RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

Pionex Pte Ltd. (“PPSL” or “us” or “our”)  is exempted from holding a license by the Monetary Authority of Singapore to provide digital payment token (“DPT”) services which is being provided or will be provided to the customer or potential customer (“You”).

The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer or potiential customer of a digital payment token (DPT) service provider.

Before you pay PPSL any money or DPT, you should be aware of the following:

1. PPSL is is exempted from holding a license by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to us if our business fails.

2. You should not transact in the DPT if you are not familiar with this DPT. Transacting in DPTs may not be suitable for you if you are not familiar with the technology that DPT services are provided.

3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.