Level 3. Service Fee Management Policy Deutsche Bank (China) Co. Ltd

Transcription

1 Deutsche Bank Public Level 3 Service Fee Management Policy Deutsche Bank (China) Co. Ltd

2 Deutsche Bank Public Table of Contents 1. General Provisions 2. Definition and Principles 3. Complaint Handling 4. Review and Approval 5. Appendix: 5.1 Appendix 1: Loans Pricing of DB China 5.2 Appendix 2: Service Fees of Businesses of DB China 5.3 Appendix 3: Government-guided Price and Government-set Price Catelogue of Commercial Banks Service Fee Management Policy Deutsche Bank (China) Co. Ltd

3 Deutsche Bank Public 1. General Provisions 1.1 In order to strictly follow state laws and regulations, rules and relevant policies, provide better service to clients, and improve financial service level, Deutsche Bank (China) Co., Ltd ( DB China ) hereby formulates DB China service fee policy in light of relevant requirements of banking regulatory authority, PBoC and state price regulatory authority All branches and staff of DB China within the territory of P.R.C. China (excluding Hong Kong, Macau and Taiwan) shall abide by the Service Fee Policy ( the Policy ) The Policy is a fundamental document for DB China to formulate service fee standards, and an integral part of DB China management system Service fee collection standards of DB China implement government guided price, government pricing and market regulated price respectively in accordance with relevant requirement of laws and regulations, nature, characteristic and market completion of bank services. 2. Definition and Principles 2.1. Definition Commercial Bank Services herein refer to all types of services that commercial bank provides to - customers. Service Price herein refers to fees that commercial bank collects when providing services. Customers herein refer to the service objects of commercial banks For bank service items and standards that apply government pricing and government guided price, their benchmark price and floating range shall abide by relevant requirements of state laws and regulations Basic commercial bank service prices that implement government-guided price and governmentset price include: (i) Bank basic services that widely used by customers and critical to both the development of national economy and people's livelihood. Service Fee Management Policy Deutsche Bank (China) Co. Ltd

4 Deutsche Bank Public (ii) Commercial bank service price that price administrative authority formulate and adjust jointly with relevant banking regulatory authority formulate and adjust based on the impact of commercial bank service costs and prices on individuals, enterprises and institutions as well as market competition Other services provided by DB China other than government-guided price and government-set price shall implement market adjusted price. Service price that implement market regulated price shall be formulated and adjusted by DB China; and branches shall not violate provisions of HQ, or formulate or adjust service price at their discretion. For branches that need to implement different service price from HQ due to significant geographical differences, the service price should be formulated and published to the public by DB China HQ When formulating and adjusting market adjusted price, the bank shall follow below procedures: (i) BU proposes pricing strategy and principles for formulating relevant service prices; (ii) BU measures service costs and revenue for relevant service items; (iii) BU submits price suggestion to DB China ExCo for approval; (iv) BU formulates unified business introduction and publicity materials; (v) BU makes it public in obvious spot(s) of relevant premises; (vi) Publishes the price in obvious spot(s) of the DB China website Principles Service price behaviour of the bank shall strictly follow state laws and regulations, rules and relevant policies, and abide by the principle of openness, integrity and credibility. Service Fee Management Policy Deutsche Bank (China) Co. Ltd

5 Deutsche Bank Public The bank shall strictly follow provisions and business processes of credit management, conduct loans pricing according to state interest rate administrative rules, and abide by the following provisions: (i) Cannot transfer loans as deposits. Banks shall stick to the principle of entrusted payment, pay the counterparty of borrower directly in full amount, and shall not set terms or negotiate on transferring some loans as deposits. (ii) Cannot link deposits to loans. Loan business and deposit business of banking institutions shall be strictly separated, and deposits shall not be used as prerequisite of approving and granting loans. (iii) Cannot collect fees for granting loans. Banking institutions shall not ask clients to accept unreasonable intermediary business or other financial services and collect fees when granting loans or providing financing in other ways. (iv) Cannot collect interests as fees. Banking institutions shall abide by the principle of separating fees and interests, strictly divide up interest collection business and fees collection business, and shall not collect interests as fees or indirectly raise interest rates. (v) Cannot sell when granting loans. Banking institutions shall not sell financial products of wealth management, insurance and funds, etc when granting loans or providing financing in other means. (vi) Cannot float to the top. Loan pricing of banking institutions shall fully reflect capital costs, risk costs and management costs, and loan interest rate shall not be adjusted to the upper limit generally. (vii) Cannot transfer costs. Banking institutions shall bear relevant costs for due diligence and pledge appraisal, etc in loans and other businesses, and shall not transfer operation costs in form of fees to clients The bank shall strictly follow state policies and rules on financial service fees collection, and the following principles: (i) Compliance in fees collection. Service fees collection shall be reasonable and in compliance with the principle of unified pricing and catalogue management. (ii) Implement quality pricing. The principle of quality equals price shall be abided by in fees collection. Fees shall not be collected if no substantial service, benefits, products or services are provided to clients. Service Fee Management Policy Deutsche Bank (China) Co. Ltd

