1、 Self assessment of investors' risk tolerance

Risk tips: intellectual property trading is an innovative trading mode. Investors are likely to make profits and also have the risk of loss when trading. Please make a prudent investment decision according to your own risk tolerance.

Dear investors
In order to facilitate you to understand your own risk tolerance and select appropriate investment products and services, please fill in the following risk tolerance assessment questionnaire. The following questions can help to assess your risk tolerance of investment products and services. Please choose carefully according to your own situation. The evaluation results are for reference only and do not constitute investment suggestions. In order to keep abreast of your risk tolerance, we recommend that you continue to do a dynamic assessment. We will keep all your personal data confidential.

Important note:
1. Please read the questionnaire carefully and confirm that the content is true.

2. The Hong Kong Intellectual Property Exchange will check and prompt whether the investment behavior of investors is matched according to the risk tolerance level of investors. The results of this survey do not constitute investment suggestions for investors or have a substantial impact on investors' investment decisions.

3. There are risks in investment, which may lead to losses for investors. Investors are requested to check their risk tolerance and investment matching according to the survey results. Whether investors invest according to the survey results or not, it is an independent behavior of investors and the corresponding risks are borne by investors independently.

1. What is your age
A. Under 30 years old;  B. 31-40 years old;  C. 41-50 years old;  D. 51-60 years old;  E. over 60 years old.

2. The average annual income of your family in recent three years:
A. They were less than 30000,  B.3-100000,  C.10-500000,  D.50-100 years old, and above  E.1 million.

3. The proportion of the funds expected to invest in intellectual property transactions in the total assets of your family (excluding fixed assets such as self occupied and self used real estate and automobiles) is as follows:
A. More than 70%;  B. 50% - 70%;  C. 30% - 50%;  D. 10% - 30%;  E. below 10%.

4. Which of the following is your current personal and family financial situation
A. There is a large amount of unexpired liabilities;
B. Income and expenditure are offset;
C. Have a certain amount of savings;
D. Have relatively rich savings and certain investment;
E. They are relatively rich and have considerable investment.

5. After making a major investment, you usually feel that:
A. I am very happy and confident in my decision;
B. Relaxed, basically optimistic;
C. It has little effect;
D. They are more worried about the investment results;
E. Very worried about the outcome of the investment.

6.Which investment mode do you prefer
A. The profit is only 5%, but there is no loss;
B. Gain 15%, but may lose 5%;
C. The profit is 30%, but the loss may be 15%;
D. Earnings 50%, but may lose 30%;
E. The profit is 100%, but the loss may be 60%.

7. Suppose there are two different kinds of investment: Investment A is expected to get 5% return and may bear very small loss; investment B is expected to get 20% return, but may face 25% or even higher loss. You allocate your investment assets as:
A. All investment in a;
B. Most of them invest in a;
C. Half of the two investments;
D. Most of them invest in B;
E. All investment in B.

8. If you used 25 yuan to buy a product, the product now rises to 30 yuan. According to the prediction, half of the product will rise to 35 yuan in the near future, and the other half will fall to 25 yuan
A. Sell immediately;
B. Partial sales;
C. Continue to hold;
D. Keep buying.

9. In the case mentioned above, the product has now dropped to $20, and you estimate that half of the product will rise back to $25 in the near future, and the other half will continue to fall to $15
A. Sell immediately;
B. Partial sales;
C. Continue to hold;
D. Keep buying.

10. When you invest, your primary goals are:
A. I'm not willing to take any investment risk for asset maintenance;
B. Ensure the safety of the principal as far as possible, regardless of the low rate of return;
C. It can generate more income and bear certain investment risk;
D. To achieve a substantial increase in assets, willing to take a lot of investment risk.

11. Your investment experience can be summarized as follows:
A. Inexperienced: just keep your money in the bank
B. Limited: purchase of financial products with low risk;
C. General: I have purchased insurance financial products, but need further guidance
D. Rich: I have participated in the trading of stocks, funds and other products, with rich investment experience;
E. Very rich: I have participated in the trading of high-risk products such as warrants, futures or gem, with rich experience.

12. The maximum investment loss you think you can bear in general is:
A. Under 10%;  B. 10% - 30%;  C. 30% - 50%;  D. above 50%.

13. Do you know about intellectual property transactions
A. He has never participated in intellectual property transactions and has no knowledge of investment knowledge;
B. Have studied the knowledge of intellectual property transaction, but have no practical operation experience, do not understand investment skills;
C. Know the investment knowledge of intellectual property transaction, have practical operation experience, and know some investment skills;
D. Having participated in intellectual property transactions for many years, he has rich investment knowledge and a certain professional level.

14. The period during which most of your investment in intellectual property products will not be used for other purposes is as follows:
A. Short term - 0-1 year;  B. medium - 1- 3 years;  C. medium - and long-term - 3-5 years;  D. long-term - more than 5 years

Assessment opinion: your risk tolerance rating is:       type

Investor's signature: according to the principle of honesty and trustworthiness, I filled in this questionnaire truthfully. I have known my risk tolerance assessment results, and will carefully read the relevant risk disclosure book and trading rules before making investment decisions, and voluntarily undertake the risks brought about by intellectual property transactions.

Confirmation model of risk tolerance assessment results
1. The evaluation score is calculated according to the response of investors
Question scoring table:

2. Customer risk tolerance assessment

Transaction knowledge risk control

（1） Risk category
1、 Macroeconomic risk: due to changes in China's macroeconomic situation and intellectual property market, there may be situations that may affect the price fluctuation of intellectual property products; changes in the international macroeconomic situation will also have an impact on the intellectual property trading market, resulting in fluctuations in the transaction price of intellectual property products.

