360° Easy Payroll Services General Terms and Conditions: 1. Promotion Period is from 1 Jan 2017 to 30 Jun 2017 (both dates inclusive) ("Promotion Period"). 2. Dah Sing Octopus App Card refers to Dah Sing Octopus VIP App Card, Dah Sing Octopus YOU Banking App Card and Dah Sing Octopus i-Account App Card. Dah Sing Bank, Limited (the "Bank")'s transaction records of Dah Sing Octopus App Card's Automatic Add Value Service ("AAVS") shall be final and conclusive. Any un-posted AAVS transactions will not be counted. 3. All offers (except for the Member-get-member Programme Reward) are not applicable to the staff of Dah Sing Financial Holdings Limited, its subsidiaries and affiliates. Member-get-member Programme Reward is not applicable to the frontline staff of the Bank. 4. All offers cannot be used in conjunction with the Bank’s other promotional offers. 5. All offers are only applicable to primary account holder of the Payroll Account (please refer to Terms and Conditions No. 15 for definition of Payroll Account). Primary account holder refers to the “Applicant” mentioned in New Account(s) / Service(s) Application Form signed by the customer. For joint account, only the primary account holder is eligible for the offer. Besides, only those designated banking transactions (please refer to Terms and Conditions No.20) made by the primary account holder would be counted. 6. "Eligible Payroll Transaction" refers to customer’s Net Basic Salary Amount (please refer to Terms and Conditions No.7 for definition of Net Basic Salary Amount) deposited to the Payroll Account (please refer to Terms and Conditions No. 15 for definition of Payroll Account) according to the “Salary Credit Method” selected during application of 360° Easy Payroll Services ("Payroll Services"). The actual payroll deposit per transaction shall not be lower than the "Salary Credit Amount per Transaction" stated in the application form for Payroll Services. The minimum payroll deposit amount per transaction is HK$5,000 if the payroll deposit is made through autopay; while the minimum payroll deposit amount per transaction is HK$10,000 if the payroll deposit is made through standing instruction “S.I”. The date, the actual monthly Eligible Payroll Transaction amount being transferred to the Bank, actual payroll deposit method or other relevant information of the payroll transactions are subject to the Bank's record. In case of any disputes, the decision of the Bank shall be final and conclusive. 7. Net Basic Salary Amount refers to the salary amount after deducting contributions under Mandatory Provident Fund or recognized occupational retirement scheme, excluding any commission, extra allowance, overtime allowance, double pay, bonus, reimbursement, and / or other payment on top of the basic salary. 8. The relevant interest rates are for reference only and are not guaranteed. The Bank reserves the right to amend, suspend or withdraw the offers mentioned herein or amend these terms and conditions from time to time, without prior notice. In the case of any disputes, the decision of the Bank shall be final and conclusive. 9. For fees, charges, terms and conditions in relations to Account and other services, please refer to the “Master Terms and Conditions” and the “Bank Service Charges” of the Bank or contact Customer Service Officers of the Bank for details. 10. These terms and conditions shall be governed by and construed in accordance with the laws of Hong Kong SAR. 11. In the case of any discrepancy between the Chinese and English versions of this material, the Chinese version shall prevail. Terms and Conditions for 360° Easy Payroll Services Offers A. General Terms and Conditions 12. The offers for Payroll Services comprise the following promotional offers, which are subject to respective terms and conditions: Bonus Savings Interest Rate, Payroll Services Welcome Offer, Autopay Bill Payment Service Offer, Credit Card Welcome Offer, Member-get-member Programme Reward, Dah Sing Octopus App Card Welcome Offer and 52 -week Target Savings Offer . 13. Except for the Dah Sing Octopus App Card Welcome Offer, Credit Card Welcome Offer and 52 -week Target Savings Offer, the offers set out in Terms and Conditions No. 12 are only applicable to New Payroll Customer defined as below ("New Payroll Customer"). And the relevant offers will only be valid after the New Payroll Customer's first Eligible Payroll Transaction has been recorded by the Bank. PAY/WT&C/1701 | Dah Sing Bank, Limited |

