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 as further described in Clause 2 below (the “New Clients Brokerage Fee Waiver” or “the Program”) 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 February 1, 2025 to July 31, 2025 (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 Program 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 HK & US Stock 3-month Brokerage Buy 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 waived upfront 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 eligible for the Program.
4. The Program 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 July 31, 2025.
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 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 July 31, 2025.
3.    All the above program and offers cannot be used in conjunction with any other stock offers.
4.    The Bank reserves the right to suspend, amend and terminate the program and offers and change the Terms and Conditions from time to time without prior notice.
5.    The Bank reserves the right of final decision in the event of dispute.
6.    In the event of any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall prevail. If there is any discrepancy between the promotional materials and these Terms and Conditions, these Terms and Conditions shall apply and prevail.
7.    No person other than the clients and the Bank will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of these Terms and Conditions.
8.    These Terms and Conditions are governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.

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.