China Development Financial Holding Corporation, its subsidiaries and affiliates (hereinafter as the "Group" ) have always put much emphasis in safeguarding the clients' data. For the purpose of providing diversified and comprehensive financial products and services, the Group has stipulated and announced on its official websites the "Privacy Policy of Using Clients' Data while Engaging in Cross-selling" in compliance with the "Self-Disciplinary Rules of Financial Holding Company and its Subsidiaries" and "Computer-Processed Personal Data Protection Law" . The Group hereby declares that it will follow the principles as described below to protect the rights and interests of the Group's clients while collecting, handling and using the client's data.
1. Collection of Clients' Data The Group may obtain and maintain clients' data because the clients have been the existing customers of the Group, or have ever used or accepted the Group's services provided through the Group's staff, telephone calls, internet or other ways that may be obtained legally and publicly by the Group.
2. Storage and Maintenance Methods of Clients' Data The Group will strictly comply with the principle of safety and confidentiality to safeguard the clients' data. In addition to the safety controlling equipments and mechanism, the Group also sets up a backup storage in another place so as to maintain the clients' data in a safe and sound condition and continuously provides the clients with good services in the event of emergency or disasters.
3. Safety and Protection Methods of Data After obtaining the clients' data, the Group will file and store them in the database in accordance with the relevant operation standards. The entrance and using of the database shall be managed by a designated person pursuant to its authority and function of business, and the firewalls have been set up to prevent the invasion of external messages and to control the transmission of internal messages in order to protect the clients' data from any unauthorized or illegal acquisition or any destroy.
4. Classification, Scope and Items for Usage of Clients' Data The clients' data means the clients' basic information, accounting information, credit information, investment information, insurance information and etc. The Group shall comply with the rules and regulations prescribed by the competent authority, the relevant industry associations or any other organizations which have authority of governing the Group's business activities in respect of using and disclosing of clients' data while cross-selling is conducted between or among the subsidiaries and affiliates of the Group.
5. Purpose of using Clients' Data The Group may use and disclose the clients' data only for the purpose of management of its subsidiaries and affiliates or under the circumstances of engaging in cross-selling permitted by law in order to provide comprehensive and diversified financial products and services to clients. The Group shall conscientiously and carefully manage the clients' data to be well protected.
6. Parties of Disclosure of Clients' Data The clients' data will be used and disclosed in compliance with the "Self-Disciplinary Rules of Financial Holding Company and its Subsidiaries" and "Computer-Processed Personal Data Protection Law" by and between or among the companies of the Group for management of its subsidiaries and affiliates when the Group conducts cross-selling. The clients' data will not be disclosed to any third party other than the Group's companies.
7. Methods for Change and Update of Clients' Data The Group will use its best efforts to maintain the completeness and accuracy of clients' data. If the clients' data have been changed, the clients may apply to amend the data by contacting the business locations of the Group's companies directly or through the Group's staff or customer service.
8. Clients' Option to Cancel the Group's Use of Data The clients may give notice to the Group at any time whenever the clients are unwilling to receive any information regarding the financial services or marketing advertisements of the Group. The Group will no longer send any relevant messages or materials to the clients and stop using the clients' data within 5 business day after receiving aforesaid notice.


For further protection of clients' privacy, the Group will amend the privacy policy from time to time to match the business need and shall be in compliance with any modification of applicable rules and regulations, and will promptly inform you about such amendment by announcement on the websites and at the business locations of the Group's companies.

You may contact the Group at the following telephone number: China Development Financial Holding Corporation: (02) 2763-8800

The subsidiaries and affiliates of China Development Financial Holding Corporation involving in using the clients' data are listed as
follows:
China Development Industrial Bank
Grand Cathay Securities Corporation
Grand Cathay Futures Corporation
Grand Cathay Managed Futures Corporation
Grand Cathay Securities Investment Services Corporation
Grand Cathay Securities (Hong Kong) Limited
Grand Cathay Securities (Hong Kong) Nominee Limited
Grand Cathay Holding Limited