1. This document has been prepared by the TREELION Foundation (Singapore);

2. The contents of this document are for market information only and are not and may not be considered as sales invitations or purchase invitations made by TREELION Foundation products/services, nor should they be considered as investment advice and depend on them. The TREELION Foundation is not intended to advise or solicit investors to take any action based on this document;

3. The expert opinions contained in this document do not necessarily represent the views of the TREELION Foundation, which reflects the expert's personal opinion on the market/investment prospects/economic situation. The expert opinion is only indicative and has not been independently verified. The TREELION Foundation makes no guarantees, representations or warranties regarding the impartiality, accuracy, completeness or correctness of any expert opinion or the underlying information that forms the opinions of such experts, nor will it be liable for damages resulting from the use or reliance on any of the expert opinions contained in this document;

4. The investments mentioned in this document may not be suitable for all investors. Investors must make investment decisions based on their respective investment experience, investment objectives, financial situation and unique needs, and consult independent investment advisers when necessary;

5. No part of this document may be reproduced or distributed in any way.



2. 本文件的内容仅提供市场信息之用,其并非也不可视为TREELION FOUNDATION 产品/服务做出的销售邀约或购买邀请,也不应被视作投资建议并加以依赖。TREELION FOUNDATION并未旨在建议或招揽投资者基于本文件采取任何行动;

3. 本文件内含的专家观点并不一定代TREELION FOUNDATION的见解,专家观点为反映专家就有关市场/投资前景/经济形势的个人意见。专家观点只是指示性的,并且未经独立核对。TREELION FOUNDATION对任何专家观点,或形成该等专家观点的基础信息的公正性、准确性、完整性或正确性均未作出任何担保、陈述或保证,也不会就使用或依赖本文件所载的任何专家观点而导致的损失承担法律责任;

4. 本文件所提及之投资未必适合所有投资者。投资者必须根据其各自的投资经验、投资目标、财务状况及独特需要作出投资决定,并在有需要时咨询独立投资顾问;

5. 本文件的任何部份均严禁以任何方式再复制或分发。