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 Page 1 of 25

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 Page 2 of 25

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 Page 3 of 25

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 behavior 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 Page 4 of 25

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 Page 5 of 25

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 Large service fees collection approval process (i) If the total amount of the service fees collected for any transaction is more than RMB 10,000,000, it shall be submitted to respective business heads for approval and submitted to CFO and DB China EVP for review. 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 Service Fee Management Policy Deutsche Bank (China) Co. Ltd Page 6 of 25

7 Deutsche Bank Public 5.3. Appendix 3: Government-guided Price and Government-set Price Catelogue of Commercial Banks 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 Service Fee Management Policy Deutsche Bank (China) Co. Ltd Page 7 of 25

8 Deutsche Bank Public 2) the cost of the fund 3) prevailing rate in the market 4) customer's requirement 5) customer's credit rating 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 Page 8 of 25

9 Deutsche Bank Public Appendix 2: Service Fees of Businesses of DB China DB China Tariff en updated Appendix 3: Government-guided Price and Government-set Price Catalogue of Commercial Banks Government pricing cn.xls Service Fee Management Policy Deutsche Bank (China) Co. Ltd Page 9 of 25

10 Wealth Management - Pricing Schedule Ref No. 1.1 Charging Item DOMESTIC FUND TRANSFER (Transaction Fee) To DB China Other Account RMB (Bank Internal Fund Transfer Intra-city - within same bank System- IDMS) (Individual Account Only) Free RMB (CNAPS) max RMB RMB 2 (<=RMB 2,000) Inter-city / Intra-city - with RMB 5 (RMB 2,000 ~ 5,000] different banks (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 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) Inter-city (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] Free Market-adjusted Price: Apply for WM client formulated by DB China equiv.usd 30 (subject to operation and management cost) RMB 15 (RMB 10,000 ~ 50,000] Government Guided Price: Above 50,000 charge 0.03%, max RMB 50 subject to Notice of the National Development and Reform Commission and the People's Bank of China RMB (CNAPS) max RMB 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 FCY (Remittance Only) T/T REMITTANCE OVERSEAS (Transaction Fee) Intra-city (Individual,Coporate Account) Inter-city (Individual,Coporate Account) Inward Remittance T/T Charging Standard Outward Remittance T/T Remittance Out equiv. USD Amend/Inquiry equiv. USD 20 Free Market-adjusted Price: Apply for WM client formulated by DB China equiv.usd 30 (subject to operation and management cost) Cancel of T/T Market-adjusted Price: USD A/C USD30 Apply for WM client formulated by DB China (subject to operation and management cost) Other A/C EUR 25/equiv FCY Cash Remittance 0.5% ACCOUNT MANAGEMENT FEE Check Collection from overseas In first year AUM below USD 1 mio or equiv. after 1 year Dormant Account Maintenance Fee (No movement within 12 months) Free 0.1% (Min. equiv. USD 10, Max equiv. USD 60) Free Wealth Management Charges Rationale RMB 5,000 or equiv. Market-adjusted Price: Apply for WM client formulated by DB China (subject to operation and management cost) RMB 80 or equiv. 2.4 Loan customers Free Bank Commission Market-adjusted Price: 0-5% p.a. on outstanding Entrusted loan amount 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) SBLC/BG Issuance Subject to the customer credit rating and tenor of the risk to take, with min. EUR 150/CNY1,100 (if no legal wording review), or with min. EUR 300/CNY2,200 (if there is legal wording review), max 2% p.a SBLC/BG (Issuance and Amendment Fee) SBLC/BG (Amendment) Increase of SBLC/BG Amount Extension of SBLC/BG Validity Market-adjusted Price: The same rate as charged for SBLC/BG Issuance for the Apply for WM client formulated by DB China increased amount with min.eur 150/CNY1,100, max 2% (subject to market practise, client credit rating and credit p.a. tenor) The same rate as charged for SBLC/BG Issuance for the extended validity with min. EUR 150/CNY1,100, max 2% p.a Other Amendment EUR 150/CNY1,100.(if no legal wording review); EUR 300/CNY2,200 (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 21 Dec, 2015 and effective from 21 March Wealth Management Page 10 of 25

