Exhibit 4.16





Term Sheet of USDCNH Target Redemption Knock-Out Forward



|IMPORTANT NOTICE 重要通知
        This product (the “Product”)
        is a structured product involving derivatives. The investment decision is yours but you should not invest in the Product unless
        we who sell it to you have explained to you that the Product is suitable for you having regard to your financial situation, investment
        experience and investment objectives. The Product is not equivalent to time deposit and is not protected under the Deposit Protection
        Scheme in Hong Kong.
        此產品(下稱「本產品」)乃涉及金融衍生工具的結構性產品。
        投資決定是由你(們)自行作出的。但你(們)不應投資在本產品除非本行於銷售本產品時已向你(們)解釋經考慮你(們)的財務情況、投資經驗及目標後,本產品是適合你(們)的。本產品並不等同定期存款,亦不是香港的存款保障計劃下的受保障存款。
        The contents of this Term Sheet
        have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer.
        If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
        本產品說明書的內容未經在香港的規管當局審核。你(們)應就有關要約謹慎行事。如你(們)對本產品說明書的任何內容有任何疑問,你(們)應尋求獨立專業意見。
        <<非公開銷售>>
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Purpose of Term Sheet 產品說明書的目的



This Term Sheet is for indication
and/or discussion purposes only and has no binding effect. Further, it shall not be construed as an offer, recommendation or solicitation
to enter into any transaction. Terms or conditions contained herein are for reference, may vary, modify, delete or revoke when
circumstances require, and will be subject to the final trade terms of the transaction set forth in the legally binding agreement
and /or confirmation.本產品說明書供參考及/或討論之用,並不具約束力。同時,本產品說明書並不構成對任何交易的要約、建議或招攬行為。本產品說明書下的條款及細則僅作參考用,得因情況需要而改變、修改、取消或撤銷,並應以具法律約束性的協議及/或確認書中所載列之最終交易條款為準。



We are not acting as your advisor
or agent in connection with the Product. This Term Sheet does not purport to exhaustively list or summarize all of the terms and
conditions of a particular transaction, nor to identify or define all or any of the risks (direct or indirect) that would be associated
with the contemplated transaction. Prior to entering into a transaction, you should consult your own financial, tax, accounting,
legal and other advisors that you consider appropriate and make your own investment, hedging, and trading decisions without reliance
on us. We shall not be liable to all loss and damage suffered or sustained by you arising out of or in connection with your entering
into the transaction contemplated hereunder.本行並非你(們)之顧問或代理人。本產品說明書並不擬詳盡列出或概括個別交易的所有條款及條文,亦不擬指出或界定所有或任何涉及預期交易的風險(不論直接或間接)。於進行交易前,倘若你(們)認為適當應向財務、稅務、會計、法律或其他顧問進行諮詢及於不依賴本行的前提下自行作出投資、對沖或交易决定。本行對你(們)進行預期的交易而招致或導致的損失及損害毋須承擔任何責任。



Notwithstanding that we shall
use our best endeavor to ensure that the information contained herein is reliable, we make no representation or undertaking as
to the accuracy, update or completeness of any information contained herein or otherwise provided by us.儘管本行將竭盡所能確保本產品說明書所含有關之資料應為可靠,惟本行不會就本產品說明書所含有關之資料或其他由本行提供的資料的準確性、及時性、或完整性作出任何保證或承諾。





Indicative Terms and Conditions:

參考交易條款:

|Party A             | Taishin International Bank, Hong Kong Branch                                                                
|------------------- | ------------------------------------------------------------------------------------------------------------
|Party B             | STAND BEST CREATION LIMITED (CIF: 006469)                                                                   
|Reference No.       | STR-OP-02714-02717                                                                                          
|Trade Date          | 22 Nov 2013                                                                                                 
|Notional Per Fixing | USD 2,000,000 per Fixing                                                                                    
|Leverage            | 2 Times                                                                                                     
|Settlement          | Cash Settlement                                                                                             
|Fixing Dates        | On monthly basis, each Fixing Date will be 2 business days prior to each Delivery Date, as per Date Schedule





- 1 -







|Delivery Dates                     | On monthly basis, as per Date Schedule                                                                                                                 
|---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------
|Business Dates (Fixing)            | Hong Kong                                                                                                                                              
|Business Dates (Settlement)        | Hong Kong, New York, Beijing                                                                                                                           
|Business Day Convention            | Modified Following                                                                                                                                     
|Strike Rate                        | 6.1500                                                                                                                                                 
|Target Knock-Out Value (Target KO) | 0.3000 (Exact)                                                                                                                                         
|Monthly ITM Intrinsic Value        | Monthly ITM Intrinsic value= max[(Strike Rate - USD/CNH Fixing Rate),0)]                                                                               
|Knock-Out Event (KO Event)         | Knock-Out Event is deemed to have occurred if the accumulated ITM Intrinsic Value(including the present period’s) is greater than or equal to Target KO





|Fixing Date
    Scenario | If
    Knock-Out Event has not occurred on or before the ith Fixing Date, and USD/CNH Fixing Rate is:
|------------------------ | -----------------------------------------------------------------------------------------------------
|                         | -                                                                                                    
|                         | -                                                                                                    
|                         | Else, if Knock-Out Event occurs on the ith Fixing Date,                                              
|                         | -                                                                                                    
|                         | -                                                                                                    







|Adjusted Strike Rate | Adjusted Strike Rate
        
        = USD/CNH Fixing Rate + (Target KO - accumulated
        ITM Intrinsic Value(excluding the present fixing’s))                                                                                                                            
|-------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|USD/CNH Fixing Rate  | The arithmetic mean of the ‘bid’ and ‘offer’ fixing of USD/CNH (CNH per USD) as appearing on <CNHFIX=> at or around 11:15 AM Hong Kong Time on the ith Fixing Date. If such rate is not available, the rate will be determined by the Calculation Agent in its sole discretion.





|Date Schedule | Month     | Fixing Date | Delivery Date
|------------- | --------- | ----------- | -------------
|1             | 23-Dec-13 | 27-Dec-13  
|2             | 23-Jan-14 | 27-Jan-14  
|3             | 24-Feb-14 | 26-Feb-14  
|4             | 24-Mar-14 | 26-Mar-14  
|5             | 24-Apr-14 | 28-Apr-14  
|6             | 23-May-14 | 27-May-14  
|7             | 24-Jun-14 | 26-Jun-14  
|8             | 24-Jul-14 | 28-Jul-14  
|9             | 22-Aug-14 | 26-Aug-14  
|10            | 24-Sep-14 | 26-Sep-14  
|11            | 23-Oct-14 | 27-Oct-14  
|12            | 24-Nov-14 | 26-Nov-14  





|Calculation Agent | Taishin International Bank, Hong Kong Branch
|----------------- | --------------------------------------------
|Governing Law     | English Law                                 





- 2 -







|Documentation文件 | This term sheet is issued subject to the
        terms of ISDA Master Agreement / “Financial Transaction Master Agreement” and “Master Agreement for Structured
        Product” (the “Terms”) promulgated from time to time by Taishin International Bank Co., Limited, Hong Kong Branch.
        If there is any conflict between this term sheet and the Terms, the provisions herein shall prevail. Unless otherwise provided,
        all defined terms in the 2006 ISDA Definitions / the 1998 FX and Currency Option Definitions as well as other applicable definitions
        are adopted herein.
        本產品說明依據
        ISDA 總協議的條文發出
        / 由台新國際商業銀行股份有限公司,香港分行不時制訂的「金融交易總協議」及「台新國際商業銀行香港分行組合式商品交易主契約書」(下統稱「協總議」) 的條文發出。 倘若本產品說明與總協議的條文有任何差異,以本產品說明條文為準。除非另有規定,本產品說明採納
        2006         ISDA 定義 及
        1998 外匯與貨幣選擇權定義及其他適用的定義。
|--------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Scenario Analysis 情境分析



|USD/CNH Fixing | Gain/Loss      | KO Event                                                                                                                                                                              
|-------------- | -------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|5.9800         | US$56,856.19   | KO Event is deemed to have
        occurred if the Accumulated ITM
        Intrinsic Value (including the
        present Fixing’s) is greater than
        or
        equal to 0.3000
|5.9900         | US$53,422.37  
|6.0000         | US$50,000.00  
|6.0100         | US$46,589.02  
|6.0200         | US$43,189.37  
|6.0300         | US$39,801.00  
|6.0400         | US$36,423.84  
|6.0500         | US$33,057.85  
|6.0600         | US$29,702.97  
|6.0700         | US$26,359.14  
|6.0800         | US$23,026.32  
|6.0900         | US$19,704.43  
|6.1000         | US$16,393.44  
|6.1100         | US$13,093.29  
|6.1200         | US$9,803.92   
|6.1300         | US$6,525.29   
|6.1400         | US$3,257.33   
|6.1500         | US$0.00       
|6.1600         | -US$6,493.51  
|6.1700         | -US$12,965.96 
|6.1800         | -US$19,417.48 
|6.1900         | -US$25,848.14 
|6.2000         | -US$32,258.06 
|6.2100         | -US$38,647.34 
|6.2200         | -US$45,016.08 
|6.2300         | -US$51,364.37 
|6.2400         | -US$57,692.31 
|6.2500         | -US$64,000.00 
|6.2600         | -US$70,287.54 
|6.2700         | -US$76,555.02 
|6.2800         | -US$82,802.55 
|6.2900         | -US$89,030.21 
|6.3000         | -US$95,238.10 
|6.3100         | -US$101,426.31
|6.3200         | -US$107,594.94
|6.3300         | -US$113,744.08































- 3 -









Risk Disclosure 風險披露



You should
carefully understand the nature and risks of the Product before entering into the Product and assess your own financial status
and risk tolerance level for the purpose of ensuring that the Product is suitable to you. Further, you are advised to read and
understand the risks which include, without limitation, the following risks.

你(們)欲承作本產品前,應先小心了解本產品之性質及風險程度,並評估本身之財務狀況及風險承受能力,是否適合於承作本產品,且於承作本產品前,請詳讀及了解包括但不限於下列各類風險。



The risks associated with the
Product are in general classified as follows:本產品主要風險大致可分為下列幾類:



| | 1. | Multiple Loss Risk 倍數損失風險
| | -- | -------------------------

| |  | The Product is not principal protected. You may suffer substantial
loss when the market turns or becomes against or adverse to you. This is because you are required to take up multiple times of
the agreed amount of the underlying asset (at the strike price) periodically. In the worst scenario (sell call option), your loss
may be unlimited.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 本產品並不保本。當市況變得或變成不利於你(們)時,你(們)可能會蒙受重大虧損。因為,你(們)須依定價時程表(按照履約價)吸納議定倍數的基礎資產。你(們)在賣出買權之最壞的情形下,損失金額可能無限大。
| |  | ---------------------------------------------------------------------------------------------------



| | 2. | Knock – Out Event Risk 觸及失效事件風險
| | -- | -------------------------------

| |  | If the Product had a knock-out event, the market price of the underlying asset is at or above the
knock price, the contract will terminate (i.e. you will cease to accumulate any further underlying asset since the knock-out event
happened). The potential profit therefore is capped by the knock-out event.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 若本產品含觸及失效事件條款,基礎資產市價達至或高於觸及價時,合約將被終止(即由觸及失效日期起將不再累積任何基礎資產)。因此潛在獲利上限會被觸及失效事件鎖定。
| |  | ------------------------------------------------------------------------------



| | 3. | Return Volatility Risk 回報波動風險
                                                                  The return under the Product will depend on market conditions prevailing at the relevant Fixing Date And Time. The level of
                                                                  the underlying assets may go up as well as down during the tenure and the same will affect the return.本產品的報酬取決於比價日和時間的市場狀況。基礎資產的水平於交易期限內可升可跌且會影響回報。
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | 4. | Early Termination Risk 提早終止風險
The Product is an over-the-counter product and you may have no other options but to contact us and request for an early termination
and which termination shall be subject to the terms and conditions to be agreed between you and us. We are not obliged to agree
to early termination and you will be liable to all costs and expenses in connection with the early termination if we so agree.
In addition, longer tenor contracts associated with higher risks and, in principle , higher costs for early termination.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    | 本產品為店頭市場交易產品。你(們)除請求本行同意以雙方同意的條款及細則提前終止本產品外可能別無他法。但是,本行無義務務必同意提前終止的要求。同時,你(們)亦必須承擔因提前終止而衍生的費用及支出(如本行同意提前終止)。除此之外,年期較長的合約會有較高的風險及,原則上,較高的提早終止費用。                                                                                                                                                                                                                                                                                                                                                                                                          





| | 5. | Credit Risk 信用風險
                                                                  The Product is subject to the creditworthiness of us and to the extent permitted by law, there is no assurance of protection
                                                                  against a default by us in respect of our payment obligations.本產品將受限於本行的信用。於法律容許的範圍內,本行不會就本行付款責任的失責作出任何保證或保障。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | Event Risk 事件風險
                                                                  The terms and conditions of the Product are subject to change in case of occurrence of certain events which include, without
                                                                  limitation, market movement, market disruption, mergers and acquisitions, suspension of trading, nationalization, insolvency
                                                                  and revision of laws applicable to taxation.本產品的條款及細則可能基於若干事件的發生(包括但不限於:市場變動、市場擾亂、合併、暫停交易、國有化、破產及稅法修訂等事件)而須予以調整。
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | Exchange Rate Risk 匯率風險
                                                                  If the Product is entered into in a currency other than the domestic currency and you choose to convert it back to the
                                                                  domestic currency upon maturity, you may make a gain or loss as a result of exchange rate fluctuation.如你(們)以非本地貨幣承作本產品,而你(們)於到期時選擇將交易的貨幣兌換成本地貨幣,則你(們)可能會因為滙率的波動而得益或損失。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





- 4 -







| | 8. | Tax Risk 稅賦風險
                                                                  You should seek independent tax advice before entering into the Product. We are not in the business of providing tax advice
                                                                  and therefore cannot be relied upon to advise, nor take any responsibility for the taxation implication in respect of the
                                                                  Product.你(們)應於承作本產品前尋求獨立的稅務意見。本行並非從事提供稅務意見的業務。因此,你(們)不應依賴本行對本產品的稅務意見。同時,本行不對本產品的稅務影響承擔任何責任。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | Potential Conflict of Interest Risk 潛在利益衝突風險
                                                                  We and/or our affiliates will conduct transactions as principal and as agent in the market in which the Product is traded,
                                                                  including, the buying or selling of the Product. Those trading activities may affect (whether positively or negatively) the
                                                                  price of the Product at any point in time. Further, we also act as the calculation agent and, to that extent, our interest
                                                                  may conflict with yours.本行及/或本行的相關連公司於本產品進行交易的市場中將以主事人或代理人身份進行交易,包括買賣本產品。此舉於任何時點均可能影響本產品的價格(無論是正面或負面的影響)。此外,本行亦是本產品的結算機構,於上述範圍內,本行的利益與你(們)的利益可能存在衝突。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | Maximum Exposure Risk 最大曝險風險
                                                                   You should carefully evaluate the maximum exposure before entering into the Product for hedging purpose. In particular, you
                                                                   are strongly advised that the proposed maximum exposure associated with the Product (or the resulting total maximum exposure
                                                                   after taking into account other outstanding accumulator type contract) shall not be materially higher than your positions or
                                                                   anticipated cash outflows in the relevant foreign currency.若你(們)的交易是以對沖為目的,你(們)應事先小心評估最大曝險金額。特別是,你(們)被強烈建議,涉及本產品的可能最大曝險額(或計算其他未平倉的累計期權類型合約後產生的最大曝險總額)不應過度超越你(們)的相關外幣的持倉量或相關貨幣的預計現金流出量。
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





- 5 -









Confidentiality 機密

The information contained herein
is confidential and may not be copied, reproduced or otherwise disseminated in whole or in part without our prior written consent
unless required by your professional advisors.



