Important note: If you enter any website (see below for definition) or any of its web pages, you agree, acknowledge and confirm the terms and conditions set out below and are bound by them. For the avoidance of doubt, if you are provided with any electronic service (as defined below), your access to and use of the service will be subject to the terms and conditions governing access to and use of the service and not to this disclaimer and terms of use.

1. Interpretation

1.1. Unless the context specifies otherwise, in this disclaimer and terms of use, the following terms have the following meanings: Patrons Securities Limited (hereinafter referred to as "PATRONS") is collectively and individually referred to as "PATRONS" in this disclaimer and terms of use and website. "Electronic Services" means the Internet and/or other facilities provided by or on behalf of PATRONS so that clients can issue electronic instructions and (if applicable) offers, and receive in Hong Kong or elsewhere in accordance with the terms and conditions of documents agreed between PATRONS and its clients Information and related services. "Hong Kong" means the Hong Kong Special Administrative Region of the People's Republic of China. "Information" means the information contained on the website (whether provided by PATRONS or any third party and whether generated by any tools provided on the website) or information sent by PATRONS through short message service ("SMS") (if applicable) , Data, messages, data and other content. "Third Party Service Providers" refer to third parties who provide certain services on the website or whose services can be ordered on or through the website. "Website" means PATRONS's website.

1.2. Unless the context specifies otherwise, in this disclaimer and terms of use, (i) For words that refer to a singular number, their interpretation shall include the plural number, and vice versa; (ii) For words that refer to a person, their interpretation includes individual , Legal entity or unincorporated entity; (iii) Any term referring to any specific gender, its interpretation includes all genders; (iv) Any term referring to laws or statutory provisions, its interpretation includes amendments and renewals effective from time to time This, superseding, superseding or re-promulgating, and also includes related regulations or statutory provisions of subsidiary regulations; and (iv) the title is for convenience only and should be ignored when interpreting this disclaimer and terms of use.

2. Legality and no offer

2.1. If the publication or use of the information (or any part of it) may violate any laws or regulations of any jurisdiction, or may subject PATRONS to any laws or regulations of that jurisdiction, the information (or Any part) is not intended to be published or used by anyone in the jurisdiction. Anyone who intends to access or use any part of the website/information must ensure that he does not have to comply with any local regulations that restrict or prohibit such access or use.

2.2. The information does not constitute a lobbying or offer by PATRONS to purchase, sell or otherwise trade any securities, futures, options or other financial instruments or other products (regardless of whether PATRONS is in the capacity of principal or agent or other circumstances), Or to provide any service or advice of any nature.

3. Disclaimer

3.1. Although the information is provided in good faith and obtained or compiled from sources considered reliable by PATRONS, PATRONS does not represent or guarantee (whether explicit or implicit) the accuracy, validity, sufficiency, sequence, and timeliness of any information Or completeness.

3.2. The Internet or other electronic media (including but not limited to websites, electronic devices, services provided by third-party telecommunication service providers, such as mobile phones or other portable transaction devices or interactive voice response system devices) are inherently unreliable Communication media, and the unreliability is beyond the control of PATRONS. This unreliability may have different consequences, for example: it may cause any communication or information transmission failure or delay, or affect any function that the website can provide or the timeliness, sequence, accuracy, validity, and effectiveness of any communication or information. Adequacy or integrity, or cause any loss of communication or information or loss of confidentiality. The above is not exhaustive of all the consequences of unreliability. PATRONS is not responsible for the unreliability or the public nature of the Internet or other electronic media or any reasons beyond the control of PATRONS (including but not limited to the interruption or failure of communication facilities) directly or indirectly generated or related to any nature Losses, damages, expenses, expenses, claims or liabilities, even if any relevant notice has been sent to PATRONS.

3.3. The information provided on the website does not constitute any suggestions or recommendations of PATRONS, and you or any other person should not rely on it.