11 Tariff for Private Banking Account of. Private & Business Clients Services General Account Service Remittance Account Maintenance Private Banking Clients CNY Outward Remittance Private Banking Clients Business Banking Clients CNY 2 (Transaction amount below CNY 2,000 (inclusive)) CNY 5 (CNY 2,000-CNY 5,000 (inclusive)) 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 ) 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) Charges Rationale Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Government Guidance Price: subject to Notice of the National Development and Reform Commission and the People's Bank of China FCY Outward Remittance Inward Remittance Remittance-Amend/Cancellation of T/T 0.025% of the transaction amount(min CNY 25 equivalent, max CNY 150 equivalent),plus cable charge of CNY 120 equivalent Free (Correspondent bank charge will be borne by clients 3 ) Free Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC 2.2 Business Banking Clients CNY 5 (For CNY10,000 or less) 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 CNY1,000,000 above) FCY Outward Remittance 2 equivalent (flat) % of the transaction amount (min USD 7 equivalent, max USD 65 equivalent), plus cable charge USD Inward remittance Amendment / Cancellation Instruction Other Services Certification of Deposit Enquiry Other Account Services Statement Copy Audit Report Verification waive (Correspondent bank charge will be borne by clients 3 ) waive Free Free (statement month within 12 months (inclusive)) CNY 25 per month per copy (statement month over 12 months) Free USD 10 equivalent (per copy) Market Regulation Price: Deutsche Bank (China) Pricing Applied to PBC Market Regulation Price: Deutsche Bank (China)Pricing Applied to PBC Postage (Each 0.5kg) 4 Mainland China Other Areas/Countries CNY 35 Express (EMS) CNY 350 Express (DHL) Market Regulation Price: Deutsche Bank(China) Pricing Applied to PBC Remarks: 1.(1).will charge the above account maintenance fee monthly if the daily average 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,.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 charges will be collected in CNY or in relevant foreign currency. 2.Types of services and specifications may vary locally, please refer to Relationship Manager for details. 3. The English and Chinese version of the tariff have the same validity. In case of unclarity the Chinese version prevails. 4. This tariff is updated on 21 Dec 2015 and effective from 21 Mar reserves the final interpretation right. Page 11 of 25

12 1 Cash Management Services 1.1 Account Services (Foreign Currency Accounts) A. Account Maintenance Account Opening Fee RMB2000 Charges regulated by the market: Account Maintenance Fee Monthly Average Balance below USD10,000.- (or equivalent) RMB2000 (monthly charge) This tariff is formulated by the Deutsche Bank China Monthly Average Balance USD10,000.- (or equivalent) or above RMB2000 (monthly charge) Head office and only applicable to clients of Account Audit RMB1000 per account Fax of Monthly Statement Local RMB50 per statement (Fees are charged per basis on management and running Overseas RMB200 per statement cost) Standing instruction Set-up / Amendment RMB Transaction Fee per actual Alternation of Signature List RMB500 or equivalent 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 Overseas RMB200 per certificate Page 12 of 25

13 B. Payment International Payment Telegraphic Transfer 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/Enq uiry 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 Overseas RMB200 per statement 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 RMB500 per change per account 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 Page 13 of 25

14 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/per delivery Payment Password Device At cost Charges standardized by the government: B. Payment T/T CNAPS Remittance Charge RMB5 (<=RMB10000) subject to Notice of the National Development RMB10 (RMB10000 ~ ] and Reform RMB15 (RMB ~ ] Commission and the People's Bank of China RMB20 (RMB ~ ] % max. RMB200 (>RMB ) BEPS Remittance Charge RMB Voucher Cost RMB1 per transaction Corporate Cheque Voucher Cost RMB0.4 per transaction Government Pricing Handling Fee RMB1 per transaction Charges standardized by the government: subject to Notice of the National Development In-city Giro (paper-based) Voucher Cost RMB0.22 per transaction and Reform Handling Fee RMB1 per transaction Commission and the People's Bank of China In-city Giro (electronic) Handling Fee RMB1.22 per transaction Cashier's Order Voucher Cost RMB0.48 per voucher Government Pricing Charges standardized by the government: Issuance Fee subject to Notice of the National Development RMB1 and Reform Commission and the People's Bank of China Bank Draft Voucher Cost RMB0.48 per ttransaction Government Pricing Page 14 of 25

