investment Deposit (CPI) and MaxiInterest Investment Deposit (MXI). The interest rate is for reference only. Investment and foreign exchange involve risks. Terms and conditions apply. For details, please visit hangseng.com/invpromotion.
38. The promotion period is from 2 January 2026 to 31 March 2026. For Eligible Customers with Designated ETF and/or US stock transactions and Eligible Incremental Balance of designated amount during designated period. The interest rate is for reference only. Investment and foreign exchange involve risks. Terms and conditions apply. For details, please visit hangseng.com/stockoffer.
39. The promotion period is from 1 January 2026 to 31 December 2026. The offer is applicable to Prestige Private Banking / Prestige Banking customers. Terms and conditions apply. Investment involves risks. For details, please contact our branch staff or visit hangseng.com/invpromotion.
40. The promotion period is from 1 January 2026 to 31 March 2026. The offer is subject to the terms and conditions of the "Gold Horse Ornament". For details, please visit hangseng.com/life-protect.
41. The promotion period is from 1 January 2026 to 27 February 2026. The offer is applicable to Prestige Private Banking / Prestige Banking customers. Terms and conditions apply. Investment involves risks. For details, please contact our branch staff or visit hangseng.com/invpromotion.
42. The promotion period is from 2 January 2026 to 31 March 2026, for new eligible payroll customers who register for the offer via the Hang Seng Mobile App. Terms and conditions apply, please visit hangseng.com/usage13 for details.
43. From 1 January 2026 till 31 March 2026, eligible payroll customers with securities account who conduct the following transactions through our online trading channels can enjoy $0 brokerage fee offer: (a) buy HK ETFs via using the securities accounts under the Integrated Accounts (sole/joint-named) of the Bank; and (b) buy US stocks via using the securities accounts under the sole-named Integrated Accounts of the Bank. “Online trading channels” include Hang Seng Personal e-Banking, Hang Seng Personal Banking mobile app and Hang Seng Invest Express mobile app (US stocks trading can only be conducted via Hang Seng Invest Express). “HK ETFs” refer to all ETFs listed and traded on The Stock Exchange of Hong Kong Limited (“SEHK”). “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. Investment involves risks. Services and offers are subject to terms and conditions. Please visit hangseng.com/stockoffer for details.

Important Notes

Risk Profiling Questionnaire:

The Risk Profiling Questionnaire is provided by the Bank and is intended to help the customer understand his/her risk profile and investment needs. The Bank makes no guarantee, representation or warranty and accepts no responsibility or liability as to the accuracy or completeness of the information or recommendation given. The suggestions are derived from information that the customer has provided to the Bank. The suggestions are designed to meet the needs discussed in this test and are in line with the customer’s attitude towards risk. The suggestions are for the customer’s consideration when making his/her own investment decisions. The suggestions are not an offer to sell or a solicitation to buy any financial products and the suggestions should not be considered as investment advice.

Life Insurance Plans:

The above information is intended as a general summary of information for reference only. Please refer to the promotion leaflets/flyers and contracts for the important information such as detailed coverage, exact Terms and Conditions and exclusions of the relevant Life Insurance Plans. Please refer to the product brochures for the relevant product risks. The above Life Insurance Plans are underwritten by Hang Seng Insurance Company Limited. Hang Seng Insurance Company Limited is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank Limited ("Hang Seng Bank") is an insurance agent authoriszed by Hang Seng Insurance Company Limited and the insurance products are products of Hang Seng Insurance Company Limited but not Hang Seng Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance Company Limited and you directly.

Note: The benefits and/or returns mentioned throughout this material are not guaranteed and for illustrative purpose only. The actual future amounts of benefits and/or returns may be lower than or higher than the currently quoted benefits and/or returns. The policyholder is subject to the credit risk of "Hang Seng Insurance". If the policyholder discontinues and/or surrenders this policy in early policy years, the amount of benefits he/she will get back may be considerably less than the total premiums he/she has paid. All details regarding policy surrender should be referred to the relevant policy provisions.

