Important Disclaimer for Participants in Goldman Sachs’ Consulting Services Program

Any information or written material provided to you by Goldman Sachs International, Goldman Sachs & Co. LLC, Goldman Sachs (Asia) L.L.C., Goldman Sachs (Asia) Finance or any of their affiliates (together, “Goldman Sachs”) including, but not limited to, information or written material concerning third-party vendors or service providers should not be construed as advice or in any way an endorsement or recommendation given by Goldman Sachs.

Opinions expressed are current opinions only as of the date indicated. Goldman Sachs does not accept any responsibility to update any opinions or other information contained in this material.

This material should not form the primary basis for any decision that you make in relation to matters referred to herein. Goldman Sachs has not taken any steps to verify the adequacy, accuracy or completeness of this material. Review carefully the material and perform such due diligence as you deem fit, including consulting your own independent legal, tax, accountancy and other professional or specialist advisors, as necessary or appropriate.

Neither Goldman Sachs, nor any of its officers, directors, agents or employees, makes any warranty, express or implied, of any kind whatsoever, or assumes any responsibility for any losses, damages, costs or expenses, of any kind or description, relating to the adequacy, accuracy or completeness of this material or its use including, but not limited to, information provided by third parties, except for liabilities which cannot legally be disclaimed. You should not construe silence by Goldman Sachs, or any of its officers, directors, agents or employees as approval or endorsement of any statements made by a third party.

Any employment agency service which may be provided to you is provided solely by Goldman Sachs (Asia) Finance.

This material is not the product of the Investment Research Department. It is for your general information only and we are not soliciting any action based upon it.

Any views expressed in this communication are those of the individual sender except where the sender specifically states them to be the views of Goldman Sachs.

In the event that Goldman Sachs has provided you with assistance or may in the future provide you with assistance, please note that Goldman Sachs has or may develop business relationships with hedge funds, hedge fund managers or other firms and third-party vendors or service providers including as prime broker, custodian, broker, dealer, clearing agent, administrator or consultant and Goldman Sachs may earn fees, commissions and other revenues in such capacity. Such relationships with hedge funds, hedge fund managers or other firms and third-party vendors or service providers may conflict with any relationship Goldman Sachs has or may develop with you. Through such relationships Goldman Sachs may possess specific information about such hedge funds, hedge fund managers or other firms and third-party vendors or service providers. Even if it has such information, Goldman Sachs has no responsibility to, and will not, disclose that specific information - whether negative or positive - to you.

Goldman Sachs has or may develop a business or client relationship with you, which may have an investment advisory or discretionary aspect to it (“Advisory Relationship”). Any information or material accompanying this disclaimer is not being, and shall not be deemed under any circumstances to be, provided to you as part of such Advisory Relationship.

Goldman Sachs International is authorised and regulated by the Financial Services Authority. Goldman Sachs (Asia) L.L.C. is a corporation licensed by the Securities and Futures Commission. Goldman Sachs (Asia) Finance is not licensed by the Securities and Futures Commission or any other financial market regulator. Goldman Sachs (Asia) Finance is licensed by the Hong Kong Labour Department, Employment Agency Licence Number: 69271. The following terms and conditions will apply to prospective clients of Goldman Sachs who wish to utilize talent introduction services in Hong Kong: https://www.goldmansachs.com/disclaimer/gsaf/prospective-clients-service-agreement.pdf