Moomoo Paper-trading Competition Terms and Conditions

1. Definitions
   1. Account. Participant's moomoo app paper-trading account that is approved to participate in the Competition.
   2. Competition. Moomoo Paper-Trading Competition.
   3. Competition Period. Beginning from 13 Jan 2025 (00:01 ET) to 7 Feb 2025 (23:59 ET).
   4. Participant. A customer of Moomoo Financial Inc.

2. Prizes: Return rate Ranking Competition

3. Participation Requirements
   1. Participants must have a brokerage account Moomoo Financial Inc. (“MFI”) and must agree to the terms and conditions herein.
   2. To open an account at MFI, you must be a U.S. resident with valid SSN who is at least 18 years old.
   3. Eligibility is at the exclusive discretion of MFI. MFI and its affiliates shall be entitled to reject any entrant for any reason or no reason at all without having to provide an explanation.
   4. MFI reserves the right, in its sole discretion, to cancel, suspend, or terminate a Competition for any reason and without prior notice to any Participant. In such instance, MFI may, if and as appropriate, select the Participants who are eligible to win prizes, using reasonable means that are materially consistent with the terms of conditions of this Competition.

4. Publicity.

5. General Terms
   1. Deadline. Participants may register for the Competition up to and including the day before the Competition Period ends.
   2. Limit one entry per Participant. Participants may not register more than one Account for the Competition.
   3. Open positions. The valuation of positions open at the end of each Competition period whether such period is a week or four weeks, shall be determined by MFI in its sole and absolute discretion.
   4. Rankings. All rankings will be determined by MFI in its sole and absolute discretion. Rankings are final when published and cannot be revised.
   5. Forfeiture of prizes. Participants eligible for prizes will their prizes they (1) fail to respond in a timely fashion to any of MFI's requests for information; (2) cannot be reached at the information provided by such individual; (3) reject the prize (or it is returned undeliverable through no fault of MFI); or (4) is disqualified from the Competition for any reason. In the event of any forfeiture hereunder, an alternate winner will be selected.
   6. Taxes. Prize winners are solely responsible for all applicable federal, state, and local taxes.
   7. Right of interpretation. MFI has the sole right to amend, interpret, or waive any rule or terms.
   8. Disqualification. Participants using any fraudulent means to participate in the Competition will be disqualified. Fraudulent means include, and is not limited to, any activity designed to exploit errors, bugs, or loopholes in functionality of the moomoo trading app.
   9. Participation in the competition does not ensure that the participant will be approved for live options trading or any specific level of trading with moomoo.