15 Issuance Fee RMB1 per transaction Charges standardized by the government Charges regulated by the market: Tax Payment via TIPS Remittance Charge Same as CNAPS Remittance Charge subject to Notice of the National Development and Reform Commission and the People's Bank of China Setup Fee RMB5000 per set-up (Fees are charged per basis on management and running cost) Monthly Fee RMB5000 per month Cross-border RMB outward payment 0.3% of the payment amount, maximum USD200, plus cable charge of RMB 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 C. Collection /Receipt T/T Waived Charges standardized by the government: Corporate Cheque Waived Giro Waived subject to Notice of the National Development and Reform Cashier's Order Waived Bank Draft Waived Commission and the People's Bank of China Collection of Commercial Draft In-city Collection & Cross-city Collection Handling Fee RMB1 per transaction Voucher Cost RMB10 per transaction Postage RMB20 via mail / RMB100 via EMS Draft Verification Service Charges regulated by the market: Setup Fee RMB10000 per set-up This tariff is formulated by the Deutsche Bank China Head Service Fee RMB10000 per month or RMB500 per draft office and only applicable to clients of Cross-border RMB inward payment RMB per transaction (Fees are charged per basis on management and running 1.3 Electronic Banking / Multi-bank Services cost) A. Electronic Banking db-direct Internet License Waived Page 15 of 25

16 Training RMB2000 per hour, plus out of pocket expenses Setup, Implementation RMB Support and Subscription RMB5000 per month System Integration RMB50000 per time Password Reset RMB500 per reset 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 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) RMB10000 per month 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 0.3% p.a. on outstanding entrust loan amount Set-up fee (one-off) RMB50000 Page 16 of 25

17 RMB/FCY Cash Sweep (Onshore and Cross-border) Bank Commission 0.3% 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 RMB2000 per month db-sweep MIS report (value-added service) - paper based Daily RMB2000 per month Weekly RMB2000 per month Monthly RMB2000 per month 1.5 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 per rectification Page 17 of 25

18 Account Receivable Manager (ARM) Setup Fee RMB10000 per bank account or RMB100 per account created in ARM Service Fee RMB5000 per bank account per month Corporate Offshore Lending in RMB and FCY Bank Commission 0.3% of offshore lending amount 1.6 Other Services Charges will be based on specific circumstances of clients and transactions Charges standardized by the government: subject to Notice of the National Development and Reform Commission and the People's Bank of China 2 Trade Finance Services Charges regulated by the market: 2.1 Bank Acceptance Draft This tariff is formulated by the Deutsche Bank China Head Acceptance fee 0.05% of draft value office and only applicable to clients 2.2 RMB Draft Discounting of discounting rate subject to market (Fees are charged per basis on management and running 2.3 RMB Electronic Draft System cost) Electronic Draft System License Waived Training RMB5000 per training, plus out of pocket expenses Setup, Implementation RMB5000 Charges standardized by the government: Maintenance and Support RMB p.a subject to notice from People's Bank of China USB Key & Digital Certificate new or loss RMB 600 per set Charges regulated by the market: USB Key Password Reset RMB 500 per reset This tariff is formulated by the Deutsche Bank China Head Message Fee Waived office and only applicable to clients of Global Transaction 2.4 SBLC/BG Banking SBLC/BG Issuance SBLC/BG Issuance(with counter guarantee ) Subject to the customer credit rating and tenor of the risk to take, with min. EUR150/equivalent (if no legal wording review), (Fees are charged per basis on management and running or with min. EUR300/equivalent (if there is legal wording review), max. 2% p.a SBLC/BG Issuance( without counter guarantee) Subject to the customer credit rating and tenor of the risk to take, with min. USD60/RMB390, max. 2% p.a. cost) SBLC/BG Amendment Increase of SBLC/BG Amount (with counter guarantee) The same rate as charged for SBLC/BG Issuance for the increased amount with min. EUR150/equivalent, max. 2% p.a Extension of SBLC/BG Validity(with counter guarantee) The same rate as charged for SBLC/BG Issuance for the extended validity with min. EUR150/equivalent, max. 2% p.a. Page 18 of 25

19 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 per transaction 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 import bills) USD90/RMB600 per bill 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 Page 19 of 25

20 LC Cancellation Advising USD30 flat/rmb200 per LC in addition to cable charges 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 per transaction 0.125% of bills amount with min.usd50/rmb Non-LC bills collection per transaction 0.125% of bills amount with min.usd50/rmb Holding charges on overdue bills per transaction USD35 flat/rmb230 collected by month Transfer of LC Full transfer with or without substitution USD50flat/RMB Partial transfer with or without substitution Amendment of transferred LC with amount increase per transaction 0.15% of bills amount with min. USD50/RMB325 per transaction 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 per transaction 0.125% of bills amount with min.usd10/rmb Miscellaneous Charges Postage Domestic speedpost(ems and other Couriers) USD8 flat/rmb50 flat per bill HK Macau Japan and South Korea USD30 flat/rmb200 per bill Africa, Middle East and East Europe USD50 flat/rmb325 per bill Other Regions USD45 flat/rmb300 per bill Cable Charges Cable Charges USD25/RMB170 per page 2.8 Electronic Banking db-direct Internet Setup, Implementation RMB5,000 per set-up FSC portal implementation RMB50,000 per set-up Training RMB5,000 per training, plus out of pocket expenses Page 20 of 25