General Insurance Plans:

The above general insurance plan ("this Plan") is underwritten by Chubb Insurance Hong Kong Limited ("Chubb") which is authorised and regulated in Hong Kong SAR by the Insurance Authority. Chubb reserves the right of final approval of the policy issuance. Hang Seng Bank Limited ("Hang Seng Bank") is registered as an insurance agency by the Insurance Authority (License No.: FA3168) and authorised by Chubb for distribution of this Plan. This Plan is a product of Chubb and not Hang Seng Bank. Upon application to this Plan, insurance premium will be payable to Chubb, and Chubb will provide Hang Seng Bank with commission and performance bonus as remuneration for distribution of this Plan. The existing staff remuneration policy on sales offered by Hang Seng Bank takes into account various aspects of the staff performance instead of focusing solely on the sales amount.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and the customer out of the selling process or processing of the related transaction, Hang Seng Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however, any dispute over the contractual terms of the insurance product, underwriting, claims and policy service should be resolved directly between Chubb and the customer.

The above information is intended to be a general summary for reference only. Please refer to the policy wording for exact terms, conditions, details of the exclusions and relevant product risks.

Risk Disclosure

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.
• The risks for funds which are index funds include but not limited to:
  - Tracking error risk: There can be no assurance that the performance of the relevant fund will be identical to the performance of the relevant index. Factors such as the fees and expenses borne by the relevant fund, the time differences associated with portfolio re-balancing, the prices at which the constituent stocks of the relevant index are acquired or disposed by the relevant fund, the market condition at the relevant time of acquisition or disposal, the index-tracking strategies or financial derivative instruments used will affect the performance of such fund relative to the relevant index.
  - Passive investment risk: Fund manager does not have any discretion to select stocks individually or to take defensive positions in declining markets or changes in the composition of the index. Hence, any fall in the relevant index will result in corresponding fall in the value of the relevant fund. The composition of the relevant index may change and stocks currently comprising the relevant index may subsequently be delisted. Other stocks may also be added subsequently to become constituent stocks of the relevant index.
  - Concentration risk: The relevant fund may be concentrated in a single or particular sector(s)or single country/ region. The performance of the relevant fund could depend substantially on the performance of the relevant single or particular sector(s)/market(s) and the relevant fund is likely to be more volatile than a broad-based fund as it is more susceptible to adverse conditions in the relevant single or particular sector(s) / market (s). In seeking to reflect the weightings of constituent stocks of the relevant index, investments of the relevant fund may be concentrated in a single constituent stock or several constituent stocks. The performance of the relevant index and the fund may be significantly affected by the price fluctuation of one or several of the constituent stocks of the relevant index.
• The risks for funds which are bond funds, including but not limited to the credit/default risks of the issuers of the bonds in which the bond funds invest, interest rate risk and liquidity risk etc.

Risk Disclosure of Bond and Certificate of Deposit Product:

• Bonds and Certificates of Deposit (CDs) are investment products. The investment decision is yours but you should not invest in a bond/CD unless the intermediary who sells it to you has explained to you that the bond/CD is suitable to you having regard to your financial situation, investment experience and investment objectives. Your intermediary is under a duty to assure that you understand the nature and risks of this product, and that you have sufficient net worth to be able to assume the risks and bear the potential losses of trading in this product.
• Bonds are not deposits and should not be treated as substitute for conventional time deposits.
• Certificate of Deposit is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
• Investors who purchase bonds/CDs are exposed to the credit risk of the issuer and guarantor (if any) of the bonds/CDs. There is no assurance of protection against a default by the issuer/guarantor in respect of the repayment obligations. In the worst case scenario, any failure by the issuer and the guarantor (if any) to perform their respective obligations under the bonds/CDs when due may result in a total loss of all of your investment.
• Renminbi (RMB) is not a freely convertible currency. As such, investors trading bonds and/or CDs denominated in RMB are subject to additional risks (such as currency risk).
• The above is not an exhaustive list of risk factors. Please refer to the section on "Risk Factors" in the relevant "Bond / Certificate of Deposit Trading Services" Factsheet to understand other risk factors applicable to bonds and CDs.
• The information displayed does not constitute nor is it intended to be construed as any professional advice, offer, solicitation or recommendation to deal in Bonds / CDs. Investors should be aware that all investments involve risks (including the possibility of loss of the capital invested). The prices of Bonds and CDs may go up as well as down and past performance is not indicative of future performance. Investors should not only base on this information alone to make investment decisions, and should carefully consider whether an investment is suitable for them in view of their own investment objectives, investment experience, investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should read the relevant product offering documents and terms and conditions (including the full text of the risk factors therein) in detail before making any investment decisions. Investors should obtain independent professional advice if they have concerns about their investment.
• No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any general financial and market information, news services and market analysis, projections and/or opinions ("Market Information") provided above and the basis upon which any such Market Information have been made, and no liability or responsibility is accepted by the Bank in relation to the use of or reliance on any such Market Information whatsoever provided in the webinar.
• Investors must make their own assessment of the relevance, accuracy and adequacy of the information provided and make such independent research/investigations as they may consider necessary or appropriate for the purpose of such assessment. The Bank does not make any representation or recommendation or assessment as to whether or not any of the investment(s) mentioned are suitable or applicable to any persons and thus shall not be held responsible in this regard.

