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DISCLAIMER

This report is for informational purposes only and does not constitute an offer for any securities. This is not an invitation or an offer to invest, or to purchase any investment products through Perfect World Asset Management Limited. Any such content must be kept confidential only through an approved non-public offering. All the relevant information in the report, such as the indicative terms, are not perfect, but are only for the purpose of discussion. Investment funds are speculative and involve high risks. Prospective investors must be familiar with the issuance memorandum of the relevant investment and must reach a certain level of relevance in order to make such an investment. Eligible persons who meet the investment risk and merits will be provided with an offer memorandum and a subscription agreement for the investment fund. However, Perfect World Asset Management Limited cannot guarantee the accuracy of the sources of knowledge, and some of them are more likely to be incomplete or just to be explained. Investors should note that all investments involve risks (including the possibility of loss of investment principal). The unit price of the fund may go up as well as down. The past performance information presented does not mean that there will be similar performance in the future. Investors should read the relevant sales documents of the fund (including the risk factors contained therein) before making any investment decisions. Perfect World Asset Management Limited cannot guarantee that the Fund will meet the investor's investment objectives or avoid losses. Furthermore, Perfect World Asset Management Limited does not guarantee that the Fund will realize the investor's investment strategy or all or part of it will be paid for his/her/its investment return. Any person or Perfect World Asset Management Limited shall bear the responsibility for the losses caused by the contents of this report. In this report, the benchmark index that the fund intends to hold may be a tool that may remain roughly the same. The opinions and estimates are hypothetical statements and may prove to be invalid. Subject to change without notice. In this report, the past performance of the fund is not a future indicator, and it does not guarantee future return on investment. The terms of the offering are all investment fund conditions, including investment plans, fees, tax consequences, risk factors, conflicts of interest and liquidity. The release memorandum should control any contradictions or inconsistencies in any report.