2025 Silver Bond Refund Offers - ICBC (Asia)

*The above preferential fixed deposit interest rates (p.a.) are based on the interest rates (p.a.) announced by the Bank as of 10 October 2025 and for reference only. The interest rates maybe subject to revision as per prevailing market conditions. Deposits in different currencies, tenors, amounts and customer types will have different preferential time deposit interest rates. The Bank will confirm and advise you the final applicable interest rate at the time when the time deposit is placed.

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Investment involves risk. Promotion offers are subject to Terms and Conditions.

For details, please visit any of the Bank’s branches or call the Customer Service Hotline on 2189 5588.

General Terms and Conditions:

Industrial and Commercial Bank of China (Asia) Limited (“the Bank” or “ICBC (Asia)”) reserves the right to vary and/or terminate the Promotion at any time and to amend these Terms and Conditions from time to time.

The offer is only applicable to the customers who subscribe the Silver Bond Series HK$50,000,000,000 Retail Bonds due 2028 issued by The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (“Silver Bond”) during the initial public offering period (i.e. 15 September 2025 to 29 September 2025) with the Bank (“Eligible Customers”).

The offer is only applicable to the refund of the Silver Bond’s application monies (“Silver Bond Refunds”).

The Bank reserves the right to vary the Offer and/or these Terms and Conditions, or to terminate the Offer at its absolute discretion.

In case of dispute, the decision of the Bank shall be final and conclusive.

Any person or entity that is not a party to these Terms and Conditions shall have no rights under the Contracts (Rights of Third Parties) Ordinance (Cap. 623, Laws of Hong Kong) to enforce any part of these Terms and Conditions.

In case of any discrepancy between the English and Chinese versions of the Terms and Conditions, the English version shall apply and prevail.

“Time Deposit Preferential Interest Rate” Terms and Conditions:

The promotion period (the “Promotion Period”) is from 10 October 2025 to 24 October 2025 (both dates inclusive).

The Refund of “Silver Bond” Time Deposit Promotion (the “Offer”) is applicable to the retail banking personal customers who have subscribed for “Silver Bond” through Industrial and Commercial Bank of China (Asia) Limited (the “Bank” or “ICBC (Asia)”).

During the Promotion Period, Customers who set up a time deposit in the specified amount with a designated tenor (as shown in the above table) at branch by the refund amount of “Silver Bond” can enjoy the Offer. Each Customer may only select one tenor and can enjoy the offer once only in accordance with the preferential annual rate applicable to such selected tenor.

The preferential interest rate as referred to the above table is based on the interest rates (p.a.) announced by the Bank as of 10 October 2025 and is for reference only. The interest rates maybe subject to revision as per prevailing market conditions. Deposits in different currencies, tenors, amounts and customer types will have different preferential time deposit interest rates. The Bank will confirm and advise you the final applicable interest rate at the time when the time deposit is placed.

The time deposit NOT exceeding a term of five years is a deposit qualified for protection by the Deposit Protection Scheme in Hong Kong.

“0.5% Fund Subscription Fee Offer” Terms and Conditions:

The promotion period (the “Promotion Period”) is valid from 10 October 2025 to 30 November 2025 (both dates inclusive).

Eligible Customers can enjoy 0.5% subscription fee offer by using Silver Bond Refunds to make lump sum fund subscription during the Promotion Period.

0.5% fund subscription fee offer is up to an aggregate transaction amount of HK$3,000,000 or its equivalent.

The offer is only applicable to the fund subscription via branches but not applicable to the fund subscription via internet banking and mobile banking.

The offer is not applicable to fund switching and Fund Monthly Saving Plan subscriptions.

The offer cannot be used in conjunction with other fund related offer(s) of the Bank.

“HKD/RMB Exchange Rate Discount Offer” Terms and Conditions:

The promotion period (the “Promotion Period”) is valid from 10 October 2025 to 30 November 2025 (both dates inclusive).

Eligible Customers can enjoy 40 basis points exchange rate discount for exchanging Silver Bond Refunds to RMB at telegraphic transfer rates of each transaction date through the branches of the Bank during the Promotion Period.

The offer is only applicable for exchange through branches. Transactions conducted through Internet Banking or Mobile Banking cannot enjoy this offer.

Each Eligible Customer only can enjoy this offer once during the Promotion Period.

Risk Disclosures:

Investment involves risks. The prices of investment product fluctuate, sometimes dramatically. The prices of investment product may move up or down and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling investment. Past performance of any investment product is no guide to its future performance.

Investment Funds: When investment denominated in non-local currencies, please be aware of the risk of exchange rate fluctuations that may cause a loss of principal.

Foreign Exchange Risk: Currency conversion risk - The value of your foreign currency will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to foreign currency, you may suffer loss in principal.

Risks relating to RMB: The Chinese Renminbi is currently a restricted currency. Due to the exchange controls and/or restrictions which may be imposed by the PRC government on the convertibility or utilization of RMB from time to time, there is no guarantee that disruption in the transferability, convertibility or liquidity of RMB will not occur. There is thus a likelihood that you may not be able to convert the Chinese Renminbi received into other freely convertible currencies.

Important Notice:

The above risk disclosure statements cannot disclose all the risks involved. If you wish to obtain the comprehensive risk disclosure, please approach our branch staff for enquiries. Before making investment decision, you should thoroughly study the offering documents, financial reports and relevant risk disclosure statements issued by the issuer of the investment product(s). Further you should consider your own circumstances including financial position, investment experience and objective to ensure the investment is suitable for your particular investment needs and risk tolerance capacity. You should seek independent financial and professional advice before any trading or investment. This promotional material does not constitute an offer or solicitation for the purchase or sales of any investment products. This promotional material is issued by Industrial and Commercial Bank of China (Asia) Limited (the “Bank”) and the contents have not been reviewed by Securities and Futures Commission.

The Bank distributes the fund product for the fund houses and the fund product is a product of fund houses but not the Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the fund product should be resolved directly between the fund houses and the customer.

“ICBC (Asia)” or “The Bank” is the abbreviation of Industrial and Commercial Bank of China (Asia) Limited.