i. Must not have signed up for Payroll Services of the Bank from 1 Jan 2015 to 31 Dec 2016 (both dates inclusive); ii. Must not have had any payroll deposit in any deposit accounts with the Bank from 1 Jan 2015 till the sign-up date for Payroll Services (both dates inclusive); and iii. Must sign up for Payroll Services and make Eligible Payroll Transaction during the Promotion Period. 14. New Payroll Customer must be the primary account holder of Payroll Account (please refer to Terms and Conditions No.15 for the definition of Payroll Account) and must be employed or retiree who is receiving pension on a regular basis (i.e. not applicable to self-employed persons, students, unemployed persons, retiree not receiving pension on a regular basis or housewives). 15. New Payroll Customer must sign up for Payroll Services during the Promotion Period and make payroll deposit in the HKD Current Account of VIP i-Account / YOU i-Account / i-Account maintained with the Bank ("Payroll Account") through autopay (please refer to Terms and Conditions No.17 for definition of autopay), or transfer salary from deposit account under the same name of the customer maintained with other bank to the Payroll Account through S.I.. 16. If any of the below situations has arisen in the customer’s Payroll Account for 2 consecutive months, he/she will no longer be entitled to any offers (if applicable) without prior notice. (The offers will not be applicable even if the customer uses the related services again in the future.) (i) has not had any monthly Eligible Payroll Transactions record; or (ii) the payroll deposit amount per transaction is lower than HK$5,000 if the payroll deposit is made through autopay or the payroll deposit amount per transaction is lower than HK$10,000 if the payroll deposit is made through S.I.; or (iii) the actual payroll deposit per transaction is lower than the "Salary Credit Amount per Transaction" stated in the application form for Payroll Services; or (iv) the payroll deposit method is different from the "Salary Credit Method" stated in the application form for Payroll Services. (If the customer wishes to change the salary credit method or salary credit amount, he/she must notify the Bank immediately to update the relevant payroll record.) 17. Autopay refers to the automatic payment arrangement pursuant to which customer's employer credits the customer's salary to customer's Payroll Account automatically as per the customer’s instruction. Owing to the variation in the autopay services adopted by different employers, and so the final decision of autopay as salary credit method should be subject to the Bank’s final transaction record. Cash deposit, cheque deposit and CHATS will not be accepted as autopay in relation to payroll payments. 18. The rewards for Payroll Services Welcome Offer, Autopay Bill Payment Service Offer, Credit Card Welcome Offer,Member-get-member Programme and 52 -week Target Savings Offer (if applicable) will be deposited to the customer’s eligible Dah Sing principal credit card account in the form of Dah Sing credit card free spending credit (“free credit card spending”). The eligible Dah Sing credit card account must be valid and in good standing status at the time of free credit card spending being deposited. Free credit card spending to be rewarded by individual offer is also subject to respective Terms and Conditions. Free credit card spending will be used for payment of new transaction items of the respective credit card; it is not transferable, refundable or cannot be exchanged for cash. If the customer has more than 1 eligible Dah Sing principal credit card, the reward would be deposited to the principal credit card with the latest card issued date according to the Bank’s record. If the customer does not have a valid Dah Sing credit card, he/she is required to successfully apply for a Dah Sing credit card and become the principal cardholder before the free credit card spending is being deposited, or else he/she will be regarded as forfeited the relevant rewards. B. Terms and Conditions for Bonus Savings Interest Rate: 19. New Payroll Customer can enjoy Bonus Savings Interest Rate until 31 Dec 2017. The Bank will not notify the customer by the end of the promotion period of Bonus Savings Interest Rate offer under Payroll Services promotion (if applicable). Bonus Savings Interest Rate is only applicable to the deposit in the Payroll Account. Interest is calculated daily on a simple interest basis and will be credited monthly. Interest will be credited to the Payroll Account in the subsequent month. For days fall on public holiday (including Sunday), Bonus Savings Interest would be calculated on the deposit amount in Payroll Account as of the preceding working day. If the customer has not had any monthly Eligible Payroll Transaction in the Payroll Account for 2 consecutive months, the Bonus Savings Interest Rate will be terminated and normal savings rate of VIP i-Account / YOU i-Account / i-Account will be applied to the Payroll Account without prior notice. For details of normal savings rate of VIP i-Account / YOU i-Account / i-Account, please refer to the Bank's website, www.dahsing.com. 20. The Bonus Savings Interest Rate of New Payroll Customer will be offered according to the deposit amount in the Payroll Account and the transaction record(s) in that Payroll Account in the respective month. PAY/WT&C/1701 | Dah Sing Bank, Limited |

