Chief Securities Limited

i. Monthly savings style
Similar to a savings deposit plan, MIP helps you accumulate wealth by making a small regular savings each month. It is ideal for people who are interested to invest but are too busy to closely monitor the ups and downs of the market. For your convenience, the monthly contribution will be made through auto payment after you have set the desired amount.

ii. Low-cost investment
Instead of purchasing shares in board lot, our MIP offers a friendly alternative where you can start investing with as little as HK$500 per month.

iii. Flexible
You can adjust the monthly contribution amount or the portfolio combination from time to time, which is absolutely FREE of charges. You can also sell or withdraw the shares at any time.

iv. Dollar Cost Averaging
By investing a regular amount in specific stocks each month, you will acquire more shares when the stock price goes down and fewer shares when the stock price goes up. Therefore, Dollar Cost Averaging investment method smoothes our market fluctuations and lower average costs over a long investment period.

Example

Date	Net Investment Amount*	Purchase Price (HK$)	Average Cost Per Share	Number of Shares Purchased	Number of Shares Accumulated	Investment Amount Accumulated
May-08	$2,953.65	$33.95	$33.95	87	87	$2,953.65
Jun-08	$2,953.65	$30.45	$32.10	97	184	$5,907.30
Jul-08	$2,937.55	$26.95	$30.19	109	293	$8,844.85
Aug-08	$2,935.00	$29.35	$29.97	100	393	$11,779.85
Sep-08	$2,942.70	$28.85	$29.74	102	495	$14,722.55
Sep-08	$2,948.40	$25.20	$28.87	117	612	$17,670.95
Nov-08	$2,960.00	$20.00	$27.15	148	760	$20,630.95
Dec-08	$2,958.00	$20.40	$26.07	145	905	$23,588.95
Jan-09	$2,938.25	$25.55	$26.01	115	1020	$26,527.20
Feb-09	$2,938.25	$22.65	$25.63	130	1150	$29,471.70
Mar-09	$2,943.00	$21.80	$25.23	135	1285	$32,414.70
Apr-09	$2,958.55	$27.65	$25.41	107	1392	$35,373.25
Total	$35,373.25	-	-	-	1392

*Maximum Net Investment Amount: $3000 - $38 (Transaction Fee) = $2962
Monthly contribution net of handling fee is the net investment amount which is used to buy your selected stocks. Residual amount will then be credited to your securities account.
Assuming monthly contribution to be HKD$3,000 and buying the stock on the 4th day of each month.
Using the stock prices of China Life (2628) during the period between May 2008 and April 2009 as an example In the above example, cost per share is HKD$25.41 and you will earn a profit of (27.65 – 25.41)*1392 = $3118.08 if those shares are sold after a year. Dollar Cost Averaging frees you from the impact of short term market fluctuations and helps you profit in volatile market.

v. Development of Saving and Investment Discipline
MIP can effectively build up your saving and investment discipline. It enables you to invest under any market situations. The longer you invest in MIP, the more effective the plan is.

vi. Dividend and Bonus Share
MIP holder is entitled to dividend and bonus share.