{"id":16146,"date":"2025-08-06T01:02:46","date_gmt":"2025-08-06T01:02:46","guid":{"rendered":"https:\/\/www.argonaut.com\/?page_id=16146"},"modified":"2025-09-18T01:55:02","modified_gmt":"2025-09-18T01:55:02","slug":"disclaimers-and-disclosures","status":"publish","type":"page","link":"https:\/\/www.argonaut.com\/zh\/disclaimers-and-disclosures\/","title":{"rendered":"\u514d\u8d23\u58f0\u660e\u548c\u62ab\u9732"},"content":{"rendered":"

Documents, Disclaimers & Disclosures<\/h2>\n
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Meet the Team<\/a><\/p>\n<\/div>\n

Document library<\/h3>\n
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Information Disclosure<\/h2>\n
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Each research analyst of this material certifies that the views expressed in this research material accurately reflect the analyst\u2019s personal views about the subject securities and listed corporations. None of the listed corporations reviewed or any third party has provided or agreed to provide any compensation or other benefits in connection with this material to any of the analyst(s).<\/p>\n<\/div>\n

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General Disclosure and Disclaimer<\/h3>\n
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This research has been prepared by Argonaut Securities Pty Limited (ABN 72 108 330 650) (\u201cASPL\u201d) for the use of the clients of ASPL and other related bodies corporate (the \u201cArgonaut Group\u201d) and must not be copied, either in whole or in part, or distributed to any other person. If you are not the intended recipient you must not use or disclose the information in this report in any way. ASPL is a holder of an Australian Financial Services License No. 274099 and is a Market Participant of the Australian Stock Exchange Limited.<\/p>\n

Nothing in this report should be construed as personal financial product advice for the purposes of Section 766B of the Corporations Act 2001 (Cth). This report does not consider any of your objectives, financial situation or needs. The report may contain general financial product advice and you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.<\/p>\n

This research is based on information obtained from sources believed to be reliable and ASPL have made every effort to ensure the information in this report is accurate, but we do not make any representation or warranty that it is accurate, reliable, complete or up to date. The Argonaut Group accepts no obligation to correct or update the information or the opinions in it. Opinions expressed are subject to change without notice and accurately reflect the analyst(s)\u2019 personal views at the time of writing. No member of the Argonaut Group or its respective employees, agents or consultants accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this research and\/or further communication in relation to this research.<\/p>\n

Nothing in this research shall be construed as a solicitation to buy or sell any financial product, or to engage in or refrain from engaging in any transaction. The Argonaut Group and\/or its associates, including ASPL, officers or employees may have interests in the financial products or a relationship with the issuer of the financial products referred to in this report by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, director or adviser. Further, they may buy or sell those securities as principal or agent, and as such may effect transactions which are not consistent with the recommendations (if any) in this research. The Argonaut Group and\/or its associates, including ASPL, may receive fees, brokerage or commissions for acting in those capacities and the reader should assume that this is the case.<\/p>\n

There are risks involved in securities trading. The price of securities can and does fluctuate, and an individual security may even become valueless. International investors are reminded of the additional risks inherent in international investments, such as currency fluctuations and international stock market or economic conditions, which may adversely affect the value of the investment.<\/p>\n

The analyst(s) principally responsible for the preparation of this research may receive compensation based on ASPL\u2019s overall revenues.<\/p>\n<\/div>\n

For U.S. Persons Only<\/h3>\n
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This research report is a product of Argonaut Securities Pty Limited, which is the employer of the research analyst(s) who has prepared the research report. The research analyst(s) preparing the research report is\/are resident outside the United States (U.S.) and are not associated persons of any U.S. regulated broker-dealer and therefore the analyst(s) is\/are not subject to supervision by a U.S. broker-dealer, and is\/are not required to satisfy the regulatory licensing requirements of FINRA or required to otherwise comply with U.S. rules or regulations regarding, among other things, communications with a subject company, public appearances and trading securities held by a research analyst account.<\/p>\n

This report is intended for distribution by Argonaut Securities Pty Limited only to \u201cMajor Institutional Investors\u201d as defined by Rule 15a-6(b)(4) of the U.S. Securities and Exchange Act, 1934 (the Exchange Act) and interpretations thereof by U.S. Securities and Exchange Commission (SEC) in reliance on Rule 15a 6(a)(2). If the recipient of this report is not a Major Institutional Investor as specified above, then it should not act upon this report and return the same to the sender. Further, this report may not be copied, duplicated and\/or transmitted onward to any U.S. person, which is not the Major Institutional Investor.<\/p>\n

