Introduction   Features  User's Guide  Deferred Transactions  Operating Procedure

Important Information  Risk Notice

【Introduction】

Personal Gold Trading Services is an agency service provided by Industrial Bank which allows clients to buy and sell gold in the Shanghai Gold Exchange (SGE). As a bank member of the SGE, the Industrial Bank also provides agency services for fund clearing and delivery settlement.

Aiming to meet the increasingly diverse demands of investors, the Industrial Bank expanded its existing gold trading services to become the first bank in China to offer deferred-delivery gold products (traded with margins) from the Shanghai Gold Exchange (SGE) to personal bankers on January 19, 2009. The service is available on a nationwide basis.

【Features】

Multiple Channels

The Industrial Bank's gold trading services are available through the bank's online banking service, mobile banking service and over the counter in bank outlets. (Forward gold products are currently unavailable with mobile banking).

Comprehensive Range of Products

A full range of SGE products, both physical and forward, are available through the Industrial Bank, including AU 100g , AU99.99, AU99.95, AU (T+D), AU (T+N1) and AU (T+N2). Such a wide range of products can effectively meet the needs of different clients.

Highly Advanced System

The Industrial Bank's gold trading system has recently been upgraded with a more user friendly interface and enhanced stability.

Transparent Prices

Quotations are synchronized with the SGE in real time and all information is disclosed.

Low Rates

SGE rates are strictly adhered to and different preferential offers are granted to clients according to trading volume or deposit amount.

Easy Transactions

Clients can buy and sell their gold on the same day. T+0 transaction and clearing is in position to serve client demands for frequent trading.

Delivery Guarantee

Clients can collect their gold from any of the 50 vaults designated by SGE nationwide. The quality of purchased gold is guaranteed by SGE.

Personal bankers are not required to pay storage fees at present.

Fund Security

As a designated clearing bank of the SGE, the Industrial Bank provides dedicated account management for clients' funds to ensure security.

【User's Guide】

Commodity types available for trading: Au 100g , Au99.99, Au99.95, Au (T+D), Au (T+N1), Au (T+N2)

Quotation unit: RMB/g, rounded to two decimal places.

Trading unit: The trading unit for all varieties will be lot: for Au99.95, Au (T+D), Au (T+N1) and Au (T+N2), the unit is 1,000g /lot, for Au99.99 and Au 100g the unit is 100g /lot.

Delivery unit: 1,000g or its integral multiples for AU99.99; 100g or its integral multiples for AU 100g ; and 3,000g or its integral multiples for Au99.95.

For Au (T+D), Au (T+N1) and Au (T+N2) the variety assigned for delivery is Au99.95 (or AU 99.99 in substitution). Minimum delivery amount: one lot. After the delivery, clients may request physical gold as per the collection volume requirements for the specific varieties.

Trading channels: Internet banking service, mobile phone banking service or over the counter at IB branches.

Trading Hours:

The trading hours of the SGE:

8:50 PM -2:30 AM, Monday to Thursday

9:00 AM -11:30 AM, Tuesday to Friday (8:50 AM -11:30 AM on Monday)

1:30 PM -3:30 PM, Monday to Friday

(The first ten minutes of each day of trading is competitive bidding time for deferred contracts. Physical gold products are not a part of competitive bidding.)

Times for trading and competitive bidding are subject to alteration as stipulated by the SGE.

Collection Requisition Hours:

Over the Counter: Business hours of IB outlets

Internet Banking: 24 hours, Monday to Friday (national holidays excluded)

(The information provided above is subject to alteration. In this case, the rules announced by SGE shall apply)

【Deferred Gold Transactions】

What is Deferred Gold Trading?

Deferred gold trading is a margin trading mode in which a client may either make delivery on the date of contract transaction or defer the delivery with the introduction of a deferred compensation charge (deferred charge for short) to stabilize the conflict between supply and demand.

Trading Rules

Note: The trading rules listed above are provided by SGE (www.sge.com.cn), and are subject to future changes by SGE.

【Operating Procedure】

1. To activate gold trading services, personal bankers are required to fill in Application Form for Individual Gold Trading Service Provided by IB and sign an Agreement on Individual Gold Trading Service Provided by IB after opening an IB wealth management card and valid proof of identification at the IB branch office where the account was opened. (Clients that have previously entered into an agency relationship with any other member must terminate such relationship first and inform IB of the original gold trading code when signing the agreement over the counter).

2. Clients who have had an Industrial Bank internet banking digital certificate installed on their PCs may activate gold trading services through the internet banking service (Clients that have previously entered into an agency relationship with any other member must terminate such relationship first and enter the original gold trading code when opening the account).

3. Clients can start trading gold over IB counters or through the internet banking or mobile phone banking service the day after opening an account.

4. Clients that wish to collect their gold may submit a delivery requisition over the counter in IB branches or through the internet or mobile phone banking services based on the volume in stock and your actual needs. IB staff will contact you promptly to go through the collection procedures.

【Important Information】

1. The trading time, trading unit, delivery unit and other information given above are provided by SGE and are subject to future alteration by SGE.

2. According to the rules of SGE, physical gold may not re-enter the SGE trading system or storage once it has been drawn-out by individual clients. IB does not offer gold buy-back services at present.

3. Your individual gold trading code assigned by SGE is both unique and permanent, so please remember to memorize it.

【Risk Reminder】

Gold trading, especially deferred gold trading, can bring high investment returns. However, there are also substantial risks involved, and gold trading can also result in huge losses that could be larger than the sum of the initial margin and variation margin you deposit at IB. Investing in gold entails certain risks, so please think carefully before you decide to invest.