Information and analytical services and materials are provided by WTPO as part of the specified services and are not independent activities. The Company reserves the right to refuse service to persons not meeting the criteria for clients or those subject to bans/restrictions on such services in accordance with European Union laws. Restrictions may also be imposed by the internal procedures and Additional information is available upon request. Investing in securities and other financial instruments always involves the risk of capital loss. The client must personally acknowledge this, including by reading the Risk Disclosure Notice. Opinions and estimates represent our judgments as of the date hereof and are subject to change without notice. Fees, charges, and other expenses may reduce the financial performance of your investment. Past returns do not guarantee future returns. This material is not intended to be an offer or solicitation to buy or sell any financial instrument. The opinions and recommendations provided herein do not consider any individual circumstances, goals, or needs of the client and do not constitute an investment advisory service. Recipients of this report must make their own independent decisions in relation to any securities or financial instruments referred to herein. Information and analytical services and materials are provided by WTPO as part of the specified services and are not independent activities. WTPO is not affiliated with, endorsed by, or sponsored by any of its subsidiaries or affiliates.