本產品說明書所含有關之資料均為機密資料,未經本行事先的書面同意不得全部或部份地複印、複製或傳播,你(們)專業顧問要求者除外。



Language 語言

In case of conflict between the
English version and Chinese version of this Term Sheet, the English Version shall prevail.若本產品說明書的中文及英文版本文義存在歧異,悉依英文版本為準。







|                                                                      
|----------------------------------------------------------------------
|Client’s Acknowledgment and Declaration 客戶的確認及聲明                      
|                                                                      
|The Client, the undersigned, acknowledges and declares the followings:
|客戶,下列簽署人,確認及聲明並下列事項:                                                  
|                                                                      
|(i)                                                                   
|                                                                      
|(ii)                                                                  
|                                                                      
|(iii)                                                                 
|                                                                      
|(iv)                                                                  
|                                                                      
|(v)                                                                   
|                                                                      
|                                                                      
|                                                                      





|_____________________________
        Client Signature(s) and Chop (if any):
        客戶簽署及印章(如有)
        
        
        日期Date:
|----------------------------------------------------------------------------------------------------------------------------------







- 6 -













Term Sheet of USDCNH Target
Redemption Forward With EKI



|IMPORTANT NOTICE 重要通知
        This product (the “Product”)
        is a structured product involving derivatives. The investment decision is yours but you should not invest in the Product unless
        we who sell it to you have explained to you that the Product is suitable for you having regard to your financial situation, investment
        experience and investment objectives. The Product is not equivalent to time deposit and is not protected under the Deposit Protection
        Scheme in Hong Kong.
        此產品(下稱「本產品」)乃涉及金融衍生工具的結構性產品。
        投資決定是由你(們)自行作出的。但你(們)不應投資在本產品除非本行於銷售本產品時已向你(們)解釋經考慮你(們)的財務情況、投資經驗及目標後,本產品是適合你(們)的。本產品並不等同定期存款,亦不是香港的存款保障計劃下的受保障存款。
        The contents of this Term Sheet
        have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer.
        If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
        本產品說明書的內容未經在香港的規管當局審核。你(們)應就有關要約謹慎行事。如你(們)對本產品說明書的任何內容有任何疑問,你(們)應尋求獨立專業意見。
        <<非公開銷售>>
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Purpose of Term Sheet 產品說明書的目的



This Term Sheet is for indication
and/or discussion purposes only and has no binding effect. Further, it shall not be construed as an offer, recommendation or solicitation
to enter into any transaction. Terms or conditions contained herein are for reference, may vary, modify, delete or revoke when
circumstances require, and will be subject to the final trade terms of the transaction set forth in the legally binding agreement
and /or confirmation.本產品說明書供參考及/或討論之用,並不具約束力。同時,本產品說明書並不構成對任何交易的要約、建議或招攬行為。本產品說明書下的條款及細則僅作參考用,得因情況需要而改變、修改、取消或撤銷,並應以具法律約束性的協議及/或確認書中所載列之最終交易條款為準。



We are not acting as your advisor
or agent in connection with the Product. This Term Sheet does not purport to exhaustively list or summarize all of the terms and
conditions of a particular transaction, nor to identify or define all or any of the risks (direct or indirect) that would be associated
with the contemplated transaction. Prior to entering into a transaction, you should consult your own financial, tax, accounting,
legal and other advisors that you consider appropriate and make your own investment, hedging, and trading decisions without reliance
on us. We shall not be liable to all loss and damage suffered or sustained by you arising out of or in connection with your entering
into the transaction contemplated hereunder.本行並非你(們)之顧問或代理人。本產品說明書並不擬詳盡列出或概括個別交易的所有條款及條文,亦不擬指出或界定所有或任何涉及預期交易的風險(不論直接或間接)。於進行交易前,倘若你(們)認為適當應向財務、稅務、會計、法律或其他顧問進行諮詢及於不依賴本行的前提下自行作出投資、對沖或交易决定。本行對你(們)進行預期的交易而招致或導致的損失及損害毋須承擔任何責任。



Notwithstanding that we shall
use our best endeavor to ensure that the information contained herein is reliable, we make no representation or undertaking as
to the accuracy, update or completeness of any information contained herein or otherwise provided by us.儘管本行將竭盡所能確保本產品說明書所含有關之資料應為可靠,惟本行不會就本產品說明書所含有關之資料或其他由本行提供的資料的準確性、及時性、或完整性作出任何保證或承諾。





Indicative Terms and Conditions:

參考交易條款:

|Party A (Bank)      | Taishin International Bank, Hong Kong Branch                                                                
|------------------- | ------------------------------------------------------------------------------------------------------------
|Party B (Client)    | STAND BEST CREATION LIMITED (CIF: 006469)                                                                   
|Reference No.       | STR-OP-02934-02937                                                                                          
|Trade Date          | 31 Dec 2013                                                                                                 
|Notional Per Fixing | USD 2,000,000 per Fixing                                                                                    
|Leverage            | 2 Times                                                                                                     
|Settlement          | Cash Settlement                                                                                             
|Fixing Dates        | On monthly basis, each Fixing Date will be 2 business days prior to each Delivery Date, as per Date Schedule







- 7 -







|Delivery Dates                       | On monthly basis, as per Date Schedule                                                                                                                 
|------------------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------
|Business Days for Fixing Date        | Hong Kong                                                                                                                                              
|Business Days for Settlement Date    | Hong Kong, New York, Beijing                                                                                                                           
|Business Day Convention              | Modified Following                                                                                                                                     
|Strike Rate                          | 6.1150                                                                                                                                                 
|European Knock – In                  | 6.1800                                                                                                                                                 
|Target Knock – Out Value (Target KO) | 0.2000 (Exact)                                                                                                                                         
|Total Number Of fixings              | 12                                                                                                                                                     
|Monthly ITM Intrinsic Value          | Monthly ITM Intrinsic value
        
        = max[(Strike Rate - USD/CNH Fixing Rate),0)]                                                             
|Knock – Out Event (KO Event)         | Knock-Out Event is deemed to have occurred if the accumulated ITM Intrinsic Value(including the present period’s) is greater than or equal to Target KO



|Fixing Date
    Scenario | If
    Knock-Out Event has not occurredon or before the ith Fixing Date, andUSD/CNH Fixing Rateis:
|------------------------ | --------------------------------------------------------------------------------------------------
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | Else, if Knock-Out Event occurs on the ith Fixing Date,                                           
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         |                                                                                                   
|                         |                                                                                                   



|Adjusted Strike Rate | Adjusted Strike Rate
        
        = USD/CNH Fixing Rate + (Target KO - accumulated ITM Intrinsic
        Value(excluding the present fixing’s))                                                                                                                            
|-------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|USD/CNH Fixing Rate  | The arithmetic mean of the ‘bid’ and ‘offer’ fixing of USD/CNH (CNH per USD) as appearing on <CNHFIX=> at or around 11:15 AM Hong Kong Time on the ith Fixing Date. If such rate is not available, the rate will be determined by the Calculation Agent in its sole discretion.







- 8 -











|Date
    Schedule | Month    | Fixing Date | Delivery Date
|----------------- | -------- | ----------- | -------------
|1                 | 5-Feb-14 | 7-Feb-14   
|2                 | 4-Mar-14 | 6-Mar-14   
|3                 | 4-Apr-14 | 8-Apr-14   
|4                 | 2-May-14 | 7-May-14   
|5                 | 4-Jun-14 | 6-Jun-14   
|6                 | 3-Jul-14 | 7-Jul-14   
|7                 | 4-Aug-14 | 6-Aug-14   
|8                 | 4-Sep-14 | 10-Sep-14  
|9                 | 6-Oct-14 | 8-Oct-14   
|10                | 4-Nov-14 | 6-Nov-14   
|11                | 4-Dec-14 | 8-Dec-14   
|12                | 2-Jan-15 | 6-Jan-15   





|Calculation Agent | Taishin International Bank, Hong Kong Branch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|----------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Governing Law     | English Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|Documentation文件   | This term sheet is issued subject to the
        terms of ISDA Master Agreement / “Financial Transaction Master Agreement” and “Master Agreement for Structured
        Product” (the “Terms”) promulgated from time to time by Taishin International Bank Co., Limited, Hong Kong Branch.
        If there is any conflict between this term sheet and the Terms, the provisions herein shall prevail. Unless otherwise provided,
        all defined terms in the 2006 ISDA Definitions / the 1998 FX and Currency Option Definitions as well as other applicable definitions
        are adopted herein.
        本產品說明依據ISDA總協議的條文發出
        / 由台新國際商業銀行股份有限公司,香港分行不時制訂的「金融交易總協議」及「台新國際商業銀行香港分行組合式商品交易主契約書」(下統稱「協總議」)
        的條文發出。 倘若本產品說明與總協議的條文有任何差異,以本產品說明條文為準。除非另有規定,本產品說明採納2006
        ISDA定義 及1998外匯與貨幣選擇權定義及其他適用的定義。







- 9 -









Scenario Analysis 情境分析



|USD/CNH Fixing | Gain/Loss      | Knock - Out Event                                                                                                                                                                      
|-------------- | -------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|6.0000         | US$38,333.33   | Knock-Out Event is deemed to
        have occurred if the accumulated
        ITM Intrinsic Value(including the
        present period's) is greater than or
        equal to Target KO
|6.0100         | US$34,941.76  
|6.0200         | US$31,561.46  
|6.0300         | US$28,192.37  
|6.0400         | US$24,834.44  
|6.0500         | US$21,487.60  
|6.0600         | US$18,151.82  
|6.0700         | US$14,827.02  
|6.0800         | US$11,513.16  
|6.0900         | US$8,210.18   
|6.1000         | US$4,918.03   
|6.1100         | US$1,636.66   
|6.1150         | US$0.00       
|6.1200         | US$0.00       
|6.1300         | US$0.00       
|6.1400         | US$0.00       
|6.1500         | US$0.00       
|6.1600         | US$0.00       
|6.1700         | US$0.00       
|6.1800         | US$0.00       
|6.1900         | -US$48,465.27 
|6.2000         | -US$54,838.71 
|6.2100         | -US$61,191.63 
|6.2200         | -US$67,524.12 
|6.2300         | -US$73,836.28 
|6.2400         | -US$80,128.21 
|6.2500         | -US$86,400.00 
|6.2600         | -US$92,651.76 
|6.2700         | -US$98,883.57 
|6.2800         | -US$105,095.54
|6.2900         | -US$111,287.76
|6.3000         | -US$117,460.32
|6.3100         | -US$123,613.31
|6.3200         | -US$129,746.84
|6.3300         | -US$135,860.98
|6.3400         | -US$141,955.84
|6.3500         | -US$148,031.50
|6.3600         | -US$154,088.05















- 10 -









Risk Disclosure 風險披露

You should
carefully understand the nature and risks of the Product before entering into the Product and assess your own financial status
and risk tolerance level for the purpose of ensuring that the Product is suitable to you. Further, you are advised to read and
understand the risks which include, without limitation, the following risks.

