This internet website (“Website”) is produced by Korea Investment & Securities Asia Limited (“KISA”). Access to the Website is only granted to users who have read and agreed to the terms and conditions under this disclaimer (“Terms and Conditions”).

All information and documents displayed on, or uploaded to, the Website, its contents including indicative terms (“Materials”) and the dissemination thereof, are subject to the Terms and Conditions.

The Materials and financial products listed out in, or described on, the Website (the “Structured Products”) are only directed at, and intended to be provided to, the residents of Hong Kong only. Download of any information from the Website in other countries may be illegal and strictly prohibited. KISA, members of the Korea Investment Holdings Co., Ltd. and/or its associates and connected persons and/or its affiliates, respective directors, senior officers and/or employees (including persons involved in the preparation or issuance of the Materials on the Website) disclaim all responsibilities if you download any of the Materials from the Website in contravention of any law of the jurisdiction in which you are residing. The Materials must not be relied on, or acted upon, by persons residing outside Hong Kong. By entering into the Website, you confirm that you are a resident of Hong Kong and agree to be bound by the Terms and Conditions.

While the Materials herein are based on the information obtained from public sources which are believed by KISA to be reliable, KISA has not verified the contents of the Materials. It is not obligatory for KISA to update or supplement the Materials or correct any inaccuracy or incompleteness which subsequently turns manifest.

Neither KISA nor any information provider makes any representation or warranty, express or implied, of any kind as to the truth, accuracy, completeness, timeliness, reliability, adequacy or reasonableness of the Materials or as to the fitness of any such Materials for any purpose.

The Materials contained in the Website are published for reference only and shall not be relied on, or acted upon, as authoritative or without exercising your own independent verification or judgment. KISA does not accept any responsibility or liability for any loss or damage arising in any way (including by reason of negligence) out of errors or misstatements in, omission from the Materials.

The Materials are not intended to constitute or form an (or any part of an) offer, invitation, solicitation, inducement, advice, recommendation or agreement, to transact, deal in, acquire, dispose of, subscribe for or underwrite any Structured Product.

Nothing contained herein shall form the basis of any contract or commitment whatsoever. Neither the Website nor the Materials shall be construed as an advertisement, inducement or representation of any kind or form whatsoever. The Materials have been prepared for the intended recipients in general only and do not take into account the particular needs of any specific recipient.

Any indicative pricing levels, price quotations, disclosure materials, valuations and other analyses published on the Website have been prepared on assumptions and parameters that reflect good faith determinations by KISA and do not constitute investment advice by us. The assumptions and parameters used are not the only ones which might reasonably have been selected, and accordingly, no guarantee is given in respect of the accuracy, timeliness, reasonableness or completeness thereof. KISA does not represent or warrant that any indicative return or performance will be achieved in the future.

The Structured Products are non-collateralised products. If you invest in Structured Products, you are relying on the creditworthiness of its issuer and guarantor. In the event that the issuer or the guarantor is insolvent or defaults, you may not recover part or all of the amount due.

The price of the Structured Products may fall in value as rapidly as it may rise, and you may sustain a total loss of capital under certain circumstances. It is not possible to predict whether the secondary market for the Structured Products will be liquid or illiquid. KISA may be the only liquidity provider for the Structured Products referred to on the Website. KISA may be the only entity quoting prices for the Structured Products on the Hong Kong Exchanges and Clearing Limited. As such, the secondary market for the Structured Product may be very limited.

Prior to making investment decision, you should therefore ensure that you understand the nature and risks of the Structured Products and, if necessary, consult your own legal, tax, accounting, financial and other professional advisers to ensure that any decision made to invest in the Structured Products is suitable to you with regard to your specific circumstances and financial position. KISA assumes no fiduciary responsibility or liability for any consequences, financial or otherwise, arising from the subscription or purchase of the Structured Products by you.

[Callable bull/Bear contracts (“CBBCs”) have a mandatory call feature. CBBCs must be terminated when the spot price or spot level of the underlying asset reaches the call price or call level during the observation period. In such event, you will lose all of your investment in the CBBCs (for category N CBBCs) and residual value of the CBBCs may be zero (for category R CBBCs).]

KISA comprises a full-service securities firm engaged in various securities trading and brokerage activities, financial advisory services to a wide range of clients. As a result, KISA may have potential conflicts of interest in the securities that you may purchase from us.

KISA, its officers and employees may, from time to time, take proprietary positions and may hold long or short positions or other interests in the Structured Products and may purchase and/or sell the Structured Products at any time in the open market or otherwise, in each case whether as principal, agent or as a market maker. KISA is or may also be involved in other financial, investment and professional activities such as providing advice or extending loans to, or participating in the underwriting or restructuring of the obligations of, the underlying companies of the Structured Products, which may occasionally give rise to interests or a conflict of interests in respect of the Structured Products.

Except where expressly stated, copyright in the information contained in the Website is owned by or licensed to KISA. The information may not otherwise be reproduced and must not be distributed or transmitted to any other person or incorporated in any way into another site, document or other materials. The use of any trademarks and logos displayed on the Website is strictly prohibited unless prior written permission for such use is obtained from KISA and/or, where relevant, such third party, which may own the trademarks and logos.

The Website may contain links to other websites operated by entities which do not belong to or operated by KISA. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. KISA has no control over the information referred to on these sites or the products or services on them, and therefore make no representations and accept no responsibility for their contents. Inclusion of a link to a third-party site should not be construed as an endorsement of such third-party site by KISA or that party’s endorsement of the Website. You are advised to make your own enquiries in relation to third parties described or linked on the Website. Please note that you will be subject to the terms of use of the other sites that you visit.

Please read [KISA’s privacy policy statement] to understand how your personal information will be treated when you use this Website.

If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed as per your instructions or is not executed at all. In addition, transactions executed over the internet may be subject to interruption, transmission blackout, delayed transmission due to internet traffic or incorrect data transmission by virtue of the public nature of the internet. KISA does not guarantee the security of any information transmitted over, through or via the internet.

KISA reserves the right to change the Website in whole or in part at any time and to restrict, interrupt or terminate its services. No undertaking to update the Website regularly is given by KISA.

KISA also reserves the right to modify or amend the Terms and Conditions at any time by posting the updated terms on the Website. No other form of notification will be delivered to you. If any provision hereunder or a part thereof is or becomes illegal, invalid or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions shall not in any way be impaired or affected.

The Terms and Conditions are exclusively governed by and shall be construed in all respects in accordance with the laws of Hong Kong. Each user irrevocably submits to the exclusive jurisdiction of the courts of Hong Kong.