CLP GROUP PROVIDENT FUND SCHEME

Reading Guide to Monthly Member Benefit Statement

1. The statement end date is indicated here.

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2. “Plan Member Details” states the basic member profile including your Notional Account Balances, Contribution Rates and Vesting Information.

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3. The statement is issued for the period indicated.

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4. “Part A” gives an overview of your account balances and account movements during the period. It also tells you the cumulative gain/loss (since joining GPFS) as well as vested benefits.

5. “Part B” provides the reconciliation between the opening and closing balances as well as the movement in valuation of underlying investments during the statement period. 5

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6. “Part C” The expected figures are prepared using the account balances and current base compensation as at the statement end date and for reference only. No future cash flow, inflation or investment return is projected.

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8. “Part E” shows the breakdown of your accrued benefits by account type and investment option as at the statement end date.

9. “Part F” shows the investment allocation effective for the specified period and the funds/ deposits purchased for contribution received.

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10. “Part G” shows your Mid-Month & Month-End Switching instruction(s) executed in the statement period and the corresponding investment details as well as the no. of Mid-Month switching submitted this year.

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7. “Part D” shows your latest nominated beneficiary(ies) information.

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11. “Part H” & “Part I” provide the transaction summary for each of your funds/ deposits including opening and closing balances as well as the movements during the statement period.

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Frequently Asked Questions

Q1. Is my investment making money?

A1. The "Cumulative Account Gain (+) / Loss (-)" numbers in

Part A show the investment returns since you joined the Scheme. Positive figures indicate that you have recorded gains, and negative figures mean losses. You may refer to "Movement in Valuation of Underlying Investments" in Part B for the return during the statement month.

Note: The account gain/loss figures shown in this statement are unrealized returns. Your actual return will depend on the fund prices and foreign exchange rates (if any) at which you subsequently sell your fund(s).

Note: "Vested Benefit" represents the dollar value of your GPFS account balances vested to you according to the Scheme rules as at statement end date, assuming that you leave employment for reasons other than retirement, ill-health retirement, death or summary dismissal. "Vesting percentage" represents the percentage of benefits you are entitled to as at statement end date. Such percentage for your company account varies with the length of your service. For details, please refer to the Member’s Booklet.

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Q2. What benefit would I receive when I leave the Company?

A2. Your expected benefits upon cessation of employment due to retirement or leaving

service as at the statement end date are estimated and converted in HK dollars in Part C.

Note: If you are a “new” member who joined the Scheme after 1st December, 2000, your actual benefit upon account termination is subject to the preservation rule as stipulated under the MPF Schemes Ordinance.

Q3. How would the benefit be paid in case of death in service?

A3. Part D shows your latest beneficiary nominations. The benefit on death from the Schemes

whilst in service with the employer will be paid to your nominated beneficiary(ies) according to the specified proportion(s).

Note: If a message instead of a list of beneficiary(ies) is shown in Part D, you may simply download the “Beneficiary Nomination Form” from the Download Corner of CLP GPFS Online System and then return the signed original to BCT by mail to “Pension Services, Bank Consortium Trust Company Limited, 18/F Cosco Tower, 183 Queen’s Road Central, Hong Kong”.

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Q4. How can I check the latest asset allocation of my existing holdings?

A4. Your holdings of each investment option as at the statement end date are listed in HKD

equivalent value under Part E.

Note: The holdings are converted in HK dollars based on the last available fund prices and reference exchange rates (if any) as of the statement end date.

Q5. What is purchased with my Monthly Contribution?

A5. Part F shows your monthly contribution details including the number of fund units purchased or

amount of deposit placed, and the corresponding executed fund prices, exchange rates as well as interest rates, where applicable.

Note: Please refer to the "Inv. Allocation" column for your investment option effective for the statement period. If you don’t submit a new IOC for future contributions, such investment option will remain unchanged and effective for next monthly contribution.

Executed Exchange

Rate

Deposit Interest

Rate

for Monthly Contribution

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Q6. How can I check my switching instruction submitted?

A6. Your Mid-Month & Month-End Switching completed for a month is/are shown in the monthly

statement. The transaction details including the no. of fund units subscribed/ redeemed, amount of deposit placed/ withdrawn, the relevant fund prices and exchange rates transacted (where applicable) as well as the no. of Mid-Month Switching submitted this year are shown in Part G.

Notes: ­ The unit price and exchange rate are the actual

values executed for switch-in / switch-out on the date when the transaction took place, i.e. the column "Dealing Date" in Part G(ii) & (iv).

­ Mid-Month Switching is limited to daily traded funds (excluding closed funds) only and 4 times per calendar year. Such limits are not applicable to Month-End Switching.

Executed Exchange

Rate for Switching

Q7. How is fund unit balance calculated?

A7. The opening unit balances in Part H are closing unit balances from previous statement period.

All unit transactions traded in the statement period and the corresponding unit inflows/ outflows are recorded and then summed up to the closing unit balances as at the statement end date.

Notes: In case there is switching-in transaction completed after the statement end date, such amount will be presented as “Asset Switch in-transit (HKD)” in Part H. To find out the executed fund price/ exchange rate for the transaction, please refer to Part F for Contributions and Part G for Switching.

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Q8. How can I check the details (e.g. interest rate, tenor) of my current deposits?

A8. Part I (i) lists all your current fixed deposits originated from renewal, contributions and switching

transactions executed in the statement period. Full deposit details are shown with the principal/ interest/ maturity amounts, placement/ maturity dates, tenor and interest rate.

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Important Notes: The above statement is a sample and for your reference only. There is no intention representing any specific member account or scenario.

The values used in the statement are for illustration purposes only. They are not actual data.

Note: The accrued amounts of your current fixed deposit are converted in HK dollars based on the reference exchange rate (if any) as at statement end date.

Current Deposit Interest Rates

Note: For those deposit(s) matured in the statement period, they are listed in Part I(ii) for your reference.