Disclaimer

Certain information contained in this document is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited ("Mirae Asset HK") has, to the best of its endeavor, ensured that such information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information, it shall have no responsibility or liability whatsoever for the accuracy of such information or any use or reliance thereof.

This document is strictly for information purposes only and does not constitute a representation that any investment strategy is suitable or appropriate for an investor’s individual circumstances. Further, this document should not be regarded by investors as a substitute for independent professional advice or the exercise of their own judgment. The information contained in this document does not constitute any recommendation, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction.

References to particular sectors, securities or companies are for general information & illustration purposes only and are not recommendations to buy or sell a security, or an indication of the author’s holdings at any one time.

Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. These expectations are based on our management’s current views, assumptions or opinions and involve known and unknown risks and uncertainties. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements due to, among other things, (i) general economic conditions; (ii) performance of financial markets, including emerging markets; (iii) interest rate levels; (iv) currency exchange rates; (v) general competitive factors; (vi) changes in laws and regulations; and (vii) changes in the policies of governments and/or regulatory authorities. We assume no obligation to update any information, including but not limited to forward-looking information, contained in this document.

Investment involves risk. It cannot be guaranteed that the performance of the security will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance. For details, including risk factors, of any security mentioned in this document, please refer to the offering documents of such security. Investors should ensure they fully understand the risks associated with the security and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.

This document is issued by Mirae Asset Global Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.