IPO Subscription and Grey Market Trading (HK Stock)

1. IPO Subscription Fees

Futu Inc. supports two ways of IPO subscription

① Ordinary Subscription (including Cash Subscription and Futu Financing Subscription)

② Bank Financing Subscription

SubscriptionTypeFeesCharged by
Ordinary Subscription (Using Cash)CommissionHK$50 per orderFutu HK
Ordinary Subscription (Using Futu Financing)Futu financing interestThe annual interest rate of Futu Margin is the same as the   annual interest rate of HK stock margin account (usually 6.8% per   annum)     For details, please refer to the description of interest on margin   subscription. Regardless of whether you win the lot for IPO, margin interest   must be paid.Futu HK
Bank Financing SubscriptionSubscription feeHK$100 per order (Charged on behalf of the bank)Bank
Bank financing interestBank margin interest rate is as low as 1.6% per annum (subject   to fine-tuning of market capital when each stock is listed)     For details, please refer to the description of interest on margin   subscription. Regardless of whether you win the lot for IPO, margin interest   must be paid.Bank
Ordinary Subscription/Bank Financing   SubscriptionTransaction levy, Trading Feem Commission (only charged if you   win the lot for IPO)1.0077% * amount of winningSFC, HKEX, Futu HK

Notes:

①The interest generated by using Futu financing will be settled monthly with the financing account. The interest rate is the same as the HK stock financing interest rate (annualized 6.8%). Interest shall be calculated on a daily basis and shall not include in the IPO subscription fees;The final actual interest fee, please refer to the statement.

2. Grey Market Trading Fees

TypeFeesCharged by
Commission0.03% * transaction amount,minimum HK$3 per orderFutu HK
Platform FeesHK$15 per orderFutu HK
Settlement Fee0.002% *  transaction   amount,minimum HK$2,maximum HK$100HKEX
Stamp Duty0.13% *  transaction   amount,amount less than HK$1.00 will also be counted as HK$1.00.HK Gov
Trading Fee0.005% *  transaction   amount,minimum  HK$0.01HKEX
Transaction levy0.0027% *  transaction   amount,minimum  HK$0.01SFC
Trading System Usage FeeHK$0.5 per orderHKEX

Notes:

① Grey market transaction fees are unrelated to fee packages of ordinary HK stock and commission status, which will be charged according to Grey Market  Trading Fees.

② An order can be divided into multiple transactions but will only be charged once.

③ The transaction fees of valid orders before cancellation shall be settled according to the trading day. The transactions on the same trading day shall be regarded as one order, and the transactions on different trading days shall be regarded as different orders for charging.