Re: Potential Market Risk of Russia-related Securities

With regard to the increasing tension between Ukraine and Russia, several countries and governments have imposed sanctions against Russia. Exchanges of major markets may have temporarily suspended the trading of certain Russia-related securities.

We would like to caution customers who are investing in Russia-related securities that their prices might experience significant volatility and low liquidity in their market. You should consult your own independent legal, tax or financial advisors prior to entering into any transaction.

You should make the decision to invest in this type of products only after due and careful consideration.

Should you have any enquiries, please feel free to contact your designated Account Executive or our Investment & Customer Services Department at telephone (852) 2919 2919.

Yours faithfully,
Emperor Securities Limited