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This document is a Corporate Communication and is intended for Professional Investors only. 

This document is a Corporate Communication for Professional Investors only and is not a marketing communication related to a fund, an investment product or investment services in your country. This document is not intended to provide investment, tax, accounting, professional or legal advice.

This document is approved at the date of the publishing. The Company is clustered within the Eunhyuk Capital Co. Ltd Investment Management Division of Eunhyuk Capital Co. Ltd Group which support in the preparation of this document and Eunhyuk Capital Co. Ltd is a trade name.

Any opinions or forecasts provided are as of the date specified, may change without notice, do not predict future results and do not constitute a recommendation or offer of any investment product or investment services.

This document is the property of Eunhyuk Capital Co. Ltd, is provided for information purposes only and is addressed for the recipient exclusively for its personal use. It may not be reproduced (in whole or in part), transmitted, modified, or used for any other purpose without the prior written permission of Eunhyuk Capital Co. Ltd . It is not intended for distribution, publication, or used for any other purpose without the prior written permission of Eunhyuk Capital Co. Ltd . 

The contents of this document are intended for persons who are professionals and who have been vetted by Eunhyuk Capital Co. Ltd and assessed as suitable to the investment matters set out in this document and in respect of whom Eunhyuk Capital Co. Ltd has received an assurance that they are capable of making their own investment decisions and understanding the risks involved in making investments of the type included in this document or other persons that Eunhyuk Capital Co. Ltd has expressly confirmed as being appropriate recipients of this document. If you are not a person falling within the above categories, you are kindly asked to either return this document to Eunhyuk Capital Co. Ltd or to destroy it and are expressly warned that you must not rely upon its contents or have regard to any of the matters set out in this document in relation to investment matters and must not transmit this document to any other person. This document contains the opinions of Eunhyuk Capital Co. Ltd, as at the date of issue or completeness of the information contained in this document, nor does it accept any liability for any loss or damage resulting from its use. All information and opinions as well as the prices indicated may change without notice.

The contents of this document has not been reviewed by any regulatory authority in any jurisdictions and does not constitute an offer or a recommendation to subscribe for any securities or other financial instruments or products.   

It contains opinions of Eunhyuk Capital Co. Ltd, as at the date of issue. These opinions and information contained herein in this document does not take into account all the specific circumstances of the addressee. Therefore, no representation is made that the information presented in this document are suitable or appropriate to the individual circumstances of any investors. Tax treatment depends on the individual circumstance of the investor and may be subject to change in the future. Eunhyuk Capital Co. Ltd does not provide tax advice. 

The information and analysis contained herein are based on sources believed to be reliable. While Eunhyuk Capital Co. Ltd uses its best efforts to ensure that the content is created in good faith and with greatest care, it  does not guarantee the timeliness, accuracy, validity, reliability or completeness of the information contained in this document, neither does it warrant that the information is free from errors and omission not does it accept any liability for any loss or damage resulting from its use. All information and opinions as well as the prices indicated may change without notice. Particular contents of third parties are marked as such. Eunhyuk Capital Co. Ltd assumes no liability for any indirect, incidental or consequential damages that are caused by or in connection with the use of such content. 

The Source of the data has been mentioned wherever it was available. Unless otherwise stated, the data is prepared by Eunhyuk Capital Co. Ltd .