IMPORTANT DISCLOSURES AND DISCLAIMERS

This material was prepared by the HD Capital affiliated named on the cover or inside cover page. It is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. While based on information believed to be reliable, on guarantee is given that it is accurate or complete. While we Endeavour to update on a reasonable basis the information and opinions contained herein, there may be regulatory, compliance or other reasons that prevent us from doing so. The opinions, forecast, assumptions, estimates, derived valuation and target price(s) contained in this material as of the date indicated and are subject to change at any time without prior notice. The investments referred to may not be suitable for the specific investment objectives, financial situation or individual needs of recipients and should be not relied upon in substitution for the exercise of independent judgement. The stated price of any securities mentioned herein is as of the date indicatedand is not a representation that any transaction can be affected at this price. Neither HD Capital nor other person shall be liable for any direct, indirect, special, incidental, consequential, punitive and exemplary damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only and the contents may not be reproduced, redistributed, or copied in whole or in part for any purpose without HD Capital’s prior express consent. In any jurisdiction in which distribution to private/retail customers would require registration or licensing of the distributor which the distributor does not currently have, this document is intended solely for distribution to professional and institutional investors.

By filling the form of Opening Account through this website, can not be contrued as an approval of any application from HD Capital.