ALA:Notice on Tax Burn for BNB Chain pGALA_Huobi

DearHuobiUsers,

AsthepGALAtokenhasbeenrecreatedtoreplaceGalaToken(formerGALA),wearetakingthefollowingmeasurestoprotectusers'assets:

1.ClosethedepositserviceforpGALA;

2.Adoptthetaxburnmechanismtochargea1.2%two-waytaxburnrateforpGALAspottrading.ThispGALAtaxburnratedoesnotaffectanyothertokens;

3.AllthetaxfeeswillbeusedtorepurchaseandburnpGALA.ThistaxburnmechanismisscheduledtotakeeffectforpGALAat16:00UTConNovember4,2022;

4.ThepGALAtokensthatwereillegallymintedonBNBChainanddepositedtoHuobiareregardedasunjustifiedenrichmentandwillbeusedtorepurchaseandburnpGALA.ThetradingfeesgeneratedfromGALArelatedtradesduring00:00to24:00(UTC8)November4,2022,willallbeusedtorepurchaseandburnpGALA;

5.HuobiwillcontinueitseffortstonegotiatewiththeGalateamforcompensatingusers'lossesincurredbythisevent.

HuobiGlobal

November4,2022

TradeonthegowithHuobiGlobalApp(iOS/Android)

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HuobiGlobalreservestherightinitssolediscretiontoamendorchangeorcancelthisannouncementatanytimeandforanyreasonswithoutpriornotice.TheaboveisforinformationpurposesonlyandHuobiGlobalmakesnorecommendationsorguaranteesinrespectofanyvirtualasset,product,orpromotiononHuobiGlobal.Pricesofvirtualassetsarehighlyvolatileandtradingvirtualassetsinvolvesrisk.PleasereadourRiskRemindertexthere.

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