Revised terms for Share Margin Financing

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Revised terms for Share Margin Financing

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Revised terms for Share Margin Financing

Dear Valued Customers,

Please be informed that the revised terms for Share Margin Financing will take effect for new customer is on 29 August 2025 and existing customer is on 28 October 2025.

Section	Item	Updated Terms
Letter Offer
	Fees and Charges	all handling, administrative and ancillary expenses incurred in connection with the Facility for the Units as well as shares prescribed into the CDS shall be immediately due and payable. HLBB reserves the right to debit your account with all costs, charges, expenses, commission, interest, fees and all other monies payable or otherwise howsoever incurred by you subject to the availability of your Facility limit. For latest fees and charges details, refer to https://www.hlb.com.my/en/personal-banking/help-support/fees-and-charges/retail-loans.html All fees and charges listed in HLBB’s website are subject to variation and/or revision by HLBB at any time and from time to time.
	Conditions for Drawdown	(ii) Additionally, for corporate borrowers, receipt by HLBB of two (2) copies of the completed statement of particulars to be lodged with charge (for purposes of Companies Act, 2016) (previously Form 34 (for purposes of Companies Act, 1965)), duly executed by the borrower, together with the requisite registration and legal fees.
Share Margin Financing Agreement
Section 2.1 Definitions		Added and updated the following definition: - Affiliate Anti-Bribery Laws Associated Persons Force Selling Trigger Gratification HLBB/HLISB ABC Policy HLBB/HLISB Whistleblowing Policy Letter of Appointment Margin Call Notice Remisier
SECTION 3.4 Securities Account		The obligation of the Lender to permit any utilization of the Facility for purposes of trading is subject to the opening of the Securities Account maintained by the Lender’s nominee company, HLB Nominees (Tempatan) Sdn. Bhd. or HLB Nominees (Asing) Sdn. Bhd., as the case may be, or such other nominee company appointed by the Lender, for the duration of the Facility at an authorized depository agent on the Lender’s panel and approved by the Lender. All trading of securities via the Securities Account shall be conducted solely through the Remisier/Dealer and/or Stockbroker appointed.
SECTION 3.6 Drawdown Of Advance(s)	(a)	The Borrower may by giving to the Lender one (1) Market Days’ written notice in a duly completed Drawdown Notice as prescribed by the Lender drawdown such sums as cash advances (“Cash Drawdown”) as the Lender may approve provided such drawdown would not have the effect of increasing the Facility or the Approved Margin of Financing.
SECTION 4.1 Conditions Precedent	(h)	The Lender shall have received the Letter of Appointment Provided Always that the Letter of Appointment shall be irrevocable until further written notice by the Borrower to the Lender of the change of the Remisier/Dealer and/or Broker and such change shall be deemed to be accepted by the Lender upon the Lender acknowledging the same in writing and until the revocation of the Letter of Appointment by the Borrower aforesaid all dealings by the Remisier/Dealer and/or Broker on behalf of the Borrower shall be deemed to be valid and conclusive.
SECTION 6.1 Utilization of The Facility	(f)	The Borrower also acknowledges that the Lender may (but shall not be obligated to), notwithstanding the receipt of such prior written notification from the Borrower under Section 6.1(e) above nonetheless proceed at any time to exercise the right to dispose of any securities and/or Units comprising any part of the Pledged Collaterals, if the Lender shall ascertain that the Margin Call Trigger has been exceeded or, in the case of public quoted securities, towards settlement of any previously rejected transaction, in such manner and upon such terms and conditions as the Lender shall think fit and apply the proceeds thereof in rectifying the breach or towards settlement of such rejected transaction with the Remisier or the Appointed Stockbroker and the Lender shall not be responsible for any loss or damage or diminution in price from any realization by the Lender of the Pledged Collaterals or any part thereof arising from such sale.
SECTION 6.8 Transfer of Securities From The Designated Account To Any Other Account		The Lender shall be at liberty to require the Appointed Stockbroker with whom the Securities Account is maintained to transfer any deposited securities comprising the Pledged Collaterals to another account maintained directly or indirectly by the Lender or the Lender’s nominee company, HLB Nominees (Tempatan) Sdn. Bhd. or HLB Nominees (Asing) Sdn. Bhd. (as the case may be) or such other nominee company approved by the Lender, with another authorized depository agent based on the request from Borrower/Executor/Administrator, or the approval from Government Authorities or Bursa Depository.
SECTION 7.1 Repayment	(b) (iii)	(iii) in the case of Sections 7.1 (a)(iv) & (v), to sell such part(s) or all of the Pledged Collaterals at such price and upon such terms and conditions as the Lender thinks fit in order to maintain the Approved Margin of Financing. Provided That the Lender shall at all times be at liberty (without being bound to do so) to resort for its own benefit to any other means of payment at any time and in any order as it may think fit without thereby diminishing the Borrower's liability hereunder and the Lender may exercise its rights hereunder for payment of the amounts hereby intended to be secured either after resorting to other means of payment or otherwise at any time notwithstanding that other means of payment have not been resorted to.
SECTION 9.1 Fees, Expenses and Charges	(a) (iii)	All ancillary expenses incurred in respect of or in connection with the Pledged Collaterals as are prescribed by the Management Company and/or under the CDS in accordance with the table of fees and charges stipulated by the Lender in the Lender’s website. All charges referred thereof are subject to change and/or review by the Lender at any time and from time to time at its discretion; and
