Dear Clients，

Thank you for your continuous support and trust in Victory Securities.

Considering the recent rise in Hong Kong Dollar Prime Rate (P) by several local banks, and following a thorough analysis of the latest trends in securities-based lending, we have conducted a comprehensive review and decided to adjust our Hong Kong Dollar securities-based lending rate. The new rates will take effect on October 1, 2022. Consequently, the annual interest rate for HKD loans in your securities account will also be adjusted accordingly. For detailed information of your actual annual loan interest rate, please refer to your daily or monthly statements.

Adjusted annual HKD securities-based lending rates:

1. Margin Account

P*+2.5% (Applicable to loan amounts below the total value of stock pledge)

P*+5.0% (Applicable to loan amounts above the total value of stock pledge)

P*+10.0% (Applicable to single-stock loans or a single stock accounting for 80% or more of the gross position value)

2. Cash and Rolling-Balance Account

P*+3.0% (Overdue Settlement Rate)

P* stands for the prime rate at Standard Chartered Bank, which is currently 5.375 %.

To ensure the best interests of our clients, we recommend regularly monitoring the status of your loans. Please ensure that you allocate a sufficient financial budget to cover any potential increases in interest costs.

For any inquiries, please contact our client service hotline at +852-25231709 or +86-14715017408 during office hours (Monday to Friday from 9:00 AM to 6:00 PM), or email us at cs@victorysec.com.hk to get in touch with our Client Service Department.

Wishing you successful investments and good health.

Yours sincerely,

Victory Securities,

September 28, 2022