6 Deutsche Bank Public (iii) Transparency. The principle of transparency shall be abided by in service price. Price labels shall be used for each service. Banks shall carry out the obligation to inform clients the service content, method, function, result and corresponding fees collection standard. (iv) Reduction in fees collection. DB China shall apply fees reduction in line with state regulations. 3. Complaint Handling 3.1. Complaints for service fees of businesses shall be handled in compliance with requirements of relevant laws and regulations, complaint handling policies and processes of DB China. 4. Review, Approval and Reporting 4.1. DB China shall formulate service fees in line with relevant laws, regulations and the Policy, and review the service fee on annual basis Draft of revised service fee is subject to the approval of DB China ExCo, or co-signed off by DB China President and COO with DB China ExCo s authorization. 5. Appendix: Loans Pricing and Service Fees of Businesses of DB China 5.1. Appendix 1: Loans Pricing of DB China 5.2. Appendix 2: Service Fees of Businesses of DB China 5.3. Appendix 3: Government-guided Price and Government-set Price Catelogue of Commercial Banks Service Fee Management Policy Deutsche Bank (China) Co. Ltd

7 Deutsche Bank Public Appendix 1: Loans Pricing of DB China Overarching Loan Pricing Principles Governing FX and RMB Loans as per related regulations in China: - FX loan interest rates are at the Bank s discretion to decide based on interest rate changes in the international financial market, funding cost, risk discrepancies and so on - RMB loan interest rates are mainly market-driven unless regulated by PBOC otherwise. The guiding principles specific to each business are described as below, considering the discrepancy in clients and products by business segmentation in line with local regulatory requirements: GTB/WM Pricing principle: The price shall be made in accordance with laws and regulations and in line with market interest rate level and financing costs of the bank; it shall be competitive and meet the demand of clients. Trade Finance Pricing (GTB): - Basis: Relevant laws and regulations - Principle: 1) interest rate in accordance with laws and regulations 2) the cost of the fund 3) prevailing rate in the market 4) customer's requirement 5) customer's credit rating Service Fee Management Policy Deutsche Bank (China) Co. Ltd

8 Deutsche Bank Public GM Pricing principle: Structured loan rate is priced in line with cost of fund of the bank, and strictly comply with laws and regulations. The structure and price are competitive and meeting the demand of clients. PBC DB China PBC has stopped developing any new mortgage business since second half of 2008, and currently there are still some outstanding mortgage balances in JPY, HKD, USD and EUR. Mortgage pricing is mainly based on the risk factors and market environment, and will be subject to necessary adjustment as a result of changing funding cost of respective mortgage currencies. CPSG & CMTS CPSG s assessment of the loan pricing is an internal hurdle rate specific for the tenor/product/client. Based on the CPSG internal hurdle rate and taking into account aspects like the business case, overall client relationship, market situation at the specific time of loan and possible cross-sell opportunities etc., the final pricing is determined and offered to the client by CMTS Relationship Manager, after adding a suitable and reasonable profit element to the price. Occasionally when the CPSG hurdle rate cannot be achieved, the shortfall between Client rate and hurdle rate is paid to CPSG as a subsidy from the Product Sponsors of the loan i.e. the cross-sell beneficiaries of the client relationship. Service Fee Management Policy Deutsche Bank (China) Co. Ltd

9 Deutsche Bank Public Appendix 2: Service Fees of Businesses of DB China DB China Tariff en xls Appendix 3: Government-guided Price and Government-set Price Catelogue of Commercial Banks Government pricing cn.xls Service Fee Management Policy Deutsche Bank (China) Co. Ltd

