dal Services Authorieti IPMCB Bahrain branch licensed as a conventional wholesale bank bytheCentral Bank of Bahrain (for professional clients only): JPMCB Hong Kong brandy, regulated by the Hong Keng Monetary Authority and IPMCEI Singapore branchh regulated by the Monetary Authority of Singapore. This material

Services Authority: JPMCB Bahrain branch, licensed as a conventional wholesale bank by the Central Bank of Bahrain (for professional clients only); JPMCB Hong Kong branch, regulated by the Hong Kong Monetary Authority and JPMCB Singapore branch, regulated by the Monetary Authority of Singapore. This material

ivate funds such as private equity and hedge funds) in which cas= it is distributed by J.P. Morgan Securities (Asia Pacific) Limited (J=MSAPL). Both JPMCB Hong Kong branch and JPMSAPL are regulated by t=e Hong Kong Monetary Authority. =/span> In Singapore, this material is distributed by JPMCB Singapore branc=