Risk Disclosure of Equity Linked Investments ("ELIs")

• Equity Linked Investments ("ELIs") involve derivatives. You should not only base on this material alone to make any investment decisions. The investment decision is yours and you should not invest in ELIs unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
• ELIs are considered as a complex product and you should exercise caution in relation to ELIs. The market value of the ELIs may fluctuate and you may sustain a total loss of their investment. You should therefore ensure that you read and understand the nature of the ELIs and the relevant offering documents of the ELIs (including the full text of the risk factors therein) and, where necessary, seek independent professional advice, before making any investment decisions.
• Liquidity risk - ELIs are designed to be held to its maturity. You may not be able to sell your investment in the ELIs before maturity. If you try to sell the ELIs before maturity, the amount you receive may be substantially less than the investment amount.
• Credit risk of the ELI issuer - ELIs constitute general unsecured and unsubordinated contractual obligations of the issuer. When you buy ELIs, you will be relying on the creditworthiness of the ELI issuer and of no other person. You have no rights under the terms and conditions of ELIs against any issuer of any linked stock. If the relevant ELI issuer becomes insolvent or default on its obligations under the ELIs, in the worst case scenario, you could lose substantial part or all of the capital invested. ELIs may be terminated early by the Issuer.
• Some ELIs are partially capital protected at maturity provided that you hold the ELIs until maturity and the ELIs are not otherwise early terminated.
• Investing in ELIs is not the same as investing in the linked reference asset(s) directly.
• Not covered by the Investor Compensation Fund - ELIs are not traded on any markets operated by Hong Kong Exchanges and Clearing Limited or any other stock exchanges. There may not be an active or liquid secondary market.
• The above is not an exhaustive list of risk factors. For details, please refer to the offering documents.

Risk Disclosure of Structured Notes

• Structured notes involve derivatives. You should not only base on this material alone to make any investment decisions. The investment decision is yours and you should not invest in the product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives and you fully understand and are willing to assume the risks associated with it.
• Structured notes are considered as a complex product and you should exercise caution in relation to Structured note. The market value of the structured notes may fluctuate and investors may sustain a total loss of their investment. You should therefore ensure that you read and understand the nature of structured notes and the relevant offering documents of the structured notes (including the full text of the risk factors therein) and, where necessary, seek independent professional advice, before making any investment decisions.
• Credit risk of the Issuer - structured notes constitute general unsecured and unsubordinated contractual obligations of the Issuer. When you buy structured notes, you will be relying on the creditworthiness of the Issuer and of no other person. You have no rights under the terms and conditions of the structured notes against any issuer of any linked underlying(s). If the Issuer becomes insolvent or default on its obligations under the product, in the worst case scenario, you could lose substantial part or all of the capital invested. The structured notes may be terminated early by the issuer.
• Some structured notes are 100% capital protected at maturity provided that it is not otherwise early terminated by the Issuer
• Investing in structured notes are not the same as investing in the linked reference asset(s) directly.
• The structured notes are not normal time deposits, and they are not protected by the Deposit Protection Scheme in Hong Kong.
• Not covered by the Investor Compensation Fund – structured notes are not traded on any markets operated by Hong Kong Exchanges and Clearing Limited or any other stock exchanges. There may not be an active or liquid secondary market.
• The above is not an exhaustive list of risk factors. For details, please refer to the offering documents.

