RETAIL INFRASTRUCTURE BONDS OF THE GOVERNMENT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA

1. I confirm I have read and understood the terms and conditions and application procedures relating to the Retail Infrastructure Bonds to be issued by the Government of the Hong Kong Special Administrative Region of the People's Republic of China (“HKSAR Government”) as set out in the electronic versions of the programme circular dated 30 September 2024 (the "Programme Circular") and the issue circular dated 26 November 2024 (the "Issue Circular"), which can be viewed online at the HKSAR Government Bonds website (www.hkgb.gov.hk), and agree to be bound by them. In particular, I have read and understood and hereby confirm the representations, undertakings, and agreements set out in the sub-section on pages 11 to 18 headed “What confirmations do I have to make?” under the section entitled “HOW TO APPLY FOR RETAIL INFRASTRUCTURE BONDS” in the Issue Circular. I confirm I understand my personal data will be involved in the making of this application, and such personal data may comprise of the information provided above or may come from my personal data stored with the Securities Broker. Regardless of whether such personal data comprises of the information provided above or comes from personal data stored with the Securities Broker, I confirm that such data belongs to me in my capacity as the account holder, or, in the case of joint accounts, belongs to me in my capacity as one of the account holders. I am aware of the selling and transfer restrictions stated in the Issue Circular. I confirm I hold a valid Hong Kong identity card. I confirm I am not located within the United States or Canada and am not a U.S. Person within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (which includes any person resident in the United States and any partnership or corporation organised or incorporated under the laws of the United States) ("U.S. Person") or a resident of Canada. I further confirm that I am not acting as an agent of a U.S. Person or a resident of Canada.
2. I confirm that I have made one application for the Retail Infrastructure Bonds only. Any application to HKSAR Government by a placing bank or Hong Kong Securities Clearing Company Limited (“HKSCC”) (whether made for an investor who has an investor account with HKSCC or for an investor applying through a securities broker) will constitute an offer to subscribe for Retail Infrastructure Bonds. In the case of multiple applications, I understand and agree that all of my applications may be rejected.
3. I acknowledge and agree that HKSAR Government has set a maximum principal allocation amount of HK$1,000,000 per applicant and that I will not be allocated in full the principal amount of Retail Infrastructure Bonds I apply for if it exceeds such maximum principal allocation amount. I further acknowledge and agree that the principal amount of Retail Infrastructure Bonds allocated to me may be less than such maximum principal allocation amount.
4. I acknowledge and agree that, subject to any announcements by HKSAR Government, this instruction is irrevocable.
5. Please debit the application amount (inclusive of the brokerage fee) from my designated HKD account with the Securities Broker. I understand and agree that the Securities Broker may at its discretion and without reference to me determine whether to carry out my instructions given herein if my designated HKD account with the Securities Broker does not have sufficient available fund(s) to pay for the application amount (inclusive of brokerage fee). Any costs, charges and losses incurred as a result thereof shall be borne by me.
6. I understand that the Securities Broker has the discretion to hold the relevant application amount (inclusive of brokerage fee) in my above-mentioned debit account from the date of this application until the relevant application amount (inclusive of brokerage fee) has been debited from my debit account on or before the closing date of the subscription period or upon being notified that the above instruction cannot be carried out for whatever reason.

7. Personal Information Collection Statement 
   
   This Personal Information Collection Statement is made in accordance with the Personal Data (Privacy) Ordinance, Cap. 486 (the “PDPO”). It sets out the purposes for which your personal data (the term “personal data” means personal data as defined in the PDPO) provided by you as an applicant for Retail Infrastructure Bonds may be used after collection as well as what you are agreeing to in respect of the use, disclosure, transfer and retention of your personal data by HKSAR Government as the issuer of Retail Infrastructure Bonds and your rights under the PDPO.
   Purposes of Collection of Personal Data 
   It is necessary for you as an applicant for Retail Infrastructure Bonds, when applying for Retail Infrastructure Bonds, to provide your personal data to HKSAR Government and any agents or parties duly authorised by it in connection with the Retail Infrastructure Bond issuance.
   Failure to provide your personal data may result in your application for Retail Infrastructure Bonds being rejected, delay or an inability to process your application. It may also result in delay to the allocation of Retail Infrastructure Bonds to you if your application is successful or to any refund being made to you if you are owed a partial or full refund of your application moneys.
   It is important that you inform the person or party to whom you provided your personal data immediately upon becoming aware of any inaccuracy in or change to your personal data so provided. Your personal data provided in your application for Retail Infrastructure Bonds will be used for one or more of the following purposes:

