1. What fees does ADDX charge issuers?

The fees charged to issuers are as follows:

1. Onboarding Fee:

• Payable when an issuer is admitted to ADDX and a new digital securities offering project is launched
• Fixed fee of 10,000 SGD payable to ADDX after approval of a new project

2. Digital Debt-Related Fees

Digitisation & Distribution fee:

• Charged in respect of services to source for investors, allocate digital debt to investors and provide settlement of transactions
• Payable when a newly digital debt is successfully listed on ADDX
• Up to 1.5% of total funds raised

Annual Platform Fee:

• Charged to an issuer for the usage of the secondary trading facilities, safekeeping of digital debt issued and handling of various corporate actions such as income distribution
• Up to 0.2% of the market value of listing

3. Digital Fund-Related Fees:

The issuers can choose between Upfront fee model and a Trailer fee model

3.1 Upfront fee model:

Digitisation & Distribution Fee:

• Charged in respect of services to source for investors, allocate digital debt to investors and provide settlement of transactions
• Payable when a newly digital debt is successfully listed on ADDX
• Up to 3.0% of total funds raised

Annual Platform Fee:

• Charged to an issuer for the usage of the secondary trading facilities, safekeeping of digital debt issued and handling of various corporate actions such as income distribution
• Up to 0.2% of the market value of listing

3.2 Trailer fee model:

Trailer Fee:

• Charged in respect of using ADDX as the distribution channel for the new fund
• Payable at the end of every quarter (March, June, September, and December) or at any other frequency at the discretion of the issuer
• About 30% of total management fee, subject to a minimum fee of S$15,000 per annum

4. Digital Equity-Related Fees:

Digitisation & Distribution Fee:

• Charged in respect of services to source for investors, to allocate digital equity to the investors and to provide settlement of transactions.
• Payable when a newly digital equity is successfully listed on ADDX.
• Up to 5% of total funds raised

Annual Platform Fee:

• Charged to an issuer for the usage of the secondary trading platform, safekeeping of digital equity issued and handling of various corporate actions such as income distribution.
• Up to 0.2% of the market value of listing

Note 1: All fees (including minimum and maximum amounts) and payment schedules are at the discretion of ICHX Tech Pte Ltd and may be changed without prior notice.

Note 2: Goods & Services Tax (GST) is applicable to all fees.

Note 3: This fee schedule is accurate as of 6th May 2020.