Gswarrants.com.hk Website Review

In order to comply with applicable laws and regulations, Goldman Sachs needs to view this Users of the content of the website are restricted to residents of the Hong Kong Special Administrative Region (Hong Kong) of the People's Republic of China. You will need to read the jurisdictions in which you live after reviewing these Terms and Conditions of Use to proceed further. The content and services of this website are not intended to be intended for non-residents of Hong Kong. These individuals should not use the content and services of this website. Goldman Sachs There is no collateral for this product, and investors rely on the credibility of the issuer and guarantor. If the issuer or guarantor is insolvent or defaults, the investor may not be able to recover some or all of the receivables. Before investing, you should understand the product characteristics and risks, consider whether the investment is suitable for your individual circu*stances, and consult the relevant professional consultants. Warrants and CBBCs are complex products. In addition to the price of the underlying as*ets and their changes, there are other factors that affect the warrant price. The value of warrants and CBBCs may rise or fall sharply, and the holder's investment may suffer a total loss. The CBBCs are subject to a mandatory redemption mechanism and may be terminated early. At that time, (i) N-type CBBC investors will not be issued any amount; and (ii) the residual value of the R-type CBBCs may be zero. Past performance is not indicative of future performance. In some cases, Goldman Sachs' liquidity provider may be the only one on the Hong Kong Stock Exchange that provides trading quotes for Goldman Sachs warrants and Goldman Sachs CBBCs. You should read in detail the relevant listing docu*ents containing the warrants and the CBBC terms and risk disclosures. The listing docu*ents can be do*nloaded from this website: www.gswarrants.com.hk The use of this website is provided by Goldman Sachs. For the purposes of these Terms and Conditions, Goldman Sachs means Goldman Sachs (Asia) LLC and its affiliates, and their respective managers, directors, managing directors, partners and employees. “This Site” means the Hong Kong Warrants website of Goldman Sachs (Asia) LLC, which is available for public inspection (subject to the limitations of this docu*ent). Your use of the products and services of this website may be monitored by Goldman Sachs. All information obtained from such surveillance may be used by Goldman Sachs for its internal commercial purposes or in accordance with the rules of any applicable regulatory or self-regulatory body.