This agreement is made between the member and the Hong Kong Intellectual Property Exchange (HKIPX).

Article 1 member statement:

1. Members meet the criteria for qualified members of the Hong Kong Intellectual Property Exchange, and there are no circumstances in which laws, regulations, rules and trading rules of HKIPX prohibit or restrict their investment. They can become members with the consent of HKIPX.

2. Members shall bear all legal responsibilities for the authenticity, accuracy and completeness of all certificates and materials provided to HKIPX, and guarantee the legality of their sources of funds.

3. Members have read and voluntarily abide by the standards for qualified members of the Hong Kong Intellectual Property Exchange, the Convention on co owners of the Hong Kong Intellectual Property Exchange, the provisional rules of the Hong Kong Intellectual Property Exchange, and the measures for the management of members of the Hong Kong Intellectual Property Exchange. They clearly understand and are willing to bear the investment risks of intellectual property standardization or integral trading. Members accept HKIPX's amendments to the above documents, and the revised contents shall be notified to members in the form of announcement on the official website of HKIPX.

4. Members agree to abide by the laws, regulations and rules of intellectual property standardization or integral trading market and the trading rules of HKIPX.

5. Members agree and authorize the Hong Kong Intellectual Property Exchange standardization or points registration and settlement institution to handle the standardization or point transfer between its standardization or points account and other accounts.

6. Members agree and authorize the Hong Kong Intellectual Property Exchange to entrust the custody, display and insurance of their standardized or integral subject matters.

7. Members have read the tips on intellectual property standardization or integral trading risks of Hong Kong Intellectual Property Exchange and the notes to members of Hong Kong Intellectual Property Exchange.

8. Members have read all the terms and conditions of this agreement in detail and understand their meanings accurately, especially the exemption clauses of HKIPX.

Article 2 before entering the HKIPX market for intellectual property standardization or point trading, a member shall open an intellectual property standardization or credit account on the HKIPX website, and HKIPX shall generate corresponding capital account for it. When a member opens an IP standardization or credit account, he / she shall fill in the account opening information as required by HKIPX. Members shall bear the legal consequences and liabilities caused by incorrect information provided by members or false information intentionally provided.

Article 3 the intellectual property standardization or credit of a member shall be recorded in its intellectual property standardization or credit account.

Article 4 members shall set their own passwords when opening intellectual property standardization or credit account. Members can change their passwords at any time during normal trading hours.

Article 5 after opening the intellectual property standardization or points account, a member shall open a special account for standardization or integral trading funds at the designated depository bank of HKIPX, and sign an agreement on the management of the special account for standardized or integral trading funds with the designated depository bank. After opening the special account for standardized or integral trading funds, HKIPX will associate the members' special account for standardized or integral trading funds with the fund account.

Article 6 a member shall inquire the result of the declaration to HKIPX within three trading days from the next day after the declaration is issued. If a member has any objection to the result, it shall raise a query to HKIPX in writing on the day of inquiry. If a member fails to apply for inquiry within the time limit or fails to raise a written inquiry to hkipx on the declaration result with objection, it shall be deemed that the member has confirmed and approved the declaration result.

Article 7 in case of any violation or illegal operation specified in the trading rules of HKIPX, HKIPX has the right to restrict the standardized or integral account of members in accordance with the provisional rules for trading of Hong Kong Intellectual Property Exchange and the administrative measures for members of the Hong Kong Intellectual Property Exchange.

Article 8 the amount of funds withdrawn by members and the number of withdrawals per day shall be implemented in accordance with relevant provisions and relevant agreements signed by members.

Article 9 when important information of a member is changed, hkipx shall be informed in time and the change procedures shall be handled as soon as possible.

Article 10 when a member changes his / her information, he / she shall transfer all the funds in his / her original special account for standardized or integral trading funds. After the balance of his / her special account for standardized or integral trading funds is zero and the account is cancelled, he / she can re open the special account for standardized or integral trading funds in the new account.

Article 11 during the period when a member changes the information, it is prohibited to carry out all transactions related to the standardization of intellectual property rights or points. After hkipx associates the member's standardized or integral account with the member's new standardized or integral trading fund management account, the member can carry out intellectual property standardization or integral trading.

Article 12 under any of the following circumstances, HKIPX may require members to make corrections within a time limit. If a member fails to make corrections or refuses to do so, HKIPX has the right to restrict its trading until its membership is cancelled:

1. HKIPX finds that the materials and certificates provided by its members are seriously inconsistent or provide false materials and certificates;

2. HKIPX found that the fund source of the member is illegal;

3. Members have seriously damaged the legitimate rights and interests of hkipx, affected the normal business order of HKIPX, and affected the normal trading order of the market.

Article 13 HKIPX solemnly reminds members to pay attention to the confidentiality of passwords and relevant digital certificates. Any account opening, signing agreements and transactions by using the member's password and digital certificate shall be deemed as an effective act in accordance with the wishes of the member. Members shall bear the loss caused by their own reasons, such as password loss, digital certificate loss, etc.

Article 14 members shall keep their intellectual property standardization or credit account properly. Any member who forges, alters or tampers with the intellectual property standardization or integral account due to the fault of the member shall be borne by the member himself.

Article 15 when a member loses the intellectual property standardization or points account or the special account for standardized or integral trading funds, it shall report the loss to hkipx or the depository bank designated by HKIPX in time. The member shall bear the loss incurred before the loss reporting takes effect.

Article 16 members shall pay transaction commission in accordance with the relevant provisions of HKIPX.

Article 17 after the signing of this agreement, if the relevant laws, regulations, rules and industry rules are amended, the relevant contents and provisions shall be handled according to the newly revised laws, regulations, rules and industry rules. Other contents and provisions of this Agreement shall remain in force.

Article 18 If this agreement needs to be amended or supplemented in accordance with laws, regulations and the provisions of HKIPX, HKIPX will notify members of the amendment or addition in the form of announcement. The contents of the announcement are an integral part of this Agreement and have the same legal effect as this agreement.