BOC Hong Kong : Bank of China (Hong Kong) and TransUnion join hands to launch the first-ever Online Loan 360 Service in Hong Kong

Press Release
29 June 2015

Bank of China (Hong Kong) ("BOCHK") and TransUnion Limited ("TransUnion") today jointly announced the launch of Online Loan 360 Service, the first of its kind in Hong Kong, to provide customers with convenient, professional and secure loan services.
The launch ceremony of Online Loan 360 Service is held today on 70/F of Bank of China Tower. Mr Dickson So, General Manager of BOC Credit Card (International) ("BOC Credit Card"), and Mr Lawrence Tsong, President of Asia Pacific, TransUnion, officiated at the ceremony.
Addressing at the ceremony, Mr Dickson So, General Manager of BOC Credit Card, said, "It is our great pleasure to partner with TransUnion in launching the first-ever Online Loan 360
Service in the unsecured personal loan market in Hong Kong. In view of the rapid development of internet finance and the evolving needs of customers, BOCHK has been optimising our electronic channels with a view to consistently enhancing customer experience in loan application. Meanwhile, we put great emphasis on customers' data protection and internet banking security. We have therefore increased our investment in these areas and collaborated with TransUnion in equipping the Online Loan 360 Service with the most comprehensive Electronic Identification Management ("eIDM") technology in the local market. It does not only verify customers' identity but also their devices used in loan application for enhanced protection of customers' data. In addition, the new service features the instant approval for balance transfer, aiming to provide customers with convenient online loan service around the clock. TransUnion also continues to make use of the most advanced data management and analysis techniques to offer customers the highest quality services. Leveraging the strengths of both institutions, the Online Loan 360 Service highlights our shared belief in service excellence."
Mr Lawrence Tsong, President of Asia Pacific, TransUnion, pointed out, "TransUnion's eIDM is an intelligent solution that does not only verify and authenticate the identity of customers, but also the electronic device they have used to apply for the loan. This will allow BOCHK to provide more convenient and flexible mobile and online service, as well as a higher level of safety and protection to its customers."

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With the Online Loan 360 Service, customers can apply for the BOC Express Cash Loans anytime, anywhere. Upon answering a few questions relating to their personal finances, customers will be directed to TransUnion's credit reference system, where they will complete an identity verification process and instantly obtain the loan application result. Customers can use the loan to repay any outstanding balance of customers' designated credit card or loan. The entire process can be completed online to cater for their lifestyle in this digital era. Customers can also seek professional advice from our dedicated loan service team by calling the hotlines. Coupled with the new service and the BOCHK's extensive branch network, customers can enjoy the convenience of all-round personal loan service supported by this Online-to-Offline ("O2O") model.
The BOC Express Cash Loans offer a loan amount of up to HK$3,000,000 at a competitive rate as low as 2.37% APRNote. In line with the launch of the Online Loan 360 Service, BOC Credit Card introduces a series of special offers. New customers who draw down the loan upon successful application for any of the BOC Express Cash Loans during the promotional period will be rewarded with a cash rebate of up to HK$8,888. An extra HK$2,000 cash rebate will be offered to customers who register for the BOCHK Internet Banking and apply for the BOC Express Cash Loans via online or mobile channels. For details of the service
or offers, please call the BOC Express Cash Loans Customer Service Hotline at
(852) 2108 3688.

Note: The quoted interest rate is calculated based on a loan amount of HK$500,000, with a repayment tenor of

36 months and a monthly flat rate of 0.0639%. The annualised percentage rate ("APR") is 2.37%. (The APR is calculated according to the guidelines laid down in the Code of Banking Practice, including an annual handling fee of 0.75% and a cash rebate of HK$4,888). The APR is an annualised reference rate that reflects the basic interest and other related fees and charges of the banking products. The above example is calculated based on a number of assumptions and used for reference only.

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Bank of China (Hong Kong) Limited ("BOCHK") is a leading listed commercial banking group in Hong Kong. With over 260 branches, more than 610 ATMs and other distribution channels in Hong Kong, BOCHK and its subsidiaries offer a comprehensive range of financial products and services to personal and corporate customers. BOCHK is one of the three note issuing banks in Hong Kong and also the Clearing Bank for Renminbi business in Hong Kong. In addition, the BOCHK Group (comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking Corporation) and its subsidiaries have 42 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in Hong Kong and the Mainland.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, began trading on the main board of the Stock Exchange of Hong Kong on 25 July 2002, with stock code "2388", ADR OTC Symbol "BHKLY".

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BOC Credit Card (International) Limited ("BOCCC") was established in 1980 and is a wholly-owned subsidiary of BOCHK. All credit cards issued by BOCCC are collectively called BOC Credit Cards. BOCCC has issued various international credit cards and revolving loan cards, and is now the card issuing and acquiring processing centre for BOCHK and its subsidiary banks (Nanyang Commercial Bank and Chiyu Banking Corporation), as well as other institutions and organisations. BOCCC plays an important role in the credit card business in the Mainland of China, Hong Kong and Macau.

BOCCC offers customers a wide variety of credit cards and personal loan services. Personal loan products offered include BOC Express Cash Instalment Loan, BOC Express Cash Instalment Loan Balance Transfer and BOC Express Cash Revolving Credit. We strive to provide our customers the best loan services in the market.

Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion reaches consumers and businesses in more than 30 countries around the world on five continents. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.

We call this Information for Good. www.transunion.com/business

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