IMPORTANT NOTICE: This document is important and requires your immediate attention.

15th July 2016

Dear Valued Customer,

Nanyang Commercial Bank, Limited ceasing to be the agent of Notional Precious Metals Passbook Account issued by Bank of China (Hong Kong) Limited ("BOCHK")

Thank you for using the services of Nanyang Commercial Bank, Limited ("we" or "Bank"). Please be informed that following a recent review of the Bank's business, the Bank will cease to be the agent of Notional Precious Metals Passbook Account issued by BOCHK ("BOCHK's Scheme") with effect from 17th September 2016 ("Migration Effective Date").
The Bank offers the proposed migration arrangement as described below to handle all existing assets (if any) under your Notional Precious Metals Passbook Account with the Bank (acting as the agent of BOCHK) for BOCHK's Scheme ("Existing Account") for your consideration.

Proposed Migration Arrangement
The Bank is committed in providing quality services to customers. To enable the Bank to continue to provide you with notional precious metals related services, you may open a new Notional Precious Metals Passbook Account ("New NCB Account") with the Bank under the Paper Gold Scheme and Paper Precious Metals Scheme offered by the Bank ("New Schemes"). Under this proposal ("Proposal"):
 

(a)	all existing assets (if any) under your Existing Account with the Bank for BOCHK's Scheme will be deemed to have been transferred to the New NCB Account with effect from and on the Migration Effective Date;
(b)	your Existing Account with the Bank for BOCHK's Scheme will be closed with a deemed zero balance with effect from and on the Migration Effective Date; and
(c)	upon your completion of certain account opening procedures as requested by the Bank, you are entitled to commence trading through the New NCB Account for the New Schemes starting from the business day immediately after the Migration Effective Date.

Neither the Bank nor BOCHK will charge you any fee for above implementation.

Before agreeing to the above proposed migration arrangement, you are advised to obtain, read and understand the (i) Principal Brochure ("Paper Gold Scheme", "Paper Precious Metals Scheme"), (ii) Product Key Facts Statement ("Paper Gold Scheme", "Paper Precious Metals Scheme") and (iii) Terms and Conditions ("Rules: Notional Precious Metals Account", "Conditions for Services") of the New Schemes.

Next step
Please fill in the consent form for migration arrangement ("Consent Form") if you agree to the above proposed migration arrangement. You may either return the duly completed original Consent Form to us in person at any of our Branches or by post to the following address:

151 Des Voeux Road, Central, Hong Kong

Upon the Bank's receipt of a duly completed original Consent Form, the Bank will then invite you to complete certain account opening procedures at any of our Branches or give you a follow up call for completion of certain account opening procedures. Please note that the Bank may accept or reject the account opening application at the sole and absolute discretion of the Bank.

Please be aware that the Bank will only process duly completed Consent Forms received on or before the 2nd September 2016.

If we have not received your duly completed Consent Form on or before 2nd September 2016 or you fail to complete the account opening procedures requested by the Bank, the Bank would not be able to provide the notional precious metals related services to you after the Migration Effective Date and your Existing Account would be handled in accordance with the following:

i) For the Existing Account with a zero balance as of the close of trading on 2nd September 2016
     Your Existing Account with the Bank for BOCHK's Scheme
     will be closed with a deemed zero balance with effect
     from 3rd September 2016.

     Neither the Bank nor BOCHK will charge you any fee for
     above implementation.

ii) For the Existing Account with a non-zero balance as of the close of trading on 2nd September 2016

(a)	All existing assets (if any) under your Existing Account with the Bank for the BOCHK's Scheme will be transferred to an Notional Precious Metals Passbook Account ("BOCHK Account") to be opened in your name with BOCHK directly (and no longer with the Bank acting as the agent of BOCHK for your investment under the BOCHK's Scheme), with effect from the Migration Effective Date;
(b)	your Existing Account with the Bank for the BOCHK's Scheme will be closed with a deemed zero balance with effect from the Migration Effective Date;
(c)	you are allowed to liquidate your assets in the BOCHK Account starting from the business day immediately after the Migration Effective Date; and
(d)	subject to the completion of certain procedures as requested by BOCHK, you are allowed to commence trading through the BOCHK Account starting from the business day immediately after the Migration Effective Date.
Neither the Bank nor BOCHK will charge you any fee for    above implementation.
Under this arrangement, we will transfer your personal    data back to the BOCHK for the purpose of executing    this transfer arrangement.

If you have any enquiries, please call our service hotline at (852) 2850 1090.
 

Yours faithfully
Nanyang Commercial Bank, Limited

This document does not constitute any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any investment products or services. Although investment may bring profit opportunities, each investment product or service involves potential risks. This document is issued by Nanyang Commercial Bank, Limited. Its contents have not been reviewed by any regulatory authority in Hong Kong.