June 18, 2026
We would like to inform you that, effective from July 20, 2026, any previously submitted cover call instructions will be invalidated and replaced by our new automated system.
Under the new handling logic, the system will automatically allocate available stock to cover short call positions, matching them in ascending order by strike price from lowest to highest, and in ascending order by expiry date from farthest to nearest, to fully utilize all available stock.
Effective from July 20, 2026, all stock holdings and open positions will be automatically covered by the system, and clients will no longer need to submit any manual instructions.
Before making any investment, clients must clearly and fully understand the above arrangements. If clients have any questions regarding these arrangements, please contact your Wealth Manager for further inquiries and assistance.
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