你(們)欲承作本產品前,應先小心了解本產品之性質及風險程度,並評估本身之財務狀況及風險承受能力,是否適合於承作本產品,且於承作本產品前,請詳讀及了解包括但不限於下列各類風險。



The risks associated with the
Product are in general classified as follows:本產品主要風險大致可分為下列幾類:



| | 1. | Multiple Loss Risk 倍數損失風險
| | -- | -------------------------

| |  | The Product is not principal protected. You may suffer substantial
loss when the market turns or becomes against or adverse to you. This is because you are required to take up multiple times of
the agreed amount of the underlying asset (at the strike price) periodically. In the worst scenario (sell call option), your loss
may be unlimited.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 本產品並不保本。當市況變得或變成不利於你(們)時,你(們)可能會蒙受重大虧損。因為,你(們)須依定價時程表(按照履約價)吸納議定倍數的基礎資產。你(們)在賣出買權之最壞的情形下,損失金額可能無限大。
| |  | ---------------------------------------------------------------------------------------------------



| | 2. | Knock – Out Event Risk 觸及失效事件風險
| | -- | -------------------------------

| |  | If the Product had a knock-out event, the market price of the underlying asset is at or above the
knock price, the contract will terminate (i.e. you will cease to accumulate any further underlying asset since the knock-out event
happened). The potential profit therefore is capped by the knock-out event.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 若本產品含觸及失效事件條款,基礎資產市價達至或高於觸及價時,合約將被終止(即由觸及失效日期起將不再累積任何基礎資產)。因此潛在獲利上限會被觸及失效事件鎖定。
| |  | ------------------------------------------------------------------------------



| | 3. | Return Volatility Risk 回報波動風險
                                                                  The return under the Product will depend on market conditions prevailing at the relevant Fixing Date And Time. The level of
                                                                  the underlying assets may go up as well as down during the tenure and the same will affect the return.本產品的報酬取決於比價日和時間的市場狀況。基礎資產的水平於交易期限內可升可跌且會影響回報。
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Early Termination Risk 提早終止風險
The Product is an over-the-counter product and you may have no other options but to contact us and request for an early termination
and which termination shall be subject to the terms and conditions to be agreed between you and us. We are not obliged to agree
to early termination and you will be liable to all costs and expenses in connection with the early termination if we so agree.
In addition, longer tenor contracts associated with higher risks and, in principle , higher costs for early termination.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    | 本產品為店頭市場交易產品。你(們)除請求本行同意以雙方同意的條款及細則提前終止本產品外可能別無他法。但是,本行無義務務必同意提前終止的要求。同時,你(們)亦必須承擔因提前終止而衍生的費用及支出(如本行同意提前終止)。除此之外,年期較長的合約會有較高的風險及,原則上,較高的提早終止費用。                                                                                                                                                                                                                                                                                                                                                                                                          

| |  | 
| |  | 





| | 5. | Credit Risk 信用風險
                                                                  The Product is subject to the creditworthiness of us and to the extent permitted by law, there is no assurance of protection
                                                                  against a default by us in respect of our payment obligations.本產品將受限於本行的信用。於法律容許的範圍內,本行不會就本行付款責任的失責作出任何保證或保障。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | Event Risk 事件風險
                                                                  The terms and conditions of the Product are subject to change in case of occurrence of certain events which include, without
                                                                  limitation, market movement, market disruption, mergers and acquisitions, suspension of trading, nationalization, insolvency
                                                                  and revision of laws applicable to taxation.本產品的條款及細則可能基於若干事件的發生(包括但不限於:市場變動、市場擾亂、合併、暫停交易、國有化、破產及稅法修訂等事件)而須予以調整。
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | Exchange Rate Risk 匯率風險
                                                                  If the Product is entered into in a currency other than the domestic currency and you choose to convert it back to the
                                                                  domestic currency upon maturity, you may make a gain or loss as a result of exchange rate fluctuation.如你(們)以非本地貨幣承作本產品,而你(們)於到期時選擇將交易的貨幣兌換成本地貨幣,則你(們)可能會因為滙率的波動而得益或損失。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Tax Risk 稅賦風險
                                                                  You should seek independent tax advice before entering into the Product. We are not in the business of providing tax advice
                                                                  and therefore cannot be relied upon to advise, nor take any responsibility for the taxation implication in respect of the
                                                                  Product.你(們)應於承作本產品前尋求獨立的稅務意見。本行並非從事提供稅務意見的業務。因此,你(們)不應依賴本行對本產品的稅務意見。同時,本行不對本產品的稅務影響承擔任何責任。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





- 11 -







| | 9. | Potential Conflict of Interest Risk 潛在利益衝突風險
                                                                  We and/or our affiliates will conduct transactions as principal and as agent in the market in which the Product is traded,
                                                                  including, the buying or selling of the Product. Those trading activities may affect (whether positively or negatively) the
                                                                  price of the Product at any point in time. Further, we also act as the calculation agent and, to that extent, our interest
                                                                  may conflict with yours.本行及/或本行的相關連公司於本產品進行交易的市場中將以主事人或代理人身份進行交易,包括買賣本產品。此舉於任何時點均可能影響本產品的價格(無論是正面或負面的影響)。此外,本行亦是本產品的結算機構,於上述範圍內,本行的利益與你(們)的利益可能存在衝突。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | Maximum Exposure Risk最大曝險風險 You should carefully evaluate the maximum exposure before
                                                                   entering into the Product for hedging purpose. In particular, you are strongly advised that the proposed maximum exposure
                                                                   associated with the Product (or the resulting total maximum exposure after taking into account other outstanding accumulator
                                                                   type contract) shall not be materially higher than your positions or anticipated cash outflows in the relevant foreign
                                                                   currency.若你(們)的交易是以對沖為目的,你(們)應事先小心評估最大曝險金額。特別是,你(們)被強烈建議,涉及本產品的可能最大曝險額(或計算其他未平倉的累計期權類型合約後產生的最大曝險總額)不應過度超越你(們)的相關外幣的持倉量或相關貨幣的預計現金流出量。
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





- 12 -











Confidentiality 機密

The information contained herein
is confidential and may not be copied, reproduced or otherwise disseminated in whole or in part without our prior written consent
unless required by your professional advisors.



本產品說明書所含有關之資料均為機密資料,未經本行事先的書面同意不得全部或部份地複印、複製或傳播,你(們)專業顧問要求者除外。



Language 語言

In case of conflict between the
English version and Chinese version of this Term Sheet, the English Version shall prevail.若本產品說明書的中文及英文版本文義存在歧異,悉依英文版本為準。









|                                                                      
|----------------------------------------------------------------------
|Client’s Acknowledgment and Declaration 客戶的確認及聲明                      
|                                                                      
|The Client, the undersigned, acknowledges and declares the followings:
|客戶,下列簽署人,確認及聲明並下列事項:                                                  
|                                                                      
|(i)                                                                   
|                                                                      
|(ii)                                                                  
|                                                                      
|(iii)                                                                 
|                                                                      
|(iv)                                                                  
|                                                                      
|(v)                                                                   
|                                                                      
|                                                                      
|                                                                      





|_____________________________
        Client Signature(s) and Chop (if any):
        客戶簽署及印章(如有)
        
        
        日期Date:
|----------------------------------------------------------------------------------------------------------------------------------





- 13 -











Term Sheet of USDCNH Target Redemption
Forward with EKI



|IMPORTANT NOTICE 重要通知
        This product (the “Product”)
        is a structured product involving derivatives. The investment decision is yours but you should not invest in the Product unless
        we who sell it to you have explained to you that the Product is suitable for you having regard to your financial situation, investment
        experience and investment objectives. The Product is not equivalent to time deposit and is not protected under the Deposit Protection
        Scheme in Hong Kong.
        此產品(下稱「本產品」)乃涉及金融衍生工具的結構性產品。
        投資決定是由你(們)自行作出的。但你(們)不應投資在本產品除非本行於銷售本產品時已向你(們)解釋經考慮你(們)的財務情況、投資經驗及目標後,本產品是適合你(們)的。本產品並不等同定期存款,亦不是香港的存款保障計劃下的受保障存款。
        The contents of this Term Sheet
        have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer.
        If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
        本產品說明書的內容未經在香港的規管當局審核。你(們)應就有關要約謹慎行事。如你(們)對本產品說明書的任何內容有任何疑問,你(們)應尋求獨立專業意見。
        <<非公開銷售>>
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Purpose of Term Sheet 產品說明書的目的



This Term Sheet is for indication
and/or discussion purposes only and has no binding effect. Further, it shall not be construed as an offer, recommendation or solicitation
to enter into any transaction. Terms or conditions contained herein are for reference, may vary, modify, delete or revoke when
circumstances require, and will be subject to the final trade terms of the transaction set forth in the legally binding agreement
and /or confirmation.本產品說明書供參考及/或討論之用,並不具約束力。同時,本產品說明書並不構成對任何交易的要約、建議或招攬行為。本產品說明書下的條款及細則僅作參考用,得因情況需要而改變、修改、取消或撤銷,並應以具法律約束性的協議及/或確認書中所載列之最終交易條款為準。

We are not acting as your advisor
or agent in connection with the Product. This Term Sheet does not purport to exhaustively list or summarize all of the terms and
conditions of a particular transaction, nor to identify or define all or any of the risks (direct or indirect) that would be associated
with the contemplated transaction. Prior to entering into a transaction, you should consult your own financial, tax, accounting,
legal and other advisors that you consider appropriate and make your own investment, hedging, and trading decisions without reliance
on us. We shall not be liable to all loss and damage suffered or sustained by you arising out of or in connection with your entering
into the transaction contemplated hereunder.本行並非你(們)之顧問或代理人。本產品說明書並不擬詳盡列出或概括個別交易的所有條款及條文,亦不擬指出或界定所有或任何涉及預期交易的風險(不論直接或間接)。於進行交易前,倘若你(們)認為適當應向財務、稅務、會計、法律或其他顧問進行諮詢及於不依賴本行的前提下自行作出投資、對沖或交易决定。本行對你(們)進行預期的交易而招致或導致的損失及損害毋須承擔任何責任。



Notwithstanding that we shall
use our best endeavor to ensure that the information contained herein is reliable, we make no representation or undertaking as
to the accuracy, update or completeness of any information contained herein or otherwise provided by us.儘管本行將竭盡所能確保本產品說明書所含有關之資料應為可靠,惟本行不會就本產品說明書所含有關之資料或其他由本行提供的資料的準確性、及時性、或完整性作出任何保證或承諾。





Indicative Terms and Conditions:

參考交易條款:

|Party A             | Taishin International Bank, Hong Kong Branch                                              
|------------------- | ------------------------------------------------------------------------------------------
|Party B             | STAND BEST CREATION LIMITED (CIF: 006469)                                                 
|Reference No.       | STR-OP-03390-03393                                                                        
|Trade Date          | 15 Jan 2014                                                                               
|Notional Per Fixing | USD 5,000,000 per Fixing                                                                  
|Leverage            | 2 Times                                                                                   
|Settlement          | Cash Settlement                                                                           
|Fixing Dates        | Each Fixing Date will be 2 business days prior to each Delivery Date, as per Date Schedule





- 14 -









|Delivery Dates                     | As per Date Schedule                                                                                                                                   
|---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------
|Business Dates (Fixing)            | Hong Kong                                                                                                                                              
|Business Dates (Settlement)        | Hong Kong, New York                                                                                                                                    
|Business Day Convention            | Following                                                                                                                                              
|Strike Rate                        | 6.0850                                                                                                                                                 
|European Knock-In                  | 6.1400                                                                                                                                                 
|Target Knock-Out Value (Target KO) | 0.2500 (Exact)                                                                                                                                         
|ITM Intrinsic Value                | ITM Intrinsic value= max[(Strike Rate - USD/CNH Fixing Rate),0)]                                                                                       
|Knock-Out Event (KO Event)         | Knock-Out Event is deemed to have occurred if the accumulated ITM Intrinsic Value(including the present period’s) is greater than or equal to Target KO



|Fixing Date
    Scenario | If
    Knock-Out Event has not occurredon or before the ith Fixing Date, andUSD/CNH Fixing Rateis:
|------------------------ | --------------------------------------------------------------------------------------------------
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | Else, if Knock-Out Event occurs on the ith Fixing Date,                                           
|                         | -                                                                                                 
|                         | -                                                                                                 





|Adjusted Strike Rate | Adjusted Strike Rate
        
        = USD/CNH Fixing Rate + (Target KO - accumulated ITM Intrinsic
        Value(excluding the present fixing’s))                                                                                                                     
|-------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|USD/CNH Fixing Rate  | The arithmetic mean of the ‘bid’ and ‘offer’ fixing of USD/CNH (CNH per USD) as appearing on <CNHFIX=> at or around 11:15 AM HK Time on the ith Fixing Date. If such rate is not available, the rate will be determined by the Calculation Agent in its sole discretion.







- 15 -









|   | Month     | Fixing Date | Delivery Date
|-- | --------- | ----------- | -------------
|1  | 14-Feb-14 | 18-Feb-14  
|2  | 13-Mar-14 | 17-Mar-14  
|3  | 15-Apr-14 | 17-Apr-14  
|4  | 15-May-14 | 19-May-14  
|5  | 13-Jun-14 | 17-Jun-14  
|6  | 15-Jul-14 | 17-Jul-14  
|7  | 14-Aug-14 | 18-Aug-14  
|8  | 15-Sep-14 | 17-Sep-14  
|9  | 15-Oct-14 | 17-Oct-14  
|10 | 13-Nov-14 | 17-Nov-14  
|11 | 15-Dec-14 | 17-Dec-14  
|12 | 22-Dec-14 | 24-Dec-14  
|13 | 29-Dec-14 | 31-Dec-14  
|14 | 5-Jan-15  | 7-Jan-15   
|15 | 12-Jan-15 | 14-Jan-15  





|Calculation Agent | Taishin International Bank, Hong Kong Branch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|----------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Governing Law     | English Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|Documentation文件   | This term sheet is issued subject to the
        terms of ISDA Master Agreement / “Financial Transaction Master Agreement” and “Master Agreement for Structured
        Product” (the “Terms”) promulgated from time to time by Taishin International Bank Co., Limited, Hong Kong Branch.
        If there is any conflict between this term sheet and the Terms, the provisions herein shall prevail. Unless otherwise provided,
        all defined terms in the 2006 ISDA Definitions / the 1998 FX and Currency Option Definitions as well as other applicable definitions
        are adopted herein.
        本產品說明依據ISDA總協議的條文發出
        / 由台新國際商業銀行股份有限公司,香港分行不時制訂的「金融交易總協議」及「台新國際商業銀行香港分行組合式商品交易主契約書」(下統稱「協總議」)
        的條文發出。 倘若本產品說明與總協議的條文有任何差異,以本產品說明條文為準。除非另有規定,本產品說明採納2006
        ISDA 定義 及
        1998 外匯與貨幣選擇權定義及其他適用的定義。







- 16 -







Scenario Analysis 情境分析

|USD/CNH Fixing | Gain/Loss      | KO Event                                                                                                                                              
|-------------- | -------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------
|6.0000         | US$70,833.33   | KO Event is deemed to have 
occurred if the Accumulated ITM 
Intrinsic Value (including the 
present Fixing’s) is greater than or 
equal to Target KO.
|6.0100         | US$62,396.01  
|6.0200         | US$53,986.71  
|6.0300         | US$45,605.31  
|6.0400         | US$37,251.66  
|6.0500         | US$28,925.62  
|6.0600         | US$20,627.06  
|6.0700         | US$12,355.85  
|6.0850         | US$0.00       
|6.0900         | US$0.00       
|6.1000         | US$0.00       
|6.1100         | US$0.00       
|6.1200         | US$0.00       
|6.1300         | US$0.00       
|6.1400         | US$0.00       
|6.1500         | -US$105,691.06
|6.1600         | -US$121,753.25
|6.1700         | -US$137,763.37



Risk Disclosure 風險披露



You should
carefully understand the nature and risks of the Product before entering into the Product and assess your own financial status
and risk tolerance level for the purpose of ensuring that the Product is suitable to you. Further, you are advised to read and
understand the risks which include, without limitation, the following risks.

