Important Information

Licensing and Affiliates

Rayliant Global Advisors Limited is not a licensed nor a regulated entity but is affiliated with numerous licensed or regulated subsidiaries (collectively known as “Rayliant”) across several jurisdictions. Any regulated activity may only be conducted through licensed or regulated entities and individuals permitted to do so within the respective jurisdictions. Such affiliates include: (1) Henderson Rowe Limited, a private limited company registered in England and Wales with the company no. 4379340, which is authorized and regulated by the U.K. Financial Conduct Authority, with its registered office at 1 London Street, Reading, Berkshire, RG1 4PN; (2) Rayliant Asset Management Limited, a Hong Kong registered limited company licensed by the Hong Kong Securities and Commissions to conduct Type 4 and Type 9 regulated activities in relation to Professional Investors; (3) Rayliant Asset Management, LLC, a Delaware LLC and United States Registered Investment Adviser; and (4) King Capital Asset Management (上海景资投资管理有限公司), a Shanghai-based asset manager authorized and regulated by the Asset Management Associated of China to conduct private fund management business in China.

Capital at Risk

Investment involves risk. The value of investments may fall, as well as rise, and you may not recover the original investment amount.

Accuracy of Information and Limitation of Liability

While reasonable care has been taken to ensure the accuracy of the information as of the date of publication, Rayliant does not give any warranty or representation, expressed or implied, and expressly disclaims liability for any errors and omissions. Information may be subject to change without notice. Rayliant accepts no liability for any loss, indirect or consequential damages, arising from the use of or reliance on this material.

Information Purposes Only

This material is for information only and any securities mentioned herein are for illustration purposes only. It is not intended to be an offer or solicitation for the purchase or sale of any security and should not be construed as an investment advice.

Intellectual Property

Unless stated otherwise, all names, trademarks and logos used in this material are the intellectual property of Rayliant. This material (or a link to this material) may be shared, provided (1) such sharing is free; (2) the material is not altered in any way; and (3) the material is properly and fully attributed to Rayliant.

Past Performance

This material contains data relating to past performance. Past performance is not indicative of future results. Any prediction, projection or forecast is also not indicative of future performance. Performance data are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise stated, are presented on a gross-of-fee basis, without making allowance for trading costs, management fees, or other costs associated with asset management.