10 Deutsche Bank (China) Co., Ltd Wealth Management - Pricing Schedule Ref No. Charging Item DOMESTIC FUND TRANSFER 1.1 (Transaction Fee) To DB China Other Account RMB (Bank Internal Fund Transfer Intra-city - within same bank System- IDMS) (Individual Account Only) RMB (CNAPS) max RMB RMB 2 (<=RMB 2,000) Inter-city / Intra-city - with RMB 5 (RMB 2,000 ~ 5,000] different banks RMB 10 (RMB 5,000 ~ 10,000] Government Guided Price: (Individual Account) RMB 15 (RMB 10,000 ~ 50,000] subject to Notice of the National Development and Reform Above 50,000 charge 0.03%, max RMB 50 Commission and the People's Bank of China RMB (CNAPS) max RMB RMB 5 (<=RMB 10,000) Inter-city / Intra-city RMB 10 (RMB 10,000 ~ 100,000] (Corporate Account) RMB 15 (RMB 100,000 ~ 500,000] RMB 20 (RMB 500,000 ~ 1,000,000] Above 1,000,000 charge 0.002%, max RMB FCY (T/T) Intra-city (Individual,Coporate Account) Charging Standard Inter-city equiv.usd 30 (subject to operation and management cost) (Individual,Coporate Account) To Account Opened with Other Banks RMB (CNAPS) max RMB RMB 2 (<=RMB 2,000) Intra-city / Inter-city RMB 5 (RMB 2,000 ~ 5,000] (Individual Account) RMB 10 (RMB 5,000 ~ 10,000] Government Guided Price: RMB 15 (RMB 10,000 ~ 50,000] subject to Notice of the National Development and Reform Above 50,000 charge 0.03%, max RMB 50 Commission and the People's Bank of China RMB (CNAPS) max RMB 200) RMB 5 (<=RMB 10,000) Intra-city / Inter-city RMB 10 (RMB 10,000 ~ 100,000) (Corporate Account) RMB 15 (RMB 100,000 ~ 500,000) RMB 20 (RMB 500,000 ~ 1,000,000) Above 1,000,000 charge 0.002%, max RMB 200 Intra-city FCY (Remittance Only) T/T (Individual,Coporate Account) Market-adjusted Price: Apply for WM client formulated by DB China Inter-city equiv.usd 30 (subject to operation and management cost) (Individual,Coporate Account) REMITTANCE OVERSEAS Inward Remittance T/T 1.2 (Transaction Fee) Outward Remittance T/T Remittance Out equiv. USD Amend/Inquiry equiv. USD 20 Deutsche Bank (China) Co., Ltd Wealth Management Charges Rationale Market-adjusted Price: Apply for WM client formulated by DB China Market-adjusted Price: Cancel of T/T Apply for WM client formulated by DB China (subject to operation and management cost) USD A/C USD Other A/C EUR 25/equiv FCY Cash Remittance 0.5% 0.1% Check Collection from overseas (Min. equiv. USD 10, Max equiv. USD 60) 2.1 In first year 2.2 AUM below USD 1 mio or equiv. after 1 year 2.3 ACCOUNT MANAGEMENT FEE Dormant Account Maintenance Fee (No movement within 12 months) RMB 5,000 or equiv. Market-adjusted Price: Apply for WM client formulated by DB China RMB 80 or equiv. (subject to operation and management cost) 2.4 Loan customers Bank Commission 0-5% p.a. on outstanding Entrusted loan amount Market-adjusted Price: 3.1 Apply for WM client formulated by DB China RMB / FCY ENTRUSTED LOAN (subject to market practise, client credit rating and credit Set-up Fee (one-off) RMB 0-50,000 tenor) 3.2 SBLC/BG Issuance SBLC/BG (Amendment) SBLC/BG (Issuance and Amendment Fee) Increase of SBLC/BG Amount Extension of SBLC/BG Validity Other Amendment Subject to the customer credit rating and tenor of the risk to take, with min. EUR 150/equiv. (if no legal wording review), or with min. EUR 300/equiv. (if there is legal wording review), max 2% p.a. Market-adjusted Price: Apply for WM client formulated by DB China The same rate as charged for SBLC/BG Issuance for (subject to market practise, client credit rating and credit the increased amount with min.eur 150/equiv. tenor) The same rate as charged for SBLC/BG Issuance for the extended validity with min. EUR 150/equiv., max 2% p.a. EUR 150/equiv.(if no legal wording review); EUR 300/equiv. (if there is legal wording review) Notes: 1. The Bank reserves the right to charge early withdrawal of Time Deposit. 2. The above Pricing Schedule except those regulated by government is subject to review and adjusts by Deutsche Bank. 3. Any services or transaction type not mentioned above should be subject to Deutsche Bank s pricing conditions without violating compulsory regulations. (e. g, the minimum RMB loan interest rate). 4. Updated on 22 Dec 2014 and effective from 22 Mar 2015 Deutsche Bank (China) Co., Ltd. Wealth Management