你(們)欲承作本產品前,應先小心了解本產品之性質及風險程度,並評估本身之財務狀況及風險承受能力,是否適合於承作本產品,且於承作本產品前,請詳讀及了解包括但不限於下列各類風險。



The risks associated with the
Product are in general classified as follows:本產品主要風險大致可分為下列幾類:



| | 1. | Multiple Loss Risk 倍數損失風險
| | -- | -------------------------

| |  | The Product
                                         is not principal protected. You may suffer substantial loss when the market turns or
                                         becomes against or adverse to you. This is because you are required to take up multiple
                                         times of the agreed amount of the underlying asset (at the strike price) periodically.
                                         In the worst scenario (sell call option), your loss may be unlimited.
| |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 本產品並不保本。當市況變得或變成不利於你(們)時,你(們)可能會蒙受重大虧損。因為,你(們)須依定價時程表(按照履約價)吸納議定倍數的基礎資產。你(們)在賣出買權之最壞的情形下,損失金額可能無限大。
| |  | ---------------------------------------------------------------------------------------------------



| | 2. | Knock – Out Event Risk 觸及失效事件風險
| | -- | -------------------------------

| |  | If the Product had a knock-out event, the market price of the underlying asset is at or above the
knock price, the contract will terminate (i.e. you will cease to accumulate any further underlying asset since the knock-out event
happened). The potential profit therefore is capped by the knock-out event.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 若本產品含觸及失效事件條款,基礎資產市價達至或高於觸及價時,合約將被終止(即由觸及失效日期起將不再累積任何基礎資產)。因此潛在獲利上限會被觸及失效事件鎖定。
| |  | ------------------------------------------------------------------------------



| | 3. | Return Volatility Risk 回報波動風險
                                                                  The return under the Product will depend on market conditions prevailing at the relevant Fixing Date And Time. The level of
                                                                  the underlying assets may go up as well as down during the tenure and the same will affect the return.本產品的報酬取決於比價日和時間的市場狀況。基礎資產的水平於交易期限內可升可跌且會影響回報。
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Early Termination Risk 提早終止風險
The Product is an over-the-counter product and you may have no other options but to contact us and request for an early termination
and which termination shall be subject to the terms and conditions to be agreed between you and us. We are not obliged to agree
to early termination and you will be liable to all costs and expenses in connection with the early termination if we so agree.
In addition, longer tenor contracts associated with higher risks and, in principle , higher costs for early termination.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    | 本產品為店頭市場交易產品。你(們)除請求本行同意以雙方同意的條款及細則提前終止本產品外可能別無他法。但是,本行無義務務必同意提前終止的要求。同時,你(們)亦必須承擔因提前終止而衍生的費用及支出(如本行同意提前終止)。除此之外,年期較長的合約會有較高的風險及,原則上,較高的提早終止費用。                                                                                                                                                                                                                                                                                                                                                                                                          

| |  | 
| |  | 





- 17 -







| | 5. | Credit Risk 信用風險
                                                                  The Product is subject to the creditworthiness of us and to the extent permitted by law, there is no assurance of protection
                                                                  against a default by us in respect of our payment obligations.本產品將受限於本行的信用。於法律容許的範圍內,本行不會就本行付款責任的失責作出任何保證或保障。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | Event Risk 事件風險
                                                                  The terms and conditions of the Product are subject to change in case of occurrence of certain events which include, without
                                                                  limitation, market movement, market disruption, mergers and acquisitions, suspension of trading, nationalization, insolvency
                                                                  and revision of laws applicable to taxation.本產品的條款及細則可能基於若干事件的發生(包括但不限於:市場變動、市場擾亂、合併、暫停交易、國有化、破產及稅法修訂等事件)而須予以調整。
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | Exchange Rate Risk 匯率風險
                                                                  If the Product is entered into in a currency other than the domestic currency and you choose to convert it back to the
                                                                  domestic currency upon maturity, you may make a gain or loss as a result of exchange rate fluctuation.如你(們)以非本地貨幣承作本產品,而你(們)於到期時選擇將交易的貨幣兌換成本地貨幣,則你(們)可能會因為滙率的波動而得益或損失。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Tax Risk 稅賦風險
                                                                  You should seek independent tax advice before entering into the Product. We are not in the business of providing tax advice
                                                                  and therefore cannot be relied upon to advise, nor take any responsibility for the taxation implication in respect of the
                                                                  Product.你(們)應於承作本產品前尋求獨立的稅務意見。本行並非從事提供稅務意見的業務。因此,你(們)不應依賴本行對本產品的稅務意見。同時,本行不對本產品的稅務影響承擔任何責任。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | Potential Conflict of Interest Risk 潛在利益衝突風險
                                                                  We and/or our affiliates will conduct transactions as principal and as agent in the market in which the Product is traded,
                                                                  including, the buying or selling of the Product. Those trading activities may affect (whether positively or negatively) the
                                                                  price of the Product at any point in time. Further, we also act as the calculation agent and, to that extent, our interest
                                                                  may conflict with yours.本行及/或本行的相關連公司於本產品進行交易的市場中將以主事人或代理人身份進行交易,包括買賣本產品。此舉於任何時點均可能影響本產品的價格(無論是正面或負面的影響)。此外,本行亦是本產品的結算機構,於上述範圍內,本行的利益與你(們)的利益可能存在衝突。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | Maximum Exposure Risk 最大曝險風險
                                                                   You should carefully evaluate the maximum exposure before entering into the Product for hedging purpose. In particular, you
                                                                   are strongly advised that the proposed maximum exposure associated with the Product (or the resulting total maximum exposure
                                                                   after taking into account other outstanding accumulator type contract) shall not be materially higher than your positions or
                                                                   anticipated cash outflows in the relevant foreign currency.若你(們)的交易是以對沖為目的,你(們)應事先小心評估最大曝險金額。特別是,你(們)被強烈建議,涉及本產品的可能最大曝險額(或計算其他未平倉的累計期權類型合約後產生的最大曝險總額)不應過度超越你(們)的相關外幣的持倉量或相關貨幣的預計現金流出量。
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Confidentiality 機密

The information contained herein
is confidential and may not be copied, reproduced or otherwise disseminated in whole or in part without our prior written consent
unless required by your professional advisors.



本產品說明書所含有關之資料均為機密資料,未經本行事先的書面同意不得全部或部份地複印、複製或傳播,你(們)專業顧問要求者除外。



Language 語言

In case of conflict between the
English version and Chinese version of this Term Sheet, the English Version shall prevail.若本產品說明書的中文及英文版本文義存在歧異,悉依英文版本為準。





- 18 -













|                                                                      
|----------------------------------------------------------------------
|Client’s Acknowledgment and Declaration 客戶的確認及聲明                      
|                                                                      
|The Client, the undersigned, acknowledges and declares the followings:
|客戶,下列簽署人,確認及聲明並下列事項:                                                  
|                                                                      
|(i)                                                                   
|                                                                      
|(ii)                                                                  
|                                                                      
|(iii)                                                                 
|                                                                      
|(iv)                                                                  
|                                                                      
|(v)                                                                   
|                                                                      
|                                                                      
|                                                                      





|_____________________________
        Client Signature(s) and Chop (if any):
        客戶簽署及印章(如有)
        
        
        日期Date:
|----------------------------------------------------------------------------------------------------------------------------------





- 19 -











Term Sheet of USDCNH Target Redemption
Forward with EKI



|IMPORTANT NOTICE 重要通知
        This product (the “Product”)
        is a structured product involving derivatives. The investment decision is yours but you should not invest in the Product unless
        we who sell it to you have explained to you that the Product is suitable for you having regard to your financial situation, investment
        experience and investment objectives. The Product is not equivalent to time deposit and is not protected under the Deposit Protection
        Scheme in Hong Kong.
        此產品(下稱「本產品」)乃涉及金融衍生工具的結構性產品。
        投資決定是由你(們)自行作出的。但你(們)不應投資在本產品除非本行於銷售本產品時已向你(們)解釋經考慮你(們)的財務情況、投資經驗及目標後,本產品是適合你(們)的。本產品並不等同定期存款,亦不是香港的存款保障計劃下的受保障存款。
        The contents of this Term Sheet
        have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer.
        If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
        本產品說明書的內容未經在香港的規管當局審核。你(們)應就有關要約謹慎行事。如你(們)對本產品說明書的任何內容有任何疑問,你(們)應尋求獨立專業意見。
        <<非公開銷售>>
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Purpose of Term Sheet 產品說明書的目的



This Term Sheet is for indication
and/or discussion purposes only and has no binding effect. Further, it shall not be construed as an offer, recommendation or solicitation
to enter into any transaction. Terms or conditions contained herein are for reference, may vary, modify, delete or revoke when
circumstances require, and will be subject to the final trade terms of the transaction set forth in the legally binding agreement
and /or confirmation.本產品說明書供參考及/或討論之用,並不具約束力。同時,本產品說明書並不構成對任何交易的要約、建議或招攬行為。本產品說明書下的條款及細則僅作參考用,得因情況需要而改變、修改、取消或撤銷,並應以具法律約束性的協議及/或確認書中所載列之最終交易條款為準。



We are not acting as your advisor
or agent in connection with the Product. This Term Sheet does not purport to exhaustively list or summarize all of the terms and
conditions of a particular transaction, nor to identify or define all or any of the risks (direct or indirect) that would be associated
with the contemplated transaction. Prior to entering into a transaction, you should consult your own financial, tax, accounting,
legal and other advisors that you consider appropriate and make your own investment, hedging, and trading decisions without reliance
on us. We shall not be liable to all loss and damage suffered or sustained by you arising out of or in connection with your entering
into the transaction contemplated hereunder.本行並非你(們)之顧問或代理人。本產品說明書並不擬詳盡列出或概括個別交易的所有條款及條文,亦不擬指出或界定所有或任何涉及預期交易的風險(不論直接或間接)。於進行交易前,倘若你(們)認為適當應向財務、稅務、會計、法律或其他顧問進行諮詢及於不依賴本行的前提下自行作出投資、對沖或交易决定。本行對你(們)進行預期的交易而招致或導致的損失及損害毋須承擔任何責任。



Notwithstanding that we shall
use our best endeavor to ensure that the information contained herein is reliable, we make no representation or undertaking as
to the accuracy, update or completeness of any information contained herein or otherwise provided by us.儘管本行將竭盡所能確保本產品說明書所含有關之資料應為可靠,惟本行不會就本產品說明書所含有關之資料或其他由本行提供的資料的準確性、及時性、或完整性作出任何保證或承諾。





Indicative Terms and Conditions:

參考交易條款:

|Party A             | Taishin International Bank, Hong Kong Branch                                              
|------------------- | ------------------------------------------------------------------------------------------
|Party B             | STAND BEST CREATION LIMITED (CIF: 006469)                                                 
|Reference No.       | STR-OP-03480-03483                                                                        
|Trade Date          | 22 Jan 2014                                                                               
|Notional Per Fixing | USD 4,000,000 per Fixing                                                                  
|Leverage            | 2 Times                                                                                   
|Settlement          | Cash Settlement                                                                           
|Fixing Dates        | Each Fixing Date will be 2 business days prior to each Delivery Date, as per Date Schedule





- 20 -







|Delivery Dates                     | As per Date Schedule                                                                                                                                   
|---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------
|Business Dates (Fixing)            | Hong Kong                                                                                                                                              
|Business Dates (Settlement)        | Hong Kong, New York                                                                                                                                    
|Business Day Convention            | Following                                                                                                                                              
|Strike Rate                        | 6.0900                                                                                                                                                 
|European Knock-In                  | 6.1500                                                                                                                                                 
|Target Knock-Out Value (Target KO) | 0.2500 (Exact)                                                                                                                                         
|ITM Intrinsic Value                | ITM Intrinsic value= max[(Strike Rate - USD/CNH Fixing Rate),0)]                                                                                       
|Knock-Out Event (KO Event)         | Knock-Out Event is deemed to have occurred if the accumulated ITM Intrinsic Value(including the present period’s) is greater than or equal to Target KO



|Fixing Date
    Scenario | If
    Knock-Out Event has not occurredon or before the ith Fixing Date, andUSD/CNH Fixing Rateis:
|------------------------ | --------------------------------------------------------------------------------------------------
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | Else, if Knock-Out Event occurs on the ith Fixing Date,                                           
|                         | -                                                                                                 
|                         | -                                                                                                 



|Adjusted Strike Rate | Adjusted Strike Rate
        
        = USD/CNH Fixing Rate + (Target KO - accumulated ITM Intrinsic
        Value(excluding the present fixing’s))                                                                                                                     
|-------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|USD/CNH Fixing Rate  | The arithmetic mean of the ‘bid’ and ‘offer’ fixing of USD/CNH (CNH per USD) as appearing on <CNHFIX=> at or around 11:15 AM HK Time on the ith Fixing Date. If such rate is not available, the rate will be determined by the Calculation Agent in its sole discretion.