In reliance on the exemption from registration provided by Rule 15a-6 of the Exchange Act and interpretations thereof by the SEC in order to conduct certain business with Major Institutional Investors, Argonaut Securities Pty Limited has entered into an agreement with a U.S. registered broker-dealer, Marco Polo Securities Inc. (\u201cMarco Polo\u201d). Transactions in securities discussed in this research report should be effected through Marco Polo or another U.S. registered broker dealer.<\/span><\/p>\n<\/div>\n

Argonaut Email Disclaimer and Disclosure<\/h3>\n
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This email and any attachments are intended solely for the addressee. Unauthorised use is strictly prohibited and may be unlawful. If you have received this by mistake, confidentiality and any legal privilege are not waived or lost and we ask that you contact the author and delete and destroy this and any other copies.<\/p>\n

Argonaut Limited (\u201cArgonaut\u201d) is the parent company for the Argonaut Group of Companies, which amongst others include Argonaut Corporate Finance Limited (AFSL No. 221476, ACN 099 761 547), Argonaut Securities Pty Limited (AFSL No. 274099, ACN 108 330 650) and Argonaut Funds Management Pty Ltd (AFSL No. 224815, ACN 101 152 863) (\u201cArgonaut Group\u201d). No member of the Argonaut Group will be liable in connection with any data corruption, interruption, delay, computer virus or unauthorised access or amendment to the contents of this email. Any views expressed in this message are those of the individual sender and may not necessarily reflect those of the Argonaut Group.<\/p>\n

Unless otherwise stated, this email contains factual information only and\/or general advice and does not constitute personal financial product advice. The content of this email does not take into account your personal objectives, financial situation or needs and you must determine whether it is appropriate for your situation. We recommend you obtain appropriate independent advice, including financial, legal and taxation advice before making any investment decision. Past investment or trading performance is not a reliable indicator of future performance.<\/p>\n

Argonaut advises that members of the Argonaut Group and persons associated with members of the Argonaut Group may earn brokerage, fees or other benefits or advantages as a result of a transaction arising from any recommendation mentioned in this email, and may have an interest in any related securities.<\/p>\n

Privacy and Copyright<\/b><\/p>\n

In relation to any legal use you may make of the contents of this email, you must ensure that you comply with the Privacy Act (Cth) 1988 and you should note that the contents may be subject to copyright and therefore may not be reproduced, communicated or adapted without the express consent of the owner of the copyright.<\/p>\n<\/div>\n

Argonaut Website Disclaimer and Disclosure<\/h3>\n
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Argonaut Limited (\u201cArgonaut\u201d) is the parent company for the Argonaut Group of Companies, which amongst others include Argonaut Corporate Finance Limited (AFSL No. 221476, ACN 099 761 547), Argonaut Securities Pty Limited (AFSL No. 274099, ACN 108 330 650) and Argonaut Funds Management Pty Ltd (AFSL No. 224815, ACN 101 152 863) (\u201cArgonaut Group\u201d).<\/span><\/p>\n

Argonaut Securities Pty Limited is a Market Participant of the Australian Securities Exchange (\u201cASX\u201d). Argonaut directors, officers, representatives and agents believe the information contained in this website is correct and that any estimates, opinions or recommendations in this website are reasonably held at the time of compilation, but may change without notice. No guarantee or warranty is given, or representation made, as to accuracy or completeness.<\/p>\n

Past investment or trading performance is not a reliable indicator of future performance. To the extent permitted by law,\u00a0Argonaut disclaims all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything in or omitted from this website.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Argonaut receives brokerage or other benefits from dealing in financial products and its representatives or introducers of business may directly share in the brokerage or benefits. Argonaut, its representatives and their respective associates may have positions in the financial products mentioned, which may change at any time. Advice included in this website is general advice only and is based solely on consideration of the investment or trading merits of the securities alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person.<\/p>\n

The recipient should consider carefully the appropriateness of the advice in light of his or her financial circumstances and speak to his or her advisor before making an investment or trading decision.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Copyright<\/h3>\n
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\u00a9 2025. All rights reserved. No part of this document may be reproduced or distributed in any manner without the written permission of Argonaut Securities Pty Limited. Argonaut Securities Pty Limited specifically prohibits the re-distribution of this document, via the internet or otherwise, and accepts no liability whatsoever for the actions of third parties in this respect.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n


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