Risk Disclosure Statement

The risk of loss in gold bullion/silver trading can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingency orders, such as “stop-loss” or “stop limit” orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives. (Please refer to “Customer Agreement”).

GOLD BULLION/SILVER TRADING RISK: GOLD BULLION/SILVER TRADING IS NOT REGULATED BY THE SECURITIES AND FUTURES COMMISSION (THE “SFC”). THEREFORE, TRADING GOLD BULLION/SILVER WILL NOT BE SUBJECT TO RULES OR REGULATIONS PROMULGATED BY THE SFC WHICH INCLUDES BUT IS NOT LIMITED TO CLIENT MONEY RULES. GOLD BULLION/SILVER TRANSACTIONS ARE NOT SUBJECT TO 3-TIER MARGIN EXECUTION. IN THE EVENT THAT YOUR GOLD BULLION/SILVER TRADING ACCOUNT FALLS BELOW THE MARGIN REQUIREMENT, CHEUNG’S TRADING PLATFORM WILL TRIGGER AN ORDER TO CLOSE ALL GOLD BULLION/SILVER OPEN POSITIONS. NO NOTICES OR WARNINGS WILL BE PROVIDED BY AC.