Please be informed that SinoPac Securities (Asia) Limited has submitted an application to the Hong Kong Securities and Futures Commission (“SFC”) for reduction of Type 3 Regulated Activity (i.e. Leveraged Foreign Exchange Trading) Licence. The cessation of the licence will be effective upon approval by the SFC. Since the relevant business has been suspended since 16 June 2016, the cessation of the licence will have no impact on our clients. Other businesses of the company will continue to operate as usual.