Disclaimers

Our business teams do and seek to do business with the company or companies covered in these articles. As a result, investors should be aware that there may be a conflict of interest that could affect the objectivity of these articles. Investors should consider these articles as only a single factor in making their investment decision.
Any information provided in these research articles is for information purpose only and have no regards to the investment objectives, financial situation or risk tolerance level of any specific recipient and does not constitute any solicitation or any offer to buy or sell any securities or any other financial instruments.
Before enter into any investment contract, individual should exercise judgment of seek for independent professional advice when necessary.
Although the information in these articles is obtained or complied from sources that Southwest Securities (HK) Brokerage Limited believes to be reliable, no representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the materials contained in these articles. All price related information is indicative only, and value of the investment(s) referred to in these articles and the income from them may fluctuate. Information contained in these articles may change at any time and Southwest Securities (HK) Brokerage Limited gives no undertaking to provide.
Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. SWSI and its affiliates, officers, directors, and employees may from time to time have long or short positions in securities, warrants, futures, options, derivatives or other financial instruments referred to in these articles.
In no event will SWSI or any other member of SWSI be liable or responsible for loss of any kind, whether direct, indirect, consequential or incidental, resulting from the act or omission of any third party occurring in reliance upon the contents of these articles.
These articles are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to any law, regulation, rule or other registration or licensing requirement.
These articles may not be reproduced, distributed or published by any person for any purpose without the prior written consent of Southwest Securities (HK) Brokerage Limited and its affiliates. All rights are reserved.