6. Trading Terms
   1. U.S markets only. The Competition is limited to trading in stocks, ETFs, stock options, ETF options, and index options listed on U.S. exchanges. For multi-leg options strategy, only covered stock is supported.
   2. Starting Capital. Each Participant's Account will be funded will be with 200,000 dollars in virtual money.
   3. Regular Trading Hours only. Monday to Friday from 9:30 to 16:00 (GMT-4).
   4. Margin. Short-selling. Both margin trading and short selling are permitted. Initial margin for long stock positions is 50%, with a maintenance margin of 40%; for short stock positions, the initial margin is 60%, with a maintenance margin of 50%. The margin calculation method in the simulated trading system may not be entirely consistent with live trading; specific margin requirements are subject to the simulated trading system. The short selling interest is calculated at an annualized rate of 6%, while the margin financing interest is calculated at an annualized rate of 4.8%, collected after the market closes daily.
   5. Order Limitations.
      1. Securities. Trading is limited to securities with a trading price greater than $1 and a market value greater than $500 million on the previous trading day.
      2. Max orders per day. No more than 200 orders (not including order cancellations and modifications) may be placed in one trading day.
      3. Position limits. Accounts may not hold more than 100 positions including pending orders.
      4. Concentration. Single option contract position. No more than 1000 contracts.
      5. Concentration. Single stock holdings. No more than 40% of total assets may be concentrated in a single stock. Holdings exceeding 40% due to stock price movement or option exercises are not affected by this rule.
      6. The contest is not promoting day-trading or day-trading strategies. Day trading is extremely risky and is not appropriate for an individual with limited resources. limited investing experience, and a low risk tolerance.
   6. Trade Execution Simulation. For stocks or options, simulated orders are matched to real trades in the market. Simulated trades can only occur after real transactions. If real transaction volume is less than the simulated order quantity, partial execution occurs, with the remaining simulated order retained in the matching queue. For multi-leg option orders, simulated orders are matched to real market data. Simulated trades can only occur while the last prices of both legs are between the bid price and the ask price.
   7. Options Exercise. Stock and ETF options will be settled into securities, and index options will be settled into cash at the time of expiration. The paper trading system will liquidate the positions in your account when your net asset value falls below the required maintenance margin.
   8. Corporate Actions. The competition supports only dividends, stock splits, and mergers. Other types of corporate actions are not supported. Since corporate actions depend on upstream data sources, delays may occur. If this affects userrankings, the paper trading system will strive to correct the discrepancies to ensure fair competition.
   9. No fees. Trading fees are deducted in the paper trading system. They do not involve any real expenses. No actual costs are incurred.
   10. Any profits generated through system vulnerabilities will result in the cancellation of competition results and qualifications.
   11. PNL and Return rate calculations
       1. Total return rate = (Ending net asset at the last trading day of the competition/ Initial account balance -1) *100%
       2. Weekly return rate = (Ending net asset at the end of last trading day of the week/ Ending net asset at the end of last trading day of the previous week -1) *100%
       3. PNL percentage = Total return rate or weekly return rate, based on the statistical period
       4. The ending net asset is calculated using the latest prices. The prices will be refreshed every 5 minutes; When calculating the final ranking of the Competition, the closing prices on the last trading day of the Competition period will apply; When calculating the weekly ranking, the closing prices on the week's last trading day will apply.
       5. For the first week, "Ending net asset at the end of last trading day of the previous week" = Initial account balance.

7. Awards
   1. Results of the Competition will be announced on the Website.
   2. All awards won in the Competition will be credited to the associated trading accounts.
   3. At the end of the Competition, the qualified winning Participants will receive one of the following Competition Awards:

8. Cash Rewards
   1. Cash Rewards are valid for 24 months from the date of issuance of the reward.
   2. Cash Rewards are available to MFI customers and can be used toward securities transactions. Cash Rewards represent the value of a potential credit to a brokerage account and are not discounts on your purchase orders. Cash Rewards may be taxable to you.
   3. Cash Rewards do not have any buying power until the face value of the Cash Reward is credited to your brokerage account. After the first eligible order (buy-to-open orders only, $500 or more) is settled, a cash reward amount equal to the face value of the coupon is credited to the user's brokerage account within three trading days. Users can check the status of Cash Rewards via "Transfer" - "Funds details", or "Notification". The use of Cash Rewards depends on the order amount, product type, applicable market, and other conditions.
   4. Cash Rewards can be used only once per order. Cash Rewards can be used in conjunction with the commission discount or the zero- commission coupon.
   5. By default, Cash Rewards with the earliest expiration will be used first. If two or more Cash Rewards have the same expiration date, by default, the Cash Rewards with the higher denomination will be used first.
   6. To use moomoo's desktop platform and mobile app's features and benefits from your computer or mobile devices, you need the most up-to-date version of your web browser and moomoo app. For the best experience, update your browser and moomoo app to the latest version.
   7. Cash Rewards are not registered, non-transferable, irrecoverable once lost, and can be used only once.
   8. Cash Rewards are promotion rewards, and moomoo reserves the right to reclaim Cash Rewards acquired via inappropriate means, such as exploiting system vulnerabilities, hacking, and false pretenses.
   9. Moomoo reserves the sole discretion to interpret the terms and conditions of this promotion.
   10. You must have a brokerage account with Moomoo Financial Inc. to redeem cash rewards. Cash Rewards may be redeemed only through the moomoo app and have no other value.

