HTL will ensure full disclosure, through its official website, of the nature and risks that Tokenholders and potential investors may be exposed to, in a clear and fair manner which is not misleading.

HTL will also disclose that HashKey Group has the discretion to change the terms and conditions of the rewards programme, including the supply and allocation schedule, HSK Token Management Policy, and HSK Tokens’ Rewards Policy.

HSK tokens will be recorded on the Ethereum blockchain. This will create a clear audit trail.

HTL will continually publicly disclose information about HSK tokens via its website, including:

• token utility and usage benefits (including details of the mechanism and calculation method regarding the set-off of transaction fees by HSK tokens);
• supply changes;
• the HSK token smart contract and smart contract audit information;
• a list of wallet addresses holding more than 5% of the total circulating supply of HSK tokens;
• a rewards issuance monthly update; and
• the HSK token whitepaper.

Update information about the reserve fund

The following information will be available on the HSK token disclosures website:

• total HSK tokens allocated to the Reserve Fund;
• the number of Reserve Fund tokens issued;
• the remaining balance of Reserve Fund tokens; and
• announcements in respect of Reserve Fund issuance, the issuance size, and the purpose of the issuance.

Available supply of HSK tokens for distribution to Users

Changes in the supply of HSK tokens in the Ecosystem Growth Pool available for distribution to reward Users and ecosystem partners will be publicly disclosed after each vesting (monthly distribution) on the HSK token disclosures website.

Available supply of HSK tokens for allocation to employees

The supply of HSK tokens available for allocation to employees the Team Pool (as a percentage of total supply) will be publicly disclosed after each vesting (monthly distribution) on the HSK token disclosures website.

Repurchase and Token burning

HTL will,

• before any repurchase takes place each quarter, disclose the repurchase amount for such quarter; and
• after each day where a repurchase is executed, the total number of HSK tokens purchased by HashKey on the previous day, the purchase price per HSK token or the highest and lowest prices paid for such purchases, where relevant.

In addition to the details of the repurchase, HTL will also publicly disclose monthly HSK token burn/offset balances.

• the total number of HSK tokens that have been burned; and
• historical data of the HSK token burn events (such as the date, time, blockchain explorer link and amount).

Any rules governing the change in supply or HSK Tokens’ Rewards Policy affecting the distribution mechanism of HSK tokens to users

The following information will be disclosed to Users on the HSK token disclosure website:

1. Any material rule updates related to the HSK Token Management Policy and HSK Tokens’ Rewards Policy which will have an impact on any ofcould affect at least the following issues:
   the vesting schedule of the HSK tokens into Ecosystem Growth Pool;
   the vesting schedule of the HSK tokens into Team Pool;
   the utility benefits of the HSK tokens;
   the HSK Rewards Policy; and
   the repurchase and burning (issuance offsetting) mechanism.

• Any change to the HSK Token’s Rewards Policy
  Any change to the HSK Tokens’ Rewards Policy will be announced to the users of the HashKey Group Platforms orand Tokenholder. Discussions that generate sufficient interest and positive sentiment may progress into formal proposals, which are subsequently voted upon by Tokenholders. The HSK Committee will consider the Tokenholder’s voting results when considering change to the reward mechanism.