This promotional communication is for advertising and information purposes only. It does not constitute a public offer. The information provided does not constitute an investment recommendation or an invitation to buy or sell securities and cannot replace professional investment advice. Any investment in financial instruments, and in particular shares, is associated with risks that may lead to a total loss of the capital invested. This promotional communication is not adapted to personal circumstances and needs. Any decision to subscribe, buy or sell a particular security should be made on the basis of adequate, unbiased information (e.g., investor information or prospectus9 and, if necessary, with the assistance of a professional investment advisor. CM-Equity does not provide such investment advice.

CM-Equity could not verify the assumptions underlying the information and forecasts provided, as these are not known. In particular, CM-Equity does not guarantee that the stated revenues, earnings or other projections will occur or that the stated objectives will be achieved. Insofar as the information contains forward-looking statements, in particular with regard to the price development of markets or securities, these are considered forecasts whose occurrence is not known. The performance numbers represent the realized returns in the past. A past performance is not a reliable indicator for future.

The Institute may receive a commission in connection with investment brokerage. Commissions and other benefits are disclosed to investors. CM-Equity may receive a consulting fee from companies. CM-Equity and its related persons or entities may hold shares of publicly traded companies or buy and sell positions on a day-to-day basis, creating a potential conflict of interest. CM-Equity has taken certain precautions to reduce such conflict. In this regard, a detailed operating procedure for such transactions has been issued. Nevertheless, a conflict between personal interests and the interests of the investors cannot be excluded.

CM-Equity does not assume any liability for the correctness and completeness of external links or statements of third parties. Liability claims against CM-Equity regarding material or immaterial losses caused by the use or non-use of any information provided, including any kind of information which is incomplete or incorrect, will therefore be rejected unless caused by intent or gross negligence on the part of CM-Equity. We reserve the right to make changes.