Notice to Customers Relating to the Personal Data (Privacy) Ordinance (the 'Ordinance')

1. From time to time, it is necessary for customers to supply Head & Shoulders Securities Limited with data in connection with the opening or continuation of accounts and the establishment or continuation of securities services or compliance with any laws or guidelines issued by regulatory or other authorities.

2. Failure to supply such data may result in Head & Shoulders Securities Limited being unable to open or continue accounts or establish or continue or provide securities services or comply with any laws or guidelines issued by regulatory or other authorities.

3. The purposes for which data relating to a customer may be used are as follows:

1. the daily operation of the services and credit facilities provided to customers;

2. conducting credit checks (including without limitation upon an application for credit (including margin finance) and upon periodic or special reviews of the credit;

3. ensuring ongoing credit worthiness of customers;

4. designing financial services or related products for customers' use;

5. determining the amount of indebtedness owed to or by customers;

6. collection of amounts outstanding from customers;

7. meeting the requirements to make disclosure under the requirements of any law binding on Head & Shoulders Securities Limited or under and for the purposes of any guidelines issued by regulatory or other authorities with which Head & Shoulders Securities Limited is expected to comply;