21 Support and Subscription RMB5,000 per month System Integration RMB50,000 per set-up Password Reset RMB500 per reset 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 Setup (stand-alone) USD1,000 or equivalent 2.9 Other Services Charges will be based on specific circumstances of clients and transactions 3 Ordinary Loan 3.1 Loan Commitment Fee provide commitment loan and prepare corresponding cash for withdrawal no more than 10% of the non withdrawal amount 3.2 Finance Service Fee for Local Enterprises borrowing from Overseas provide consultation and arrangment for local enterprises no more than 10% of the enterprise finance amount 3.3 Finance Service Fee for Foreign Enterprises borrowing provide consultation and arrangment for foreign enterprises from China no more than 10% of the enterprise finance amount 4 Syndicated Loan 4.1 Syndicated Loan Advisory Fee Due to different industrial structure and the special nature of borrower's project development, when preparing syndicated loan, usually one bank is appointed by the borrower to provide advisory service no more than 10% of the loan amount in the contract 4.2 Syndicated Loan Agency Bank In syndicated loan, one bank is appointed by the borrower and the lenders as the agency bank, acting on behalf of all lenders. Agency banks can be further divided into loan agency bank or security agency bank. If they are not the same bank, the agency bank fee should be calculated separately. no more than RMB 1,000,000 per annum for both loan agency bank and/ or security agency bank 4.3 Syndicated Loan Account Manaaccount management and service no more than RMB 200,000 per annum 4.4 Syndicated Loan Underwriting FUnderwriting fee is charged for underwriting all or part of the loan. no more than 10% of the loan amount in the contract Page 21 of 25

22 4.5 Syndicated Loan Arrangement Fee/ Bookkeeping Fee/ Coordination Fee Potential participating banks are invited through sending out invitations and holding meetings. The arrangement fee/bookkeeping fee/coordination fee will be paid in a lump sum according to certain proportion of the final loan total. no more than 10% of the loan amount in the contract 4.6 Amount Cancellation Fee If the borrower breaches the contract by not withdrawing the corresponding loan, loss will be caused due to the cancellation of partial loan. no more than 10% of the cancellation amount If the borrower fails to withdraw the loan or fail to withdraw the 4.7 Syndicated Loan Commitment Fcommited amount, loss will be caused due to the cancellation of partial loan. no more than 10% of the non withdrawal amount 4.8 Syndicated Loan Participation F Participating bank will charge participation fee from the leading bank. based on negotiation with the leading bank in accordance with laws and regulations 4.9 Penalty for voluntary pre-repaympenalty for voluntary pre-repayment no more than 10% of the pre-repaid amount 4.10 Service Termination Fee Due to the different industrial structure and the special nature of borrower's project development, when preparing syndicated loan, usually one bank is appointed to provide advisory service. no more than 10% of the planned finance amount 4.11 Extension Arrangement Fee In syndicated loan, if the borrower requires and the lending bank agrees, the loan can be extended upon expiration. no more than 10% of the extension amount 4.12 Immunity Fee Immunity fee is charged when the borrower or obligator files an immunity application based on the rules regulating breach, amendment or alteration of their commitment or other rules in the finance documents, and the lending bank accepts it. no more than 10% of the loan amount in the contract 4.13 Default Interest When the client fails to pay any payment articulated in any finance document or the client breaches the finance document by embezzling the loan, the interest of the related overdue items shall be accumulated. no more than 20% of the loan amount in the contract p.a. 5 Structured Finance 5.1 Consultation and Advisory Fee provide consultation and advisory service in the field of finance needs for the party in need of funds and the party providing funds no more than 10% of the finance amount 5.2 Loan Commitment Fee provide commitment loan and prepare corresponding cash for withdrawal no more than 10% of the non withdrawal amount Page 22 of 25