2、 Technical risk: as the transaction, information display and fund transfer are realized through Internet transmission and electronic communication technology and computer technology, these technologies may be attacked by network hackers and computer viruses, or there may be defects in communication technology, computer technology and related software, and Internet transmission failure may also cause you These risks can lead to your transaction declaration unable to be completed or all transactions can not be completed, or the transfer funds can not arrive in time, the transaction is delayed, suspended or even unable to complete the transaction.

3、 Force majeure risk: such as earthquake, typhoon, fire, flood, war, plague, social unrest and other force majeure factors may lead to the paralysis of intellectual property products trading system; uncontrollable and unpredictable system failure, equipment failure, communication failure, power failure, etc. of the exchange may also cause abnormal operation or even paralysis of the trading system of intellectual property products The uncontrollable and unpredictable system failure, equipment failure, communication failure, power failure, etc. of the bank may also lead to the abnormal operation or even paralysis of the fund transfer system. These risks may lead to the failure of your transaction declaration to be completed or all transactions can not be completed, or the transfer funds can not be delivered to the account in time.

4、 Risk of account and password disclosure: due to the password leakage, account leakage or the identity of the investor caused by virus intrusion and hacker attack by investor members using the computer, it may lead to failure in correctly issuing declaration instructions, malicious false declaration or declaration failure, delay, error, etc.

5、 Software and hardware system risk of investor members: the computer equipment and software system of the investor do not match the online trading system provided by the investor, resulting in failure or delay of declaration, etc.

6、 Other risks: loss of password, improper operation, wrong investment decision and other reasons may lead to losses of investor members; losses caused by failure to exit in time after online declaration and hot key operation and malicious operation by others; failure to exit online transaction in time may lead to hacker attacks, resulting in losses.

（2） Investment mistakes
In recent years, the intellectual property products trading and investment market presents a blowout development. However, there are risks in investment, investors will have psychological errors in the actual operation process, which may lead to operational errors and serious losses of account funds. It is very important to understand and overcome the pathological psychological errors in investment. The following is an analysis of several common psychological misunderstandings, hoping to be helpful for investment.

1. Follow suit blindly
The trading of intellectual property products is affected by many complex factors, among which the following psychology of investors has a great influence on the market. Investors with this kind of psychology also rush to buy or sell when others are afraid of falling. This is what we call "chasing up and killing down". Under the influence of following the trend psychology, once some unexpected event occurs, the price of electronic disk of intellectual property products will be out of balance under the operation of group following the trend, which will lead to drastic price fluctuation. In this way, it will be taken by those people with bad intentions and will be swallowed up by these people and regret later.

Solution: investors should set up their own independent trading consciousness, not follow the will of others.

2. Indecisive
Investors with this kind of investment psychology have made plans and considered investment strategies before trading. However, affected by other people's "herd mentality", when they enter the market, they can't implement their own investment plans once there is a disturbance.

Solution: don't envy others' luck, believe in analysis, believe in your own judgment and act decisively.

3. There is no end to desire
We should do everything in our favor. Such greedy speculators are not uncommon in the investment market. They don't want to control, and they can't control their own greed. Therefore, there are the following maxims to learn: short, long can make money, only greed can not. So don't be greedy.

Solution: it is natural for investors to get investment income, but not too greedy. Sometimes, the failure of investors is caused by excessive greed.

4. Trading market as a casino
Market investors with gambling psychology always hope to make a fortune. They hope to seize an opportunity to make profits. Once they make a profit in the market transaction, they will be confused by the victory and increase the order frequently. They are eager to put all their lives in the trading market. When they lose in the market transaction, they often put all their capital into the market and lose their due investment rationality.

Solution: the trading market is not a gambling house. Don't be impulsive. You should analyze the risk and establish a reasonable investment plan.

5. Unnecessary panic
Some investors, affected by certain environmental factors and hearsay, lose confidence in the future of their products and panic, so they sell their positions. Many experiences show that unnecessary panic is often a false alarm.

Solution: as an investor, keep calm in the face of adverse news and carefully analyze the reliability of the news. If it is proved to be true, we should carefully analyze whether the impact of such news is permanent, temporary, controllable or uncontrollable. Don't panic blindly.

6. Indifference
After some investors buy products, they ignore it and let it go. Sometimes they even entrust their relatives and friends or agents to manipulate, and they rarely intervene. This practice is not desirable, do not care about their own positions, easy to miss the market, so that their own economic losses.

Solution: we should always pay attention to the market dynamics and account changes. We should not trust the clients too much, but believe in ourselves and have our own judgment.

Statement:
The information released by the exchange is for reference only. It is not recommended for operation. Please make your own decision on trading.

（3） Transaction security measures

The trading system of the Hong Kong Intellectual Property Exchange is a powerful and easy-to-use trading tool. It can provide timely and accurate market information for users. Investors can complete all kinds of transaction operations anytime and anywhere by remote way in the case of network environment, and query transaction records and reconciliation statements at any time. At the same time, they should pay attention to their own transaction status, and timely view and understand all kinds of business notices and announcements. In addition, the electronic system also provides the bank docking function, so that customers can conveniently carry out fund inquiry and transfer operation, grasp the transaction opportunities and control the transaction risks through fund allocation.