9. Other terms and conditions.
   1. This Competition is open to U.S. residents, who are at least 18 years of age with a valid Social Security Number. Employees, contractors, or persons similarly associated with Moomoo Financial Inc. or an affiliate of Moomoo Financial Inc. affiliate, members of their household and employees of any securities regulatory organization or exchange are not eligible to participate in this Competition.
   2. The rewards in this Competition are offered by Moomoo Financial Inc. Moomoo Technologies Inc. and Moomoo Financial Inc. are indirect, wholly-owned subsidiaries of Futu Holdings Ltd.
   3. The Moomoo App is a trading platform offered by Moomoo Technologies Inc. Securities. products available through the Moomoo App are offered by Moomoo Financial Inc., a broker dealer registered with the SEC. Moomoo Financial Inc. is a member of FINRA and SIPC. For further information about Moomoo Financial Inc., see FINRA BrokerCheck.(https://brokercheck.finra.org/) For further information about SIPC coverage for accounts at Moomoo Financial Inc., see www.sipc.org or request an explanatory brochure from Moomoo Financial Inc.
   4. Participants may open only one Account for purposes of this Competition.
   5. Neither receipt of a share of stock through this Competition nor identification of a particular security in communications related to this Competition constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Moomoo Technologies Inc. and Moomoo Financial Inc. do not provide investment advice and do not hereby recommend any security or transaction.
   6. At its discretion, Moomoo Financial Inc. reserves the right to adjust Competition parameters or to terminate the Competition at any time and without notice.
   7. If your Moomoo account shows signs of fraud, abuse, or suspicious activity, e.g., using multiple accounts, you forfeit your prizes.
   8. Consult with your tax advisor about the appropriate tax treatment for prizes before participating in the Competition. For taxable accounts, the value of all Moomoo Financial Inc. reward or prizes may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations. Moomoo Financial Inc. and Moomoo Technologies Inc. do not take responsibility for any tax related to this promotion.
   9. Translations from English are provided for convenience only. In case of any ambiguity or dispute over the terms or rules of this promotion, the terms and conditions of the English language version will control.
   10. ALL TERMS AND AGREEMENTS OF MOOMOO FINANCIAL INC. AND MOOMOO TECHNOLOGIES INC. ARE HEREBY INCORPORATED INTO THESE TERMS AND CONDITIONS, INCLUDING AND NOT LIMITED TO THEIR ARBITRATION AND CLASS-ACTION WAIVER PROVISIONS.
   11. These terms contain a pre-dispute arbitration clause and class action waiver. You agree to the following:
       1. All parties to this Agreement are giving up their right to sue each other in court. including the right to a jury trial, except as provided by the rules of the arbitration forum in which a claim is filed.
       2. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.
       3. The ability of the parties to obtain documents, witness statements, and other discovery is generally more limited in arbitration than in court proceedings.
       4. The arbitrators do not have to explain the reason(s) for their award unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date.
       5. The panel of arbitrators may include a minority of arbitrators who were or are affiliated with the securities industry.
       6. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.
       7. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this Agreement.
       8. No person will bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until: (1) the class certification is denied; (2) the class is decertified; or (3) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate will not constitute a waiver of any rights under this Agreement except to the extent stated herein. I agree that any controversy between you and your affiliates, any of their respective officers, directors, employees, or agents and me (including any of my officers, directors, employees, or agents) arising out of or relating to this Agreement, our relationship, any Brokerage Services provided by you, or the use of the App or your website, and whether arising before or after the date of this Agreement, shall be arbitrated and conducted under the provisions of the Code of Arbitration of the FINRA. If any party unsuccessfully resists confirmation or enforcement of an arbitration award rendered under this Agreement, then that party shall pay all costs, attorneys' fees, and expenses incurred by the other party or parties in confirming or enforcing the award. Arbitration must be initiated by service upon the other party of a written demand for arbitration or notice of intention to arbitrate. Judgment, upon any award rendered by the arbitrator, may be entered in any court having jurisdiction.

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.