The purpose of this risk disclosure is to inform users in advance of the general risks of trading activities in Peppaex. Users must understand the risks that are easily generated in trading activities. Before submitting an account application to Peppaex and starting trading, users should carefully read the risk disclosures listed in this document. Please note that the risk disclosure in this document is for reference only and does not cover all transaction risks. Therefore, the customer needs to ensure that the transaction is made with the knowledge of the potential risks. Please read the following risk list carefully, and carefully read our privacy policy, risk warnings and terms of use. Risk warning: Digital currency is a financial product of the transaction, and there is a risk of losing all of its original assets. Entering digital currency transactions has high risks, with gains and losses. Therefore, digital currency may not be suitable for all investors. Investors should make reasonable investments within the scope of tolerable losses. Before trading, users need to ensure that they understand the potential risks and combine their own investment goals and experience to make a rational investment.

1. Digital currency trading risks

The value of the financial instruments provided by the company comes from relevant assets and market conditions. Therefore, you must understand the risks associated with related assets/market transactions, because changes in assets and market performance will affect your profitability. The digital currency transactions provided by the company are speculative and risky, and there is a risk of total loss of the original. The products provided by the company are high-risk digital currencies and are not suitable for all people. They are only suitable for the following investors:

• Users who are willing to bear the economic, legal and other potential risks involved;

•Users should understand the risks inherent in the financial instruments provided by the company and be able to bear such risks;

•Consider personal financial situation, financial resources, lifestyle and the amount that can bear losses;

Possess a certain knowledge of digital currency transactions and related assets and markets.

The previous market performance of the digital currency does not guarantee that it will have the same performance now or in the future. Forecasts based on previous data are risky. BITGOOD will not provide you with any investment advice or any advice directly or indirectly related to digital currency transactions. Users need to know that the services we provide do not include investment advice on assets, markets and trading strategies. Users need to know that the company may provide you with useful information created by third parties from time to time, but the company does not have any right to interpret such information or tools. Such information may be trading trends or trading opportunities. Users should consider their own risks before using such information/tools for any trading behavior. The company does not guarantee the authenticity and effectiveness of such information, tools, and so on. The company is not responsible for any losses incurred. The company will also provide news, market commentary or other business information through websites, agents or platforms, but users should note that such information is for reference only and is not the company’s investment advice for users. Users should make judgments based on their own considerations. When making investment decisions, all income and losses arising from the transaction are borne by the user.

• Market risk: Due to the volatility of the market, the daily price fluctuations of most of the digital currencies involved in the transaction may be very large, resulting in corresponding gains and losses. Users should carefully consider digital currencies with violent price fluctuations because of the high risk of loss. Prices may fluctuate due to changes in market conditions, and these changes are beyond the control of users and the company. Users may also incur losses because they fail to trade at the established price. Factors that cause market fluctuations include, but are not limited to: changes in supply and demand, national and international policies, geopolitics, and economic/political events or related announcements.

•Liquidity risk: refers to the fact that within a certain period of time, the relevant assets cannot be

Financial risks of fast transactions. Users need to understand that due to unfavorable market conditions, certain products provided by the company may face liquidity shortages, which may lead to asset fluctuations and higher risks. Volatility may be reflected in a wide spread, which may lead to changes in product prices.

• Volatility risk: Some digital currencies are traded in the intraday range, and their prices fluctuate sharply. Therefore, customers must carefully consider the high benefits and high risks they bring. The price of the digital currency comes from the price of the related asset corresponding to the digital currency. Digital currencies and their related markets may be extremely unstable. Therefore, the prices of digital currencies and related assets may fluctuate rapidly within a very large range, and may change due to unforeseen events or conditions. Any of these factors may vary. It cannot be controlled by the customer or the company. Under certain market conditions, customer orders may be unable to be traded at the established price and cause losses. The prices of digital currencies and related assets will be affected by factors such as changes in the relationship between supply and demand, government, commercial and trade plans and policies, national and international political and economic events, and the main physical characteristics of the relevant market.

2. Technical risk

The company is not responsible for the financial losses caused by the failure, interruption, or malicious actions of information, communications, electricity, electricity or other systems that are not caused by the company’s heavy negligence or deliberate breach of contract; you will be responsible when using the client terminal The following risks:

• Failures caused by problems with the use of equipment, software, servers, communication lines and interconnections;

• Failures caused by incorrect client settings;

• Failure to update the client terminal version in time;

• Failures caused by failure to follow the instructions of the client terminal.

Customers need to be aware that network failures may affect users' access to the company's website or transactions with the company. All losses caused by uncontrollable factors such as platform/system, including but not limited to operation interruption or transmission interruption, software and hardware failure, interconnection interruption, public electricity failure or customer attack, or because the customer cannot access the company The company is not responsible for any losses and liabilities (including but not limited to loss of profits) caused by the failure and delay of user's pending order transaction caused by the website or trading system. We are not responsible for errors that occur in the operation of the client terminal, nor do we compensate for the losses caused by the operation error of the client terminal. Users need to understand that the company is not responsible for service interruption or loss of capital due to a third-party attack on the company's trading system, and will not make compensation.

The company promises to take all reasonable measures to avoid such attacks and provide you with a safe and smooth transaction experience. Users need to understand that when completing transactions over the phone, especially during peak hours, operations may be delayed. In addition, users should note that our company did not accept