Supplementary Regulations on Asset Management of Advertising Security Deposits

Here are the supplementary regulations on "Asset Management of Advertising Security Deposits":

Security Deposit Assets:

To ensure secure transactions, the platform reserves the right to deduct the security deposit assets (referred to as "security deposit" below) of P2P advertisers under the following circumstances, after advertisers have undergone platform identity verification (KYC) and anti-money laundering checks:

1. Cases of Deducting Security Deposit:

1.1 In the following circumstances, we reserve the right to deduct part or all of the advertiser's security deposit:

(a) The advertiser disputes a transaction, and the platform determines the advertiser's fault. Despite being required to cooperate or fulfil obligations within a reasonable period, the advertiser fails to do so, resulting in losses to other users.

(b) The advertiser engages in illegal activities on the platform, such as money laundering, illegal arbitrage, manipulation of transaction prices, or disruption of transaction order.

(c) The advertiser's actions harm the platform's interests or reputation, including soliciting peers under the HKD.com brand, charging intermediary fees, engaging in false marketing, or misleading associations.

(d) The advertiser illegally provides a third party's bank card or trading account for use by others, engages in fraud, money laundering, or other illegal activities, causing losses to the platform, users, or third parties.

(e) Non-standard orders from the advertiser are appealed for various reasons and await processing, where the advertiser is held responsible as determined by platform review. If the advertiser cannot be contacted within a reasonable period, the platform is not liable.

(f) The advertiser violates any other platform rules or regulations.

(g) Actions or inactions by the advertiser result in the freezing of payment and receipt accounts, and the advertiser fails to report the security deposit to the platform as required and in a timely manner.

(h) Other situations where the platform reasonably determines it necessary to deduct the security deposit due to the advertiser's fault.

1.2 After deducting all or part of the advertiser's security deposit according to the regulations on advertiser security deposit management, the advertiser must replenish the deducted amount.

The actual amount of the deducted security deposit is determined after assessing the actual consequences and compensation amount through the platform's risk control evaluation.

2. If verified, the platform reserves the right to automatically deduct the full amount from the advertiser's security deposit in the following special circumstances:

(a) Evidence proves the advertiser's direct involvement or assistance in fraud, money laundering, or other illegal activities.

(b) The advertiser is involved in fraud or money laundering incidents when conducting cross-platform transactions.

(c) The advertiser transfers stolen funds or other illegal assets to the platform.

(d) Payments by the advertiser result in the freezing of the user's receipt account, and fraudulent behaviour is discovered during verification.

(e) Payments by the advertiser result in the freezing of the user's receipt account, and the advertiser refuses to cooperate in resolving the matter.

(f) The advertiser's payment and receipt accounts have been frozen multiple times without reporting to the platform as required, causing serious losses to other users.

3. If the advertiser meets the necessary criteria set by the platform, the platform will process the refund of the security deposit assets within 7 working days upon receiving the advertiser's valid refund request. This obligation is subject to verification of all necessary documents and compliance with relevant policies and procedures.