11 1 1.1 Tariff for Private Banking Account of Deutsche Bank (China) Co., Ltd. Private & Business Clients Services General Account Service Account Maintenance Remittance 2.1 Private Banking Clients CNY Outward Remittance FCY Outward Remittance Inward Remittance Remittance-Amend/Cancellation of T/T 2.2 Business Banking Clients Private Banking Clients Business Banking Clients CNY 2 (Transaction amount below CNY 2,000 (inclusive)) CNY 5 (CNY 2,000-CNY 5,000 (inclusive)) CNY 10 (CNY 5,000-CNY 10,000 (inclusive)) CNY 15 (CNY 10,000-CNY 50,000 (inclusive)) 0.03% of the transaction amount,max CNY 50 (above CNY 50,000) CNY 5 (For CNY10,000 or less) Tariff CNY 50 equivalent (For monthly average balance below CNY 200,000 equivalent 1 ) CNY 100 equivalent (For monthly average balance below CNY 80, 000 equivalent 1 ) 0.025% of the transaction amount(min CNY 25, max CNY 150),plus cable charge of CNY 120 (Corresponding bank charge will be burdened by clients 3 ) Charges Rationale Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC CNY Outward Remittance CNY 10 (For CNY100,000 or less) CNY 15 (For CNY500,000 or less) Government Guidance Price: subject to Notice of the State Planning Commission and the People's Bank of China CNY 20 (For CNY1,000,000 or less) 0.002% of the payment amount (Max CNY 200) (For CNY10,000,000 or less) FCY Outward Remittance 2 25 equivalent (Flat) 0.625% of the transaction amount (minimun USD 7 equivalent, maximum USD 65 equivalent), plus cable charge USD Inward remittance waive Amendment / Cancellation Instruction waive Other Services Other Account Services Certification of Deposit Within 12 months(inclusive) Statement Copy CNY 25 per copy Enquiry Audit Report Verification 12 months ago USD 10 equivalent per copy 3.2 Postage (Each 0.5kg) 4 CNY Mainland China Express (EMS) Other Areas/Countries CNY 350 Express (DHL) Market Regulation Price: Deutsche Bank (China) Pricing applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Remarks: 1.(1)Deutsche Bank (China) Co., Ltd.will charge the above account maintenance fee monthly if the daily balance of account of the customer in a calendar month is less than the amount required by "The Bank". (2)Monthly account maintenance fee will be waived for account closure 2.For USD overseas outward remittance, (1) If customer chooses "OUR" as payment method, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD 3.50 (if remittance amount is below USD 1 billion) or USD 3.95 (if remittance amount is equal to or above USD 1 billion) on behalf of Deutsche Bank's clearing bank in U.S.A. (2) If customer chooses "OUR" as payment method and with remarks of "/OUROUR/", that is, filling in "OUR" and "/OUROUR/" as payment method in remittance application form, besides collecting remittance fees in this tariff, Deutsche Bank (China) Co., Ltd.will collect USD on behalf of Deutsche Bank's clearing bank in U.S.A. In this case, the bank will bear all charges by transferring bank(s) and beneficiary's bank all through the remittance route. Customer will not be charged any more. 3.Any charges levied by other bank on the foreign currency inward transfer shall be borne by the customer. 4.The postage fee only applies to bank relative document posting. If the actual cost exceeds the amount, the customer shall bear the actual cost. Notes: 1.All charges are in CNY or relevant foreign currency, the charge will be made in CNY or in relevant foreign currency. 2.For any service or transaction type not mentioned in the above schedule, please refer to the announcement or interpretation made by The Bank from time to time. 3.Types of services and specifications may vary locally, please refer to Relationship Manager for details. 4. The English and Chinese version of the tariff have the same validity. In case of unclarity the Chinese version prevails. 5. This tariff is updated on 22 Dec 2014 and effective from 22 Mar Deutsche Bank (China) Co., Ltd. reserves the final interpretation right.