23 5.3 Finance Front End Fee/ Arrangement Fee: In structured trade finance, front end or arrangement fee is charged for deeply analyzing and knowing the client's business structure/ industrial features/ relevant laws and regulations, designing loan structure according to client needs, opening up finance channels overseas; coordinating and arranging stakeholders in the finance process to reach a deal. Finance structure design fee(structured finance): Finance structure design fee is charged for designing debt structure, opening up finance channel at home and abroad; deeply analyzing and knowing the client's business structure/ industrial features, designing the loan according to client needs; designing repayment Finance Front End Fee/ Under Structured Finance no more than 10% of the loan date; considering guarantee conditions in line with the client finance Arrangement Fee/ Design Fee/ amount in the contract Under Transaction Bank needs and finance costs combining with the actual conditions and Structure Fee/ Amendment Trade Finance: no more than 10% of the corresponding trade features of the client. Fee finance product amount Finance Plan Amendment Fee(Structured Finance): Upon completion of the finance plan design and signing of the finance documents, if the client cannot fulfill certain articles in the contract or has to alter structure or articles due to other reasons, corresponding alterations and amendments of the original plan can be made based on client request and specific condition. And the finance plan amendment fee is charged thereof. Finance Plan Design/Amendment Fee(Transaction Bank Trade Finance): Finance plan design fee is charged because 1. It is tailormade based on his current or possible finance amount in the future. 2. structured solution design and model annual review and the continuous optimization are made during the implementation. 5.4 Penalty for voluntary pre-repaympenalty for voluntary pre-repayment no more than 10% of the pre-repaid amount 5.5 Extension Arrangement Fee no more than 10% of the extension amount 5.6 Immunity Fee Immunity fee is charged when an immunity application is filed by the borrower or obligator based on the rules regulating their commitment breach, amendment, alteration or other things in the finance documents, and DB accepts it and arranges corresponding immunity, after the finance plan design is completed. no more than 10% of the loan amount in the contract 5.7 Agency Bank Fee In structured finance, one bank is appointed by the borrower and lenders as the agency bank, acting on behalf of all lenders. Agency banks can be further divided into loan agency bank or security agency bank. If they are not the same bank, the agency bank fee should be calculated separately. no more than RMB 1,000,000 per annum for both loan agency bank and/ or security agency bank 5.8 Account Management Fee account management and service no more than RMB 200,000 per annum 5.8 Finance Service Fee for Local Eprovide consultation and arrangment for local enterprises no more than 10% of the enterprise loan amount 5.9 Finance Service Fee for Foreignprovide consultation and arrangment for foreign enterprises no more than 10% of the enterprise loan amount Page 23 of 25

24 5.10 Default Interest When the client fails to pay any payment articulated in any finance document or the client breaches the finance document by embezzling the loan, the interest of the related overdue items shall be accumulated. no more than 20% of the loan amount in the contract p.a. 6 Custodian Custodian custodian fee 0.015%-0.1%of asset value per month Transaction transaction execution commission USD10-50/transaction per month Charges will be based on specific circumstances of clients and transactions transaction fee (for foreign institutions in China interbank bond market under PBOC pilot scheme) 0.01% of face value of the bond/transaction per month 6.3 Global Transaction Pricing for value added services to corporate clients are outlined in contract format and pricing is determined based on service type. Banking Value-added Maximum RMB 200,000/ Year Services Remarks: 1. The above tariff rate and fees items will be adjusted based on specific circumstances of clients and transactions. 2. For all transactions, if the service fee exceeds RMB 10,000,000, it should be approved by business unit head, chief finance officer and the vice president of the head office. 3. 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. 4. The above fees will be charged under the specified currency formulated by the bank 5. " 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 6. Updated on 21 Dec 2015 and effective from 21 Mar 2016 Page 24 of 25

