Disclaimer and Disclosures

Disclosures with Recommendations

Disclaimer

The reports and recommendations are purely for educational purposes and not investment advice. Investors must consult a certified financial advisor and consider individual risk before investing. No guarantees of returns or future performance are implied.

Analyst Holdings and Positions

The analyst has no holding or position in the securities recommended herein.

Connection or Association

The analyst has no connection or association of any sort with any issuer of the products/securities recommended herein.

Conflicts of Interest

The analyst has no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/securities. There are no material facts or information that might compromise the analyst's objectivity or independence in carrying out recommendation services.

Remuneration

The analyst has not received any form of remuneration or consideration from the products/securities recommended herein.

Disciplinary History

The research analyst has no material adverse disciplinary history as of the publication date of this report.

Associates

The research analyst has no associates.

Beneficial Ownership

Research analysts or its employees or associates may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the research report.

Financial Interest

Research analysts or its employees or associates do not have any financial interest in the subject company.

Conflicts of Interest (Publication Time)

Research analysts or its employees or associates have no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/securities at the time of publication of the research report.

Remuneration or Compensation

Research analysts or its employees or associates have not received any form of remuneration, consideration, or compensation from the subject company or anyone in connection with the research report in the past twelve months.

Client Status

The subject company was not a client of the research analyst during the twelve months preceding the date of distribution of the research report.

Corporate Positions

Research analysts or its employees or associates have not served as an officer, director, or employee of the subject company.

Market Making Activities

Research analysts or its employees or associates have not been engaged in market-making activities for the subject company.

Access to Securities Information

To access key features of the securities, including performance track records, please visit the following links: