NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW.

The following information does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States of America (the "United States") or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. Users of this website are requested to inform themselves about and to observe any such restrictions. The securities of GEM Co. Ltd. have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither GEM Co. Ltd. nor its shareholders intend to register any portion of the securities in the United States or conduct a public offering of securities in the United States. The information contained on the following web pages may not be distributed outside of Switzerland, in particular not in the United States.

The following information is only addressed to and directed at, and any investment or investment activity to which the following information relates is available only to, (a) professional clients within the meaning of article 4 para 3 of the Swiss Federal Act on Financial Services of June 15, 2018, as amended ("FinSA"), and (b) persons subject to private placements in certain jurisdictions outside the United States of America (the "United States") and Switzerland in accordance with applicable securities laws and on the basis of various exemptions, including those provided by Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, as amended (the "Prospectus Regulation") or by Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (the "UK Prospectus Regulation"). In addition, in the United Kingdom, this electronic transmission and the attached Document is only being distributed to and is only directed at persons who are "qualified investors" within the meaning of Article 2 of the UK Prospectus Regulation and who (i) have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")); or (ii) are persons falling within article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.); or (iii) are persons to whom this Document may otherwise be lawfully communicated (all such persons together being referred to as "Relevant Persons").

Some of the information published in this website contains forward-looking statements. Users are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. GEM Co. Ltd. undertakes no obligation to publicly update or revise any information or opinions published in the website. GEM Co. Ltd. reserves the right to amend the information at any time without prior notice.

The information contained in this website may not be considered as being a substitute for economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content of this website. An investment decision with respect to securities of GEM Co. Ltd. must only be made on the basis of the offering prospectus published in accordance with Swiss law. Users must consult their investment advisers or other advisers prior to making any decisions.

Please confirm that you have read the complete legend and accept its terms: