本互聯網網站（下稱「本網站」）由韓國投資證券亞洲有限公司（下稱「KISA」）製作。請用戶訪問本網站前，閱讀並同意本免責聲明中的條款及細則（下稱「本條款及細則」）。

本網站載列或上傳的所有資訊及文件，包括指示性條款在內的所有內容（下稱「該(等)資料」）及其傳播，均受本條款及細則約束。

僅供香港居民使用

本網站列明或描述的該(等)資料及金融產品（下稱「結構性產品」）僅以香港居民作為目標對象。於其他國家下載本網站的任何資訊可能屬違法，並被嚴格禁止。如閣下從本網站下載的任何資料違反閣下現居住的司法管轄區的任何法律，KISA，韓國投資控股有限公司成員及/或其聯營公司及有關聯人士及/或其聯屬公司、各自的董事、高級職員及/或僱員（包括參與於本網站製備及發出該(等)材料的人員）對此不承擔任何責任。居住於香港以外的人士亦不得依賴該(等)資料，或據此行事。訪問本網站即表示閣下確認為香港居民並同意受本條款及細則的約束。

資料涉及的風險

本免責聲明項下的該(等)資料是根據公開渠道獲取並經KISA信納為真實可靠的資訊所編纂，KISA並未核證該(等)資料的內容。KISA沒有義務對該(等)資料進行更新或補充，或更正隨後顯現的任何不準確或不完整之處。

KISA或任何資料提供者均不對資料的真實性、準確性、完整性、及時性、可靠性、充分性或合理性或任何該(等)資料於任何用途的適用性作出任何明示或隱含，任何種類的陳述或保證。

本網站涵蓋的該(等)資料僅作參考，不得作為權威性資料或未經閣下獨立核證或作出判斷的情況下予以依賴或據此行事。因該(等)資料中的錯誤或錯誤陳述或遺漏而以任何方式（包括因疏忽大意）導致的損失或損害，KISA不承擔任何責任。

非投資建議

該(等)資料無意構成或作為任何要約、要約邀請、招攬、誘導、建議、推薦或協議（或其任何部分），以交易、買賣、獲取、處置、認購或包銷任何結構性產品。

本網站涵蓋的任何內容均不構成任何合約或承諾的依據。本網站或該(等)資料均不得被解釋為任何種類或任何形式的廣告、誘導或陳述。該(等)資料僅為一般傳送對象而擬備，並無考慮任何特定對象的特殊需求。

本網站上發佈的任何參考價位、報價、披露材料、估值和其他分析均根據反映KISA真誠決定的假設及參數擬備，不構成KISA的投資建議。其中所使用的假設及參數並不是唯一可能被合理選擇的假設及參數，因此，對其準確性、及時性、合理性或完整性，KISA不做任何保證。KISA亦不對未來將達到任何參考回報或業績表現作出陳述或保證。

適用於結構性產品的風險因素

結構性產品為非抵押性產品。如閣下投資結構性產品，則閣下將依賴結構性產品的發行人及其擔保人的信用。如發行人或擔保人無力償債或違約，閣下可能無法討回部分或所有的到期款項。

結構性產品的價格可急升或急跌，於某些情況下，閣下可能會蒙受全部資本損失。結構性產品於二級市場的流通性亦是無法預測的。KISA或會是本網站上所提述之結構性產品的唯一流通量提供者。KISA亦可能是在香港交易及結算所有限公司（下稱「香港交易所」）提供結構性產品報價的唯一實體。據此，結構性產品的二級市場可能十分有限。

因此，有意投資的人士在作出投資決策前應當確保了解結構性產品的性質及風險，如有需要的話，應咨詢 其本人的法律、稅務、會計、財務及其他專業顧問，以確保作出的任何投資結構性產品的決定與閣下的具體情況及財務狀況相匹配。因閣下認購或購買結構性產品而導致的任何財務後果或其他狀況，KISA不承擔任何受信責任或義務。

牛證／熊證（下稱「牛熊證」）設有強制收回機制。當現貨水平或相關資產現貨價於觀察期內觸及收回價或收回水平時，牛熊證將自動終止。於此種情況下，閣下將會損失所有在牛熊證的投資（適用於N類牛熊證），而牛熊證的剩餘價值亦可能為零（適用於R類牛熊證）。

利益衝突

KISA是一家提供全面服務的證券公司，從事各種證券交易及經紀活動，並為廣大客戶提供財務顧問服務。因此，對於閣下從本公司處購買的證券，KISA可能存在潛在的利益衝突。

KISA、其高級職員及僱員可不時地作出自營交易倉盤，及可能持有結構性產品的長倉或短倉或其他權益，並可能隨時於公開市場或其他地方購買及/或出售結構性產品，（不論是作為主事人、代理人或莊家）。同時，KISA亦參與或可能參與其他金融、投資及專業活動，例如向結構性產品的相關公司提供建議或提供貸款，或參與其債務的承銷或重組，這可能偶爾會引起與結構性產品相關的利益或利益衝突。

版權及商標

除明確說明外，本網站所涵蓋的資訊的版權歸KISA所有或授權予KISA。不得以其他方式複製該(等)資訊，亦不得向任何其他人士分發或傳輸該(等)資訊，或以任何方式將其納入其他網站、文件或其他資料。嚴禁使用本網站上顯示的任何商標及標識，事先獲得KISA及/或（如適用的話）可能擁有該(等)商標及標識的第三方的書面許可而使用者除外。

超連結

本網站可能載有連接其他網站的超連結，該(等)網站並非由屬於KISA的實體或KISA經營。提供該(等)連結僅為利便閣下獲得市場上其他相關產品及實體的進一步資訊。該(等)網站上提述的資訊或該(等)網站上的產品或服務屬KISA控制範圍以外，因此，KISA對其內容不作任何陳述，亦不承擔任何責任。納入第三方網站的連結不應解釋為KISA對該第三方網站的認可或該第三方對本網站的認可。建議閣下自行查詢於本網站描述或提供連結的第三方。請注意，閣下在瀏覽其他網站時將受到該(等)網站的使用條款所約束。

私隱

請參閱KISA的《私隱政策聲明》，以了解當閣下使用本網站時，閣下的個人資料將作何處理。

使用互聯網的風險

如閣下於電子交易系統進行交易，閣下將會面臨相關風險，包括硬件或應用軟件的故障。而任何的系統故障均可能導致閣下的指令不能按照閣下的指示執行或完全不能執行。同時，由於互聯網的公共性質，透過互聯網進行的交易可能會因網絡流量或錯誤的數據傳輸而導致中斷、傳輸停頓或傳輸延誤。KISA不擔保透過或通過互聯網傳輸的任何信息的安全性。

修訂及更新

KISA保留隨時變更全部或部分本網站並限制、中斷或終止其服務的權利。KISA無承諾會定期更新本網站。

同時，KISA亦保留權利，可隨時於網站上發佈最新的條款以更改或修訂本條款及細則，而毋須向閣下送遞其他形式的通知。如本免責聲明中的任何條文或其部分根據任何適用法律於任何方面屬或變為不合法、無效或不可執行，其他條文的有效性、合法性及可執行性均不會因此受到損害或影響。

適用法律及司法管轄權

本條款及細則於各方面均受香港法律專屬管轄並按香港法律詮釋。使用者需不可撤銷地同意及接受香港法院的專屬司法管轄權。

本互联网网站（下称「本网站」）由韩国投资证券亚洲有限公司（下称「KISA」）制作。请用户访问本网站前，阅读并同意本免责声明中的条款及细则（下称「本条款及细则」）。

本网站载列或上传的所有资讯及文件，包括指示性条款在内的所有内容（下称「该(等)资料」）及其传播，均受本条款及细则约束。

仅供香港居民使用

本网站列明或描述的该(等)资料及金融产品（下称「结构性产品」）仅以香港居民作为目标对象。於其他国家下载本网站的任何资讯可能属违法，并被严格禁止。如阁下从本网站下载的任何资料违反阁下现居住的司法管辖区的任何法律，KISA，韩国投资控股有限公司成员及/或其联营公司及有关联人士及/或其联属公司丶各自的董事丶高级职员及/或雇员（包括参与於本网站制备及发出该(等)材料的人员）对此不承担任何责任。居住於香港以外的人士亦不得依赖该(等)资料，或据此行事。访问本网站即表示阁下确认为香港居民并同意受本条款及细则的约束。

资料涉及的风险

本免责声明项下的该(等)资料是根据公开渠道获取并经KISA信纳为真实可靠的资讯所编纂，KISA并未核证该(等)资料的内容。KISA没有义务对该(等)资料进行更新或补充，或更正随後显现的任何不准确或不完整之处。

KISA或任何资料提供者均不对资料的真实性丶准确性丶完整性丶及时性丶可靠性丶充分性或合理性或任何该(等)资料於任何用途的适用性作出任何明示或隐含，任何种类的陈述或保证。

本网站涵盖的该(等)资料仅作参考，不得作为权威性资料或未经阁下独立核证或作出判断的情况下予以依赖或据此行事。因该(等)资料中的错误或错误陈述或遗漏而以任何方式（包括因疏忽大意）导致的损失或损害，KISA不承担任何责任。

非投资建议

该(等)资料无意构成或作为任何要约丶要约邀请丶招揽丶诱导丶建议丶推荐或协议（或其任何部分），以交易丶买卖丶获取丶处置丶认购或包销任何结构性产品。

本网站涵盖的任何内容均不构成任何合约或承诺的依据。本网站或该(等)资料均不得被解释为任何种类或任何形式的广告丶诱导或陈述。该(等)资料仅为一般传送对象而拟备，并无考虑任何特定对象的特殊需求。

本网站上发布的任何参考价位丶报价丶披露材料丶估值和其他分析均根据反映KISA真诚决定的假设及参数拟备，不构成KISA的投资建议。其中所使用的假设及参数并不是唯一可能被合理选择的假设及参数，因此，对其准确性丶及时性丶合理性或完整性，KISA不做任何保证。KISA亦不对未来将达到任何参考回报或业绩表现作出陈述或保证。

