Risk Disclosure

RISK DISCLOSURE Effective Date: September 2026 1. General Investment Risk Investing involves risk. The value of an investment may increase or decrease over time, and there is no guarantee that an investor will recover the amount originally invested. Past performance is not a reliable indication of future results. Any performance information presented by the firm should be considered together with the relevant investment terms, assumptions, fees, and risk factors. 2. Loss of Capital Depending on the investment product, clients may lose part or all of the capital invested. Clients should not invest funds that they cannot afford to lose and should consider their financial circumstances before making an investment decision. 3. Market Risk Investment values may be affected by changes in financial markets, economic conditions, interest rates, inflation, exchange rates, investor sentiment, political developments, and other factors. Market conditions can change rapidly and may affect the value or liquidity of an investment. 4. Liquidity Risk Certain investments may not be immediately convertible into cash. The ability to withdraw or transfer funds may depend on the terms of the investment, applicable holding periods, market conditions, and other requirements. 5. Investment-Specific Risk Different investment products carry different levels and types of risk. Clients should review the specific information provided for an investment before committing funds, including applicable terms, fees, restrictions, expected investment period, and relevant risk factors. 6. No Guarantee of Returns The firm does not guarantee investment returns, profits, capital appreciation, or the recovery of invested capital unless expressly stated in a legally binding agreement and permitted under applicable law. 7. Currency Risk Where an investment or transaction involves a currency different from the client's primary currency, changes in exchange rates may affect the value of the investment and the amount ultimately received by the client. 8. Operational Risk Investment services may be affected by operational failures, technology interruptions, communication failures, payment processing delays, cybersecurity incidents, or other events affecting financial or technological infrastructure. 9. Regulatory and Legal Risk Changes in laws, regulations, tax requirements, or regulatory policies may affect an investment, the services available to clients, or the manner in which transactions are processed. 10. Independent Consideration Clients should carefully consider whether an investment is appropriate for their individual circumstances before committing funds. Where appropriate, clients should obtain independent financial, legal, accounting, or tax advice. 11. No Investment Advice Unless Expressly Provided Information provided through this website is general in nature unless expressly identified as advice provided under an applicable advisory relationship. Website content should not be relied upon as a personal recommendation to purchase, sell, or hold a particular investment. 12. Acknowledgement By proceeding with an investment, the client acknowledges that investments involve risk and that returns are not guaranteed. Clients are responsible for reviewing the relevant investment information and understanding the risks applicable to the investment before proceeding.