3.4. All quotations provided on the website do not constitute any commitment of PATRONS.

3.5. Although the information may indicate otherwise, PATRONS does not make express or implied guarantees or declarations (including but not limited to the merchantability, suitability for a particular purpose, safety, non-infringement of third-party rights or exemptions). On computer viruses or other harmful components), and does not bear any responsibility for any information or any part of the website or website function or any reliance, access or use or inaccessibility or inaccessibility to any information or any website part or website function Responsibilities of any nature related to or resulting from use, even if any relevant notice has been issued to PATRONS.

3.6. You can subscribe to services provided by third-party service providers. Your visit and use of these services are subject to the agreement between you and the third- party service provider and you must abide by the agreement. Although these services are provided or ordered on or through the website, PATRONS does not approve or endorse these services, or any information, data, data, messages or content provided by or through these services, or related to such services. Any matters related to such services, or any matters related to any information, data, data, messages or content provided by or through such services, including but not limited to any required software. PATRONS will not be and will not be a party to any agreement or other arrangement between you and a third-party service provider. Therefore, PATRONS shall not be liable for these services or any information, data, data, messages or content provided by or through such services, even if any relevant notice has been sent to PATRONS. In addition, PATRONS shall not be liable for any act or omission of any third party (whether the third party is a third-party service provider or not) or any resulting liabilities, even if any relevant notice has been issued to PATRONS.

3.7. Any software required to use any part of the website/information may be governed by a license agreement and you must comply with its terms and conditions. You are the only person responsible for your breach of any of these terms or conditions. PATRONS does not assume any responsibility for downloading or using the software in any other way.

3.8. PATRONS may exercise its absolute discretion at any time and from time to time to make changes to the information and/or the website (or any part of it) and/or deny you access and/or use of the website without notice or giving any reason (Or any part of the website). PATRONS shall not be liable for any such changes or rejections, even if any relevant notice has been sent to PATRONS.

3.9. PATRONS does not claim or guarantee the content of any third-party advertisements, information, or content displayed or contained on this website, published through this website, linked to this website, or downloadable or obtainable from this website Its accuracy, authenticity or reliability. For any third-party products or services displayed in advertisements on this website or accessible from this website, PATRONS cannot and will not claim or guarantee its quality, commercial quality, applicability, or its reach A specific purpose. PATRONS will not assume any responsibility for such products or services.

4. Intellectual Property and Others

4.1. PATRONS and other persons own the commercial names, trademarks, service marks and logos and similar things displayed on the website, and unless the prior written consent of PATRONS and/or the persons mentioned above is obtained, no person shall be allowed to use so.

4.2. The information and the information, data, data and content provided by any third- party service provider are protected by copyright, and unless the prior written consent of PATRONS and/or the above-mentioned person, the above (or Any part of it) shall not be reproduced, transmitted, copied, published, distributed, shared, modified or otherwise used for other purposes.

4.3. You may not modify, disassemble, reverse engineer, establish a connection or inject computer viruses or other harmful components into or without authorization to enter or use any part of the website or information or any service, information, or information provided by any third-party service provider. Data, information, message or content. In addition, you must not permit or assist others in the above matters. Unauthorized use of any part of the website or information or any service, information, data, data, information or content provided by any third-party service provider, including but not limited to any other network or network for any purpose Use the above in a computer environment.

5. Connect to the website

5.1. Your access to or use of any other websites connected to the website ("third-party websites") or any part of their respective content is at your own risk. PATRONS is not responsible for any matters related to third-party websites (including but not limited to their content or settings). Your access to and/or use of any third-party website will be governed by the terms and conditions of the website owner/provider (including but not limited to the privacy statement of the website) and you must abide by these terms and conditions. Although there are hyperlinks to third-party websites, PATRONS does not endorse, approve, guarantee or recommend any third-party, any third-party website or any of its products or services. PATRONS will not be and will not become a party to any agreement or other arrangement between you and any third-party website owner/provider. Therefore, PATRONS shall not assume any liability related to or resulting from any third-party website, even if any relevant notice has been sent to PATRONS.

