In according with the Chapter 571, Hong Kong legislation of the Securities and Futures Ordinance, New China Asset Management (Hong Kong) Limited (hereinafter referred as “the Company”) has the License Type 4 and License Type 9 issued by Securities and Futures Commission of Hong Kong(hereinafter referred as “SFC HK ” ) and undertakes the stipulated and supervisory businesses of Type 4 securities consultancy and Type 9 asset management.

This document is absolutely confidential and solely delivered to the recipients. The recipients are not referred to those who live in the jurisdiction areas and this document is forbidden by relevant laws or regulations to be distributed or issued therein. If you are not the recipient of this document, please do not continue reading this document and destroy it right now. This document is not certified by the SFC HK and only used as a reference.

Any content in this document is not deemed to be an investment, legal or other suggestion, without the force of law and not constituting an offer or solicitation of security purchase or sale and other product investments in any jurisdiction area. Any investor’s investment or other decision making should not be relied upon this document, the potential investors should seek independent opinions of its suitability and other factors for the investment project in accordance with its investment objective, risk assessment and financial situation.

The company shall not be reliable for any action taken therein by the recipient or the third party. Moreover, the company shall not be responsible for any loss or harm caused by any investment decision making when taking considerations of or relying upon this document. The opinions expressed in this document are the views at the time of the company’s publishing the document, and can be modified without giving further notice. This document in part or wholly cannot be used, reprinted, duplicated or distributed unless with the written consent from the company.

The company will make every effort to offer the accurate and real-time information. However, the company shall not guarantee the accuracy, instantaneity, integrity, effectiveness and other factors in the content of this document, and not be reliable for any content therein. The value of investment may rise or fall, or under the influence of the relevant market fluctuation. The past performance or any estimation or prediction shall not the reason for the future performance. At present, there is no guarantee that the said objective can be achieved by applying any strategy stated in the document. The stated information in the document is, from the company’s point of view, from reliable sources, however, the company or its board members, senior personnel and employees shall not guarantee the accuracy or integrity of the information. All the charts or results (if any) are solely deemed as illustrations, not representing the actual or future performance for any investment project. The fund manager will make every reasonable effort to bring down the investment risk to the minimum, however, the value of investment may have a fluctuation, thus maybe leading to some loss, or even all loss of investment amount in a worst-case scenario. The return on investment will be under the risk of exchange rate fluctuation for those investors with the investment benchmark in Hong Kong dollar or not Hong Kong dollar. Before making decisions of any investment, the recipient shall refer to the relevant solicitation document (if any) and financial statement (if any) to obtain the further details. 

The company reserves the right to pursue legal responsibilities.