- 21 -









|Date Schedule | Month     | Fixing Date | Delivery Date
|------------- | --------- | ----------- | -------------
|1             | 24-Feb-14 | 26-Feb-14  
|2             | 24-Mar-14 | 26-Mar-14  
|3             | 24-Apr-14 | 28-Apr-14  
|4             | 27-May-14 | 29-May-14  
|5             | 24-Jun-14 | 26-Jun-14  
|6             | 24-Jul-14 | 28-Jul-14  
|7             | 25-Aug-14 | 27-Aug-14  
|8             | 24-Sep-14 | 26-Sep-14  
|9             | 24-Oct-14 | 28-Oct-14  
|10            | 24-Nov-14 | 26-Nov-14  
|11            | 24-Dec-14 | 29-Dec-14  
|12            | 31-Dec-14 | 2-Jan-15   
|13            | 7-Jan-15  | 9-Jan-15   
|14            | 14-Jan-15 | 16-Jan-15  
|15            | 21-Jan-15 | 23-Jan-15  





|Calculation Agent | Taishin International Bank, Hong Kong Branch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|----------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Governing Law     | English Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Documentation文件   | This term sheet is issued subject to the
        terms of ISDA Master Agreement / “Financial Transaction Master Agreement” and “Master Agreement for Structured
        Product” (the “Terms”) promulgated from time to time by Taishin International Bank Co., Limited, Hong Kong Branch.
        If there is any conflict between this term sheet and the Terms, the provisions herein shall prevail. Unless otherwise provided,
        all defined terms in the 2006 ISDA Definitions / the 1998 FX and Currency Option Definitions as well as other applicable definitions
        are adopted herein.
        本產品說明依據ISDA總協議的條文發出
        / 由台新國際商業銀行股份有限公司,香港分行不時制訂的「金融交易總協議」及「台新國際商業銀行香港分行組合式商品交易主契約書」(下統稱「協總議」)
        的條文發出。 倘若本產品說明與總協議的條文有任何差異,以本產品說明條文為準。除非另有規定,本產品說明採納
        2006         ISDA 定義 及
        1998 外匯與貨幣選擇權定義及其他適用的定義。





- 22 -









Scenario Analysis 情境分析

|USD/CNH Fixing | Gain/Loss      | KO Event                                                                                                                                              
|-------------- | -------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------
|6.0000         | US$60,000.00   | KO Event is deemed to have 
occurred if the Accumulated ITM 
Intrinsic Value (including the 
present Fixing’s) is greater than or 
equal to Target KO.
|6.0100         | US$53,244.59  
|6.0200         | US$46,511.63  
|6.0300         | US$39,801.00  
|6.0400         | US$33,112.58  
|6.0500         | US$26,446.28  
|6.0600         | US$19,801.98  
|6.0700         | US$13,179.57  
|6.0800         | US$6,578.95   
|6.0900         | US$0.00       
|6.1000         | US$0.00       
|6.1100         | US$0.00       
|6.1200         | US$0.00       
|6.1300         | US$0.00       
|6.1400         | US$0.00       
|6.1500         | US$0.00       
|6.1600         | -US$90,909.09 
|6.1700         | -US$103,727.71



Risk Disclosure 風險披露



You should
carefully understand the nature and risks of the Product before entering into the Product and assess your own financial status
and risk tolerance level for the purpose of ensuring that the Product is suitable to you. Further, you are advised to read and
understand the risks which include, without limitation, the following risks.

你(們)欲承作本產品前,應先小心了解本產品之性質及風險程度,並評估本身之財務狀況及風險承受能力,是否適合於承作本產品,且於承作本產品前,請詳讀及了解包括但不限於下列各類風險。



The risks associated with the
Product are in general classified as follows:本產品主要風險大致可分為下列幾類:



| | 1. | Multiple Loss Risk 倍數損失風險
| | -- | -------------------------

| |  | The Product is not principal protected. You may suffer substantial
loss when the market turns or becomes against or adverse to you. This is because you are required to take up multiple times of
the agreed amount of the underlying asset (at the strike price) periodically. In the worst scenario (sell call option), your loss
may be unlimited.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 本產品並不保本。當市況變得或變成不利於你(們)時,你(們)可能會蒙受重大虧損。因為,你(們)須依定價時程表(按照履約價)吸納議定倍數的基礎資產。你(們)在賣出買權之最壞的情形下,損失金額可能無限大。
| |  | ---------------------------------------------------------------------------------------------------



| | 2. | Knock – Out Event Risk 觸及失效事件風險
| | -- | -------------------------------

| |  | If the Product had a knock-out event, the market price of the underlying asset is at or above the
knock price, the contract will terminate (i.e. you will cease to accumulate any further underlying asset since the knock-out event
happened). The potential profit therefore is capped by the knock-out event.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 若本產品含觸及失效事件條款,基礎資產市價達至或高於觸及價時,合約將被終止(即由觸及失效日期起將不再累積任何基礎資產)。因此潛在獲利上限會被觸及失效事件鎖定。
| |  | ------------------------------------------------------------------------------



| | 3. | Return Volatility Risk 回報波動風險
                                                                  The return under the Product will depend on market conditions prevailing at the relevant Fixing Date And Time. The level of
                                                                  the underlying assets may go up as well as down during the tenure and the same will affect the return.本產品的報酬取決於比價日和時間的市場狀況。基礎資產的水平於交易期限內可升可跌且會影響回報。
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | 4. | Early Termination Risk 提早終止風險
The Product is an over-the-counter product and you may have no other options but to contact us and request for an early termination
and which termination shall be subject to the terms and conditions to be agreed between you and us. We are not obliged to agree
to early termination and you will be liable to all costs and expenses in connection with the early termination if we so agree.
In addition, longer tenor contracts associated with higher risks and, in principle , higher costs for early termination.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    | 本產品為店頭市場交易產品。你(們)除請求本行同意以雙方同意的條款及細則提前終止本產品外可能別無他法。但是,本行無義務務必同意提前終止的要求。同時,你(們)亦必須承擔因提前終止而衍生的費用及支出(如本行同意提前終止)。除此之外,年期較長的合約會有較高的風險及,原則上,較高的提早終止費用。                                                                                                                                                                                                                                                                                                                                                                                                          

| |  | 
| |  | 





- 23 -









| | 5. | Credit Risk 信用風險
                                                                  The Product is subject to the creditworthiness of us and to the extent permitted by law, there is no assurance of protection
                                                                  against a default by us in respect of our payment obligations.本產品將受限於本行的信用。於法律容許的範圍內,本行不會就本行付款責任的失責作出任何保證或保障。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | Event Risk 事件風險
                                                                  The terms and conditions of the Product are subject to change in case of occurrence of certain events which include, without
                                                                  limitation, market movement, market disruption, mergers and acquisitions, suspension of trading, nationalization, insolvency
                                                                  and revision of laws applicable to taxation.本產品的條款及細則可能基於若干事件的發生(包括但不限於:市場變動、市場擾亂、合併、暫停交易、國有化、破產及稅法修訂等事件)而須予以調整。
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | Exchange Rate Risk 匯率風險
                                                                  If the Product is entered into in a currency other than the domestic currency and you choose to convert it back to the
                                                                  domestic currency upon maturity, you may make a gain or loss as a result of exchange rate fluctuation.如你(們)以非本地貨幣承作本產品,而你(們)於到期時選擇將交易的貨幣兌換成本地貨幣,則你(們)可能會因為滙率的波動而得益或損失。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Tax Risk 稅賦風險
                                                                  You should seek independent tax advice before entering into the Product. We are not in the business of providing tax advice
                                                                  and therefore cannot be relied upon to advise, nor take any responsibility for the taxation implication in respect of the
                                                                  Product.你(們)應於承作本產品前尋求獨立的稅務意見。本行並非從事提供稅務意見的業務。因此,你(們)不應依賴本行對本產品的稅務意見。同時,本行不對本產品的稅務影響承擔任何責任。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | Potential Conflict of Interest Risk 潛在利益衝突風險
                                                                  We and/or our affiliates will conduct transactions as principal and as agent in the market in which the Product is traded,
                                                                  including, the buying or selling of the Product. Those trading activities may affect (whether positively or negatively) the
                                                                  price of the Product at any point in time. Further, we also act as the calculation agent and, to that extent, our interest
                                                                  may conflict with yours.本行及/或本行的相關連公司於本產品進行交易的市場中將以主事人或代理人身份進行交易,包括買賣本產品。此舉於任何時點均可能影響本產品的價格(無論是正面或負面的影響)。此外,本行亦是本產品的結算機構,於上述範圍內,本行的利益與你(們)的利益可能存在衝突。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | Maximum Exposure Risk 最大曝險風險
                                                                   You should carefully evaluate the maximum exposure before entering into the Product for hedging purpose. In particular, you
                                                                   are strongly advised that the proposed maximum exposure associated with the Product (or the resulting total maximum exposure
                                                                   after taking into account other outstanding accumulator type contract) shall not be materially higher than your positions or
                                                                   anticipated cash outflows in the relevant foreign currency.若你(們)的交易是以對沖為目的,你(們)應事先小心評估最大曝險金額。特別是,你(們)被強烈建議,涉及本產品的可能最大曝險額(或計算其他未平倉的累計期權類型合約後產生的最大曝險總額)不應過度超越你(們)的相關外幣的持倉量或相關貨幣的預計現金流出量。
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Confidentiality 機密

The information contained herein
is confidential and may not be copied, reproduced or otherwise disseminated in whole or in part without our prior written consent
unless required by your professional advisors.



本產品說明書所含有關之資料均為機密資料,未經本行事先的書面同意不得全部或部份地複印、複製或傳播,你(們)專業顧問要求者除外。



Language 語言

In case of conflict between the
English version and Chinese version of this Term Sheet, the English Version shall prevail.若本產品說明書的中文及英文版本文義存在歧異,悉依英文版本為準。







- 24 -















|                                                                      
|----------------------------------------------------------------------
|Client’s Acknowledgment and Declaration 客戶的確認及聲明                      
|                                                                      
|The Client, the undersigned, acknowledges and declares the followings:
|客戶,下列簽署人,確認及聲明並下列事項:                                                  
|                                                                      
|(i)                                                                   
|                                                                      
|(ii)                                                                  
|                                                                      
|(iii)                                                                 
|                                                                      
|(iv)                                                                  
|                                                                      
|(v)                                                                   
|                                                                      
|                                                                      
|                                                                      





|_____________________________
        Client Signature(s) and Chop (if any):
        客戶簽署及印章(如有)
        
        
        日期Date:
|----------------------------------------------------------------------------------------------------------------------------------





- 25 -













Term Sheet of USDCNH Target Redemption
Forward with EKI



|IMPORTANT NOTICE 重要通知
        This product (the “Product”)
        is a structured product involving derivatives. The investment decision is yours but you should not invest in the Product unless
        we who sell it to you have explained to you that the Product is suitable for you having regard to your financial situation, investment
        experience and investment objectives. The Product is not equivalent to time deposit and is not protected under the Deposit Protection
        Scheme in Hong Kong.
        此產品(下稱「本產品」)乃涉及金融衍生工具的結構性產品。
        投資決定是由你(們)自行作出的。但你(們)不應投資在本產品除非本行於銷售本產品時已向你(們)解釋經考慮你(們)的財務情況、投資經驗及目標後,本產品是適合你(們)的。本產品並不等同定期存款,亦不是香港的存款保障計劃下的受保障存款。
        The contents of this Term Sheet
        have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer.
        If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
        本產品說明書的內容未經在香港的規管當局審核。你(們)應就有關要約謹慎行事。如你(們)對本產品說明書的任何內容有任何疑問,你(們)應尋求獨立專業意見。
        <<非公開銷售>>
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Purpose of Term Sheet 產品說明書的目的



This Term Sheet is for indication
and/or discussion purposes only and has no binding effect. Further, it shall not be construed as an offer, recommendation or solicitation
to enter into any transaction. Terms or conditions contained herein are for reference, may vary, modify, delete or revoke when
circumstances require, and will be subject to the final trade terms of the transaction set forth in the legally binding agreement
and /or confirmation.本產品說明書供參考及/或討論之用,並不具約束力。同時,本產品說明書並不構成對任何交易的要約、建議或招攬行為。本產品說明書下的條款及細則僅作參考用,得因情況需要而改變、修改、取消或撤銷,並應以具法律約束性的協議及/或確認書中所載列之最終交易條款為準。



We are not acting as your advisor
or agent in connection with the Product. This Term Sheet does not purport to exhaustively list or summarize all of the terms and
conditions of a particular transaction, nor to identify or define all or any of the risks (direct or indirect) that would be associated
with the contemplated transaction. Prior to entering into a transaction, you should consult your own financial, tax, accounting,
legal and other advisors that you consider appropriate and make your own investment, hedging, and trading decisions without reliance
on us. We shall not be liable to all loss and damage suffered or sustained by you arising out of or in connection with your entering
into the transaction contemplated hereunder.本行並非你(們)之顧問或代理人。本產品說明書並不擬詳盡列出或概括個別交易的所有條款及條文,亦不擬指出或界定所有或任何涉及預期交易的風險(不論直接或間接)。於進行交易前,倘若你(們)認為適當應向財務、稅務、會計、法律或其他顧問進行諮詢及於不依賴本行的前提下自行作出投資、對沖或交易决定。本行對你(們)進行預期的交易而招致或導致的損失及損害毋須承擔任何責任。



Notwithstanding that we shall
use our best endeavor to ensure that the information contained herein is reliable, we make no representation or undertaking as
to the accuracy, update or completeness of any information contained herein or otherwise provided by us.儘管本行將竭盡所能確保本產品說明書所含有關之資料應為可靠,惟本行不會就本產品說明書所含有關之資料或其他由本行提供的資料的準確性、及時性、或完整性作出任何保證或承諾。





Indicative Terms and Conditions:

參考交易條款:

|Party A             | Taishin International Bank, Hong Kong Branch                                              
|------------------- | ------------------------------------------------------------------------------------------
|Party B             | STAND BEST CREATION LIMITED (CIF: 006469)                                                 
|Reference No.       | STR-OP-03578-03581                                                                        
|Trade Date          | 28 Jan 2014                                                                               
|Notional Per Fixing | USD 3,500,000 per Fixing                                                                  
|Leverage            | 2 Times                                                                                   
|Settlement          | Cash Settlement                                                                           
|Fixing Dates        | Each Fixing Date will be 2 business days prior to each Delivery Date, as per Date Schedule





- 26 -









|Delivery Dates                     | As per Date Schedule                                                                                                                                   
|---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------
|Business Dates (Fixing)            | Hong Kong                                                                                                                                              
|Business Dates (Settlement)        | Hong Kong, New York                                                                                                                                    
|Business Day Convention            | Following                                                                                                                                              
|Strike Rate                        | 6.1100                                                                                                                                                 
|European Knock-In                  | 6.1600                                                                                                                                                 
|Target Knock-Out Value (Target KO) | 0.3000 (Exact)                                                                                                                                         
|ITM Intrinsic Value                | ITM Intrinsic value= max[(Strike Rate - USD/CNH Fixing Rate),0)]                                                                                       
|Knock-Out Event (KO Event)         | Knock-Out Event is deemed to have occurred if the accumulated ITM Intrinsic Value(including the present period’s) is greater than or equal to Target KO



|Fixing Date
    Scenario | If
    Knock-Out Event has not occurredon or before the ith Fixing Date, andUSD/CNH Fixing Rateis:
|------------------------ | --------------------------------------------------------------------------------------------------
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | Else, if Knock-Out Event occurs on the ith Fixing Date,                                           
|                         | -                                                                                                 
|                         | -                                                                                                 



|Adjusted Strike Rate | Adjusted Strike Rate
        
        = USD/CNH Fixing Rate + (Target KO - accumulated ITM Intrinsic
        Value(excluding the present fixing’s))                                                                                                                      
|-------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|USD/CNH Fixing Rate  | The arithmetic mean of the ‘bid’ and ‘offer’ fixing of USD/CNH (CNH per USD) as appearing on <CNHFIX01> at or around 11:15 AM HK Time on the ith Fixing Date. If such rate is not available, the rate will be determined by the Calculation Agent in its sole discretion.