SECTION 10.3 Special Conditions	(c)	In the event the shortfall as aforesaid in sub-clause (b) above is not covered, the Lender shall be entitled without further reference or notice to or consent from the Borrower to sell a sufficient number of the Pledged Collaterals to ensure that the Approved Margin of Financing is maintained.
SECTION 13.1 Remedies Of The Lender		Upon demand or occurrence of any Event of Default, the Lender shall be entitled, without being required to give further notice to the Borrower, to exercise such rights as the Lender may have herein or under any of the Security Documents or at law including all or any rights and powers following: the right to sell or dispose of the Pledged Collaterals or any part thereof as the Lender may deem fit; the right to cancel, reduce or suspend (for such time and upon such terms and conditions as the Lender shall deem fit, and which determination of the Lender shall be final and binding upon the Borrower) any unutilised balance of the Facility without any obligation to give any reason therefor; and the right to institute such proceedings and take such steps (including any proceedings to enforce and/or realize its security under any of the Security Documents) as it may think fit to enforce payment or for the recovery of all monies (whether principal, interest or otherwise) due and payable under this Agreement and/or the Security Documents.
SECTION 14.9 Irrevocable Right Ti Debit Account		The Borrower hereby agrees that without prejudice to any other rights and remedies of the Lender, the Lender shall have the right (without being obliged to) at any time to debit the Borrower’s account with the Lender with all accrued interest outstanding and all monies outstanding in respect of valuation fees, stamp duty, insurance premium, fees, commissions, charges, costs and expenses and all other monies due on the Facility PROVIDED THAT no such debiting shall be deemed to be payment of the amount due (except to the extent of any amount in credit in the Borrower’s account) or a waiver of any event of default under this Agreement or any other agreement relating to the Facility. If such debiting causes the Borrower’s account or accounts to exceed the approved Facility limit specified in Item 2 of the First Schedule hereto, the Default Rate shall be payable accordingly.
SECTION 14.32 Statement of Account		The Borrower hereby expressly agrees that the account statement issued by the Lender would be considered correct unless the Lender is notified of any discrepancies within twenty-one days from the statement date.
SECTION 14.37 Entire Agreement	(b) (c)	The Letter(s) of Offer and the Schedules hereto shall form and be construed as part of this Agreement and shall prevail in the event of any conflict or discrepancies with the other provisions of this Agreement. In the event of any inconsistencies between the terms and conditions in the Letter(s) of Offer and the Schedules hereto, the terms and conditions in the Letter(s) of Offer shall prevail. In the event of any inconsistencies between the terms and conditions of this Agreement and the other Security Documents excluding the Letter(s) of Offer, the terms and conditions herein shall prevail.
SECTION 14.43 Anti-bribery, Anti-Corruption and Whistleblowing Undertakings	14.43.1 14.43.2 14.43.3 14.43.4 14.43.5 14.43.6	The Counterparty acknowledges that the Bank practices a zero-tolerance position towards any form of bribery and corruption in line with the Bank’s ABC Policy and does not condone or consent to the Counterparty and/or its Affiliates: corruptly soliciting, receiving or agreeing to receive any Gratification whether for itself or for any other person; or corruptly giving, agreeing to give, promising or offering to any person any Gratification whether for the benefit of itself or of another person, including with intent: to obtain or retain business for the Bank; or to obtain or retain an advantage to the conduct of business for the Bank which includes securing or expediting the performance of an action or service that the Bank is entitled to. The Counterparty represents, warrants and undertakes that it shall, and shall cause its directors, officers, employees, agents and contractors to observe and uphold the Bank’s zero-tolerance position on corruption and bribery and comply with Anti-Bribery Laws. In particular, the Counterparty represents, warrants and/or undertakes to the Bank that: to the best of its knowledge, neither the Counterparty nor any of its Affiliates, has violated any applicable Anti-Bribery Laws; it has in place and shall maintain adequate policies and procedures (including adopting further policies and procedures as may be reasonably requested by the Bank to fulfill their legal and regulatory compliance obligations during the tenure of this Agreement) to comply with and to prevent violation of any applicable Anti-Bribery Laws; it shall procure its Affiliates and subcontractors to comply with this Clause 2. In addition, the Counterparty undertakes to immediately notify the Bank of any non-compliance or attempted non-compliance with the Bank’s ABC Policy and/or Anti-Bribery Laws and/or any concerns about any improper conduct or wrongful act that may adversely affect the Bank. The Counterparty may also report the same confidentially through the Bank’s whistleblowing channel as set out in the Whistleblowing Policy. In the event the Counterparty and/or its Affiliates is in non-compliance with or has breached the Bank’s ABC Policy and/or Anti-Bribery Laws, the Bank shall be entitled to terminate this Agreement without prejudice to any other rights or remedies of the Bank under this Agreement or any applicable law. In the event any of the Counterparty’s subcontractors is found to be in non-compliance with or has breached or is suspected to have breached the Bank’s ABC Policy and/or Anti-Bribery Laws, the Counterparty shall terminate such subcontractors’ services with immediate effect and appoint alternative subcontractors, where permitted to do so, in accordance with this Agreement, failing which, the Bank shall be entitled to terminate this Agreement without prejudice to any other rights or remedies of the Bank under this Agreement or any applicable law.

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