25 Deutsche Bank (China ) Co. Ltd/Global Markets Department-Tariff Global Markets Ref. No. Charges Items Charges Standard Charges Policies Preferential Policies 1 Syndicated Loan 1.1 Syndicated Loan Consulting Fee When organizing syndicated loan or club loan, due to different industry structure and particularity of borrower's project development, borrower would usually appoint one bank to provide consulting services. Max. not exceeding 10% of contractual loan limit 1.2 Syndicated Loan Arrangement Fee By sending invitation letter, hosting syndicate meetings etc., bank invites potential participation banks to join. Arrangement fee will be paid in a certain proportion of final loan amount. Max. not exceeding 10% of contractual loan limit 1.3 Limit Cancellation Fee 1.4 Syndicated Loan Commitment Fee 1.5 Syndicated Loan Participation Fee If borrower breaches the contract and does not withdraw the loan, bank will incur losses from funding cost of the cancelled part. If borrower does not withdraw the loan, or fails to reach the committed loan amount, bank will incur losses from funding cost of the cancelled part. Participating bank will be charged participation fee from lead arranger bank. Max. not exceeding 10% of limit of cancelled part Max. not exceeding 10% of outstanding drawing limit Negotiate with lead arranger bank, and accord with laws and regulations 1.6 Penalty for Voluntary Advance Repayment Penalty for client advance repayment Max. not exceeding 10% of advance repayment 1.7 Services Termination Fee 1. After client signs the mandate letter for financing arrangement but before the signature of facility agreement, bank has begun to arrange, but client decides to cancel financing arrangement or breach the regulation in the mandate letter and search for similar financing plans from other banks due to their own reasons; 2. Penalty for financing plan and financial model designed after client confirmed the financing plan and before cancellation of business demanding. Here won't be other charges on conditions above. Max. not exceeding 10% of proposed financing amount 1.8 Extension Arrangement Fee 1.9 Immunity Fee Loan could be extended if requested by borrower and approved by loan bank. If borrower or obligor raises the immunity application against breaching, modifying or changing committed clauses or other regulation mentioned in syndicated loan documents, loan bank will approve it. Max. not exceeding 10% of extension limit Max. not exceeding 10% of contractual loan limit 1.10 Interest Penalty Interest charged from the overdue fund if client is unable to repay any due amount under any clauses in the document, or embezzle the loan against those agreements in financing documents Max. 20% p.a. of contractual loan limit 1.11 Credit Supervision Fee Credit supervision provided based on facility agreement Max. 10% p.a. of contractual loan limit 2 Structured Finance, Ordinary Loan and Financing Related Credit Facility and Services other than Syndicated Loan 2.1 Consulting Fee Consulting services about financing for funding demander or provider Max. not exceeding 10% of financing amount 2.2 Loan Commitment Fee Confirmation from bank to provide committed loan and provision for client withdrawal Max. not exceeding 10% of outstanding drawing limit 2.3 Financing Plan Arrangement Fee/Design Fee/Modification Fee Arrangement and design for financing plan: 1. Design financing plan, and/or open domestic and overseas financing channels. 2. Further analyze and understand clients' business structure and industry specialty, design financing plan based on client's request. 3. Design repayment schedule. 4. Combine clients' actual situation and characters, consider the guaranty conditions according to their financing demand and cost. Modification on financing plan: After completing the designing and signing process of the financing plan, if client could not fulfill some clauses in the contract or need to modify structure or clauses due to some specific reasons, DB will adjust and modify the clauses according to client's request and specific situations. Max. not exceeding 10% of contractual loan limit 2.4 Penalty of Voluntary Advance Repayment The penalty of advance repayment. Max. not exceeding 10% of advance repayment 2.5 Extension Arrangement Fee Max. not exceeding 10% of extension limit 2.6 Immunity Fee After completing the process of designing financing plan, if client or other person concerned raises the immunity application against breaching, modifying or changing committed clauses or other regulation in financing documents, DB will conduct immunity and proceed immunity activities in financing. Max. not exceeding 10% of contractual loan limit 2.7 SBLC's Issuance, Modification and Extension Depend on client's credit rate and tenor or specific modification and request for extension Max. 10% p.a. of SBLC amount 2.8 Interest Penalty Interest will be charged from the overdue fund if client is unable to repay any due amount under any clauses in the document, or violate those agreements in financing documents to embezzle the loan Max. 20% p.a. of contractual loan limit 2.9 Credit Supervision Fee Credit supervision provided based on facility agreement Max. 10% p.a. of contractual loan limit 2.10 Overseas Financing Services Fee for Domestic Enterprises Consulting and arrangement services provided for domestic enterprises for them to get loan financing from DB overseas branches. Max. not exceeding 10% of enterprise credit limit 2.11 Consulting and arrangement services provided for overseas Domestic or Overseas Loan Financing enterprises for them to get loan financing from domestic and Services Fee for Overseas Enterprises overseas institutions. Max. not exceeding 10% of enterprise credit limit 3 Other Services Value added services for corporate clients outlined in contract format are priced based on service details and type. Maximum not exceeding 1% of loan limit. Remark: 1. Updated on 21 Dec, 2015, effective from 21 Mar 2016 Page 25 of 25