Price Disclaimer

Investing in gold involves risk. Therefore, before making an investment decision, investors should carefully review and consider the information in this risk disclosure document. This risk disclosure document outlines significant risks that could materially impact your investment. However, this risk disclosure document does not disclose all risks related to gold investment, but highlights key factors and significant risks involved. Thus, there may be other factors or risks currently unknown or deemed immaterial at present that could become significant in the future.

This risk disclosure document is not intended to provide business, legal, tax, or accounting advice. Investors should consult their respective advisors regarding gold investments. Therefore, investors should not invest in gold unless they fully understand the associated risks and have determined that such an investment is suitable for them.

• 1

  General Investment Risks

  Investors in gold face gold price risk. Unforeseen events, including government actions, economic and political conditions both domestically and internationally, as well as force majeure events and uncontrollable circumstances such as war, riots, civil unrest, or terrorism, may cause severe volatility in the market and gold prices.

• 2

  Risks Related to Market Conditions and Price Volatility

  Gold investment involves the risk of rapid and severe price increases or decreases depending on global market conditions. Clients must conduct their own research, and buy or sell decisions must be made using their own judgment.

• 3

  Risks Specific to the Investor

  Since investments and/or other related transactions in gold involve payments in foreign currencies, investment returns and/or related activities may be materially affected by exchange rate risks. Investors may face risk if foreign currency values fluctuate relative to the Thai Baht, which may occur over a specific period or permanently. Additionally, if devaluation occurs in any foreign currency invested, investors may incur losses from such devaluation.

• 4

  Risks Related to Market Conditions and Price Volatility

  คGold investment involves the risk of rapid and severe price increases or decreases depending on global market conditions. Clients must conduct their own research, and buy or sell decisions must be made using their own judgment.

  I, as an investor, hereby confirm that I have thoroughly read and understood this risk disclosure document, and confirm that I am able and ready to accept all the risks mentioned above.