Terms of the promotion offer:

1. The above preferential interest rates which are announced on 14 January 2023 by Nanyang Commercial Bank, Limited (“the Bank”) are examples of CNY interest rates (p.a.) enjoyed by customers who place 6-Month “NCB High Yield RMB Time Deposit” of CNY100,000 or above for reference only. Customers can fully withdraw the principal or partially withdraw the principal for multiple times via any branches or Personal Internet Banking after 1 month from the placement date of “NCB High Yield RMB Time Deposit”. The promotion period ends on 15 February 2023. The offer is subject to relevant terms. For details, please refer to the promotion leaflet of “NCB High Yield RMB Time Deposit” or contact our staff.

2. The above preferential interest rates which are announced on 4 January 2023 by the Bank are examples of CNY interest rates (p.a.) enjoyed by personal customers who place 7-day “Reward-Plus Time Deposit” of HK$1,000 equivalent(only available for Internet Banking or Mobile Banking) or HK$30,000 equivalent(only available for branch (including Branch Manned Phone Banking Services)) by exchanging HKD for CNY and are for reference only. Time deposits of other currencies with different preferential interest rate (p.a.) are available. The promotion period ends on 15 March 2023. The offer is subject to relevant terms. For details, please refer to the promotion leaflet of “Reward-Plus Time Deposit” or contact our staff.

3. 30 bps Narrower CNH/HKD Exchange Bid-Ask Spread refers to 15 bps reduction in both of the Bank Buy and Bank Sell CNH/HKD telegraphic transfer exchange rates, for a total of 30 bps narrower difference between the Bank Buy and Bank Sell CNH/HKD telegraphic transfer exchange rates effective from 2 March 2021. The actual exchange rates are subject to the announcement of the bank at the time of transaction. The bank reserves the right to change the Bank Buy and Bank Sell CNH/HKD telegraphic transfer exchange rates or the bid-ask spread without prior notice. Please refer to the website of the Bank <https://www.ncb.com.hk/nanyang_bank/eng/html/14ab.html>  for the most updated exchange rates of the Bank. In case of dispute on the exchange rates, the Bank's decision shall be final.
4. For the above example, customers who buy or sell CNY1 million with HKD could save or get extra HK$1,500, for a total of HK$3,000 through conducting both of the buying and selling transactions compared to the dates that the Bank had not yet narrowed 30 bps CNH/HKD Exchange Bid-Ask Spread.
5. The 10 bps currency exchange rate offer for NCB Wealth Management Customers is only applicable to NCB Wealth Management customers who exchange HKD for CNY at the telegraphic transfer rate via our branches (including Branch Manned Phone Banking Services), Personal Internet Banking or Mobile Banking of the Bank. For details of the offer, please contact our staff.
6. “Cross-border Salary Remittance” :
   • “Cross-border Salary Remittance” is only applicable to Personal Customers who are Mainland Chinese working in Hong Kong, hold Mainland Chinese identity documents (e.g. Resident Identity Card of the People’s Republic of China) and hold RMB accounts of the Bank (“Eligible Customers of ‘Cross-border Salary Remittance’”).
   • Eligible Customers of “Cross-border Salary Remittance” should meet the Bank’s requirements on Payroll customer of the Bank, the income proof in Hong Kong and the proof of immediate family relationship. The Bank and NCB (China) reserve the right of final decision on accepting the “Cross-border Salary Remittance” applications.
   • To be eligible for the currency exchange rate offer, Eligible Customers of “Cross-border Salary Remittance” should request our staff for the currency exchange rate offer before the exchange transaction. The offer is not applicable to RMB notes exchange. Eligible Customers of “Cross-border Salary Remittance”, at the time of conducting “Cross-border Salary Remittance” transaction, could enjoy 30 bps currency exchange rate offer by exchanging HKD for CNY at the telegraphic transfer exchange rate and settling in the Multi-Currency Savings Account / RMB Account via the Bank’s branches.
   • Eligible Customers of “Cross-border Salary Remittance” could enjoy Outward Telegraphic Transfer Remittance charges waiver when remitting RMB through “Cross-border Salary Remittance” via the Bank’s branches to their same-named or immediate family member accounts in NCB (China). For details of the remittance charges, please refer to “NCB Remittance Tariff” of the Bank.
   • The remittance should be complied with policies/regulations of Mainland regulators and Mainland banks. The Bank and NCB (China) reserve the rights to reject or return relevant remittance at its sole discretion, while incurred fees/charges and consequences should be borne by the remitters. The Bank and NCB (China) reserve the right of final decision on accepting application documents provided by the customers (including but not limited to the income proof and relationship proof) and accepting the “Cross-border Salary Remittance” applications. The Bank and NCB (China) could at its sole discretion request extra documents from the customers.
   • The promotion period of the currency exchange rate offer of “Cross-border Salary Remittance” ends on 30 June 2023. "Cross-border Salary Remittance" and the related offers are subject to terms. For details, please refer to the promotion leaflet of “Cross-border Salary Remittance”, the Bank’s website or contact our staff. “Cross-border Salary Remittance” is not applicable to our staff.
7. Applicable to “Dual Currency Investment” only. You can choose any 2 currencies from HKD, USD, CNY, AUD, NZD, GBP, CAD, EUR, and JPY to form a currency pair. Where the Investment Currency or Linked Currency is CNY, you should note that the Bank will use the relevant offshore CNH exchange rate. This promotional material is for reference only. It is not and does not constitute any offer, solicitation or recommendation to buy, sell or provide any investment product or service.

