Important Disclosures

Analyst Certification

Analysts responsible for preparing research reports for this website or the readers and clients of Yaru Investments Pte. Ltd. (hereinafter “Yaru Investments” or the “Company”) certify: (1) the views and opinions expressed in these reports reflect their personal views regarding the subject companies or issuers; and (2) no part of the analyst’s compensation is, was, or will be directly related to the specific recommendations or views provided in the reports.

Independence of Research

Each analyst at Yaru Investments certifies that all views expressed in our reports are personal and unbiased, and no part of the compensation they receive is directly or indirectly linked to specific recommendations or views. Yaru Investments is an independent equity research provider, not a member of FINRA or SIPC, registered broker-dealer, or investment advisor. Yaru Investments has no additional regulated or unregulated business activities that could present a conflict of interest with our provision of independent research.

Limitations of Research and Information

Research reports provided by Yaru Investments are intended solely for qualified institutional or professional clients. The content reflects the views, opinions, and analyses of its authors and is provided for informational purposes only. Reports do not constitute financial, legal, tax, or other professional advice. Third-party data used is sourced from publicly available resources deemed reliable; however, Yaru Investments does not guarantee the accuracy or completeness of such information and is not liable for its correctness or any damages arising from its use.

Nothing in Yaru Investments’ reports or any distribution by the Company should be construed as an offer to sell or a solicitation to buy any security or investment. Research materials are not personalized investment advice, and investment decisions should be made as part of a broader portfolio strategy. Always consult a professional financial, legal, or tax advisor prior to making any investment decision. Yaru Investments shall not be liable for any direct, indirect, incidental, or consequential loss or damage, including loss of profits, resulting from any investment decisions based on information or research provided by the Company.

Prohibition on Reproduction and Distribution

Reproduction, modification, copying, distribution, resale, transfer, licensing, assignment, or publication of any research reports or content by users is strictly prohibited, except for reasonable quotes, limited portions, and references. Clients with access to working models may alter or modify the content for their use only. Yaru Investments’ reports or publications are not intended for distribution or use in jurisdictions where doing so would be unlawful or would subject the Company to additional regulatory requirements.

Copyrights, Trademarks, and Intellectual Property

Yaru Investments and any logos or marks in our reports or website content are proprietary. Use of these logos, marks, or any content without express written consent from Yaru Investments is strictly prohibited. Unless otherwise indicated, the copyright in research reports, screens, and pages is owned by Yaru Investments. Unauthorized use may infringe on copyright, trademark, trade secret, or patent laws.

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