Disclaimer

Venture Smart Asia Limited (“VSAL”) is a company incorporated in Hong Kong and whose registered office is at 23/F, Lee Garden Five, 18 Hysan Avenue, Causeway Bay, Hong Kong, and is a licensed corporation regulated by the Securities and Futures Commission of Hong Kong for types 1 (dealing in securities), 4 (advising on securities) and 9 (asset management) regulated activities pursuant to the Securities and Futures Ordinance. VSAL is a member of Venture Smart Financial Holdings Limited (“VSFG”).

This document is for information only and is not intended to be construed as an invitation or offer of any securities or other investment products or as an invitation or offer to conclude a contract or to buy and sell any securities or other investments products.  Any such invitation or offer will only be made by means of a confidential offering memorandum.

All information contained in this document is confidential and intended solely for the information of the person to whom it has been delivered and may not be distributed to any person in any jurisdiction where distribution to such a person would constitute a violation of any applicable law or regulation.  Recipients may not reproduce or transmit it, in whole or in part, to third parties.

This document is only intended for professional investors (as defined in the Securities and Futures Ordinance (Cap. 571)) and is not to be distributed to, or relied on, in any circumstances by any person who is not a professional investor.  This document and any securities or other investment products referred to in it have not been registered with, authorized, approved or disapproved, by the Securities and Futures Commission or any other authority, whether in Hong Kong or in any other jurisdiction.  No authority has passed upon or endorsed upon the merits of any such securities or other investment products or the accuracy or adequacy of this document.

The information contained in this document does not constitute investment advice and has not taken into consideration any person’s investment objectives, legal, financial and tax situation or particular needs in any respect.  Investors should seek professional advice as to the suitability of any securities or other investment products mentioned in this document.

Information contained in this document, unless otherwise specified, is obtained from sources which are believed to be reliable but no representation or guarantee is made by us as to the accuracy or completeness of any such information.   If this document contains any information relating to the past performance of any securities or other investment products, you should note that past performance is not indicative of future results.  If the base currency of any securities or other investment products mentioned in this document does not match your reference currency, the return may be affected by currency fluctuations.  Potential for profit is accompanied by possibility of loss. This document may contain certain statements that may be deemed forward-looking statements.  While forward-looking statements represent judgments and future expectations concerning any securities or other investment products mentioned in this document, a number of risks, uncertainties and other important factors may cause actual results to substantially differ from such judgments and expectations in a material way.  Any market or investment view mentioned in this document is not intended to be investment research.  Information contained in this document is subject to change without any obligation on our part to notify you of any change.

If this document forms part of a presentation or is presented to you together with other documents and materials, this document should not be read in isolation and may not provide a full explanation of all of the topics presented and discussed.

Investors should note that investment involves risk. The price of any securities or other investment product may go down as well as up.  Investors should read the confidential offering memorandum for details and risk factors affecting the investment.  If conflicts exist between this document and the confidential offering memorandum, the confidential offering memorandum shall prevail.

VSFG does not accept any liability whatsoever for any decisions taken based upon the material. No representation or warranty, express or implied, is made with respect to this document or views herein as to its fairness, accuracy or completeness. Neither VSFG nor any of its subsidiaries, affiliates, controlling persons, directors, officers or employees, or advisers shall be in any way liable or responsible, directly or indirectly, whether expressly or by implication, in contract, tort, by statue or otherwise for the contents hereof or any loss howsoever arising. Risks are involved in any investment.  It is the investor’s responsibility to independently verify any data relied upon for an investment using qualified legal, financial, and operations advisors. Prior to investing, investors should also carefully consider possible tax consequences and legal requirements.