General Terms:

The above products, services and offers are subject to terms and conditions. For details, please contact our staff. The Bank reserves the right to change, suspend or terminate the offers or to amend the relevant terms at its sole discretion without prior notice. All matters and disputes will be subject to the final decision of the Bank. Should there be any discrepancy between the Chinese and English versions of this promotional material, the Chinese version shall prevail.

Risk Disclosure:

The following risk disclosure statements cannot disclose all the risks involved. You should undertake your own research and study before you trade or invest. You should carefully consider whether trading or investment is suitable in light of your own financial position, investment experience and investment objective. You are advised to seek independent professional advice before you trade or invest. You should seek independent professional advice if you are uncertain of or have not understood any aspect of the following risk disclosure statements or the nature and risks involved in trading or investment.

Related Risk Disclosure of Securities Trading:

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.

You are reminded to understand the relevant details, risks, charges and important notes before investing in Shanghai A shares or Shenzhen A shares. For details, please read the “Important Notice of Trading China A Shares and A Shares Margin Trading via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect” in our website or contact our branch staff.

Risk of Securities Margin Service:

The risk of loss in financing a transaction by deposit of collateral is significant. Due to the prices of securities fluctuate, sometimes dramatically, you may sustain losses in excess of your cash and any other assets deposited as collateral with us. Market conditions may make it impossible to execute contingent orders, such as “stop-loss” or “stop-limit” orders so as to limit your losses. You may be called upon at short notice to make additional margin or interest payments. If the required margin or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position, investment experience and investment objective. It is likely that losses will be incurred rather than profits made as a result of buying and selling securities.

Related Risk Disclosure of Fund:

Fund products or services are not equivalent to, nor should it be treated as a substitute for, time deposit. Although investment may bring profit opportunities, each investment product or service involves potential risks. Due to dynamic changes in the market, the price movement and volatility of investment products may not be the same as expected by you. Your fund may increase or reduce due to the purchase or sale of investment products. The value of investment funds may go up as well as down and the investment funds may become valueless. Therefore, you may not receive any return from investment funds. Part of your investment may not be able to liquidate immediately under certain market situation. Certain investment funds are structured products involving derivatives. The investment decision is yours but you should not invest in these products 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. Investment (include investment in RMB) involves risks. Please refer to the relevant fund offering documents for further details including risk factors. If you have any inquiries on this Risk Disclosure Statement or the nature and risks involved in trading or funds etc., you should seek advice from independent financial adviser.

Important Notes of Fund:

The Bank is appointed by fund houses as agent. The fund product is a product of fund houses but not that of the 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 the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the fund product should be resolved directly between the fund house and the customer.

Related Risk Disclosure of Bond:

The prices of bonds fluctuate, sometimes dramatically. The price of a bond 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 bonds. The investment decision is yours but you should not invest in these products 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. Investing in bonds involves significant risks. It is impossible to describe every risk associated with such bonds that is relevant to you. Before making your investment decision, you should carefully read the offering documents of the relevant bonds including, in particular, the sections about risks, and ensure that you fully understand the nature and all the risks associated with an investment in the relevant bonds and are willing to assume such risks. You should carefully consider whether the relevant bonds are suitable for you in light of your own relevant circumstances. If in doubt, you should seek independent professional advice.

Related Risk Disclosure of Currency Linked Investments:

Currency Linked Investments is a structured product involving derivatives. The investment decision is yours but you should not invest in these products 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. Currency Linked Investments is NOT equivalent to, nor should it be treated as a substitute for, time deposit. Currency Linked Investments is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong. Currency Linked Investments is designed to be held till maturity. Once the transaction for this product is confirmed, no partial or full withdrawal will be allowed before maturity. Currency Linked Investments is not secured by any collateral. You will be taking the credit risk of the Bank. In the worst case, you could suffer a total loss of your principal amount and the potential interest amount. Investing in Currency Linked Investments is not the same as buying the linked currency directly. Currency Linked Investments - Dual Currency Investment is not principal protected. In the worst case scenario, you could lose all of the principal amount and the interest amount. Currency Linked Investments - Option Linked Investment is principal protected only if held till maturity. It is impossible to describe every risk associated with Currency Linked Investments that is relevant to you. You should not invest in Currency Linked Investments based on this page alone. Before making any investment decision, you should read the offering documents (including the "Important Facts Statement") to understand the nature and risks of the product. You should carefully consider whether the relevant Currency Linked Investments is suitable for you in light of your own relevant circumstances. If in doubt, you should seek independent professional advice.

RMB Foreign Exchange and Investment Risk Disclosure:

• RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies.
• (Only applicable to Individual Customers) RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
• (Only applicable to Corporate Customers) RMB is currently not fully freely convertible. Corporate customers that intend to conduct conversion of RMB through banks may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.

This promotional material does not constitute any offer, solicitation, recommendation, comment or guarantee to the purchase, subscription or sale of any investment product or service.

This promotional material is issued by the Bank and the contents have not been reviewed by the Securities and Futures Commission of Hong Kong.

NCB (China) is a commercial bank incorporates in the Mainland of China and wholly owned by the Bank. NCB (China) is neither an authorized institution of the Banking Ordinance of Hong Kong nor carrying on banking business in Hong Kong, and the Bank is not an agent of NCB (China).

To borrow or not to borrow? Borrow only if you can repay!