Pre-opening Session trading

Our "Pre-opening Session Trading" ensures clients' orders can enter the market sooner than before. Through this mechanism, our trading system will:

1) automatically direct all new orders placed after market close on the previous trading day to the market at 09:00

2) accept and direct all new orders placed during 09:00-09:15

3) Clients wishing to place auction orders (without specified price) during the pre-order matching period at 09:15-09:20 are required to call our stocks trading hotline at (00852) 2532 1928 or 400 882 1066 (toll free).

During the Pre-opening Session, if the price of an order equals to or is more competitive than the final Indicative Equilibrium Price* (IEP), the order may be matched at the final IEP. Any unfilled orders, which do not deviate 9 times or more from the nominal price, will be carried forward to the continuous trading session.

* The Indicative Equilibrium Price (IEP) is the price at which the maximum number of shares can be traded if matching occurs at that time with the final IEP (if any) of each security determined at 09:50 HKT.