适用於结构性产品的风险因素

结构性产品为非抵押性产品。如阁下投资结构性产品，则阁下将依赖结构性产品的发行人及其担保人的信用。如发行人或担保人无力偿债或违约，阁下可能无法讨回部分或所有的到期款项。

结构性产品的价格可急升或急跌，於某些情况下，阁下可能会蒙受全部资本损失。结构性产品於二级市场的流通性亦是无法预测的。KISA或会是本网站上所提述之结构性产品的唯一流通量提供者。KISA亦可能是在香港交易及结算所有限公司（下称「香港交易所」）提供结构性产品报价的唯一实体。据此，结构性产品的二级市场可能十分有限。

因此，有意投资的人士在作出投资决策前应当确保了解结构性产品的性质及风险，如有需要的话，应咨询 其本人的法律丶税务丶会计丶财务及其他专业顾问，以确保作出的任何投资结构性产品的决定与阁下的具体情况及财务状况相匹配。因阁下认购或购买结构性产品而导致的任何财务後果或其他状况，KISA不承担任何受信责任或义务。

牛证／熊证（下称「牛熊证」）设有强制收回机制。当现货水平或相关资产现货价於观察期内触及收回价或收回水平时，牛熊证将自动终止。於此种情况下，阁下将会损失所有在牛熊证的投资（适用於N类牛熊证），而牛熊证的剩馀价值亦可能为零（适用於R类牛熊证）。

利益冲突

KISA是一家提供全面服务的证券公司，从事各种证券交易及经纪活动，并为广大客户提供财务顾问服务。因此，对於阁下从本公司处购买的证券，KISA可能存在潜在的利益冲突。

KISA丶其高级职员及雇员可不时地作出自营交易仓盘，及可能持有结构性产品的长仓或短仓或其他权益，并可能随时於公开市场或其他地方购买及/或出售结构性产品，（不论是作为主事人丶代理人或庄家）。同时，KISA亦参与或可能参与其他金融丶投资及专业活动，例如向结构性产品的相关公司提供建议或提供贷款，或参与其债务的承销或重组，这可能偶尔会引起与结构性产品相关的利益或利益冲突。

版权及商标

除明确说明外，本网站所涵盖的资讯的版权归KISA所有或授权予KISA。不得以其他方式复制该(等)资讯，亦不得向任何其他人士分发或传输该(等)资讯，或以任何方式将其纳入其他网站丶文件或其他资料。严禁使用本网站上显示的任何商标及标识，事先获得KISA及/或（如适用的话）可能拥有该(等)商标及标识的第三方的书面许可而使用者除外。

超连结

本网站可能载有连接其他网站的超连结，该(等)网站并非由属於KISA的实体或KISA经营。提供该(等)连结仅为利便阁下获得市场上其他相关产品及实体的进一步资讯。该(等)网站上提述的资讯或该(等)网站上的产品或服务属KISA控制范围以外，因此，KISA对其内容不作任何陈述，亦不承担任何责任。纳入第三方网站的连结不应解释为KISA对该第三方网站的认可或该第三方对本网站的认可。建议阁下自行查询於本网站描述或提供连结的第三方。请注意，阁下在浏览其他网站时将受到该(等)网站的使用条款所约束。

私隐

请参阅KISA的《私隐政策声明》，以了解当阁下使用本网站时，阁下的个人资料将作何处理。

使用互联网的风险

如阁下於电子交易系统进行交易，阁下将会面临相关风险，包括硬件或应用软件的故障。而任何的系统故障均可能导致阁下的指令不能按照阁下的指示执行或完全不能执行。同时，由於互联网的公共性质，透过互联网进行的交易可能会因网络流量或错误的数据传输而导致中断丶传输停顿或传输延误。KISA不担保透过或通过互联网传输的任何信息的安全性。

修订及更新

KISA保留随时变更全部或部分本网站并限制丶中断或终止其服务的权利。KISA无承诺会定期更新本网站。

同时，KISA亦保留权利，可随时於网站上发布最新的条款以更改或修订本条款及细则，而毋须向阁下送递其他形式的通知。如本免责声明中的任何条文或其部分根据任何适用法律於任何方面属或变为不合法丶无效或不可执行，其他条文的有效性丶合法性及可执行性均不会因此受到损害或影响。

适用法律及司法管辖权

本条款及细则於各方面均受香港法律专属管辖并按香港法律诠释。使用者需不可撤销地同意及接受香港法院的专属司法管辖权。

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.

For Hong Kong residents’ use only

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.

Risks for the Materials

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.

Non-investment Advice

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.

Risk Factors for Structured Products

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).]

Conflict of Interest

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.

Copyright and Trademarks

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.

Hyperlinks

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.

Privacy

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

Risks of using the Internet

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.

Amendments and Updates

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.

Governing Law and Jurisdiction

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.