Daiwa Capital Markets Hong Kong Limited (hereafter referred to as "the Company") collects personal information when you register for online polls or services on websites that the Company may manage from time to time. The Company adheres to the following "privacy policy" when handling such personal information provided by you and pledge to meet recognized standards of personal data privacy protection in compliance with Personal Data (Privacy) Ordinance.

1. Collecting Personal Information

When asking for personal information from users accessing our website(s) (hereafter referred to as "users"), the Company will disclose in advance the purpose of collecting such information.

Information may be requested under the following circumstances:

In order to provide or confirm the provision of services, or for billing purposes (if applicable), we may ask users to submit personal information such as name, address, telephone number, and e-mail address. In addition, we may ask for other information such as age, birth date, sex, field of work, and place of work in order to improve service and to provide pertinent information to users.

2. Purpose of Collecting Personal Information

The Company will only use personal information as necessary and in compliance with applicable laws during the course of its operations.

Information may be requested and used under the following circumstances.

The following are examples where personal information may be collected.

• To confirm the content of documents to be provided to users and to send requested information.
• To provide information and/or deliver reports listed on the website.
• To provide information, confirm registration and to send admission passes for Company events or seminars.
• To respond to on-line inquiries submitted by users.
• To thank users for participating in online questionnaires.
• To provide or improve products amd services already utilized by users and to develp new services.

The following are examples where personal information may be collected. In most situations, the information is requested in order to better provide or improve the products/services available to users on the website. The collected information is also used as statistical data, and as such, specific information about individuals shall not be disclosed.

• To improve services, websites and related visual information so that users are more satisfied by their website experience.
• To research the level of satisfaction felt by users in regards to services provided.
• To publish results of a study that is based on collected personal information and has been statistically analyzed.
• To understand usage conditions and to improve existing services or develop new ones.

3. Use of Personal Information

The Company will use personal information only for the purposes as outlined in Section 2. except under the following circumstances:

1. Usage with the prior consent of the user.
2. Usage in such a manner whereby specific customer information cannot be distinguished.
3. Usage as a result of request made under law.

4. Third-Party Disclosure of Personal Information

The Company shall not disclose personal information to any third parties except under the following circumstances:

1. Disclosure with the prior consent of the user.
2. Disclosure in such a manner whereby specific customer information cannot be distinguished.
3. Disclosure to corporate entities that have entered confidentiality agreements with the Company in order to effect any of the purposes of collecting personal information as outlined in Section 2.
4. Disclosure to affiliated companies of the Company where a response to an inquiry made on the website is more appropriate to be received from such entity.
5. Disclosure to financial institutions because it is necessary to verify payments or other transactions.
6. Disclosure because such request is made by law.
7. Disclosure because a rational determination is made to safeguard or protect the rights and assets of the Company.

5. Management of Personal Information

In order to prevent leaks, loss, misuse or unapproved modifications to personal information collected on websites, the Company implements a stringent security system. Personal information is stored in a safe environment that cannot be accessed by the general public.

As part of our operations, the Company from time to time contracts out the handling of personal information to firms that have signed a confidentiality agreement and have shown a high degree of trustworthiness. Even in these situations, the personal information is protected under the guidelines established by the Company.

6. Data Protection

The Company has a system design in place that allows users to browse our websites in a secure manner.

Security Protection

• SSL 128 bit encryption is used to protect any personal information provided on pages where such information is requested (e.g. various document order pages, inquiry page, etc.).
• Secure Socket Layer or SSL is a technology standard advocated by US-based Netscape which enables secure transmission of data between networks. SSL prevents theft and tampering of data by third parties.

7. Inquiries Regarding Personal Information

The following should be contacted if you have any questions or concerns regarding the protection of personal information on this website:
Compliance Department
Level 28 One Pacific Place
88 Queensway
Hong Kong

8. Compliance with Relevant Laws and Regulations

The Company complies with any laws and regulations that correspond to personal information.

9. Notices Regarding Changes to the Privacy Policy

From time to time, the Company may make changes to all or part of its privacy policy. If and when important changes are made, the Company shall publish details of such change on the website for a specific period of time.