WELAB BANK “HKD100,000 REBATE CAMPAIGN" TERMS & CONDITIONS

1. By participating in this Campaign, you acknowledge that you have read and agreed to these Campaign terms and conditions.
2. Unless otherwise stated, this Campaign runs from 7 June 2021 to 18 June 2021 (Hong Kong Time)(both dates inclusive)(“Campaign Period”).
3. During the Campaign Period, Welab Bank Limited (“WeLab Bank”, “we”, “us” or “our”) will hold four lucky draws (the “Lucky Draws”) on the following dates, details of which are as follows:

* Based on Hong Kong Time.

4. Instagram (“IG”) users or Facebook (“FB”) users who complete all the following tasks at or before the cut-off time of the respective Lucky Draw according to Clause 3 above (“Participants”, “you” or “your”) will automatically participate in such Lucky Draw:

5. In each Lucky Draw, WeLab Bank will use a computer to randomly select the winners (“Winners”) from the Participants. Each Participant will only be entitled to a Lucky Draw chance in each Lucky Draw. Participants who have not become Winners in a Lucky Draw will automatically participate in the next Lucky Draw. You can only be a Winner once throughout this Campaign.

6. After each Lucky Draw, WeLab Bank will announce the Winners on our Official IG Account and Official FB Account at the result announcement time of the respective Lucky Draw according to Clause 3 above through IG Story and FB Story. You agree and acknowledge that if you are selected as a Winner, your IG username or FB username will be shown publicly in the IG and FB Story on our Official IG and FB Account.

7. Each Winner fulfilling all the following conditions below is entitled to the Spending Rebate (as defined hereinbelow):

7.1 is a current WeLab Bank customer who holds a valid and active WeLab Bank account which is in normal status (as determined by us at our sole discretion); and

7.2 has not terminated and/or closed his/her WeLab Bank account in the twelve (12) months prior to the commencement of this Campaign.

WeLab Bank will verify your status as a Winner and your entitlement to the Spending Rebate through the information you provide in accordance with Clause 8 below.

8. You are responsible to check the announcement of Winners at the result announcement time according to Clause 3 above. The Winner must contact WeLab Bank and provide the following information to verify his/her entitlement to the Spending Rebate within seven (7) calendar days after the date of the result announcement time of the respective Lucky Draw according to Clause 3 above via direct message through your IG or FB account which is identical to the result announcement to our Official IG Account or Official FB Account (as the case may be):

8.1 The Winner’s WeLab Bank Account Number

8.2 The Winner’s latest mobile number registered with us; and

8.3 The Winner’s latest email address registered with us.

9. After we have received a Winner’s direct message on IG or FB and verified his/her entitlement to the Spending Rebate, a notification email for the Spending Rebate will be sent to the respective Winner via his/her latest email address registered with us (“Notification Email”).

10. If a winner: (a) does not maintain a valid and active IG or FB and/or email account through which WeLab Bank could contact them on, (b) does not comply with these Campaign terms and conditions, and/or (c) does not provide the information or provides inaccurate and incomplete information requested in Clause 8, WeLab Bank has the right to: (a) disqualify the Winner, and/or (b) withhold the Spending Rebate from the Winner without prior notice.

11. During 15th June 2021 to 30th September 2021 (both dates inclusive) (“Spending Rebate Applicable Period”), each Winner who has received the Notification Email is entitled to 100% spending rebate for all transactions made with his/her WeLab Debit Card (“Spending Rebate”) within the Spending Rebate Applicable Period (“Eligible Transactions”). There is no limitation on the type and amount of the transaction for each Eligible Transaction. The transaction time will be based on Hong Kong Time. If the transaction is made in a currency other than Hong Kong Dollars, the Spending Rebate will be calculated based on Hong Kong Dollars after conversion at the applicable exchange rate. The Spending Rebate amount will be rounded to the nearest cent.

12. Each Winner can earn up to HKD 10,000 Spending Rebate (“Spending Rebate Cap”) over the Spending Rebate Applicable Period. If the total amount of Eligible Transaction(s) conducted by a Winner has exceeded the Spending Rebate Cap, the exceeded amount of the eligible transaction(s) is not applicable to the Spending Rebate.

13. The equivalent Spending Rebate amount earned by a Winner for each calendar month will be credited into his/her WeLab Bank Core Account within 10 working days from the 1st day of the next calendar month.

14. If a Winner has subsequently cancelled or reversed any transactions (in full or partial amount) in respect of which the Spending Rebate amount has been credited to his/her Core Account, we reserve the right to debit the respective spending rebate amount directly from his/her Core Account without prior notice.

15. You agree and acknowledge that you cannot terminate and/or close your WeLab Bank account in the twelve (12) months after the end of the Campaign Period. Otherwise, we shall not credit the Spending Rebate amount or where the Spending Rebate amount has been credited, we reserve the right to debit the Spending Rebate from your Account (including but not limited to your Core Account) without notice and/or take such necessary legal action to recover any outstanding amounts.

16. All Spending Rebate amount cannot be transferred, returned, exchanged, or converted into other form, unless otherwise specified by WeLab Bank.

17.The Spending Rebate can be used in conjunction with WeLab Bank’s other rebate offer(s).

18. WeLab Bank shall not be liable for a Winner’s failure or inability to be entitled to the Spending Rebate whether due to a Winner not receiving communications or otherwise.

19. For any collection and use of your personal data through this Campaign, please refer to WeLab Bank’s Personal Information Collection Statement (https://www.welab.bank/en/legal/privacy-policy/).

20. By redeeming the Spending Rebate according to Clauses 8 and 9 above, each Winner grants WeLab Bank full, global, royalty free and perpetual rights to take videos and/or photographs of the Winner and use the images resulting from the videography and/or photography, and any reproductions or adaptations of the images for marketing and promotional and/or publicity purposes. This includes, but is not limited to, the right to use them in our printed and online publicity, social media and press releases.

21. WeLab Bank reserves the right to vary, modify and terminate this Campaign (including but not limited to the Campaign Period and the Spending Rebate) and to amend any of these Campaign terms and conditions at any time without any notice. In case of disputes in relation to this Campaign, WeLab Bank’s decision shall be final and binding.

22. Any breach of applicable laws or regulations, fraud, abuse and/or non-compliance by you (as determined at our sole discretion) will result in forfeiture of your eligibility to participate in this Campaign and entitle to the Spending Rebate and/or suspension or termination of all or any of your Account with us. We shall not credit the Spending Rebate amount or where the Spending Rebate amount has been credited, we reserve the right to debit the spending rebate from your Account (including but not limited to your Core Account) without notice and/or take such necessary legal action to recover any outstanding amounts.

23. These Campaign terms and conditions shall be read in connection with our Account Terms (the “Account Terms”). In the event of inconsistency between these Campaign terms and conditions and the Account Terms, the prevailing order shall be as follows:

(i)these Campaign terms and conditions; and

(ii) the Account Terms.

24. This Campaign is organized by Welab Bank Limited.

25. If there is any inconsistency or conflict between the English and Chinese version, the English version shall prevail.

Effective Date: 7 June 2021