Dear investors

Welcome to join the intellectual property standardization products exclusively sold by the Hong Kong Intellectual Property Exchange (hkipx)! In order to make you fully understand the risk of intellectual property standardization transaction, this risk reminder is hereby provided in accordance with hkipx trading platform trading rules (Trial) and other relevant provisions. If you choose to participate in the standardized trading of intellectual property rights on this trading platform, you will be deemed to have carefully read the above rules, regulations and this risk notice, and voluntarily bear the risks brought about by the exchange.

In view of the risks and possible losses of investors in intellectual property standardization transactions, please carefully consider whether your own situation is suitable for such transactions, and make sure that you can bear the risks and losses. At the same time, objectively and rationally recognize the risks of intellectual property standardization transactions, including but not limited to:

1、 Macroeconomic risks:

Due to the changes of global macroeconomic situation and intellectual property market, there may be situations that may affect the fluctuation of price; the change of international macroeconomic situation will also have an impact on the trading market, resulting in the fluctuation of transaction price.

2、 Policies, regulations and market risks:

As an innovative trading mode, the trading rules of intellectual property standardization trading still need to be improved in practice. The changes of national laws, regulations and policies and other factors affecting the price fluctuation may affect the trading price; or the relevant rules of the exchange may be revised by hkipx according to the changes of national laws, regulations and policies, It may affect the change of the qualification of trading subject and trading rules. The above-mentioned price fluctuation of HKX may lead to the adjustment of the HKX rules and regulations.

3、 Identification and assessment risk:

As there is no authoritative appraisal and evaluation institution, unified appraisal and valuation procedures and complete appraisal and valuation methods in China, the appraisal and valuation opinions of intellectual property standardized products are only for investors' reference, not as the basis for investors to claim other rights and interests.

4、 Technical risk:

Because the transaction, information display and fund transfer are realized by using electronic communication technology and computer technology and through the Internet transmission, these technologies may be attacked by network hackers and computer viruses, or the communication technology, computer technology and related software may have defects, and the Internet transmission failure may also cause your transaction instructions If the transaction cannot be transmitted in a timely manner, these risks may lead to the failure of your transaction declaration to be completed or all transactions can not be completed, or the transfer funds can not arrive in the account in time, the transaction is delayed, suspended or even unable to complete the transaction.

5、 Force majeure risk:

Such as earthquake, typhoon, fire, flood, war, plague, social unrest and other force majeure factors may lead to the paralysis of trading system; uncontrollable and unpredictable system failure, equipment failure, communication failure, power failure, etc. of the center may also lead to abnormal operation or even paralysis of the trading system; system failure and equipment failure that cannot be controlled and predicted by the bank , communication failure, power failure, etc. may also lead to the abnormal operation or even paralysis of the fund transfer system. These risks may lead to the failure of your transaction declaration to complete the transaction, or the transfer fund cannot arrive in the account in time.

6、 Risk of account and password disclosure:

Due to the password leakage and account leakage caused by virus intrusion and hacker attack of investor members using computers, or the identity of investors is falsely used, it may lead to failure to correctly issue declaration instructions, malicious false declaration or declaration failure, delay, error, etc.

7、 Software and hardware system risks of investor members:

The investor's computer equipment and software system do not match with the online trading system provided, resulting in failure or delay of declaration.

8、 Other risks:

The loss of investor members may be caused by password loss, improper operation and wrong investment decision-making; losses caused by malicious operation of others due to failure to exit in time after online declaration and hot key operation; failure to exit online transaction in time may also lead to hacker attacks, resulting in losses.

All of the above risks may lead to losses of investors, which shall be borne by investors themselves. When investors participate in the transaction, any promise given by others to guarantee profits or not to suffer losses is groundless, and similar promises will not reduce the possibility of losses.

The tips in this transaction risk reminder are only for listing, and can not list in detail all risks of standardized trading of intellectual property rights in hkipx and all situations that may affect abnormal market fluctuation. Other unforeseen risk factors may also bring losses to investors. Before trading, investors should ensure that they have done enough risk assessment and financial arrangements to avoid unbearable losses due to their participation in the transaction.

Special tips: hkipx advises investors that they should carefully formulate trading strategies according to their own economic conditions and psychological endurance, especially when they decide to purchase products with greater potential risks, they should be more aware of the risks contained in the standardized products of intellectual property rights.

The trade of intellectual property standardized products is an innovative trading mode. Investors are likely to make profits and also have the risk of loss when trading. When investors participate in the transaction, we solemnly remind investors to read carefully and remember the following advice:

1. Please allocate personal assets reasonably and do not put all personal assets into the trading market.

2. Please manage your wealth rationally. Don't put the necessary funds for your life, your own housing mortgage or other loans into the trading market.

3. Please objectively evaluate your ability to resist risks and choose appropriate investment varieties.

4. Please make proper use of investment strategy and reserve appropriate funds for contingency.

5. Please carefully understand the intellectual property standardized products invested, and can not operate blindly based on market rumors.

6. Please carefully understand and master the necessary knowledge and relevant laws and regulations required for investment, so as to improve the ability of self-protection.

Hkipx does not authorize any individual or organization to conduct entrusted investment and financial management business. In order to protect the legitimate rights and interests of investors, please do not sign a transaction agency agreement with anyone, otherwise all consequences arising therefrom will be borne by the investors.

Hkipx solemnly reminds investors: the investment of intellectual property standardized products is a kind of venture capital. Please distinguish the relationship between investment and speculation, risk and income, establish correct investment concept, enter the market cautiously, operate rationally, and pay attention to physical and mental health and capital safety.

This risk reminder does not indicate all the risks involved in the transaction of intellectual property standardization products and all situations of the market for intellectual property standardization products. Investors must have a clear understanding of this.

"There are risks in investment and we should be cautious when entering the market.". Please remember the risk!

I / I have read and fully understand the above transaction risk tips and am willing to bear all kinds of risks in the trading market.

From January 1, 2020