Dividend Reinvestment Program (DRIP) Terms and Conditions

Moomoo Financial Inc. (“Moomoo”) offers eligible customers the opportunity to participate in its Dividend Reinvestment Program (the “DRIP”). By enrolling in this program, Moomoo will automatically reinvest specific cash dividends and other cash distributions from eligible securities in your account into additional shares of the same securities. Enrollment in the program is optional. DRIP participants will be notified in advance of any material changes to the program.

Enrollment and Provision

• Effective Date: Enrollment in the DRIP becomes effective on the first business day after you elect to participate.
• Agreement: By enrolling, you agree to these Terms and Conditions and any other agreements with Moomoo.
• Selection: You may enroll and withdraw from the DRIP through the Moomoo platform. Note that changes take one business day to become effective. Dividends payable within one business day of adding or removing a security from the DRIP will follow the original instructions.
• Fees: No fees.

Eligibility

• Eligible Accounts: Moomoo brokerage accounts (e.g. Margin, Cash).
• Eligible Securities: Only securities that are enabled for fractional shares trading can be enabled for DRIP.
• Moomoo’s Discretion: Moomoo reserves the right to determine the eligibility of any security for the DRIP and may change eligibility without prior notice.

Cash Distribution Eligibility

• Reinvestment: Most cash distributions, including ordinary dividends and capital gains, can be reinvested if it is equal to or exceeds .0001 shares. Distributions under .0001 shares will be credited as cash to your account balance.
• Exclusions: Certain distributions, such as cash-in-lieu payments and specific special dividends, cannot be reinvested through the DRIP. The DRIP does not allow the use of account funds to supplement reinvestment purchases.

Reinvestment Process

• Purchase Timing: Moomoo will attempt to purchase shares on the first trading day after you receive a DRIP-Eligible Dividend.
• Account Transactions: Upon receiving a DRIP-Eligible Dividend, your account will be credited the dividend amount, debited for the purchase price plus any fees, and allocated the appropriate number of shares. Securities are acquired through open market purchases. Moomoo combines dividends from all customers to make a single purchase and allocates shares based on the average weighted price. Dividends resulting in allocations less than .0001 shares will be credited to your account balance instead of being reinvested.

Fractional Shares

Participation in the DRIP may result in fractional share ownership, calculated to four decimal places. You are entitled to dividends and voting rights proportional to your fractional ownership. In the event of a mandatory reorganization or if fractional interests need to be transferred, these will be liquidated at market prices with no commission fees. In the event of a voluntary reorganization, fractional shares are not eligible to participate.

Confirmations and Statements

In lieu of trade confirmations, all transaction details and current reinvestment instructions will be available in your brokerage account statements. If you need this information sooner, you can contact Moomoo customer service on the business day following the dividend reinvestment.

Risks and Considerations

Before using the DRIP, understand the associated risks, including:

• Automatic Reinvestment Risks: The DRIP triggers market orders based on dividend receipts without considering market conditions, which may result in losses if the security value decreases.
• Execution Risk: Service interruptions or operational issues may delay or fail order execution.
• Gap Risk: Price changes between trading sessions can result in orders being executed at unfavorable prices.
• Fractional Shares: Fractional ownership may present unique risks and limitations, and Moomoo may not support all order types for fractional shares. Owners of fractional shares might have different rights in corporate actions.
• Strategy Evaluation: The DRIP is supplementary and requires active management of your investments. Moomoo does not review or approve the addition or removal of securities from the DRIP or any orders triggered by it.

Thoroughly assess your risk tolerance, investment goals, and market knowledge before enrolling in the DRIP. Moomoo does not provide investment advice or recommendations and assumes no liability for DRIP use. By enrolling, you accept the risks and potential losses associated with the DRIP.