|Date Schedule | Month     | Fixing Date | Delivery Date
|------------- | --------- | ----------- | -------------
|1             | 4-Mar-14  | 6-Mar-14   
|2             | 2-Apr-14  | 7-Apr-14   
|3             | 30-Apr-14 | 7-May-14   
|4             | 4-Jun-14  | 6-Jun-14   
|5             | 3-Jul-14  | 7-Jul-14   
|6             | 4-Aug-14  | 6-Aug-14   
|7             | 4-Sep-14  | 10-Sep-14  
|8             | 29-Sep-14 | 8-Oct-14   
|9             | 4-Nov-14  | 6-Nov-14   
|10            | 4-Dec-14  | 8-Dec-14   
|11            | 31-Dec-14 | 6-Jan-15   
|12            | 5-Jan-15  | 7-Jan-15   
|13            | 12-Jan-15 | 14-Jan-15  
|14            | 19-Jan-15 | 21-Jan-15  
|15            | 26-Jan-15 | 28-Jan-15  





|Calculation Agent | Taishin International Bank, Hong Kong Branch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|----------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Governing Law     | English Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Documentation文件   | This term sheet is issued subject to the
        terms of ISDA Master Agreement / “Financial Transaction Master Agreement” and “Master Agreement for Structured
        Product” (the “Terms”) promulgated from time to time by Taishin International Bank Co., Limited, Hong Kong Branch.
        If there is any conflict between this term sheet and the Terms, the provisions herein shall prevail. Unless otherwise provided,
        all defined terms in the 2006 ISDA Definitions / the 1998 FX and Currency Option Definitions as well as other applicable definitions
        are adopted herein.
        本產品說明依據ISDA總協議的條文發出
        / 由台新國際商業銀行股份有限公司,香港分行不時制訂的「金融交易總協議」及「台新國際商業銀行香港分行組合式商品交易主契約書」(下統稱「協總議」)
        的條文發出。 倘若本產品說明與總協議的條文有任何差異,以本產品說明條文為準。除非另有規定,本產品說明採納
        2006         ISDA 定義 及1998外匯與貨幣選擇權定義及其他適用的定義。







- 27 -









Scenario Analysis 情境分析

|USD/CNH Fixing | Gain/Loss      | KO Event                                                                                                                                             
|-------------- | -------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------
|6.0200         | US$52,325.58   | KO Event is deemed to have 
occurred if the Accumulated ITM 
Intrinsic Value(including the 
present period’s) is greater than or 
equal to Target KO.
|6.0300         | US$46,434.49  
|6.0400         | US$40,562.91  
|6.0500         | US$34,710.74  
|6.0600         | US$28,877.89  
|6.0700         | US$23,064.25  
|6.0800         | US$17,269.74  
|6.0900         | US$11,494.25  
|6.1000         | US$5,737.70   
|6.1100         | US$0.00       
|6.1200         | US$0.00       
|6.1300         | US$0.00       
|6.1400         | US$0.00       
|6.1500         | US$0.00       
|6.1600         | US$0.00       
|6.1700         | -US$68,071.31 
|6.1800         | -US$79,288.03 
|6.1900         | -US$90,468.50 
|6.2000         | -US$101,612.90



Risk Disclosure 風險披露



You should
carefully understand the nature and risks of the Product before entering into the Product and assess your own financial status
and risk tolerance level for the purpose of ensuring that the Product is suitable to you. Further, you are advised to read and
understand the risks which include, without limitation, the following risks.

你(們)欲承作本產品前,應先小心了解本產品之性質及風險程度,並評估本身之財務狀況及風險承受能力,是否適合於承作本產品,且於承作本產品前,請詳讀及了解包括但不限於下列各類風險。



The risks associated with the
Product are in general classified as follows:本產品主要風險大致可分為下列幾類:



| | 1. | Multiple Loss Risk 倍數損失風險
| | -- | -------------------------

| |  | The Product is not principal protected. You may suffer substantial
loss when the market turns or becomes against or adverse to you. This is because you are required to take up multiple times of
the agreed amount of the underlying asset (at the strike price) periodically. In the worst scenario (sell call option), your loss
may be unlimited.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 本產品並不保本。當市況變得或變成不利於你(們)時,你(們)可能會蒙受重大虧損。因為,你(們)須依定價時程表(按照履約價)吸納議定倍數的基礎資產。你(們)在賣出買權之最壞的情形下,損失金額可能無限大。
| |  | ---------------------------------------------------------------------------------------------------



| | 2. | Knock – Out Event Risk 觸及失效事件風險
| | -- | -------------------------------

| |  | If the Product had a knock-out event, the market price of the underlying asset is at or above the
knock price, the contract will terminate (i.e. you will cease to accumulate any further underlying asset since the knock-out event
happened). The potential profit therefore is capped by the knock-out event.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 若本產品含觸及失效事件條款,基礎資產市價達至或高於觸及價時,合約將被終止(即由觸及失效日期起將不再累積任何基礎資產)。因此潛在獲利上限會被觸及失效事件鎖定。
| |  | ------------------------------------------------------------------------------



| | 3. | Return Volatility Risk 回報波動風險
                                                                  The return under the Product will depend on market conditions prevailing at the relevant Fixing Date And Time. The level of
                                                                  the underlying assets may go up as well as down during the tenure and the same will affect the return.本產品的報酬取決於比價日和時間的市場狀況。基礎資產的水平於交易期限內可升可跌且會影響回報。
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Early Termination Risk 提早終止風險
The Product is an over-the-counter product and you may have no other options but to contact us and request for an early termination
and which termination shall be subject to the terms and conditions to be agreed between you and us. We are not obliged to agree
to early termination and you will be liable to all costs and expenses in connection with the early termination if we so agree.
In addition, longer tenor contracts associated with higher risks and, in principle , higher costs for early termination.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    | 本產品為店頭市場交易產品。你(們)除請求本行同意以雙方同意的條款及細則提前終止本產品外可能別無他法。但是,本行無義務務必同意提前終止的要求。同時,你(們)亦必須承擔因提前終止而衍生的費用及支出(如本行同意提前終止)。除此之外,年期較長的合約會有較高的風險及,原則上,較高的提早終止費用。                                                                                                                                                                                                                                                                                                                                                                                                          

| |  | 
| |  | 





- 28 -







| | 5. | Credit Risk 信用風險
                                                                  The Product is subject to the creditworthiness of us and to the extent permitted by law, there is no assurance of protection
                                                                  against a default by us in respect of our payment obligations.本產品將受限於本行的信用。於法律容許的範圍內,本行不會就本行付款責任的失責作出任何保證或保障。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | Event Risk 事件風險
                                                                  The terms and conditions of the Product are subject to change in case of occurrence of certain events which include, without
                                                                  limitation, market movement, market disruption, mergers and acquisitions, suspension of trading, nationalization, insolvency
                                                                  and revision of laws applicable to taxation.本產品的條款及細則可能基於若干事件的發生(包括但不限於:市場變動、市場擾亂、合併、暫停交易、國有化、破產及稅法修訂等事件)而須予以調整。
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | Exchange Rate Risk 匯率風險
                                                                  If the Product is entered into in a currency other than the domestic currency and you choose to convert it back to the
                                                                  domestic currency upon maturity, you may make a gain or loss as a result of exchange rate fluctuation.如你(們)以非本地貨幣承作本產品,而你(們)於到期時選擇將交易的貨幣兌換成本地貨幣,則你(們)可能會因為滙率的波動而得益或損失。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Tax Risk 稅賦風險
                                                                  You should seek independent tax advice before entering into the Product. We are not in the business of providing tax advice
                                                                  and therefore cannot be relied upon to advise, nor take any responsibility for the taxation implication in respect of the
                                                                  Product.你(們)應於承作本產品前尋求獨立的稅務意見。本行並非從事提供稅務意見的業務。因此,你(們)不應依賴本行對本產品的稅務意見。同時,本行不對本產品的稅務影響承擔任何責任。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | Potential Conflict of Interest Risk 潛在利益衝突風險
                                                                  We and/or our affiliates will conduct transactions as principal and as agent in the market in which the Product is traded,
                                                                  including, the buying or selling of the Product. Those trading activities may affect (whether positively or negatively) the
                                                                  price of the Product at any point in time. Further, we also act as the calculation agent and, to that extent, our interest
                                                                  may conflict with yours.本行及/或本行的相關連公司於本產品進行交易的市場中將以主事人或代理人身份進行交易,包括買賣本產品。此舉於任何時點均可能影響本產品的價格(無論是正面或負面的影響)。此外,本行亦是本產品的結算機構,於上述範圍內,本行的利益與你(們)的利益可能存在衝突。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | Maximum Exposure Risk 最大曝險風險
                                                                   You should carefully evaluate the maximum exposure before entering into the Product for hedging purpose. In particular, you
                                                                   are strongly advised that the proposed maximum exposure associated with the Product (or the resulting total maximum exposure
                                                                   after taking into account other outstanding accumulator type contract) shall not be materially higher than your positions or
                                                                   anticipated cash outflows in the relevant foreign currency.若你(們)的交易是以對沖為目的,你(們)應事先小心評估最大曝險金額。特別是,你(們)被強烈建議,涉及本產品的可能最大曝險額(或計算其他未平倉的累計期權類型合約後產生的最大曝險總額)不應過度超越你(們)的相關外幣的持倉量或相關貨幣的預計現金流出量。
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Confidentiality 機密

The information contained herein
is confidential and may not be copied, reproduced or otherwise disseminated in whole or in part without our prior written consent
unless required by your professional advisors.



本產品說明書所含有關之資料均為機密資料,未經本行事先的書面同意不得全部或部份地複印、複製或傳播,你(們)專業顧問要求者除外。



Language 語言

In case of conflict between the
English version and Chinese version of this Term Sheet, the English Version shall prevail.若本產品說明書的中文及英文版本文義存在歧異,悉依英文版本為準。





- 29 -

















|                                                                      
|----------------------------------------------------------------------
|Client’s Acknowledgment and Declaration 客戶的確認及聲明                      
|                                                                      
|The Client, the undersigned, acknowledges and declares the followings:
|客戶,下列簽署人,確認及聲明並下列事項:                                                  
|                                                                      
|(i)                                                                   
|                                                                      
|(ii)                                                                  
|                                                                      
|(iii)                                                                 
|                                                                      
|(iv)                                                                  
|                                                                      
|(v)                                                                   
|                                                                      
|                                                                      
|                                                                      





|_____________________________
        Client Signature(s) and Chop (if any):
        客戶簽署及印章(如有)
        
        
        日期Date:
|----------------------------------------------------------------------------------------------------------------------------------







- 30 -













Term Sheet of USDCNH Target Redemption
Forward with EKI



|IMPORTANT NOTICE 重要通知
        This product (the “Product”)
        is a structured product involving derivatives. The investment decision is yours but you should not invest in the Product unless
        we who sell it to you have explained to you that the Product is suitable for you having regard to your financial situation, investment
        experience and investment objectives. The Product is not equivalent to time deposit and is not protected under the Deposit Protection
        Scheme in Hong Kong.
        此產品(下稱「本產品」)乃涉及金融衍生工具的結構性產品。
        投資決定是由你(們)自行作出的。但你(們)不應投資在本產品除非本行於銷售本產品時已向你(們)解釋經考慮你(們)的財務情況、投資經驗及目標後,本產品是適合你(們)的。本產品並不等同定期存款,亦不是香港的存款保障計劃下的受保障存款。
        The contents of this Term Sheet
        have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer.
        If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
        本產品說明書的內容未經在香港的規管當局審核。你(們)應就有關要約謹慎行事。如你(們)對本產品說明書的任何內容有任何疑問,你(們)應尋求獨立專業意見。
        <<非公開銷售>>
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Purpose of Term Sheet 產品說明書的目的



This Term Sheet is for indication
and/or discussion purposes only and has no binding effect. Further, it shall not be construed as an offer, recommendation or solicitation
to enter into any transaction. Terms or conditions contained herein are for reference, may vary, modify, delete or revoke when
circumstances require, and will be subject to the final trade terms of the transaction set forth in the legally binding agreement
and /or confirmation.本產品說明書供參考及/或討論之用,並不具約束力。同時,本產品說明書並不構成對任何交易的要約、建議或招攬行為。本產品說明書下的條款及細則僅作參考用,得因情況需要而改變、修改、取消或撤銷,並應以具法律約束性的協議及/或確認書中所載列之最終交易條款為準。



We are not acting as your advisor
or agent in connection with the Product. This Term Sheet does not purport to exhaustively list or summarize all of the terms and
conditions of a particular transaction, nor to identify or define all or any of the risks (direct or indirect) that would be associated
with the contemplated transaction. Prior to entering into a transaction, you should consult your own financial, tax, accounting,
legal and other advisors that you consider appropriate and make your own investment, hedging, and trading decisions without reliance
on us. We shall not be liable to all loss and damage suffered or sustained by you arising out of or in connection with your entering
into the transaction contemplated hereunder.本行並非你(們)之顧問或代理人。本產品說明書並不擬詳盡列出或概括個別交易的所有條款及條文,亦不擬指出或界定所有或任何涉及預期交易的風險(不論直接或間接)。於進行交易前,倘若你(們)認為適當應向財務、稅務、會計、法律或其他顧問進行諮詢及於不依賴本行的前提下自行作出投資、對沖或交易决定。本行對你(們)進行預期的交易而招致或導致的損失及損害毋須承擔任何責任。



Notwithstanding that we shall
use our best endeavor to ensure that the information contained herein is reliable, we make no representation or undertaking as
to the accuracy, update or completeness of any information contained herein or otherwise provided by us.儘管本行將竭盡所能確保本產品說明書所含有關之資料應為可靠,惟本行不會就本產品說明書所含有關之資料或其他由本行提供的資料的準確性、及時性、或完整性作出任何保證或承諾。





Indicative Terms and Conditions:

參考交易條款:

|Party A             | Taishin International Bank, Hong Kong Branch                                              
|------------------- | ------------------------------------------------------------------------------------------
|Party B             | STAND BEST CREATION LIMITED (CIF: 006469)                                                 
|Reference No.       | STR-OP-03660-03663                                                                        
|Trade Date          | 07 Feb 2014                                                                               
|Notional Per Fixing | USD 2,500,000 per Fixing                                                                  
|Leverage            | 2 Times                                                                                   
|Settlement          | Cash Settlement                                                                           
|Fixing Dates        | Each Fixing Date will be 2 business days prior to each Delivery Date, as per Date Schedule





- 31 -







|Delivery Dates                     | As per Date Schedule                                                                                                                                   
|---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------
|Business Dates (Fixing)            | Hong Kong                                                                                                                                              
|Business Dates (Settlement)        | Hong Kong, New York                                                                                                                                    
|Business Day Convention            | Following                                                                                                                                              
|Strike Rate                        | 6.1000                                                                                                                                                 
|European Knock-In                  | 6.1500                                                                                                                                                 
|Target Knock-Out Value (Target KO) | 0.3000 (Exact)                                                                                                                                         
|ITM Intrinsic Value                | ITM Intrinsic value= max[(Strike Rate - USD/CNH Fixing Rate),0)]                                                                                       
|Knock-Out Event (KO Event)         | Knock-Out Event is deemed to have occurred if the accumulated ITM Intrinsic Value(including the present period’s) is greater than or equal to Target KO



|Fixing Date
    Scenario | If
    Knock-Out Event has not occurredon or before the ith Fixing Date, andUSD/CNH Fixing Rateis:
|------------------------ | --------------------------------------------------------------------------------------------------
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | Else, if Knock-Out Event occurs on the ith Fixing Date,                                           
|                         | -                                                                                                 
|                         | -                                                                                                 



|Adjusted Strike Rate | Adjusted Strike Rate
        
        = USD/CNH Fixing Rate + (Target KO - accumulated ITM Intrinsic
        Value(excluding the present fixing’s))                                                                                                                      
|-------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|USD/CNH Fixing Rate  | The arithmetic mean of the ‘bid’ and ‘offer’ fixing of USD/CNH (CNH per USD) as appearing on <CNHFIX01> at or around 11:15 AM HK Time on the ith Fixing Date. If such rate is not available, the rate will be determined by the Calculation Agent in its sole discretion.