12 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Ref No. Fees Items Charges Standard 1 Cash Management Services 1.1 Account Services (Foreign Currency Accounts) A. Account Maintenance Account Opening Fee RMB Account Maintenance Fee Monthly Average Balance below USD10,000.- (or equivalent) RMB2000 (monthly charge) Monthly Average Balance USD10,000.- (or equivalent) or above RMB2000 (monthly charge) Deutsche Bank (China) Co., Ltd Global Transaction Banking Charges Rationale Account Audit RMB1000 per account Charges regulated by the market: Fax of Monthly Statement Local RMB50 per statement Overseas RMB200 per statement This tariff is formulated by the Deutsche Bank China Head office and only applicable to clients Standing instruction Set-up / Amendment RMB5000 of Global Transaction Banking Transaction Fee per actual Alternation of Signature List (Fees are charged per basis on management RMB500 or equivalent and running cost) Dormant Account Charge RMB1000 per account per month or equivalent Monthly Billing Setup Fee RMB2000 per account or equivalent Monthly Maintenance and Support RMB2000 per month per account or equivalent Tailor-made Account Report Additional Advices/Statements Equivalent to RMB1000 per account or RMB2000 per account per month EMS Delivery for Bank Advice/Statement Domestic (weekly delivery) RMB500 per month per account or equivalent Domestic (daily delivery) RMB2000 per month per account or equivalent International RMB1000 per account or equivalent Certificate of Balance Local RMB50 per certificate B. Payment International Payment Overseas Telegraphic Transfer RMB200 per certificate 0.3% of the payment amount, maximum USD200, plus cable charge of RMB 100 per payment Foreign Currency Draft (USD) Handling: USD50, Postage: at cost Amendment/Cancellation/Enquiry Telegraphic Transfer USD50, plus out of pocket expenses Foreign Currency Draft (USD) USD50, plus out of pocket expenses Cash Withdrawal 1%, Minimum USD C. Collection /Receipt International Receipt Telegraphic Transfer USD Foreign Currency Draft 0.1%, Min. USD20, Max. USD100, plus postage/cable at cost 1.2 Account Services (CNY Accounts) A. Account Maintenance Account Opening Fee RMB Account Maintenance Fee Monthly Average Balance below RMB100,000. RMB 2000 (monthly charge) Monthly Average Balance RMB100,000. or above RMB2000 (monthly charge) Account Audit RMB1000 per account Fax of Monthly Statement Local RMB50 per statement