5.2. PATRONS is not responsible for any matters related to any software required to connect to any third-party website (including but not limited to downloading the relevant software), nor is it responsible for the consequences of your downloading or using the relevant software in any other way. Downloading or using the software may be governed by a license agreement and you must abide by the terms and conditions contained therein. You are the only person responsible for your breach of any of these terms or conditions. PATRONS assumes no responsibility for downloading or otherwise using the software.

6. Disclosure
Disclosure of interests:

6.1. PATRONS, its directors, representatives, employees and/or related persons and/or family members of the aforementioned persons and PATRONS’s clients may become available for sale or purchase on the open market or in any other way (as principal or agent) from time to time Or otherwise deal with the counterparties of any companies, investments and/or instruments mentioned on the website or through the website, or directly and/or indirectly own the interests in such companies, investments and/or instruments (whether from a mortgage interest or other Way to obtain) and/or position (long or short position).

6.2. PATRONS is actively engaged in financial services business, and may establish or develop business relationships (including but not limited to lending, depository, risk management, advisory, and bank transactions) with third parties including equity issuers in the course of such business Relationship), and PATRONS may also (including) become a member and/or have ownership interests in an exchange or other venue where securities or other instruments (which may be mentioned on the website or mentioned through the website) are bought and sold, and/or Acting as a market maker for securities and these instruments.

6.3. As mentioned in paragraphs 6.1 and 6.2 above, PATRONS, its directors, representatives, employees and/or related persons and/or the families of the aforementioned persons may be involved in the securities, investments/or instruments mentioned on the website or through the website. Owning or obtaining non-public information and such information shall not be provided to you. In addition, the rights and interests of PATRONS, its directors, representatives, employees and/or related persons and/or family members of the aforementioned persons may conflict with your rights, and subject to applicable laws and regulations, PATRONS, its directors, representatives, employees And/or related persons and/or the families of the aforementioned persons each reserve the right to take actions that they deem necessary or appropriate (including but not limited to any sale, disposal or enforcement of any securities, investments and/or instruments) to protect Its rights.

Risk disclosure:

6.4. Risk disclosure statements or information ("Risk Disclosure") may be provided on the website from time to time. If the risk disclosure is posted on any part of the website or when there is risk disclosure on the website, you enter or use or continue to enter or use any part of the website; that is, you will be deemed to have read, understood and accepted the risk disclosure The stated terms and risks.

7. Privacy

 7.1. You agree to the terms contained in the operational statement regarding the Personal Data (Privacy) Ordinance.

8. Indemnity

8.1. You should indemnify PATRONS when asked for or in relation to your entry and/or use of the website (or any part of it) and/or information (or any part of it) and/or PATRONS relied on and/or treated it as a basis for action Any information, data, messages or communications from or alleged to be from you, or your violation of any provision of this disclaimer and terms of use, which results in all liabilities, claims, costs, expenses, and expenses that PATRONS reasonably suffer or incur directly or indirectly Damage (regardless of nature) and ensure that PATRONS is protected from loss.

9. General

9.1. PATRONS may exercise its absolute discretion at any time and from time to time without notice to make any amendments to this disclaimer and terms of use, and the revised version of this disclaimer and terms of use will take effect immediately after it is posted on the website.

9.2. Each clause of this disclaimer and terms of use can be divided and distinguished from other clauses. If any provision of this disclaimer and terms of use is or becomes illegal, invalid or unenforceable in any jurisdiction at any time, the legality of the remaining provisions of this disclaimer and terms of use in that jurisdiction, The validity and enforceability, or the legality, validity and enforceability of this clause or the rest of this disclaimer and terms of use in other jurisdictions will not be affected or impaired.

9.3. This disclaimer and terms of use may be translated into other languages. If there is any ambiguity or conflict between the translated version and the English version, the English version shall prevail.

9.4. This disclaimer and terms of use are regulated and interpreted by Hong Kong law in all aspects.