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This document is for our company, Potential Excelerate Group LTD (“PE”) clients only. It is not research material and it has not prepared in comply with legal requirement. This document is merely based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on such particularly those Global Research function.

This document is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This document is for general evaluation only. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations or needs of individual client. Clients should consider whether any advice or recommendation in this document is suitable for their particular circumstances.

Different types of investments involve varying degrees of risk, there can be no assurance that future performance of any specific investment or investment strategy will be profitable or equal any historical performance level. PE is neither a law firm nor accounting firm, and no portion of the documents should be interpreted as legal, accounting or tax advice.

Ranking and/or recognition by unaffiliated rating services and/or publication should not be construed by a client or prospective client as a guarantee that he/she will experience certain level of results if PE is engaged, continues to be engaged, to provide investment advisory services.

PE does not make any representations or warranties as to the accuracy, timeless, suitability, completeness or relevance of any information contained or referred to in this documents and takes no responsibilities therefore. All such information is provided solely for convenience purposes only and every individual client thereof should be guided accordingly. PE accepts no liability and will not be liable for any loss or damage arising directly or indirectly from the use of the document, howsoever arising, and including any loss damage or expenses arising from, but not limited to, any defect, error, imperfection, fault, mistake or inaccuracy with this document, its contents or associated services, or due to any unavailability of the document or any party thereof or any contents.

Copyright: Potential Excelerate Group LTD 2019. Copyright in all materials, text, articles and information contained herein is the property of, and may only be reproduced with permission of an authorised signatory of, Potential Excelerate Group LTD. Copyright in materials created by third parties and the rights under copyright of such parties are hereby acknowledged. Copyright in all other materials not belonging to third parties and copyright in these materials as a compilation vests and shall remain at all times copyright of Potential Excelerate Group LTD and should not be reproduced or used except for business purposes on behalf of Potential Excelerate Group LTD or save with the express prior written consent of an authorised signatory of Potential Excelerate Group LTD. All rights reserved. © Potential Excelerate Group LTD 2019.

THIS IS NOT A RESEARCH REPORT AND HAS NOT BEEN PRODUCED BY A RESEARCH UNIT.