13 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Ref No. Fees Items Charges Standard Overseas RMB200 per statement Deutsche Bank (China) Co., Ltd Global Transaction Banking Charges Rationale Standing instruction Set-up / Amendment RMB Transaction Fee per actual Cash Service Large Amount Cash Withdrawal 3% of the cash amount Note & Coin Counting 5% of the cash amount Alternation of Signature List RMB Dormant Account Charge RMB1000 per account per month Monthly Billing Setup Fee RMB2000 per account Monthly Maintenance and Support RMB2000 per month per account Tailor-made Account Report 7day call deposit Monthly outstanding balance summary report RMB200 per account or RMB1000 per account per month Over Draft Interest Report RMB200 per account or RMB1000 per account per month Additional Advices/Statements RMB200 per account or RMB1000 per account per month EMS Delivery for Bank Advice/Statement Domestic (weekly delivery) RMB500 per month per account Domestic (daily delivery) RMB2000 per month per account International RMB1000 per account Payment Password Device At cost B. Payment T/T CNAPS Remittance Charge RMB5 (<=RMB10000) Charges standardized by the government: RMB10 (RMB10000 ~ ) subject to Notice of the National Development and Reform Commission and the People's Bank RMB15 (RMB ~ ) of China RMB20 (RMB ~ ) % max. RMB200 (>RMB ) BEPS Remittance Charge RMB Voucher Cost RMB Corporate Cheque Voucher Cost RMB0.4 Government Pricing Handling Fee RMB1 Charges standardized by the government: In-city Giro (paper-based) Voucher Cost RMB0.22 subject to Notice of the National Development and Reform Commission and the People's Bank Handling Fee RMB1 of China In-city Giro (electronic) Handling Fee RMB Cashier's Order Voucher Cost RMB0.48 Government Pricing Charges standardized by the government: Issuance Fee RMB1 subject to Notice of the National Development and Reform Commission and the People's Bank of China Bank Draft Voucher Cost RMB0.48 Government Pricing Issuance Fee RMB1 Charges standardized by the government Tax Payment via TIPS Remittance Charge Charges regulated by the market: Same as CNAPS Remittance Charge subject to Notice of the National Development Setup Fee RMB5000 and Reform Commission and the People's Bank of China Monthly Fee RMB5000 (Fees are charged per basis on management Cross-border RMB outward payment 0.3% of the payment amount, maximum USD200, plus cable charge of RMB and running cost) 100 per payment Others Cancellation / Amendment of T/T Same as T/T charge Charges standardized by the government Lost of Corporate Cheque / Cashier's Order / Bank Draft 0.1%, min. RMB5 Government Pricing Amendment/Cancellation/Enquiry for Cross-border RMB payment RMB2000 or equivalent, plus out of pocket expenses Charges regulated by the market

14 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Deutsche Bank (China) Co., Ltd Global Transaction Banking Ref No. Fees Items Charges Standard Charges Rationale C. Collection /Receipt T/T Waived Charges standardized by the government: Corporate Cheque Waived subject to Notice of the National Development and Reform Commission and the People's Bank Giro Waived of China Cashier's Order Waived Bank Draft Waived Collection of Commercial Draft In-city Collection & Cross-city Collection Handling Fee RMB Voucher Cost RMB Postage RMB20 via mail / RMB100 via EMS Draft Verification Service Setup Fee RMB10000 Charges regulated by the market: Service Fee RMB10000 per month or RMB500 per draft This tariff is formulated by the Deutsche Bank China Head office and only applicable to clients Cross-border RMB inward payment RMB 100 or equivalent of Global Transaction Banking 1.3 Electronic Banking / Multi-bank Services A. Electronic Banking db-direct Internet License Waived (Fees are charged per basis on management and running cost) Training RMB2000 per hour, plus out of pocket expenses Setup, Implementation RMB Support and Subscription RMB5000 per month System Integration RMB Password Reset RMB Signature Cards for Remote Authorization Per Card RMB1000 per card Loss/Re-issue (per card) RMB1000 per card Smart card and reader for online authorization RMB1000 per set ( RMB700 for the reader and RMB300 for the smart card) Alert Service Setup Fee RMB Maintenance Fee RMB5000 per account per month

15 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Deutsche Bank (China) Co., Ltd Global Transaction Banking Ref No. Fees Items Charges Standard Charges Rationale SMS Alert Service Setup Fee RMB Service Fee RMB 5000 per account per month or RMB3 per SMS Mobile Authorization Setup Fee RMB Maintenance Fee RMB1000per account per month B. Multi-bank Service Multi-bank Service Set up (per entity) RMB Monthly fee (per entity) RMB Receiving SWIFT MT940/MT942 RMB1200 per account per month Sending SWIFT MT940/MT942 to DB overseas branches RMB5000 per account per month Sending SWIFT MT940/MT942 to Third Party Banks RMB10000 per account per month 1.4 Liquidity Management Service RMB/FCY Entrusted Loan Bank Commission 3% p.a. on outstanding entrust loan amount Set-up fee (one-off) RMB RMB/FCY Cash Sweep Bank Commission 3% p.a. on outstanding entrust loan amount Set-up Fee RMB Amendment Fee RMB Monthly Charge (per account per month) RMB db-sweep MIS report (value-added service) - via db-direct internet db-sweep MIS report (value-added service) - paper based RMB1000 per month Daily RMB2000 per month Weekly RMB1000 per month Monthly RMB500 per month RMB/FCY Cross-Border Cash Sweep Set-up Fee RMB Monthly Charge (per account per month) RMB Other Value-added Service Payer ID Solution Setup Fee RMB Service Fee RMB 5000 per account per month Cheque Outsourcing Setup Fee RMB Service Fee RMB100 per cheque or RMB10000 per account per month Warehousing Service Setup Fee RMB Service Fee RMB1000 per draft or RMB50000 per account per month Auto Advicing Setup Fee RMB Service Fee RMB2000 per account per month Payroll Service Setup Fee RMB Service Fee RMB5 per payment, excluding transaction cost Special Account Service Setup Fee RMB Service Fee RMB50000, or 1% of the account principle Safe Custody Account for Foreign Student Account Opening handling fee RMB1200 per account for tenor < 1Y RMB 850 per account for tenor >=1Y Recertification RMB100 per account 1.6 Other Services Charges will be based on specific circumstances of clients and transactions 2 Trade Finance Services

