1.      This report is provided by Luk Fook Securities (HK) Limited (“LFSHK”) and Luk Fook Futures (HK) Limited (“LFFHK”). The information and data herein are for reference purpose only and do not constitute any offer, solicitation of an offer, invitation, inducement, representation, suggestion or recommendation in respect of any investment.
2.      LFSHK (SFC CE No. ACU547) is licensed under the Securities and Futures Ordinance (Cap.571 of the Laws of Hong Kong) ("SFO") to carry on Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities in Hong Kong. LFFHK (SFC CE No. AXW976) is licensed under the SFO to carry on Type 2 (dealing in futures contracts) and Type 5 (advising on futures contracts) regulated activities in Hong Kong. The parent company of both licensed corporations is Luk Fook Financial Services Limited (collectively “Luk Fook Financial”).
3.      This report is intended to be exclusively received by parties to whom Luk Fook Financial provide and is not intended for the use by individual or entity whose utilizing or distributing of this report will be in conflict of his jurisdiction or local laws and regulations. Any individual or entity that possesses or intends to reply on or acts according to the information herein must satisfy himself that he is not subject to any local requirements which restrict or prohibit him from doing so.
4.      Although the information is provided in good faith and obtained or compiled from sources that Luk Fook Financial believes to be reliable, Luk Fook Financial does not represent or warrant, whether expressly or impliedly, the accuracy, validity, adequacy, sequence, timeliness or completeness of any of the information. For third party who relies on this report, Luk Fook Financial bears no responsible for the adaptability for his particular usage, or any explicit or implied guarantee to the due diligence. Luk Fook Financial may, at any time and from time to time, at its absolute discretion, without notice and without giving any reason therefor, make any changes to the information herein. The opinions and speculations herein, which can be amended or changed by Luk Fook Financial from time to time, reflect Luk Fook Financial’s judgment on the specified date only. Luk Fook Financial does not undertake to notify any changes. Luk Fook Financial or other members within the group will not, under any circumstances, be subject to any legal responsibilities or other responsibilities to the loss of any kind incurred or resulted in (no matter directly, indirectly, consequentially or incidentally) by any third party’s act or omission to act due to reliance of this report, even if Luk Fook Financial is aware of the third party’s act or omission to act at the time when it takes place.
5.      Investors should note that all investments involve risks. Prices of investment units may go up as well as down, including the possibility of total loss of the capital invested. Past performance information presented is not indicative of future performance. Investors should take into account their own investment experiences, investment objectives, financial affordability, risk tolerance and other relevant conditions for investment decision making. If Investors find uncertain or are not clear of any aspects of the nature, risks and suitability involved in any transaction or investment, they should seek independent professional advice.
6.      Luk Fook Financial (including its parent company, subsidiaries, affiliates, shareholders, senior staff, directors and any employees) can set long position, short position or trade any securities, commodities, derivatives (including options) and or other financial instruments provided by issuers.
7.      Any director or employee of Luk Fook Financial (including its parent company, subsidiaries and/or affiliates) can be appointed as director or can act as a representative of the board of directors of any of such institutions or issuers.
8.      Copy rights reserved by Luk Fook Financial. This report is being supplied solely for informational purposes. No person may reproduce or publish (in whole or in part) this report for any purpose without prior written consent of Luk Fook Financial. Luk Fok Financial will not be responsible for any third party’s act based on this report.

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