The information contained on this website is for information purposes only and is highly confidential. The information contained in this website has been compiled from sources, including publicly available sources and private databases, which is believed to be accurate. However, no attempt has been made to verify its accuracy. Neither the Manager, any fund the Manager manages (the "Funds"), nor any of their respective directors, officers or employees accept any responsibility whatsoever for the accuracy or completeness of such information and therefore no reliance should be placed on such information. In addition, the Manager, the Funds and their respective directors, officers, advisors and employees expressly disclaim and will not accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this website or its contents or otherwise arising in connection therewith. The information contained in this website may not be copied, whether in whole or in part, or transmitted or distributed to third parties without the prior written consent of the Manager. Access to the information contained on this website may be restricted by law, and persons who access or attempt to access it should inform themselves about, and observe, any such restrictions. Investment returns and the value of an investment will fluctuate so that the value of an investment may be less than its original cost. There is no guarantee that in any time period, particularly in the short term, an investment will appreciate. Investors may lose all of their investment. Any reference to historical performance herein, does not guarantee future results.

Regulatory Information
The information contained on this website does not constitute a prospectus, an offer or an invitation to subscribe for any securities, or a recommendation in relation to any securities. In particular, the information does not constitute or form part of any offer of the shares of any fund managed by Novel Asset Management Limited ("Shares") or an invitation to apply for any Shares. The subscription for any Shares may only be made by the Fund and its directors on the basis of the relevant Fund's offering memorandum (an "Offering Memorandum"). It is your responsibility to inform yourself of and observe any relevant restrictions your jurisdiction of residence. Shares are offered outside of the United States in reliance upon Regulation S under the US Securities Act of 1933, as amended (the "Securities Act"). In addition, Shares have not been and will not be registered under the Securities Act or any other applicable law of the United States or any other jurisdiction. In respect of any particular Fund, Shares may not be offered or sold within the United States, except to a limited number of persons who are "accredited investors" as defined in Regulation D under the Securities Act. No Fund is authorized by the Securities and Futures Commission in Hong Kong and no Shares may be offered or sold to investors in Hong Kong other than to persons whose ordinary business it is to buy or sell shares or debentures, whether as principal or agent, or in other circumstances which do not constitute an offer to the public for the purposes of the Hong Kong Companies Ordinance or the Hong Kong Securities and Futures Ordinance. Nothing on this website should be construed as an offer or an invitation to apply for any Shares in any jurisdiction where such offer or invitation is unlawful, where the person making such offer is not qualified to do so, or to whom it is unlawful to make such offer or solicitation. Persons viewing this website should not construe its contents as investment, legal or tax advice. Persons considering an investment in any Fund are encouraged to consult their professional advisors for their own legal, tax, business, financial and other advice.