16 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Ref No. Fees Items 2.1 Bank Acceptance Draft Charges Standard Deutsche Bank (China) Co., Ltd Global Transaction Banking Charges Rationale Charges standardized by the government: Acceptance fee subject to Notice of the National Development 0.05% of draft value and Reform Commission and the People's Bank of China 2.2 RMB Draft Discounting discounting rate subject to market 2.3 RMB Electronic Draft System Charges regulated by the market: Electronic Draft System License Waived Training RMB5000, plus out of pocket expenses This tariff is formulated by the Deutsche Bank China Head office and only applicable to clients Setup, Implementation RMB5000 of Global Transaction Banking Maintenance and Support RMB p.a (Fees are charged per basis on management USB Key & Digital Certificate(new or loss ) and running cost) RMB 600 per set USB Key Password Reset RMB 500 Charges standardized by the government: Message Fee Waived subject to notice from People's Bank of China 2.4 SBLC/BG SBLC/BG Issuance SBLC/BG Issuance(with counter guarantee ) SBLC/BG Issuance( without counter guarantee) Subject to the customer credit rating and tenor of the risk to take, with min. EUR150/equivalent (if no legal wording review), or with min. EUR300/equivalent (if there is legal wording review), max. 2% p.a. Subject to the customer credit rating and tenor of the risk to take, with min. Charges regulated by the market: USD60/RMB390, max. 2% p.a SBLC/BG Amendment Increase of SBLC/BG Amount (with counter guarantee) This tariff is formulated by the Deutsche Bank The same rate as charged for SBLC/BG Issuance for the increased amount with China Head office and only applicable to clients min. EUR150/equivalent, max. 2% p.a. of Global Transaction Banking Extension of SBLC/BG Validity(with counter guarantee) The same rate as charged for SBLC/BG Issuance for the extended validity with (Fees are charged per basis on management min. EUR150/equivalent, max. 2% p.a. and running cost) Other Amendment (with counter guarantee) EUR150/equivalent (if no legal wording review); EUR300/equivalent (if there is legal wording review) Increase of SBLC/BG Amount(without counter guarantee) The same rate as charged for SBLC/BG Issuance for the increased amount with min. USD40/RMB260, max. 2% p.a Extension of SBLC/BG Validity(without counter guarantee) The same rate as charged for SBLC/BG Issuance for the extended validity with min. USD40/RMB260, max. 2% p.a Other Amendment (without counter guarantee) USD40/RMB Import LC Issuance LC Issuance 0.15% for each validity of three months or part thereof, with min.usd40/rmb LC Amendment Increase of LC Amount 0.15% of increased LC amount with min. USD40/RMB Extension of LC Validity 0.15% of LC amount for the extended validity with min. USD40/RMB Amend other LC Terms USD45 flat/rmb Cancellation of LC Cancellation of LC USD40/RMB Import Bills Handing commission 0.125% of bills amount with min.usd40/rmb Discrepancy Fee USD90 flat/rmb Deferred payment commission Subject to arrangement, 0.1% per month Min. USD40/RMB260 as reference Acceptance commission Subject to arrangement, 0.1% per month Min. USD40/RMB260 as reference Holding charges on overdue bills USD35/RMB230 per month Payment/Reimbursement Fee for import bills (including LC & non- LC USD90/RMB600 per bill import bills) 2.6 Export Export LC Advising (excluding courier charge) Pre-advising USD30/RMB200 per LC LC Advising USD30/RMB200 per LC LC Amendment Advising USD30/RMB200 per LC amendment