Customer can enjoy the offer only if the designated transaction(s) (including payroll transaction record) are recorded after the effective date of the Payroll Services. For details in relation to deposit amount, please refer to Terms and Conditions No. 20(ii). The basic requirement is that New Payroll Customer must have Eligible Payroll Transaction record in the Payroll Account in the respective month. i. Except for transaction record of Type D, New Payroll Customer with any of the following types of transaction recorded in the Payroll Account will earn Bonus Savings Interest Rate based on the number of types used regardless of the number of transactions in each type: Bonus Savings Interest Rate (p.a.) Type of Transaction Record Via S.I. Via Autopay Type A: Execute at least one buy/sell transaction of HKD securities listed in Hong Kong that reaches HK$50,000 or above via i-Securities / Mobile Securities “Easy Trade” Platform, excluding IPO application (can choose to use Payroll 0.2% 0.4% Account or the savings account under the same i-Account as securities settlement account). Transaction amount refers to the gross transaction amount excluding brokerage and other relevant charges incurred. Type B: Dah Sing Octopus App Card’s reload record with AAVS transaction (the posting date recorded in Payroll Account shall be final); New Payroll Customer is required to activate the AAVS 0.1% 0.3% in respect of his / her Dah Sing Octopus App Card and designate the Payroll Account as the AAVS Account. Type C: Bill payment transaction with single transaction amount of HK$500 or above is recorded (only applicable to designating Payroll Account as debit account and autopay instruction being set up at the Bank’s branch and bill payment 0.1% 0.3% through “PayEasy Bill Payment”, “Fund Transfer within Dah Sing Bank” (only applicable to fund transfer to Dah Sing credit card or cash card) or “Settle Dah Sing Bank Payment” via either Dah Sing e-Banking or Mobile Banking). Type D: Retail spending transaction record with total transaction amount of HK$3,000 or above made by the principal cardholders and supplementary cardholders of Dah Sing credit card or debit card, but this is not applicable to other transactions including but not limited to balance transfer amount, bank handling fee (include but not limited to annual fee, financial 0.1% 0.3% charges, late charge, service fee for cash advance, etc.) during the month. Any unposted, cancelled, reversal or unauthorized transactions would not be counted as well. Transactions made by the supplementary cardholders would be counted towards the principal cardholders. The transactions record of Type B and Type D would be counted according to the Bank’s record and the posting date; while the rest of the transactions would be counted according to the date of transaction. Any unposted, cancelled, reversed or unauthorized transactions would not be counted. In case of any disputes, the decision of the Bank shall be final and conclusive. ii. Payroll Account with deposit amount of HK$100,000 or above can enjoy the Bonus Savings Interest Rate (p.a.) as follows, subject to a maximum Bonus Savings Interest per month of HK$1,500:

PAY/WT&C/1701 | Dah Sing Bank, Limited |

a. Payroll deposit is made through autopay Designated Transaction Record(s) in Payroll Account in the respective month Deposit amount in Payroll Account

HK$100,000 or above to below HK$800,000

HK$800,000 or above

Payroll only Payroll plus any 1 type of Type B,C or D Payroll plus any 2 types of Type B,C or D Payroll plus Type B,C and D Payroll and Securities Services (Type A) Payroll and Securities Services (Type A) plus any 1 type of Type B, C or D Payroll and Securities Services (Type A) plus any 2 types of Type B,C or D Payroll and Securities Services (Type A) plus Type B,C and D

0.5% 0.8%

0.7% 1%

1.1%

1.3%

1.4% 0.9%

1.6% 1.1%

1.2%

1.4%

1.5%

1.7%

1.8%

2%

Designated Transaction Record(s) in Payroll Account in the respective month Deposit amount in Payroll Account

HK$100,000 or above to below HK$800,000

HK$800,000 or above

Payroll only Payroll plus any 1 type of Type B,C or D Payroll plus any 2 types of Type B,C or D Payroll plus Type B,C and D Payroll and Securities Services (Type A) Payroll and Securities Services (Type A) plus any 1 type of Type B, C or D Payroll and Securities Services (Type A) plus any 2 types of Type B,C or D Payroll and Securities Services (Type A) plus Type B,C and D

0.4% 0.5%

0.5% 0.6%

0.6%

0.7%

0.7% 0.6%

0.8% 0.7%

0.7%

0.8%

0.8%

0.9%

0.9%

1%

b. Payroll deposit is made through S.I.

