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Rule Update-Rules of the Exchange

Amendments for the purpose of reflecting the revision of the transfer fee for A-share trading as announced by China Securities Depository and Clearing Corporation Limited which came into effect on 29 April 2022 (effective date from 2 June 2022) (Marked-up version of amendments attached for information)

Amendments for the purpose of including in the Rules references to the new FRC Transaction Levy, which will come into effect on 1 January 2022 under the Financial Reporting Council Ordinance (Cap. 588) (effective date from 1 January 2022) (Marked-up version of amendments attached for information)

Amendments for the purposes of (i) facilitating the implementation of a listing regime for special purpose acquisition companies (each, a “SPAC”) in Hong Kong and (ii) extending the application of the enforcement measures relating to the compliance of the investor eligibility requirement relating to SPAC securities to that relating to STAR shares, ChiNext shares and debt securities listed on the Exchange under Chapter 37 of the Rules Governing the Listing of Securities on the Exchange (effective date from 1 January 2022) (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing a Kill Switch session to the trading system of The Stock Exchange of Hong Kong Limited (effective date from 1 November 2021) (Marked-up version of amendments attached for information)

Amendments for the purpose of reflecting the merger of the Main Board and the Small and Medium Enterprise Board operated by Shenzhen Stock Exchange which came into effect on 6 April 2021 (effective date from 11 June 2021) (Marked-up version of amendments attached for information)

Amendments for the purposes of, among others, implementing an enhancement to the Volatility Control Mechanism (“VCM”) in the securities market by allowing multiple triggers of a cooling-off period under the VCM (effective date from 29 March 2021) (Marked-up version of amendments attached for information)

Amendments for the purpose of aligning the investor eligibility requirement for the purchase of debt securities listed on the Exchange under Chapter 37 of the Rules Governing the Listing of Securities on the Exchange (“Main Board Listing Rules”) with that for debt issues under the same chapter of the Main Board Listing Rules (effective date from 3 February 2021) (Marked-up version of amendments attached for information)

Amendments for the purpose of facilitating the inclusion of eligible A shares listed on the STAR market of Shanghai Stock Exchange as eligible securities for northbound trading under Stock Connect with an investor eligibility requirement (effective date from 1 February 2021) (Marked-up version of amendments attached for information)

Amendments for the purpose of implementing the paperless initiative under which the relevant exchange or clearing house under Hong Kong Exchanges and Clearing Limited will (i) discontinue making available to a participant or other person hard copies of any rule book, user guide or rule update, and where applicable, (ii) discontinue issuing or re-issuing to a participant any certificate of participantship (effective date from 1 January 2021) (Marked-up version of amendments attached for information)

Amendments for the purpose of implementing various enhancements to the Pre-Opening Session in the securities market (effective date from 19 October 2020) (Marked-up version of amendments attached for information)

Amendments for the purposes of (i) enabling eligible A shares listed on the SSE STAR Market to be included for northbound trading under Shanghai Connect in due course and (ii) facilitating changes in home market rules that may from time to time be made by the Shanghai Stock Exchange and the Shenzhen Stock Exchange relating to quotation requirements and restrictions that need to be complied with in respect of northbound orders under Shanghai Connect and Shenzhen Connect (effective date from 24 August 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of facilitating the introduction of the risk alert arrangement to shares listed on the ChiNext Market by Shenzhen Stock Exchange (“SZSE”), as part of the enhancements announced by SZSE on 12 June 2020, by removing from the Rules the reference to the specific SZSE Markets on which shares may be placed under risk alert (effective date from 6 August 2020)  (Marked-up version of amendments attached for information)

Amendments for the purpose of facilitating the administration of the stamp duty exemption in respect of such transactions (effective date from 1 August 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of implementing the Master Special Segregated Account Services which are to be introduced by Hong Kong Securities Clearing Company Limited and under which fund managers, asset managers and investment managers will be able to have pre-trade checking on their sell orders conducted at an aggregate level (effective date from 10 July 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of reflecting the enhancements to the investor compensation regime in Hong Kong following the coming into effect of the Securities and Futures (Investor Compensation-Levy) (Amendment) Rules 2019, the Securities and Futures (Investor Compensation-Compensation Limits) (Amendment) Rules 2019 and the Securities and Futures (Investor Compensation-Claims) (Amendment) Rules 2019 on 1 January 2020 (effective date from 4 June 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of facilitating a further enhancement of the third party clearing arrangement by allowing an Exchange Participant which is a clearing participant to self-clear its Exchange Trades and appoint a General Clearing Participant (“GCP”) for the clearing of its China Connect Securities Trades provided that it is itself not a GCP registered for the clearing of China Connect Securities trades (effective from 20 April 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of requiring Exchange Participants who are ATS operators to report ATS direct business transactions on a trade-by-trade basis (effective from 20 April 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing a new spread table and continuous quoting market making obligations for Exchange Traded Products (effective date from 1 June 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing a China Connect monthly throttle subscription scheme in order to allow China Connect Exchange Participants to subscribe throttles on a monthly basis (effective from 6 February 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of implementing the recommended arrangements upon the announcement of “extreme conditions” by the Government under the “Code of Practice in Times of Typhoons and Rainstorms” issued by the Labour Department. In line with the recommended practice, the amendments provide that trading shall remain suspended even after cancellation of Typhoon Signal No. 8 if “extreme conditions” are in force, and shall only resume two hours after “extreme conditions” are cancelled (effective from 10 January 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing an investor identification regime for Southbound trading under Stock Connect (effective from 13 January 2020) (Marked-up version of amendments attached for information)

Amendments for the purpose of extending the existing price rule for the input of a direct business transaction to the input of any transaction concluded outside of the Exchange’s trading system during the Continuous Trading Session (effective from 18 November 2019) (Marked-up version of amendments attached for information)