17 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Deutsche Bank (China) Co., Ltd Global Transaction Banking Ref No. Fees Items Charges Standard LC Cancellation Advising USD30 flat/rmb200 per LC in addition to cable charges Charges Rationale Confirmation of LC Sight LC Confirmation Subject to the type of risk undertaken; dependent upon the risk of issuing bank and issuing country. Except that the pricing is subject to TPS Approval Procedure, minimum confirmation fee should not be less than USD200/RMB1300, max. 10% p.a. Detail calculation refers to Regional Policy on the calculation of LC confirmation fee Deferred Payment LC Confirmation Subject to the type of risk undertaken; dependent upon the risk of issuing bank and issuing country. Except that the pricing is subject to TPS Approval Procedure, minimum period for the calculation should be for at least a period of one month and minimum fee should not be less than USD200/RMB1300, max. 10% p.a. Detail calculation refers to Regional Policy on the calculation of LC confirmation fee Cancellation LC Confirmation USD25 flat/rmb170 in addition to cable charges Handing Commission for Export Bills LC bills 0.125% of bills amount with min.usd50/rmb Non-LC bills collection 0.125% of bills amount with min.usd50/rmb Holding charges on overdue bills USD35 flat/rmb230 per month Transfer of LC Full transfer with or without substitution USD50flat/RMB Partial transfer with or without substitution 0.15% of bills amount with min. USD50/RMB Amendment of transferred LC with amount increase 0.15% of bills amount with min. USD50/RMB Amendment of transferred LC without amount increase or cancellation of transferred LC USD50flat/RMB Commission in lieu of exchange Commission in lieu of exchange 0.125% of bills amount with min.usd10/rmb Miscellaneous Charges Postage Domestic speedpost(ems and other Couriers) USD8 flat/rmb50 flat HK,Macau,Japan and South Korea USD30 flat/rmb Africa, Middle East and East Europe USD50 flat/rmb Other Regions USD45 flat/rmb Cable Charges Cable Charges USD25/RMB170 per page 2.8 Electronic Banking db-direct Internet Setup, Implementation RMB5, FSC portal implementation RMB50, Training RMB5,000, plus out of pocket expenses Support and Subscription RMB5,000 per month System Integration RMB50, Password Reset RMB Signature Cards for Remote Authorization Per Card RMB1,000 per card Loss/Re-issue (per card) RMB1,000 per card Smart card and reader for online authorization RMB700 per set (RMB460 for the reader and RMB240 for the smart card) Export Documents Creation Outsourcing USD500 or equivalent per set for one transaction InfoTr@ck Setup (stand-alone) USD1,000 or equivalent 2.9 Other Services Charges will be based on specific circumstances of clients and transactions 3 Custodian Custodian custodian fee 0.02% % of asset value per month Transaction transaction execution commission USD10-50/transaction per month 3.3 Other Services Charges will be based on specific circumstances of clients and transactions

18 Ref No. 4 Deutsche Bank (China ) Co. Ltd/Global Transaction Banking Department-Tariff Fees Items Global Transaction Banking Valueadded Services Charges Standard Pricing for value added services to corporate clients are outlined in contract format and pricing is determined based on service type. Maximum RMB 200,000/ Year Deutsche Bank (China) Co., Ltd Global Transaction Banking Charges Rationale Remarks: 1. The above tariff rate and fees items will be adjusted based on specific circumstances of clients and transactions. 2. The bank will strictly follow regulatory mandatory requirements on the related charges, while the bank may have fees discount or return to our clients based on the specific circumstances of clients and transactions. 3. The above fees will be charged under the specified currency formulated by the bank 4. "Global Transaction Banking Value-added Services" can only be approved if the following requirements are fulfilled a. Terms and Conditions clearly describing the "Service Fee" shall be included in legal documents and customers agree in written b. Quality service shall be provided and monitored on day-to-day basis. The following service types provide a guideline when assessing whether "Service Fee" can be levied. - Analyze customer's working capital requirement and propose a most suitable facility structure - Regular review of customer's the facility structure and provide advice for improvement - Provide "DB Research" report to customers on regular basis - Provide briefing/updates of new regulations on regular basis - Other value added services that help customers to improve banking related activities 5. Updated on 22 Dec 2014 and effective from 22 Mar 2015