PAY/WT&C/1701 | Dah Sing Bank, Limited |

Example: If a New Payroll Customer who is the primary account holder for a VIP i-Account, uses Payroll Services in Jan 2017 and has Eligible Payroll Transaction record made through autopay, buy transaction record of HK$50,000 HKD securities listed in Hong Kong executed via Mobile Securities “Easy Trade” Platform, Dah Sing Octopus VIP App Card's AAVS transaction record, autopay of bill payment transaction record with an amount of HK$500 and made a single retail transaction amount of HK$3,000 by Dah Sing credit card; the Bonus Savings Interest Rate for deposit amount in Payroll Account of HK$900,000 is 2% p.a. in that month. Subsequently, if that customer only has Eligible Payroll Transaction record and Dah Sing Octopus VIP App Card's AAVS transaction record in Feb 2017, but without any other designated banking transaction record, the Bonus Savings Interest Rate for deposit amount in Payroll Account of HK$100,000 is 0.8% p.a. in that month. 21. Customer must maintain Payroll Services in the Payroll Account at the time of the Bonus Savings Interest being credited. Otherwise, the customer is forfeited the right to redeem the Bonus Savings Interest. The amount of Bonus Savings Interest is subject to the account type of customer on the last working day of the posting month with the transaction record(s). In case of any disputes, the decision of the Bank shall be final and conclusive. 22. The bonus interest is calculated on the basis of 365 days in a year (for both ordinary year & leap year). C. Terms and Conditions for Payroll Services Welcome Offer 23. New Payroll Customer who has Eligible Payroll Transaction records for 2 consecutive months within 3 months after signing up for Payroll Services can enjoy up to HK$600 free credit card spending. The amount of free credit card spending will be offered according to the type of Payroll Account, the actual monthly Eligible Payroll Transaction amount transferred to the Bank and the Salary Credit Method: Free credit card spending (HK$) Actual Monthly Eligible Payroll Transaction Amount Transferred to the Bank (HK$)

Payroll Deposit by Autopay VIP i-Account

$80,000 or above

YOU i-Account i-Account

$600

$300

Transfer Salary to the Bank by Standing Instruction VIP i-Account

YOU i-Account

$250

$150

$50,000 or above and below $80,000

$200

$100

$30,000 or above and below $50,000

$100

N.A.

$10,000 or above and below $30,000

N.A.

$100

N.A.

i-Account

N.A.

24. Each New Payroll Customer and each Payroll Account can only enjoy the offer once. If the actual monthly Eligible Payroll Transaction amount of the New Payroll Customer deviates from month to month, the free credit card spending will be calculated according to the customer's lowest actual monthly Eligible Payroll Transaction amount in the first 2 consecutive months. The amount of free credit card spending is subject to the account type of customer on the last working day of the month fulfilling the eligibility requirement. In case of any disputes, the decision of the Bank shall be final and conclusive. 25. The free credit card spending will be deposited to the New Payroll Customer’s eligible Dah Sing principal credit card account (please refer to Terms and Conditions No.18 for definition of eligible Dah Sing credit card) within 3 months after he/she has fulfilled the relevant criteria. Customer must maintain an eligible Dah Sing credit card, a valid payroll account and maintain Payroll Services in the Payroll Account at the time of free credit card spending being deposited. Otherwise, the customer is forfeited the right to redeem the free credit card spending. Customer is required to return the relevant free credit card spending to the Bank if he / she ceases to use Payroll Services within 6 months after signing up for Payroll Services. The Bank reserves the right to debit the relevant free credit card spending (HKD equivalent cash amount) from the Payroll Account without prior notice. D. Terms and Conditions for Autopay Bill Payment Service Offer: 26. Autopay Bill Payment Service Offer is only applicable to New Payroll Customer who sets up a new autopay instruction for bill payment and makes bill payment successfully. Each New Payroll Customer and PAY/WT&C/1701 | Dah Sing Bank, Limited |

  

27.

28.

each Payroll Account can enjoy a maximum of HK$1,000 free credit card spending. The definition of Eligible Autopay Instruction refers to the following: An autopay instruction which has no set-up and/or debit record in the Bank within 6 months prior to the set-up of such autopay instruction; New Payroll Customer set up such autopay instruction within 3 months upon signing up for Payroll Services in such Payroll Account (“Autopay Instruction Set-up Date); and Customer must make at least one successful bill payment transaction for paying bill amount of HK$500 or above (in a single transaction) using such autopay instruction within 3 months after Autopay Instruction Set-up Date. The amount of free credit card spending is subject to the number of Eligible Autopay Instruction newly set up for each merchant and the free credit card spending amount per instruction is HK$100, capped at HK$1,000. For example, if a customer set up the autopay bill payment for settling the bill of various Dah Sing credit cards, it would be regarded as one merchant. Free credit card spending will be credited to the New Payroll Customer’s eligible Dah Sing principal credit card account (please refer to Terms and Conditions No.18 for definition of eligible Dah Sing credit card) within 3 months after he/she has fulfilled relevant criteria. Customer must maintain an eligible Dah Sing credit card, a valid payroll account and maintain Payroll Services and autopay bill payment service in the Payroll Account at the time of free credit card spending being credited. Customer is required to return the free credit card spending to the Bank if he / she ceases to use Payroll Services and / or cancels the autopay instruction within 6 months after set-up of the autopay instruction. The Bank reserves the right to debit the relevant free credit card spending from the Payroll Account without prior notice.