Risk Disclosure of “MaxiInterest” Investment Deposit

• “MaxiInterest” Investment Deposit (“MXI”) is a structured product involving derivatives. You should not only base on this material alone to make any investment decisions. The investment decision is yours and you should not invest in MXI unless the intermediary who sells it to you has explained to you that MXI is suitable for you having regard to your financial situation, investment experience and investment objectives and you fully understand and are willing to assume the risks associated with it. You should therefore ensure that you read and understand the nature of the MXI and the relevant offering documents of the MXI (including the full text of the risk factors therein), where necessary, seek independent professional advice, before making any investment decisions
• MXI is embedded with FX options. Option transactions involve risks, especially when selling an option. Although the premium received from selling an option is fixed, you may sustain a loss well in excess of such premium amount, and the loss could be substantial.
• You should note that MXI is not normal time deposit and thus should not be considered as normal time deposit or its alternative. It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
• Earnings on MXI are limited to the nominal interest payable and it is only payable upon maturity. As the principal and the earning will be paid in the Deposit Currency or the Linked Currency, whichever has depreciated against the other, investors will have to bear the potential losses due to currency depreciation, which may be substantial. If MXI is withdrawn before maturity, investors will also have to bear the costs involved. Such losses and costs may reduce the earnings and the principal amount of MXI.
• You will be relying on the Bank’s (as the issuer) creditworthiness. MXI is not secured by any collateral. If the Bank becomes insolvent or default on its obligations under MXI, in the worst case scenario, you could suffer a total loss of your investment amount.
• MXI is not listed on any stock exchange and is not covered by the Investor Compensation Fund.
• Investing in MXI is not the same as buying the linked currency directly.
• Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the MXI involving RMB are subject to the currency risk of RMB.
• Certain Terms and Conditions (including some of the key dates) of MXI can be adjusted by the Bank in certain circumstances. The MXI may be terminated early by the Bank. This might have a negative impact on the product’s return.

Risk Disclosure of Currency-Linked Capital Protected Investment Deposit

• Currency-Linked Capital Protected Investment Deposit (“CPI”) is a structured product involving derivatives. You should not only base on this material alone to make any investment decisions. The investment decision is yours and you should not invest in the CPI unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives and you fully understand and are willing to assume the risks associated with it. You should therefore ensure that you read and understand the nature of the CPI and the relevant offering documents of the CPI (including the full text of the risk factors therein) and, where necessary, seek independent professional advice, before making any investment decisions.
• CPI is embedded with FX options. Option transactions involve risks, even when buying an option. The option’s value might become worthless if the market moves against your expectation.
• You should note that CPI is not a normal time deposit and thus should not be considered as normal time deposit or its alternative. It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
• You should understand that the Principal of the CPI is protected only when it is held to maturity and you will be relying on the Bank’s (as the issuer) creditworthiness. CPI is not secured by any collateral. If the Bank becomes insolvent or default on its obligations under the CPI, in the worst case scenario, you could suffer a total loss of your investment amount.
• CPI is not listed on any stock exchange and is not covered by the Investor Compensation Fund.
• Investing in CPI is not the same as buying the Underlying Currency Pair directly.
• Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the CPI involving RMB are subject to the currency risk of RMB.
• Certain Terms and Conditions (including some of the key dates) of CPI can be adjusted by the Bank. The CPI may be terminated early by the Bank. This might have a negative impact on the product’s Return / Coupon (if any).

Risk Disclosure of Securities Investment:

Investors should note that investment involves risks. 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.
Investors should note that investing in different Renminbi-denominated securities and products involves different risks (including but are not limited to currency risk, exchange rate risk, credit risk of issuer / counterparty, interest rate risk, liquidity risk (where appropriate)). The key risks of investing in securities via the Stock Connect Northbound Trading include:

• Once the respective quota is used up, trading will be affected or will be suspended.
• Stock Connect Northbound Trading will only operate on days when both markets are open for trading and when banks in both markets are open on the corresponding settlement days. Investors should take note of the days the Stock Connect Northbound Trading is open for business and decide according to their own risk tolerance whether or not to take on the risk of price fluctuations in securities during the time when Stock Connect Northbound Trading is not trading.
• When a security is recalled from the scope of eligible securities for trading via Stock Connect Northbound Trading, that security can only be sold but NOT bought.
• Investors will be exposed to currency risk if conversion of the local currency into RMB is required.

