Disclaimer
Documents issued by Hang Seng Investment Services Limited ("HSIS documents")
are re-transmitted by Hang Seng Bank Limited (the "Bank") in
the ordinary course of business to you for information and reference purposes
only. The Bank, its officers, employees and agents did not devise, select,
add to, modify or otherwise exercise control over the contents of the HSIS
documents, do not take responsibility for them nor do they endorse the accuracy
of the HSIS documents. Your attention is drawn to the disclaimer in the
HSIS
documents. The retransmission and the HSIS documents should not be considered
as an offer or solicitation to deal in any of the investments mentioned
therein.
Re-distribution of any part of the HSIS documents by any means is strictly
prohibited. In particular, neither the HSIS documents nor any copy hereof
may be taken or transmitted into Japan, Canada or the United States or distributed,
directly or indirectly, into the United States or to any U.S. person (within
the meaning of Regulation S under the U.S. Securities Act of 1933). The information
contained in the HSIS documents may be indicative only and has not been
independently
verified and no guarantee, representation, warranty or undertaking, express
or implied is made as to the fairness, accuracy, completeness or correctness
of any information, projections or opinions contained in the HSIS documents
or the basis upon which any such projections or opinions have been based
and
no responsibility or liability is accepted in relation to the use of or reliance
on any information, projections or opinions whatsoever contained in the
HSIS
documents. Investors must make their own assessment of the relevance, accuracy
and adequacy of the information and opinions contained in the HSIS documents
and make such independent investigations as they may consider necessary or
appropriate for the purpose of such assessment. All such information, projections
and opinions are subject to change without notice. The HSIS documents are
not intended to provide professional advice and should not be relied upon
in that regard. The Bank and its affiliates may trade for their own account
in, may have underwritten, or may have a position in, all or any of the securities
or investments mentioned in the HSIS documents. Brokerage or fees may
be earned
by the Bank and its affiliates in respect of any business transacted by them
in all or any of the securities or investments referred to in the HSIS
documents.
The investments mentioned, discussed or recommended (as the case may be)
in the HSIS documents may not be suitable for all investors. Investors
must make
investment decisions based on their own investment objectives, financial
position and particular needs and consult their own independent investment
advisers
where necessary. Investment involves risk. Investors should note that value
of investments can go down as well as up and past performance is not necessarily
indicative of future performance. Foreign securities carry additional risks
not generally associated with securities in the domestic market, including
but not limited to adverse changes in currency rate, foreign laws and regulations. |