E. Terms and Conditions for Credit Card Welcome Offer: 29. For details of the Credit Card Welcome Offer, please refer to the relevant promotional materials. F. Terms and Conditions for Member-get-member Programme Reward: 30. Promotion Period of the Member-get-member Programme Reward is from 1 Jan 2017 to 30 Jun 2017 (both dated inclusive) (“Referral Period”) and is divided into 2 Phases as stated in the table below. Referral Period 1 Referral Period 2

1 January 2017 to 31 March 2017 1 April 2017 to 30 June 2017

31. Free credit card spending will be offered to the Bank's existing customer (please refer to Terms and Conditions No.32 for the definition of the Bank’s existing customer) (“Referrer”) who successfully refers New Deposit Customer(s) (please refer to Terms and Conditions No.33 for the definition of New Deposit Customer) during the Referral Period. The amount of free credit card spending that the Referrer can enjoy is based on below table, subject to maximum of HK$6,000 free credit card spending for each Referrer in each Referral Period: Number of Successful Referrals Free credit card spending (per referral) 1 Referral HK$100 2 – 4 Referrals HK$150 5 Referrals or above HK$300 Maximum of HK$6,000 in each Referral Period 32. The Bank's existing customer refers to the existing customer of the Bank who has any deposit accounts maintained with the Bank. 33. New Deposit Customer refers to a customer who did not have any deposit accounts with the Bank 1 month prior to the account opening and newly opens a VIP i-Account / YOU i-Account / i-Account, signs up for Payroll Services and successfully applies for a Dah Sing Octopus App Card, with Eligible Payroll Transaction within 2 months and at least one Dah Sing Octopus App Card's reload record with AAVS transaction in the Bank within 3 months after signing up for Payroll Services during the Promotion Period. 34. Free credit card spending will be credited to the Referrer's eligible Dah Sing principal credit card account (please refer to Terms and Conditions No.18 for definition of eligible Dah Sing credit card) on or before Dec 2017 after the New Deposit Customer has fulfilled the relevant criteria. 35. Referrer must maintain an eligible Dah Sing credit card at the time the free credit card spending is credited, or he/she is forfeited the eligibility for the free credit card spending.

PAY/WT&C/1701 | Dah Sing Bank, Limited |

G. Terms and Conditions for Dah Sing Octopus App Card Welcome Offer: 36. For details of the Dah Sing Octopus App Card Welcome Offer, please refer to the relevant promotional materials. H. Terms and Conditions for 52-week Target Savings Offer: 37. For the details and relevant terms and conditions of the 52-week Target Savings Offer, please visit www.dahsing.com/deposit/TSD. I. Terms and Conditions for Bill Payment Services: 38. A handling fee is imposed for settling bills with credit card/ debit card to pre-registered merchants by means of "PayEasy" Bill Payment Services. Please refer to the "e-Banking Services" of the Bank Services Charges for details. J. Terms and Conditions for Free Banking Services and Privileges: 39. For details of the Free Banking Services and Privileges, please refer to the Terms and Conditions for VIP Banking, General Terms and Conditions for YOU Banking and General Terms and Conditions for i-Account.

Important Note: Securities Service Investment involves risks. The price of securities fluctuates, sometimes dramatically. The price of securities may move up or down and may become valueless. Losses may be incurred as well as profits made as a result of buying and selling securities. Customers should carefully consider whether the investment products or services mentioned herein are appropriate for them in view of their investment experience, objectives and risk tolerance level, and read the terms and conditions of relevant Securities Services before making any investment decision. For the information of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, please read the Information on Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (containing a section of Risks of investing through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect ). This document does not constitute any offer, invitation or recommendation to any person to enter into any securities transaction, nor does it constitute any prediction of likely future movements in prices of any securities. This document has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

PAY/WT&C/1701 | Dah Sing Bank, Limited |