Foreign securities carry additional risks not generally associated with securities in the domestic market. The value or income (if any) of foreign securities may be more volatile and could be adversely affected by changes in many factors. Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.

Risk Disclosure of Exchange Traded Fund ("ETF") investment

Investors should note that ETF is different from a typical unit trust and many factors will affect its performance. In general, the market price per ETF unit may be significantly higher or lower than its net asset value per unit due to market demand and supply, liquidity, and scale of trading spread in the secondary market and will fluctuate during the trading day. ETF is different from stocks, investors should read the offering documents of the relevant ETF and understand the features and risks of ETF etc.

Risk Disclosure for TraHK

• The Tracker Fund of Hong Kong ("TraHK") is an exchange-traded fund designed to provide investment results that closely correspond to the performance of the Hang Seng Index ("Index") but its return may deviate from that of the Index.
• Investment involves risk, including risks of concentration of investments in shares in constituent companies of the Index, performance of the Index, economic, political and social developments, risks relating to investment in Hong Kong-listed stocks, and dual counter risks. Investors may lose part or all of their investments.
• Due to fees and expenses of TraHK, liquidity of the market and tracking strategy adopted by the Manager, TraHK's return may deviate from that of the Index.
• The trading price of TraHK may differ from the underlying net asset value ("NAV") per unit.
• TraHK may not be suitable for all investors. Investors should not invest based on this website only. Investors should read TraHK's prospectus including all risk factors, consider the product features, their own investment objectives, risk tolerance level and other factors, and seek independent financial and professional advice as appropriate prior to making any investment.
• The performance of TraHK, the NAV per unit and the performance by the manager and the trustee of their respective obligations are not guaranteed by the HKSAR Government. The HKSAR Government has given no guarantee or assurance that the investment objective of TraHK will be met.
• Eligible customers who complete the specified requirements for various insurance offers during the promotion period can enjoy rewards of value up to HKD 6,500 (including Exclusive Offer for Life insurance plan of up to HKD4,000 Reward, Foreign Currency Exchange Offer of up to HKD2,000 Cash Reward and Hang Seng World Mastercard Spending Privilege of up to $500 +FUN Dollars Rebate ). The above offers are subject to terms and conditions. For details, please refer to hangseng.com/lifeinsurance.

RMB Currency Risk

Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.

Foreign Exchange Risk

Foreign Exchange involves Exchange Rate Risk. Fluctuations in the exchange rate of a foreign currency may result in gains or loss of principal in the event that the customer converts the deposits from Hong Kong Dollar or foreign currency to another currency and/or in the event that the customer converts a foreign currency time deposit to another currency (including Hong Kong Dollar) upon maturity.

Disclosure of Information of Life Insurance Plan

FamilyPower Multi-Currency Life Insurance Plan 2 ("the Plan") is a life insurance plan and is not equivalent or similar to any kind of bank deposit. It is underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”).
The above information is a product summary of information for reference only. The Plan is intended only for sale in the Hong Kong SAR. It shall not be construed as an offer to sell or solicitation of an offer or recommendation to purchase or sale or provision of any products of Hang Seng Insurance. Please refer to the promotion leaflets/flyers and contracts for the important information such as detailed coverage, exact Terms and Conditions and exclusions of the Plan. Please refer to the product brochure for the relevant product risks.
The Plan above is underwritten by Hang Seng Insurance. Hang Seng Insurance is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank is an insurance agent authorised by Hang Seng Insurance and the insurance products are the products of Hang Seng Insurance but not Hang Seng Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance and you directly. If you surrender the Policy after the expiry of the cooling-off period, the surrender proceeds to be received may be significantly less than the Total Premiums Paid. Please refer to the illustration summary of this Plan for the projected surrender values.

The benefits and/or returns mentioned throughout this material are not guaranteed and for illustrative purpose only. The actual future amounts of benefits and/or returns may be lower than or higher than the currently quoted benefits and/or returns. The policyholder is subject to the credit risk of “Hang Seng Insurance”. If the policyholder discontinues and/or surrenders this policy in early policy years, the amount of benefits you will get back may be considerably less than the total premiums you have paid. All details regarding policy surrender should be referred to the relevant policy provisions.