According to the contract law of the people's Republic of China, the electronic signature law of the people's Republic of China, the security protection regulations of computer system and the service specification of the third party e-commerce trading platform and other relevant national laws and regulations, in order to clarify the rights and obligations of Party A and Party B, safeguard the legitimate rights and interests of both parties and control the market risks, Party A and Party B shall, in accordance with the intellectual property rights and interests of Hong Kong, control the market risks On the basis of following the principles of equality, voluntariness and reciprocity, the trading rules of the Hong Kong Stock Exchange (hkipx) and its relevant documents are as follows:

1、 Statement

（1） Party A voluntarily applies to become an investor member of Party B. before signing this agreement, Party A has carefully studied the hkipx trading rules (Trial) and relevant documents and regulations. Party B has made a comprehensive and detailed explanation on relevant issues. Party A has known the responsibilities and possible risks of participating in the intellectual property standardization transaction organized by Party B, and Party A will be strict In accordance with the rules and the files and regulations published by Party B, engage in the investment and trading activities of intellectual property standardized products;

（2） Party B shall provide Party A with network trading platform, transaction account, transaction terminal software and other relevant transaction and settlement facilities, and collect and pay relevant funds for Party A;

（3） Both parties take the transaction rules (Trial) and relevant documents and regulations as the criteria for transaction process control and risk control. Party A acknowledges that the power conferred on Party B by the trading rules (Trial) is necessary to ensure the performance of the contract and control the market risk, and voluntarily undertakes the obligations to Party B for exercising the above rights. In order to ensure the performance of the transaction and control the market risk, Party B will revise the relevant business rules according to the requirements conducive to the stable development of the market. Party A acknowledges and strictly abides by the business rules issued by Party B;

（4） Party A voluntarily adopts the electronic trading platform provided by Party B to save and modify the password. All transactions completed by using Party A's trading account and password shall be deemed as Party A's behavior, and Party A shall bear all transaction consequences. Party B solemnly reminds Party A to pay attention to the preservation and confidentiality of the account and password, and Party A shall bear all losses caused by the improper storage of Party A's account and password;

（5） Party B has the obligation to keep confidential the matters and transaction records entrusted by Party A, and shall not disclose them to any third party unless the competent state authorities comply with the legal procedures or with the written consent of Party A.

2、 Rights and obligations

（1） Rights of Party A

1. Party A has the right to enjoy the services provided by Party B for investor members, with reference to Party B's transaction rules, member management system and other relevant documents;

2. Party A has the right to enjoy the information services provided by Party B;

3. Party A has the right to cancel the investor membership obtained from Party B and bear all responsibilities and consequences arising therefrom;

4. Party A has the right to supervise the service of Party B, and at the same time, Party A has the right to call party B's official service telephone number, or log in to the official website for consultation or put forward opinions and suggestions;

5. Party A has the right to use Party B's approved investor member account and transaction client to conduct free transaction, and bear the transaction consequences;

6. If Party B disagrees with Party A's decision to become an investor member of Party B and other applications, Party A may consult Party B and apply again when the conditions are met.

（2） Obligations of Party A

1. Party A guarantees that it has read the trading rules (for Trial Implementation) and meets the requirements of the standard. It does not have any circumstances that prohibit or restrict Party B from becoming a member of Party B or from engaging in investment or trading as required by laws, regulations, trading rules and management systems of Party B;

2. Party A guarantees that all materials submitted to Party B are true, legal and complete. Party A shall bear all legal liabilities and transaction consequences arising from the defects of the submitted materials;

3. Party A guarantees that the source of funds invested on Party B's trading platform is legal;

4. Party A has the obligation to keep the account number, password, mobile phone number, email address, certificate number and other personal credit information on Party B's trading platform. The risk and loss caused by the disclosure and improper custody of the above personal credit information shall be borne by Party A itself;

5. Party A shall log in the personal account and download the trading software on the official website designated by Party B, and shall not log in and download through other links. All risks and responsibilities arising from Party A's logging into personal account and downloading trading software through links provided by other websites shall be borne by Party A itself;

6. Party A shall be fully responsible for the transaction orders issued by Party A's trading account. Once Party B executes the transaction order submitted by Party A through account and password, Party A has no right to request to change or cancel the transaction order;

7. Party A shall abide by the relevant rules and charging standards of the services provided by Party B. If Party B changes the relevant service rules and charging standards, it only needs to make an announcement on the website according to the provisions of this agreement, and it will take effect to Party A without separately notifying Party A. party a has no objection to this;

8. In case of any change in the registered credit information submitted by Party A when applying to become an investor member of Party B, Party A shall inform Party B in time and apply for change according to the change process formulated by Party B;

9. Party B may, according to the needs of business development, add, adjust or stop the service provided to Party A, and judge whether Party A needs to go through the confirmation procedures by itself. Party A has no objection to this and cooperates to complete it;

10. Party A shall conduct transactions in accordance with Party B's trading rules and shall not slander Party B

11. Party A agrees that Party B shall deduct the improper profits and its fruits from its account and / or suspend the services provided to Party A due to Party B's system failure, wrong account and other reasons;

12. Party A shall pay the transaction commission and other related fees in accordance with the provisions of Party B;

13. Party A has carefully read this agreement, especially the important clauses concerning Party B's exemption, and voluntarily abides by the terms of this agreement;

14. When Party A participates in the transaction of products launched by Party B, party a must understand and master the management system and trading rules of relevant products, and pay attention to the adjustment and supplementary provisions made by Party B at any time.

