1. This offer is only available to clients who are trading US stocks with Phillip for the first time, meaning customers must not have previously traded US stocks through any Phillip platform (including POEMS, SATS, the "Phillip HK" App, or phone orders) before May 1, 2025, to qualify.
2. This offer exclusively applies to the account who have registered Local bank in Hong Kong as designed bank and have conducted at least one deposit or withdrawal transaction through this bank account.
3. Customers must use the latest "Phillip HK" mobile app to complete three times of US stock purchase transactions between May 1-31, 2025, and must apply for free US stock quotes.
4. Clients must maintain at least USD 3,000 in US stock assets (including ETFs but excluding cash) in their account for any 30 days (not necessarily consecutive) between May 1 and June 30, with daily net asset values calculated based on closing prices shown on statements.
5. The reward of 1 share of iShares Gold Trust ETF (IAU) will be distributed before July 15, 2025.
6. Phillip reserves the right to terminate the promotion early if response exceeds expectations without further notice, and maintains the right to adjust the promotion period at any time.
7. This offer is only applicable to personal accounts and does not apply to broker and employee accounts, CA accounts, joint accounts, corporate and institutional investor clients.
8. Phillip reserves the right to cancel, delete, replace, supplement or amend any relevant terms and conditions of this promotion without prior notice. Phillip reserves the right to make the final decision in case of disputes.
9. In the event of any difference in the interpretation or meaning between the Chinese and English version of this Term & Conditions, the Customer and the Company agree that the English version shall prevail.

Trading Activity Fee: Charged by the Financial Industry Regulatory Authority (FINRA). All member firms trading securities registered with US exchanges (excluding securities exempt from exchange registration under the 1934 Securities Exchange Act) are subject to this fee regardless of trading location. The fee is only charged on sell orders at US$0.000119 per share.
Clearing Fee: Charged by The Depository Trust Company (DTCC) and National Securities Clearing Corporation (NSCC) for securities settlement at US$0.003pershare(minimumUS$0.5 per transaction).