Disclaimer

Last updated: February 2026

User Agreement Terms & Conditions

By accessing and using research publications, reports, and other content ("Research") provided by Zero One Investment Research, a division of Clearsight Systems Pte. Ltd. ("Zero One," "we," or "us"), you agree to be bound by the following terms and conditions.

Our Research is provided for informational purposes only and does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities, financial instruments, or other assets. The Research should not be construed as investment advice and is not intended to be used as the basis for any investment decision.

Disclosure Regarding Relationship with Covered Companies

Zero One may from time to time have business relationships with companies covered in our Research, including corporate finance advisory, strategic consulting, or other professional services engagements. Such relationships will be disclosed in individual research reports where applicable.

The author(s) of our Research may hold positions in securities of companies mentioned in the Research. Such positions will be disclosed in the individual research reports. Readers should assume that the author may trade in and out of positions in such securities.

Regulatory Disclosures — United States SEC

Zero One Investment Research is not registered as an investment adviser with the U.S. Securities and Exchange Commission or any state securities regulatory authority. Our Research does not constitute personalized investment advice.

The Research is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation. It is your responsibility to ensure compliance with all applicable laws and regulations in your jurisdiction.

Regulatory Disclosures — Monetary Authority of Singapore (MAS)

Clearsight Systems Pte. Ltd. is incorporated in Singapore. Our Research is provided in accordance with applicable Singapore laws and regulations. To the extent that our Research is distributed in Singapore, it is intended only for accredited investors, expert investors, and institutional investors as defined under the Securities and Futures Act.

Disclaimer, Exclusions, and Limitations of Liability

While we endeavor to ensure that the information contained in our Research is accurate and up-to-date, we make no representations or warranties, express or implied, as to the accuracy, completeness, reliability, or suitability of the information for any particular purpose.

All information is provided "as is" without warranty of any kind. Zero One expressly disclaims all warranties, including but not limited to implied warranties of merchantability, fitness for a particular purpose, and non-infringement.

In no event shall Zero One, its directors, officers, employees, agents, or affiliates be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising out of or in connection with your use of our Research, whether based on warranty, contract, tort (including negligence), or any other legal theory.

Past performance is not indicative of future results. Investment in securities involves risk, including the potential loss of principal. You should carefully consider your investment objectives, level of experience, and risk appetite before making any investment decisions.

Indemnification

You agree to indemnify, defend, and hold harmless Zero One, its directors, officers, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with your use of our Research or your violation of these terms.

Intellectual Property

All content included in our Research, including but not limited to text, graphics, logos, images, data compilations, and software, is the property of Zero One or its content suppliers and is protected by international copyright laws.

You may not reproduce, distribute, modify, transmit, or use any content from our Research for commercial purposes without our prior written consent. Limited excerpts may be used for non-commercial purposes with proper attribution.

Governing Law

These terms and conditions shall be governed by and construed in accordance with the laws of the Republic of Singapore. Any disputes arising under or in connection with these terms shall be subject to the exclusive jurisdiction of the courts of Singapore.

Contact Information

For questions or concerns regarding this disclaimer or our Research, please contact us:

• Email: research@01.co
• Phone: +1 617 622 8038
• Legal Entity: Clearsight Systems Pte. Ltd.