1. Scope of Application

Conversion of the same stock between HK market and US market.

2. Conversion Fees

• ADR conversion from US stock to HK stock: US$650/order + US$0.5/share ＋ Other third-party fees (if any) on a reimbursement basis

Note: For your conversion to be successfully processed, please ensure that there are sufficient funds in your account to pay the fees.

3. Conversion Process

1) Client applies by sending an email to service@longbridge.hk according to the template;

2) Long Bridge sends a confirmation email to the client;

3) Long Bridge deducts the ADRs and fees from the client’s transfer-out account;

4) Long Bridge updates the converted shares in the client’s account.

4. Email Template

Email Template

Long Bridge (HK) Limited,

I intend to convert the shares in my securities account and I clearly understand the charges and risks involved. Details of the shares to be converted are as follows.

Client Information

Longbridge Account No.:

Client Name in Chinese/English:

Conversion Information

Conversion from/to:

Stock Code:

Number of Converted Shares:

Sample Filled Email Template

Long Bridge (HK) Limited,

I intend to convert the shares in my securities account and I clearly understand the charges and risks involved. Details of the shares to be converted are as follows.

Client Information

Longbridge Account No.: H12345678

Client Name in Chinese/English: Dawen Chen

Conversion Information

Conversion from/to: ADR to HK stock

Stock Code: BABA

Number of Converted Shares: 500

5. How long does it take to complete the conversion after submitting an email application?

Long Bridge will apply for the conversion with the clearing broker as soon as possible after receiving the client’s email application; Long Bridge will send the results to the client via email.

The conversion will be completed within 10 - 20 business days after the client successfully applies for the conversion. The specific time is subject to the processing efficiency of the clearing broker. Please wait patiently if the conversion to HK stock is still not completed after 20 business days.

6. What should I pay attention to?

• Conversion cannot be changed or canceled once initiated;
• Once the conversion is executed, the relevant shares and fees will be locked and deducted, and the shares cannot be sold/transferred/withdrawn during this period. The locking/deduction of shares may immediately affect the client’s total asset value, related margin value, risk control status, etc. The client is responsible for the associated market volatility, asset liquidity, financing, and other related (if any) risks;
• The conversion ratio varies from stock to stock. Take BABA as an example, 1 share of US stock: 8 shares of HK stock. If you have any questions, please contact our customer service.
• For your conversion to be successfully processed, please ensure that there are sufficient funds in your account to pay the fees.