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IPO Subscription
What are IPO subscription procedures and methods?

Nominee Services

Subscription Full payment (Non-margin) Margin financing (Margin)
Handling fee Via phone HK$50 / RMB¥50
Via Internet Free (Until further notice)
Via phone & Internet HK$100 / RMB¥100
Enrollment start 09:00 on the first (offering day) 12:00 on the first (offering day)
Subscription Period Mostly 3 and a half day (some stocks may extend the subscription period)
Enrollment end 17:00 on the penultimate day of the subscription period (Enrollment end time could be adjusted without prior notice) 10:00 on the day before the closing day of the subscription period (or Margin financing are all finished)
Extended application period From 17:00 on the day before the closing day of subscription to 10:00 on the last day of subscription period. (not available to multiple application of the same stock) (HK$50 / RMB¥50 administration fee) N/A
Margin cost N/A The rate will be announced on the first offering day
Subscription by

1. Phone call or visit our branch or HQs
2. Via "Chief Trader" mobile application, Top Trader online version and professional trading system
3. Via "Chief Easy" Online Customer Service Platform

Payment Deposit amount payable and handling fee to stock Account by 10:00 on the last day of subscription period Deposit amount payable and handling fee to stock Account by 10:00 on the day before the last day of subscription period
Notification Shares allotment will be deposited to clients' securities' account. Clients will be notified by SMS on the day before listing date
Payment date Last day of subscription period The day before last day of subscription period
Refund No later than the listing date

The allotted shares that applied by individual accounts cannot be deposited into joint-name accounts.

Non-nominee Services

Application Form White Form (Submit by hand) Yellow Form (Submit by hand)
Distribution points and time Available at receiving banks on the first day of subscription period Available at our headquarter and specified branches on the first day of subscription period
Application fee Free of charge
Application lists open From 09:00 on the first day of subscription period
Subscription Period Usually 3.5 days (Some stock may extend their own subscription period)
Lodgment end Drop-in box in receiving banks: the last day of accepting IPO application (12:00)
Headquarter: the last day of accepting IPO application (10:00)
Branches: one day before the last day of accepting IPO application (16:00)
Application method Collect white form from receiving banks. Fill in and submit the form together with bank draft / cheque to CHIEF or receiving banks Collect yellow form from CHIEF. Fill in and submit the form together with bank draft / cheque to CHIEF or receiving banks
Payment method Submit bank draft / cheque together with the application form
If shares allotted Shares in physical scrip will be posted to applicant's address Shares will be deposited into applicant's securities account. Applicant will be notified by phone message one day before the first day of listing (after 16:00)
Fund deduction date The last day of subscription period
Refund Cheque will be posted to applicant's address from the shares registrar. Please call the shares registrar if you did not receive any cheque within 3 working days.

The allotted shares that applied by individual accounts cannot be deposited into joint-name accounts.

How to subscribe IPO online?

You can subscribe via "Chief Trader", Top Trader online version and professional version and "Chief Easy". The handling fee will be waived during promotional period.

Mobile Subscription:

  1. Download and Login "Chief Trader", press the IPO you want to subscribe from “IPO Subscription” and choose “Full Payment” from the menu.
  2. Read the information thoroughly and press “Next” after confirming the details. The confirmation number will be shown when the IPO is successfully subscribed.

Subscription via Top Trader:
Key in “Login password” after registration. After login, choose “HK market” from “IPO Subscription”. The system will automatically link to “Chief Easy” for full payment subscription.

Subscription via Top Trader online version:

  1. Login “Chief Easy”, choose “IPO subscription”, then press “Apply”
  2. Choose “Online Subscription”, read the details of the IPO thoroughly. After choosing the application quantity and confirming the details, press “Apply”. The confirmation number will be shown when the IPO is successfully subscribed. Clients can print or save the details for record.
How to subscribe IPO by margin financing online?

You can subscribe by margin financing via "Chief Trader", Top Trader online version and professional version and "Chief Easy". The financing can be up to 90% of the value of shares you subscribed for, which leveraging your buying power and increase the change of successful subscription.

Items
Handling fee HK$100 / RMB¥100
Enrollment start 12:00 on the first (offering day)
Subscription Period Mostly 3 and a half day (some stocks may extend the subscription period)
Margin cost The rate will be announced on the first offering day
Payment Deposit amount payable and handling fee to stock Account by 10:00 on the day before the last day of subscription period

Deposit Method
Notification Shares allotment will be deposited to clients' securities' account. Clients will be notified by SMS on the day before listing date

Mobile Subscription:

  1. Download and Login "Chief Trader", press the IPO you want to subscribe from "IPO Subscription" and choose "Margin Financing" from the menu. Customer must confirm margin financing application and agree that the application involves handling fee and cannot be cancelled.
  2. Read the information thoroughly, confirm the margin ration and number of shares, then press “Next”. The confirmation number will be shown when the IPO is successfully subscribed.

Subscription via Top Trader:
Key in “Login password” after registration. After login, choose “HK market” from “IPO Subscription”. The system will automatically link to “Chief Easy” for full payment subscription.

Subscription via Top Trader online version:

  1. Login “Chief Easy”, choose “IPO subscription”, then press “Apply”
  2. Choose “Online Subscription”, confirm the margin ration and number of shares, then press “Next”. The confirmation number will be shown when the IPO is successfully subscribed, then press “Apply”. The Clients can print or save the details for record. Customer must confirm margin financing application and agree that the application involves handling fee and cannot be cancelled.
How do I know the subscription has successfully been submitted?

You can login "Chief Trader" or "Chief Easy" and go to the first page of new shares subscription and click “New shares subscription” to check the number of shares applied.

Can I make amendments or cancel the IPO application anytime?

For the IPO full payment application, you can do so, but you need to pay attention that any amendments or cancellation will not be accepted after the subscription deadline. For the IPO Margin Financing Application, you can amend to increase the amount of application, if you want to cancel the application, please contact your branch or headquarter to make amendment.

Where can I get IPO allotment result?

Successful applicants will receive notification SMS one day before the listing day. You can go to the first page of new shares subscription via internet and click “New shares subscription” to check the number of shares allotted and its listing price.

Can I do the pre-IPO shares trading?

We provide the pre-IPO shares trading services prior to their official listing on the SEHK. The trading hours is from 16:15 to 18:30 one business day prior to the official listing date of the new shares. For trading, please contact our New Stock OTC Hotline (852) 2500 9223 (852) 2500 9223 in trading hours.

How can I obtain the latest news of IPOs?

Clients can receive information from our mobile applications. By enabling the “Push Notification”, clients can receive the latest information of IPOs. Our professional research team will also conduct thorough research on selected IPOs which is uploaded to CHIEF website. These reports outline the advantages and risks of the IPOs that help you to make smart investment decisions.

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