   • processing your application;
   • verifying the validity of your application;
   • enabling compliance with the terms and application procedures set out in this application form and the Issue Circular;
   • conducting identity and signature verifications;
   • enabling exchange of information directly or indirectly between HKSAR Government as the issuer of Retail Infrastructure Bonds and you;
   • statistical purposes;
   • enabling compliance with all applicable laws, rules and regulations, codes and practices binding on or applicable to HKSAR Government or any agents or parties duly authorised by it, or an order of a court of any competent jurisdiction (including making required disclosures);
   • any other incidental or associated purposes relating to any of the above purposes; and
   • for any other purposes in connection with the Retail Infrastructure Bond issuance as permitted by law.

   
   Transfer of Personal Data 
   Your personal data will be kept confidential but may, for any of the above purposes, be disclosed or transferred to any of the following parties (whether within or outside Hong Kong):

   • Hong Kong Monetary Authority, Hong Kong Securities Clearing Company Limited and recognised dealers, placing banks, and securities brokers (as defined in the Issue Circular);
   • any agents, contractors or third-party service providers who offer administrative, telecommunications, computer, payment, data processing, matching, storage, research, statistical or other services to HKSAR Government for the purposes mentioned above, or to any of the parties mentioned in (a) above in connection with the operation of such party’s activity or business for purposes relating to Retail Infrastructure Bonds;
   • any government or regulatory bodies;
   • any legal adviser, accountant, other financial or professional adviser to HKSAR Government; and
   • any other persons with whom, or institutions with which, you as a holder of Retail Infrastructure Bonds have or propose to have dealings for purposes relating to your Retail Infrastructure Bonds, including but without limitation your bankers, legal advisers, accountants or securities brokers.

   
   Access to and Correction of Personal Data 
   Under the PDPO, you have:

   • the right to check whether HKSAR Government and/or any of the agents or parties duly authorised by it in connection with the Retail Infrastructure Bond issuance holds personal data about you and the right of access to such personal data;
   • the right to require HKSAR Government and/or any of the agents or parties duly authorised by it in connection with the Retail Infrastructure Bond issuance to correct any personal data relating to you which is inaccurate; and
   • the right, as far as practicable, to ascertain the policies and practices of HKSAR Government and/or any of the agents or parties duly authorised by it in connection with the Retail Infrastructure Bond issuance in relation to personal data for purposes relating to Retail Infrastructure Bonds.

   In accordance with the PDPO, HKSAR Government and/or any of the agents or parties duly authorised by it in connection with the Retail Infrastructure Bond issuance have the right to charge a reasonable fee for processing of any data access request. All requests for access to or correction of personal data held by HKSAR Government and/or any of the agents or parties duly authorised by it in connection with the Retail Infrastructure Bond issuance, or for information regarding the policies and practices of such parties in relation to the personal data for purposes relating to Retail Infrastructure Bonds should be addressed to:
   
   Hong Kong Monetary Authority 
   Attention: The Data Protection
   Officer Address: 55/F, Two International Finance Centre 8 Finance Street, Central, Hong Kong
   Fax Number: 2878 8262
   Email: hkgbenquiry@hkma.gov.hk

8. I understand and acknowledge that:
   • the Securities Broker is acting in the capacity of an agent in handling this application;
   • the Securities Broker does not have any affiliation with HKSAR Government;
   • the Securities Broker will receive from HKSAR Government (via HKSCC) a placing fee of 0.15% of the allotted amount of Retail Infrastructure Bonds;
   • HKSAR Government has set a maximum principal allocation amount of HK$1,000,000 per applicant as specified in paragraph 3 above; and
   • if I submit more than one application for the Retail Infrastructure Bonds, either through the Securities Broker or through any other securities broker(s) or placing bank(s), all of my applications may be rejected. I confirm that this is the only application I have submitted for the Retail Infrastructure Bonds.
9. I acknowledge that, except as expressly stated above, the terms and conditions/charges applicable to my above Investment Services/Securities Account shall continue to apply.