（3） Rights of Party B

1. Party B has the right to decide whether to approve Party A's application according to its requirements for investor members and Party A's personal assets and credit;

2. Party B has the right to adjust the service content, charging standards, membership management system, trading rules and other provisions, and has the right to upgrade and optimize the official website and trading software. The above information shall be effective to party a when it is published on the official website or business place without prior notice to Party A;

3. According to the needs of business development, Party B can add, adjust or stop the service content provided to Party A, and can determine whether Party A needs to go through the confirmation procedures by itself. If necessary, Party B can inform Party A through telephone, SMS, email, official website, etc. If not, Party B can handle the matter by itself;

4. In case of the following circumstances, Party B may freeze Party A's account, and have the right to make decisions according to the actual situation, such as canceling the membership of Party A's investors, transferring to the public security or judicial departments for handling, so as to protect its legal rights:

(1) The materials submitted by Party A are false, major omissions or major concealment, which seriously violate the management system and transaction system of Party B;

(2) Party A uses Party B's trading platform to engage in illegal activities;

(3) The source of Party A's investment fund in Party B is illegal;

(4) Party A denigrates Party B's reputation, or maliciously attacks Party B's website, trading software, etc;

(5) Party A does not act in accordance with the provisions of Party B, maliciously operates, damages or threatens the legitimate interests of Party B and others;

(6) Other behaviors that violate national laws and regulations, Party B's transaction system and management system, and damage the legitimate interests of Party B and others;

5. All transaction orders issued through Party A's account and password shall be deemed as issued by Party A. If Party B acts in accordance with the above transaction instructions, all consequences and negative effects shall be borne by Party A itself;

6. If Party B fails to timely and correctly execute Party A's transaction orders due to the following behaviors, Party B shall not bear any responsibility:

(1) Party A's transaction order is unclear and incomplete due to any reason;

(2) Party A's account has been frozen, deducted and other judicial enforcement measures;

(3) The funds in Party A's account are insufficient or the source of investment funds is illegal;

(4) Party A's transaction order is suspected for any illegal purpose;

(5) Party A fails to operate correctly in accordance with the requirements of Party B's relevant regulations;

(6) Security risks of Party A's account;

(7) Force majeure, network attack or virus attack, system failure, communication facility failure, power facility failure or other circumstances not attributable to Party B;

7. Party B shall not be liable for the risks and losses of Party A caused by any problems in the trading products invested by Party A;

8. When Party A obtains the rights and interests of the products, it shall be deemed that Party A agrees to authorize Party B to act as the sole agent to act as the custodian and insurance institution of the selected transaction subject matter, and handle the custody and insurance of the products on behalf of Party B. Party B shall publicize the above related matters to Party A.

（4） Obligations of Party B

1. Under the same conditions, Party B shall provide equal services for each investor member;

2. When there is no abnormality in the system and Party A's transaction orders, Party B shall execute Party A's transaction orders accurately and timely;

3. Party B shall give a serious and timely answer to Party A's investor member service related consultation;

4. Party B shall seriously maintain the safety and stable operation of the official website and transaction software;

5. Party B shall provide accurate transaction information to investor members;

6. Party B may use Party A's data and account transaction records within the scope permitted by law, required by regulatory authorities and agreed by Party A. Party B shall keep Party A's information and account transaction records confidential, unless otherwise stipulated by law or required by regulatory authorities.

3、 Duration of the contract

When this agreement is signed in the form of electronic text, Party A shall enter into the online account opening process of Party B by clicking "sign and agree". This Agreement shall take effect from the date of signing by both parties when written.

4、 Change and termination

（1） The announcement related to this agreement issued by Party B through the official website or other channels shall be an integral part of this agreement. In case of any conflict between the announcement and this agreement, the content of the announcement shall prevail;

（2） This Agreement shall be terminated after Party A's application, Party B's cancellation after confirmation or cancellation of Party A's investor's membership due to other reasons;

（3） Party B may unilaterally terminate or terminate this agreement in case of Party A's illegal, improper operation or other violation of laws, regulations, this agreement or Party B's relevant business provisions. Prior to the termination or termination of this agreement, the transaction orders previously issued by Party A are still valid, and the consequences of Party B's actions in accordance with the transaction orders shall be borne by Party A;

（4） The invalidity of any provision of this Agreement for any reason shall not affect the binding of other terms on both parties.

5、 Dispute resolution

（1） Matters not covered in the agreement shall be settled through negotiation with reference to relevant laws, Party B's business regulations or industry practices.

（2） Any dispute between Party A and Party B shall be settled through negotiation. If negotiation fails, either party may bring a lawsuit to the people's court where Party B is located.