To help you better understand how stock tokens work, this guide explains trading hours, market closures, and the potential impact on trading conditions. Since stock tokens track the prices of underlying U.S. stocks, their trading, pricing, and liquidity may vary across different trading sessions, during market closures, or under unusual market conditions.

I. What are stock token trading hours?

Stock tokens are digital assets that track real U.S. stocks, so their price behavior is closely tied to U.S. market trading sessions. The U.S. stock market operates across several key periods:

Important: The U.S. observes Daylight Saving Time (DST). DST runs from the second Sunday in March to the first Sunday in November. Outside this period is Standard Time. As a result, the corresponding trading hours in your local time will shift accordingly. Refer to the platform for the most accurate schedule.

II. How different sessions may affect trading

1. During regular market hours

• Stable pricing and high liquidity: With highly active trading and rapid price updates, bid-ask spreads are narrow. This helps keep prices closely aligned and relatively stable.
• This is generally the most favorable time to trade stock tokens.

2. Pre-market and after-hours trading

• Increased volatility and lower liquidity: As trading volume declines, the market may experience sharper price swings and reduced order depth.
• Stock tokens may become more volatile, with wider spreads and less stable execution.
• Trade cautiously during these periods and closely monitor price movements.

3. Market closures

• Trading will be suspended: During market closures, WEEX will suspend all trading for stock tokens, including opening and closing positions. Orders will not be executed.
• If you hold open positions before the market closes, please note:
• Positions cannot be closed during a market closure
• Prices may stop updating or be displayed for reference only
• Once trading resumes, prices may move rapidly, with potential gap risks
• In the event of major global macro news, stock token prices may swing sharply upon reopening as the market prices in new expectations.

III. What is a circuit breaker?

A circuit breaker is a safety mechanism used by traditional markets to prevent extreme price swings. When an asset experiences rapid price changes and reaches predefined thresholds, the exchange may temporarily halt trading to stabilize the market.

Since stock tokens are linked to these underlying assets, any circuit breaker, trading halt, or restriction may also affect trading on WEEX.

IV. What to expect during a circuit breaker?

If a circuit breaker is triggered in the underlying market, you may notice:

• Trading may be paused or limited (including opening or closing positions)
• Slower or irregular price updates
• Lower liquidity and a thinner order book
• Orders may not be filled as expected
• You can still cancel unfilled orders
• Prices may move sharply once trading resumes

Remain alert to market risks and trade carefully during these periods.

V. Stock splits and reverse splits

If the underlying stock undergoes a corporate action such as a stock split or reverse split, the issuer of the corresponding stock token will determine whether adjustments are required. WEEX does not proactively split or merge tokens. Any changes to token supply or structure will follow official announcements from the issuer or our platform.

VI. Risk warning

Stock tokens are significantly influenced by the trading hours, holidays, volatility, and liquidity of the underlying market. Especially during pre-market, after-hours, closures, low-liquidity periods, or circuit breakers, you may experience limited trading, less stable pricing, and slower order execution.

Note:

• Holding stock tokens does not represent ownership of the underlying stocks. Token holders do not have voting rights, dividend rights, or any other shareholder-related rights.
• Stock tokens can be fractionally traded, lowering the entry barrier, but they still carry high risk.
• Digital asset prices can fluctuate significantly, and you may lose your entire investment.
• Be mindful of U.S. market hours and plan your positions accordingly to avoid losses due to being unable to trade during closures.

Make sure to check the market status, countdowns, and any risk alerts on WEEX before placing orders, and always trade according to your own risk tolerance.

VII. Additional notes

Trading hours, holiday schedules, and circuit breaker rules may vary across different underlying markets. Shifts between Daylight Saving Time (DST) and Standard Time in the U.S. may also affect the corresponding trading windows shown in your local time. WEEX will adjust displays accordingly. If there are changes in the underlying market rules, the platform may also update its mechanisms in response. For the latest information, refer to the product details page, trading interface, and official announcements.

Disclaimer

This content is provided for informational purposes only and does not constitute financial, investment, trading, or legal advice, nor should it be considered an offer or solicitation to buy or sell any digital assets. WEEX makes no representations or warranties regarding the accuracy, completeness, or timeliness of the information provided. Product features, interfaces, rules, and fees may be updated at any time. Refer to the latest announcements and platform displays for current information.

Digital asset investments involve high risk, including significant price volatility and the potential to lose your entire investment. Make decisions carefully based on your financial situation and risk tolerance. If needed, consult an independent financial or legal advisor.