Important Risk Disclosure
Securitiesinvestments involve risks, including but not limited to the following:
1. Macroeconomic Risks
Changes in national and international macroeco nomic conditions may cause fluctuations in the securities markets, potentially resulting in investment losses for which you will be solely responsible.
2. Policy Risks
Changes in laws,regulations, and policies related to the securities market may lead to price fluctuations and potential losses, for which you will be fully responsible.
3. Operating Risks of Listed Companies
Changes in the business environment of an industry or a listed company-- such as poor management,senior leadership turnover, major lawsuits, or operational failures- -may cause volatility in stock prices. Mismanagement may result in trading suspensions or delistings, and you will bear any resulting losses.
4. Technical Risks
Transactions,clearing, settlement, and fund transfers rely on electronic systems. Thesesystems may be vulnerable to cyberattacks, technical defects, or softwarefailures, which could result in delays or losses for which you are responsible.
5. Operational Risks
Losses may arise from forgotten passwords, user errors, poor investment decisions, or unauthorizedactions during incomplete online transactions. Delays or attacks on online systems may also cause financial loss.
6. The Risk of Particular Types of Securities
Some investment instruments- such as warrants or derivatives-- carry higher levels of risk. You should evaluate your financial situation and risk tolerance before investing in such securities.
7. Risks caused by force majeure
Natural disasters (e.g.earthquakes, floods, wars,pandemics) and system-related failures (e.g.,equipmentmalfunction, communication outages, power failures) may disrupt securities trading and fund transfers. In such events, transactions may not be executed,or funds may not be transferred in time. You will be responsible for any resulting losses or inconvenience.