- 32 -









|Date Schedule | Month     | Fixing Date | Delivery Date
|------------- | --------- | ----------- | -------------
|1             | 7-Mar-14  | 11-Mar-14  
|2             | 9-Apr-14  | 11-Apr-14  
|3             | 8-May-14  | 12-May-14  
|4             | 9-Jun-14  | 11-Jun-14  
|5             | 9-Jul-14  | 11-Jul-14  
|6             | 7-Aug-14  | 11-Aug-14  
|7             | 5-Sep-14  | 11-Sep-14  
|8             | 10-Oct-14 | 14-Oct-14  
|9             | 10-Nov-14 | 12-Nov-14  
|10            | 9-Dec-14  | 11-Dec-14  
|11            | 8-Jan-15  | 12-Jan-15  
|12            | 16-Jan-15 | 20-Jan-15  
|13            | 23-Jan-15 | 27-Jan-15  
|14            | 30-Jan-15 | 3-Feb-15   
|15            | 6-Feb-15  | 10-Feb-15  







|Calculation Agent | Taishin International Bank, Hong Kong Branch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|----------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Governing Law     | English Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|Documentation文件   | This term sheet is issued subject to the
        terms of ISDA Master Agreement / “Financial Transaction Master Agreement” and “Master Agreement for Structured
        Product” (the “Terms”) promulgated from time to time by Taishin International Bank Co., Limited, Hong Kong Branch.
        If there is any conflict between this term sheet and the Terms, the provisions herein shall prevail. Unless otherwise provided,
        all defined terms in the 2006 ISDA Definitions / the 1998 FX and Currency Option Definitions as well as other applicable definitions
        are adopted herein.
        本產品說明依據ISDA總協議的條文發出
        / 由台新國際商業銀行股份有限公司,香港分行不時制訂的「金融交易總協議」及「台新國際商業銀行香港分行組合式商品交易主契約書」(下統稱「協總議」)
        的條文發出。 倘若本產品說明與總協議的條文有任何差異,以本產品說明條文為準。除非另有規定,本產品說明採納2006
        ISDA 定義 及
        1998 外匯與貨幣選擇權定義及其他適用的定義。







- 33 -









Scenario Analysis 情境分析

|USD/CNH Fixing | Gain/Loss     | KO Event                                                                                                                                             
|-------------- | ------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------
|6.0200         | US$33,222.59  | KO Event is deemed to have 
occurred if the Accumulated ITM 
Intrinsic Value(including the 
present period’s) is greater than or 
equal to Target KO.
|6.0300         | US$29,021.56 
|6.0400         | US$24,834.44 
|6.0500         | US$20,661.16 
|6.0600         | US$16,501.65 
|6.0700         | US$12,355.85 
|6.0800         | US$8,223.68  
|6.0900         | US$4,105.09  
|6.1000         | US$0.00      
|6.1100         | US$0.00      
|6.1200         | US$0.00      
|6.1300         | US$0.00      
|6.1400         | US$0.00      
|6.1500         | US$0.00      
|6.1600         | -US$48,701.30
|6.1700         | -US$56,726.09
|6.1800         | -US$64,724.92
|6.1900         | -US$72,697.90
|6.2000         | -US$80,645.16



Risk Disclosure 風險披露



You should
carefully understand the nature and risks of the Product before entering into the Product and assess your own financial status
and risk tolerance level for the purpose of ensuring that the Product is suitable to you. Further, you are advised to read and
understand the risks which include, without limitation, the following risks.

你(們)欲承作本產品前,應先小心了解本產品之性質及風險程度,並評估本身之財務狀況及風險承受能力,是否適合於承作本產品,且於承作本產品前,請詳讀及了解包括但不限於下列各類風險。



The risks associated with the
Product are in general classified as follows:本產品主要風險大致可分為下列幾類:



| | 1. | Multiple Loss Risk 倍數損失風險
| | -- | -------------------------

| |  | The Product is not principal protected. You may suffer substantial
loss when the market turns or becomes against or adverse to you. This is because you are required to take up multiple times of
the agreed amount of the underlying asset (at the strike price) periodically. In the worst scenario (sell call option), your loss
may be unlimited.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 本產品並不保本。當市況變得或變成不利於你(們)時,你(們)可能會蒙受重大虧損。因為,你(們)須依定價時程表(按照履約價)吸納議定倍數的基礎資產。你(們)在賣出買權之最壞的情形下,損失金額可能無限大。
| |  | ---------------------------------------------------------------------------------------------------



| | 2. | Knock – Out Event Risk 觸及失效事件風險
| | -- | -------------------------------

| |  | If the Product had a knock-out event, the market price of the underlying asset is at or above the
knock price, the contract will terminate (i.e. you will cease to accumulate any further underlying asset since the knock-out event
happened). The potential profit therefore is capped by the knock-out event.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 若本產品含觸及失效事件條款,基礎資產市價達至或高於觸及價時,合約將被終止(即由觸及失效日期起將不再累積任何基礎資產)。因此潛在獲利上限會被觸及失效事件鎖定。
| |  | ------------------------------------------------------------------------------



| | 3. | Return Volatility Risk 回報波動風險
                                                                  The return under the Product will depend on market conditions prevailing at the relevant Fixing Date And Time. The level of
                                                                  the underlying assets may go up as well as down during the tenure and the same will affect the return.本產品的報酬取決於比價日和時間的市場狀況。基礎資產的水平於交易期限內可升可跌且會影響回報。
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Early Termination Risk 提早終止風險
The Product is an over-the-counter product and you may have no other options but to contact us and request for an early termination
and which termination shall be subject to the terms and conditions to be agreed between you and us. We are not obliged to agree
to early termination and you will be liable to all costs and expenses in connection with the early termination if we so agree.
In addition, longer tenor contracts associated with higher risks and, in principle , higher costs for early termination.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    | 本產品為店頭市場交易產品。你(們)除請求本行同意以雙方同意的條款及細則提前終止本產品外可能別無他法。但是,本行無義務務必同意提前終止的要求。同時,你(們)亦必須承擔因提前終止而衍生的費用及支出(如本行同意提前終止)。除此之外,年期較長的合約會有較高的風險及,原則上,較高的提早終止費用。                                                                                                                                                                                                                                                                                                                                                                                                          

| |  | 
| |  | 





- 34 -







| | 5. | Credit Risk 信用風險
                                                                  The Product is subject to the creditworthiness of us and to the extent permitted by law, there is no assurance of protection
                                                                  against a default by us in respect of our payment obligations.本產品將受限於本行的信用。於法律容許的範圍內,本行不會就本行付款責任的失責作出任何保證或保障。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | Event Risk 事件風險
                                                                  The terms and conditions of the Product are subject to change in case of occurrence of certain events which include, without
                                                                  limitation, market movement, market disruption, mergers and acquisitions, suspension of trading, nationalization, insolvency
                                                                  and revision of laws applicable to taxation.本產品的條款及細則可能基於若干事件的發生(包括但不限於:市場變動、市場擾亂、合併、暫停交易、國有化、破產及稅法修訂等事件)而須予以調整。
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | Exchange Rate Risk 匯率風險
                                                                  If the Product is entered into in a currency other than the domestic currency and you choose to convert it back to the
                                                                  domestic currency upon maturity, you may make a gain or loss as a result of exchange rate fluctuation.如你(們)以非本地貨幣承作本產品,而你(們)於到期時選擇將交易的貨幣兌換成本地貨幣,則你(們)可能會因為滙率的波動而得益或損失。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Tax Risk 稅賦風險
                                                                  You should seek independent tax advice before entering into the Product. We are not in the business of providing tax advice
                                                                  and therefore cannot be relied upon to advise, nor take any responsibility for the taxation implication in respect of the
                                                                  Product.你(們)應於承作本產品前尋求獨立的稅務意見。本行並非從事提供稅務意見的業務。因此,你(們)不應依賴本行對本產品的稅務意見。同時,本行不對本產品的稅務影響承擔任何責任。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | Potential Conflict of Interest Risk 潛在利益衝突風險
                                                                  We and/or our affiliates will conduct transactions as principal and as agent in the market in which the Product is traded,
                                                                  including, the buying or selling of the Product. Those trading activities may affect (whether positively or negatively) the
                                                                  price of the Product at any point in time. Further, we also act as the calculation agent and, to that extent, our interest
                                                                  may conflict with yours.本行及/或本行的相關連公司於本產品進行交易的市場中將以主事人或代理人身份進行交易,包括買賣本產品。此舉於任何時點均可能影響本產品的價格(無論是正面或負面的影響)。此外,本行亦是本產品的結算機構,於上述範圍內,本行的利益與你(們)的利益可能存在衝突。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | Maximum Exposure Risk 最大曝險風險
                                                                   You should carefully evaluate the maximum exposure before entering into the Product for hedging purpose. In particular, you
                                                                   are strongly advised that the proposed maximum exposure associated with the Product (or the resulting total maximum exposure
                                                                   after taking into account other outstanding accumulator type contract) shall not be materially higher than your positions or
                                                                   anticipated cash outflows in the relevant foreign currency.若你(們)的交易是以對沖為目的,你(們)應事先小心評估最大曝險金額。特別是,你(們)被強烈建議,涉及本產品的可能最大曝險額(或計算其他未平倉的累計期權類型合約後產生的最大曝險總額)不應過度超越你(們)的相關外幣的持倉量或相關貨幣的預計現金流出量。
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Confidentiality 機密

The information contained herein
is confidential and may not be copied, reproduced or otherwise disseminated in whole or in part without our prior written consent
unless required by your professional advisors.



本產品說明書所含有關之資料均為機密資料,未經本行事先的書面同意不得全部或部份地複印、複製或傳播,你(們)專業顧問要求者除外。



Language 語言

In case of conflict between the
English version and Chinese version of this Term Sheet, the English Version shall prevail.若本產品說明書的中文及英文版本文義存在歧異,悉依英文版本為準。





- 35 -



















|                                                                      
|----------------------------------------------------------------------
|Client’s Acknowledgment and Declaration 客戶的確認及聲明                      
|                                                                      
|The Client, the undersigned, acknowledges and declares the followings:
|客戶,下列簽署人,確認及聲明並下列事項:                                                  
|                                                                      
|(i)                                                                   
|                                                                      
|(ii)                                                                  
|                                                                      
|(iii)                                                                 
|                                                                      
|(iv)                                                                  
|                                                                      
|(v)                                                                   
|                                                                      
|                                                                      
|                                                                      





|_____________________________
        Client Signature(s) and Chop (if any):
        客戶簽署及印章(如有)
        
        
        日期Date:
|----------------------------------------------------------------------------------------------------------------------------------





- 36 -













Term Sheet of USDCNH Target Redemption
Forward with EKI



|IMPORTANT NOTICE重要通知
        This product (the “Product”)
        is a structured product involving derivatives. The investment decision is yours but you should not invest in the Product unless
        we who sell it to you have explained to you that the Product is suitable for you having regard to your financial situation, investment
        experience and investment objectives. The Product is not equivalent to time deposit and is not protected under the Deposit Protection
        Scheme in Hong Kong.
        此產品(下稱「本產品」)乃涉及金融衍生工具的結構性產品。
        投資決定是由你(們)自行作出的。但你(們)不應投資在本產品除非本行於銷售本產品時已向你(們)解釋經考慮你(們)的財務情況、投資經驗及目標後,本產品是適合你(們)的。本產品並不等同定期存款,亦不是香港的存款保障計劃下的受保障存款。
        The contents of this Term Sheet
        have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer.
        If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
        本產品說明書的內容未經在香港的規管當局審核。你(們)應就有關要約謹慎行事。如你(們)對本產品說明書的任何內容有任何疑問,你(們)應尋求獨立專業意見。
        <<非公開銷售>>
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Purpose of Term Sheet 產品說明書的目的



This Term Sheet is for indication
and/or discussion purposes only and has no binding effect. Further, it shall not be construed as an offer, recommendation or solicitation
to enter into any transaction. Terms or conditions contained herein are for reference, may vary, modify, delete or revoke when
circumstances require, and will be subject to the final trade terms of the transaction set forth in the legally binding agreement
and /or confirmation.本產品說明書供參考及/或討論之用,並不具約束力。同時,本產品說明書並不構成對任何交易的要約、建議或招攬行為。本產品說明書下的條款及細則僅作參考用,得因情況需要而改變、修改、取消或撤銷,並應以具法律約束性的協議及/或確認書中所載列之最終交易條款為準。



