Hong Kong Securities (International) Company Limited is not your investment adviser or acting in any fiduciary capacity to you. The given information is not and shall not be considered as investment advice. The information and materials should not be regarded as an offer, solicitation, invitation, advice or recommendation to buy, sell or otherwise deal with any investment, instrument or product in any jurisdictions. These information and materials are provided for general information only and should not be used as a basis for making any investment or business decisions. You are recommended to obtain independent professional advice where appropriate. Past performances are not indicative of future performances. Investment involves various risks, including but not limited to market, exchange rate, volatility, liquidity, credit/ counterparty, assessment degradation, regulatory and political areas. The risk of loss in securities, leveraged foreign exchange, futures, options and other derivatives trading can be substantial and even in excess of cash and any other assets deposited as collateral. You should, therefore, understand the risks, characteristics and restrictions of the investment products, and judge whether it is suitable for your financial situation, investment objective and risk tolerance before making any investment decisions. You should carefully read the investment fund offering documentation for detailed product information and risk factors prior to making any investment. If you have any doubt on this material or any offering documentation, you should seek independent professional advice.