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Investor Presentaiton

Disclaimer From time to time, and in the ordinary course of business, members of the BOCHK Group may provide advisory and investment or commercial banking services, and enter into other commercial transactions related to products described in the Materials, for which customary compensation has been received. Prospective investors should make enquiries with their respective brokers as to the terms and/or existence of any such commission arrangements. For example, at any time, member(s) of the BOCHK Group may act as a distributor or market-maker or otherwise be long or short of or have financial interests in services/products described in the Materials. In making an investment decision or availing yourself of the services described in the Materials, you are deemed to represent that you have made your investment and trading decisions (including decisions with regard to the suitability of the products) based upon your own judgment and not in reliance upon any view expressed by us and that you fully understand all the risks involved and are capable of assuming and willing to assume such risks. BOCHK Group does not make any representation regarding the legality of investments described in the Materials under any applicable laws. The Materials are protected by copyright. No part of it may be modified, reproduced, transmitted and distributed in any form for use without BOCHK Group's prior written consent. If the presentation materials fall within the definition of "investment research" under Paragraph 16.2 (f) of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission, we shall make disclosure in the form set out in "Disclosure for Research Report and Presentation". "Investment research" includes documentation containing any one of the following:- (i) result of investment analysis of securities; (ii) investment analysis of factors likely to influence the future performance of securities, not including any analysis on macro economic or strategic issue; or (iii) advice or recommendation based on any of the foregoing result or investment analysis. ⑥ 中国银行(香港) BANK OF CHINA (HONG KONG) 12
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