Terms and Conditions for HK & US Stock 3-month Brokerage Buy Fee Waiver

1. The “HK & US Stock 3-month Brokerage Buy Fee Waiver” Program (the “New Clients Brokerage Fee Waiver”) is only applicable to Citigold Private Client, Citigold, Citi Priority, Citibanking and Citi Plus clients who open a new securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (the “Bank”) from August 1, 2025 to January 31, 2026 (the “Promotion Period”) and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months(“New Clients”), in order to enjoy the Program.
2. The offer is applicable only to the HK and/or US stock market selected at the time the new securities account is opened. Any markets added subsequently will not be eligible. New Clients can enjoy the unlimited brokerage fee waiver for the buy transactions of HK and US stocks carried out via Citibank Online or Citi Mobile^® App Securities Services (where applicable) within the first 3 months (3-month period is calculated on the basis of 90 days with Saturdays, Sundays, public holidays and the 90th day included) of securities account opening.
3. The eligible HK and/or US stock buy transactions brokerage fee will be upfront waived at the time of trade. Sell transactions in HK and/or US stock, Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions are not included.
4. Within the first 3 months of the new securities account opening, the HK and/or US stock sell transactions brokerage fee are subject to the brokerage fee stated on the “Service Fees and Charges” (Details: https://www.citibank.com.hk/english/investment/pdf/Stock_fees_and_charges_leaflet.pdf), according to the respective Banking Services on the day of securities account opening.
5. The Offer is not applicable to

   i.  U.S. Persons.

   ii. The individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, United Kingdom, Brazil, New Zealand, Jamaica, Ecuador and Sri Lanka.

   iii. Employees of the Citibank (Hong Kong) Limited, Citibank, N.A. or its subsidiaries during the Promotion Period.

   iv. Clients who are residents in Singapore.

Terms and Conditions for No Minimum Brokerage Fee Offer:
1.    No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid until January 31, 2026.
2.    Clients who conduct HK or US stock transactions via Citibank Online or Citibank Mobile^® App Securities Services will have the minimum brokerage fee (HK stock: HKD/RMB100 per transaction; US Stock: USD30 per transaction) waived. The No Minimum Brokerage Fee Offer is not applicable to transactions conducted via the Dedicated Trading Hotline. 

General Terms and Conditions:
1.    Clients are still subjected to charge non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
2.    Online IPO application handling fee waiver is valid until January 31, 2026.
3.    All the above offers cannot be used in conjunction with any other stock offers.
4.    All the above offers / rewards are not applicable to clients who are the employee of the Bank or its subsidiaries during the Promotion Period and at the time crediting the rewards.
5.    The Bank reserves the right to suspend, amend and terminate the offers and change the Terms and Conditions from time to time without prior notice.
6.    The Bank reserves the right of final decision in the event of dispute.

Important Disclaimer:

You should seek advice from your professional advisors as to your particular tax position, including but not limited to estate duty and withholding tax that might arise from investing in overseas products. This material is for information purposes only and is not intended to constitute any offer or solicitation or advice to buy or sell any security. Investments are not bank deposits and are not obligations of, guaranteed or insured by Citibank (Hong Kong) Limited, Citibank, N.A., organized under the laws of U.S.A. with limited liability, Citigroup Inc. or any of its affiliates or subsidiaries, or by any local government or insurance agency, and involve risks, including the possible loss of the principal amount invested. Share prices may go down as well as up. Investment products are not available for US persons and might only be applicable to limited jurisdiction. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. In the event of discrepancy between the English and Chinese versions, the English version shall prevail.