We are not acting as your advisor
or agent in connection with the Product. This Term Sheet does not purport to exhaustively list or summarize all of the terms and
conditions of a particular transaction, nor to identify or define all or any of the risks (direct or indirect) that would be associated
with the contemplated transaction. Prior to entering into a transaction, you should consult your own financial, tax, accounting,
legal and other advisors that you consider appropriate and make your own investment, hedging, and trading decisions without reliance
on us. We shall not be liable to all loss and damage suffered or sustained by you arising out of or in connection with your entering
into the transaction contemplated hereunder.本行並非你(們)之顧問或代理人。本產品說明書並不擬詳盡列出或概括個別交易的所有條款及條文,亦不擬指出或界定所有或任何涉及預期交易的風險(不論直接或間接)。於進行交易前,倘若你(們)認為適當應向財務、稅務、會計、法律或其他顧問進行諮詢及於不依賴本行的前提下自行作出投資、對沖或交易决定。本行對你(們)進行預期的交易而招致或導致的損失及損害毋須承擔任何責任。



Notwithstanding that we shall
use our best endeavor to ensure that the information contained herein is reliable, we make no representation or undertaking as
to the accuracy, update or completeness of any information contained herein or otherwise provided by us.儘管本行將竭盡所能確保本產品說明書所含有關之資料應為可靠,惟本行不會就本產品說明書所含有關之資料或其他由本行提供的資料的準確性、及時性、或完整性作出任何保證或承諾。





Indicative Terms and Conditions:

參考交易條款:

|Party A             | Taishin International Bank, Hong Kong Branch                                              
|------------------- | ------------------------------------------------------------------------------------------
|Party B             | STAND BEST CREATION LIMITED (CIF: 006469)                                                 
|Reference No.       | STR-OP-03692-03695                                                                        
|Trade Date          | 13 Feb 2014                                                                               
|Notional Per Fixing | USD 1,000,000 per Fixing                                                                  
|Leverage            | 2 Times                                                                                   
|Settlement          | Cash Settlement                                                                           
|Fixing Dates        | Each Fixing Date will be 2 business days prior to each Delivery Date, as per Date Schedule





- 37 -







|Delivery Dates                     | As per Date Schedule                                                                                                                                   
|---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------
|Business Dates (Fixing)            | Hong Kong                                                                                                                                              
|Business Dates (Settlement)        | Hong Kong, New York                                                                                                                                    
|Business Day Convention            | Following                                                                                                                                              
|Strike Rate                        | 6.1050                                                                                                                                                 
|European Knock-In                  | 6.1500                                                                                                                                                 
|Target Knock-Out Value (Target KO) | 0.3000 (Exact)                                                                                                                                         
|ITM Intrinsic Value                | ITM Intrinsic value= max[(Strike Rate - USD/CNH Fixing Rate),0)]                                                                                       
|Knock-Out Event (KO Event)         | Knock-Out Event is deemed to have occurred if the accumulated ITM Intrinsic Value(including the present period’s) is greater than or equal to Target KO



|Fixing Date
    Scenario | If
    Knock-Out Event has not occurredon or before the ith Fixing Date, andUSD/CNH Fixing Rateis:
|------------------------ | --------------------------------------------------------------------------------------------------
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | -                                                                                                 
|                         | Else, if Knock-Out Event occurs on the ith Fixing Date,                                           
|                         | -                                                                                                 
|                         | -                                                                                                 



|Adjusted Strike Rate | Adjusted Strike Rate
        
        = USD/CNH Fixing Rate + (Target KO - accumulated ITM Intrinsic
        Value(excluding the present fixing’s))                                                                                                                     
|-------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|USD/CNH Fixing Rate  | The arithmetic mean of the ‘bid’ and ‘offer’ fixing of USD/CNH (CNH per USD) as appearing on <CNHFIX=> at or around 11:15 AM HK Time on the ith Fixing Date. If such rate is not available, the rate will be determined by the Calculation Agent in its sole discretion.





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|Date
    Schedule | Month     | Fixing Date | Delivery Date
|----------------- | --------- | ----------- | -------------
|1                 | 13-Mar-14 | 17-Mar-14  
|2                 | 14-Apr-14 | 16-Apr-14  
|3                 | 13-May-14 | 15-May-14  
|4                 | 13-Jun-14 | 17-Jun-14  
|5                 | 14-Jul-14 | 16-Jul-14  
|6                 | 13-Aug-14 | 15-Aug-14  
|7                 | 15-Sep-14 | 17-Sep-14  
|8                 | 14-Oct-14 | 16-Oct-14  
|9                 | 13-Nov-14 | 17-Nov-14  
|10                | 15-Dec-14 | 17-Dec-14  
|11                | 13-Jan-15 | 15-Jan-15  
|12                | 20-Jan-15 | 22-Jan-15  
|13                | 27-Jan-15 | 29-Jan-15  
|14                | 03-Feb-15 | 05-Feb-15  
|15                | 10-Feb-15 | 12-Feb-15  





|Calculation Agent | Taishin International Bank, Hong Kong Branch                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|----------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Governing Law     | English Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|Documentation文件   | This term sheet is issued subject to the
        terms of ISDA Master Agreement / “Financial Transaction Master Agreement” and “Master Agreement for Structured
        Product” (the “Terms”) promulgated from time to time by Taishin International Bank Co., Limited, Hong Kong Branch.
        If there is any conflict between this term sheet and the Terms, the provisions herein shall prevail. Unless otherwise provided,
        all defined terms in the 2006 ISDA Definitions / the 1998 FX and Currency Option Definitions as well as other applicable definitions
        are adopted herein.
        本產品說明依據ISDA總協議的條文發出
        / 由台新國際商業銀行股份有限公司,香港分行不時制訂的「金融交易總協議」及「台新國際商業銀行香港分行組合式商品交易主契約書」(下統稱「協總議」)
        的條文發出。 倘若本產品說明與總協議的條文有任何差異,以本產品說明條文為準。除非另有規定,本產品說明採納2006
        ISDA 定義 及
        1998 外匯與貨幣選擇權定義及其他適用的定義。







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Scenario Analysis 情境分析

|USD/CNH Fixing | Gain/Loss     | KO Event                                                                                                                                             
|-------------- | ------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------
|6.0200         | US$14,119.60  | KO Event is deemed to have 
occurred if the Accumulated ITM 
Intrinsic Value(including the 
present period’s) is greater than or 
equal to Target KO.
|6.0300         | US$12,437.81 
|6.0400         | US$10,761.59 
|6.0500         | US$9,090.91  
|6.0600         | US$7,425.74  
|6.0700         | US$5,766.06  
|6.0800         | US$4,111.84  
|6.0900         | US$2,463.05  
|6.1050         | US$0.00      
|6.1100         | US$0.00      
|6.1200         | US$0.00      
|6.1300         | US$0.00      
|6.1400         | US$0.00      
|6.1500         | US$0.00      
|6.1600         | -US$17,857.14
|6.1700         | -US$21,069.69
|6.1800         | -US$24,271.84
|6.1900         | -US$27,463.65
|6.2000         | -US$30,645.16



Risk Disclosure 風險披露



You should
carefully understand the nature and risks of the Product before entering into the Product and assess your own financial status
and risk tolerance level for the purpose of ensuring that the Product is suitable to you. Further, you are advised to read and
understand the risks which include, without limitation, the following risks.

你(們)欲承作本產品前,應先小心了解本產品之性質及風險程度,並評估本身之財務狀況及風險承受能力,是否適合於承作本產品,且於承作本產品前,請詳讀及了解包括但不限於下列各類風險。



The risks associated with the
Product are in general classified as follows:本產品主要風險大致可分為下列幾類:



| | 1. | Multiple Loss Risk 倍數損失風險
| | -- | -------------------------

| |  | The Product is not principal protected. You may suffer substantial
loss when the market turns or becomes against or adverse to you. This is because you are required to take up multiple times of
the agreed amount of the underlying asset (at the strike price) periodically. In the worst scenario (sell call option), your loss
may be unlimited.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 本產品並不保本。當市況變得或變成不利於你(們)時,你(們)可能會蒙受重大虧損。因為,你(們)須依定價時程表(按照履約價)吸納議定倍數的基礎資產。你(們)在賣出買權之最壞的情形下,損失金額可能無限大。
| |  | ---------------------------------------------------------------------------------------------------



| | 2. | Knock – Out Event Risk 觸及失效事件風險
| | -- | -------------------------------

| |  | If the Product had a knock-out event, the market price of the underlying asset is at or above the
knock price, the contract will terminate (i.e. you will cease to accumulate any further underlying asset since the knock-out event
happened). The potential profit therefore is capped by the knock-out event.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | 若本產品含觸及失效事件條款,基礎資產市價達至或高於觸及價時,合約將被終止(即由觸及失效日期起將不再累積任何基礎資產)。因此潛在獲利上限會被觸及失效事件鎖定。
| |  | ------------------------------------------------------------------------------



| | 3. | Return Volatility Risk 回報波動風險
                                                                  The return under the Product will depend on market conditions prevailing at the relevant Fixing Date And Time. The level of
                                                                  the underlying assets may go up as well as down during the tenure and the same will affect the return.本產品的報酬取決於比價日和時間的市場狀況。基礎資產的水平於交易期限內可升可跌且會影響回報。
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Early Termination Risk 提早終止風險
The Product is an over-the-counter product and you may have no other options but to contact us and request for an early termination
and which termination shall be subject to the terms and conditions to be agreed between you and us. We are not obliged to agree
to early termination and you will be liable to all costs and expenses in connection with the early termination if we so agree.
In addition, longer tenor contracts associated with higher risks and, in principle , higher costs for early termination.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    | 本產品為店頭市場交易產品。你(們)除請求本行同意以雙方同意的條款及細則提前終止本產品外可能別無他法。但是,本行無義務務必同意提前終止的要求。同時,你(們)亦必須承擔因提前終止而衍生的費用及支出(如本行同意提前終止)。除此之外,年期較長的合約會有較高的風險及,原則上,較高的提早終止費用。                                                                                                                                                                                                                                                                                                                                                                                                          

| |  | 
| |  | 





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| | 5. | Credit Risk 信用風險
                                                                  The Product is subject to the creditworthiness of us and to the extent permitted by law, there is no assurance of protection
                                                                  against a default by us in respect of our payment obligations.本產品將受限於本行的信用。於法律容許的範圍內,本行不會就本行付款責任的失責作出任何保證或保障。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | Event Risk 事件風險
                                                                  The terms and conditions of the Product are subject to change in case of occurrence of certain events which include, without
                                                                  limitation, market movement, market disruption, mergers and acquisitions, suspension of trading, nationalization, insolvency
                                                                  and revision of laws applicable to taxation.本產品的條款及細則可能基於若干事件的發生(包括但不限於:市場變動、市場擾亂、合併、暫停交易、國有化、破產及稅法修訂等事件)而須予以調整。
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | Exchange Rate Risk 匯率風險
                                                                  If the Product is entered into in a currency other than the domestic currency and you choose to convert it back to the
                                                                  domestic currency upon maturity, you may make a gain or loss as a result of exchange rate fluctuation.如你(們)以非本地貨幣承作本產品,而你(們)於到期時選擇將交易的貨幣兌換成本地貨幣,則你(們)可能會因為滙率的波動而得益或損失。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Tax Risk 稅賦風險
                                                                  You should seek independent tax advice before entering into the Product. We are not in the business of providing tax advice
                                                                  and therefore cannot be relied upon to advise, nor take any responsibility for the taxation implication in respect of the
                                                                  Product.你(們)應於承作本產品前尋求獨立的稅務意見。本行並非從事提供稅務意見的業務。因此,你(們)不應依賴本行對本產品的稅務意見。同時,本行不對本產品的稅務影響承擔任何責任。
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | Potential Conflict of Interest Risk 潛在利益衝突風險
                                                                  We and/or our affiliates will conduct transactions as principal and as agent in the market in which the Product is traded,
                                                                  including, the buying or selling of the Product. Those trading activities may affect (whether positively or negatively) the
                                                                  price of the Product at any point in time. Further, we also act as the calculation agent and, to that extent, our interest
                                                                  may conflict with yours.本行及/或本行的相關連公司於本產品進行交易的市場中將以主事人或代理人身份進行交易,包括買賣本產品。此舉於任何時點均可能影響本產品的價格(無論是正面或負面的影響)。此外,本行亦是本產品的結算機構,於上述範圍內,本行的利益與你(們)的利益可能存在衝突。
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | Maximum Exposure Risk 最大曝險風險
                                                                   You should carefully evaluate the maximum exposure before entering into the Product for hedging purpose. In particular, you
                                                                   are strongly advised that the proposed maximum exposure associated with the Product (or the resulting total maximum exposure
                                                                   after taking into account other outstanding accumulator type contract) shall not be materially higher than your positions or
                                                                   anticipated cash outflows in the relevant foreign currency.若你(們)的交易是以對沖為目的,你(們)應事先小心評估最大曝險金額。特別是,你(們)被強烈建議,涉及本產品的可能最大曝險額(或計算其他未平倉的累計期權類型合約後產生的最大曝險總額)不應過度超越你(們)的相關外幣的持倉量或相關貨幣的預計現金流出量。
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Confidentiality 機密

The information contained herein
is confidential and may not be copied, reproduced or otherwise disseminated in whole or in part without our prior written consent
unless required by your professional advisors.



本產品說明書所含有關之資料均為機密資料,未經本行事先的書面同意不得全部或部份地複印、複製或傳播,你(們)專業顧問要求者除外。



Language 語言

In case of conflict between the
English version and Chinese version of this Term Sheet, the English Version shall prevail.若本產品說明書的中文及英文版本文義存在歧異,悉依英文版本為準。





- 41 -



















|                                                                      
|----------------------------------------------------------------------
|Client’s Acknowledgment and Declaration 客戶的確認及聲明                      
|                                                                      
|The Client, the undersigned, acknowledges and declares the followings:
|客戶,下列簽署人,確認及聲明並下列事項:                                                  
|                                                                      
|(i)                                                                   
|                                                                      
|(ii)                                                                  
|                                                                      
|(iii)                                                                 
|                                                                      
|(iv)                                                                  
|                                                                      
|(v)                                                                   
|                                                                      
|                                                                      
|                                                                      





|_____________________________
        Client Signature(s) and Chop (if any):
        客戶簽署及印章(如有)
        
        
        日期Date:
|----------------------------------------------------------------------------------------------------------------------------------





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