Legal

Disclaimer and risk warning

Version v1.0 | Effective 17 September 2026

Core risk warning: fund investment involves risk and past performance is not indicative of future results. This Fund does not guarantee the safety of principal and makes no commitment to any form of return. Investors may lose all or part of their invested principal.

Template note: this is a general-purpose disclaimer template provided to meet the compliance requirements of the project. Before launch it must be reviewed by a Hong Kong practising solicitor or compliance adviser.

1. Nature of the information

All information, data, charts and text on this Website (the "Site Information") is provided for general reference only. It does not constitute, and should not be regarded as, investment, financial, legal or tax advice of any kind, nor does it constitute an offer, solicitation, invitation or promotion in respect of any securities or fund units.

No person should make an investment decision in reliance on the Site Information. Before making any investment decision, please consult your own independent financial, legal and tax advisers.

2. Investor suitability

The fund described on this Website is intended only for "Professional Investors" as defined under Hong Kong's Securities and Futures Ordinance (Cap. 571). It is not offered to the public. Non-professional investors should not read the fund-related information on this Website or act on it in any way.

The Website limits the visibility of fund information through an investor qualification mechanism, but that mechanism is not a substitute for a legally effective investor suitability review. Final determination of investor status is subject to the formal compliance review completed before the fund documents are signed.

3. Performance information and forward-looking statements

Past transactions closed by the team and mentioned on this Website illustrate the team's business coverage only. They are not the performance of this Fund.
Market transactions cited on this Website (such as AI.com and Voice.com) are publicly reported market information, not the performance of this Fund, and do not mean this Fund can achieve comparable returns.
Any statement about market outlook, investment opportunities or strategy is a judgement based on information available at the time. It is a forward-looking statement and may cease to be accurate as markets change.
Performance data must state its time period and calculation basis, and complete compliance review, before it is published.

4. Principal risk factors

Market risk: domain prices are volatile and industry cycles can materially affect asset valuations.
Liquidity risk: high-value domains are non-standard assets. Realisation may take considerably longer than expected and, in extreme conditions, a sale at a reasonable price within the planned timeframe may not be possible.
Valuation risk: domains lack an active public quotation market. Valuations rely on models and peer comparison and may diverge materially from the price actually realised.
Concentration risk: although a 10% limit applies per domain, the portfolio may still carry concentration risk from shifts in supply and demand within a single segment (such as AI-related domains).
Compliance risk: the Fund must obtain and maintain the required regulatory licences to be established and operated, and changes in the regulatory environment may affect the Fund's operation.
Technology and policy risk: the domain system is affected by external factors including ICANN and registry policies and the opening of new generic top-level domains.

The risk factors above are not exhaustive. The full risk disclosure is the risk factors section of the fund contract and offering documents.

5. Accuracy of information

We aim to keep the Site Information accurate, but we give no express or implied warranty as to its completeness, accuracy or timeliness. The Site Information may be updated at any time without notice. Third-party data cited on this Website (such as NameBio, DNJournal and Escrow.com) follows those providers' own basis of preparation, and statistical methods may differ between providers.

6. Limitation of liability

To the maximum extent permitted by law, we accept no liability for any direct or indirect loss arising from the use of, or reliance on, the Site Information.

7. Third-party links

This Website may contain links to third-party websites. We are not responsible for the content, privacy practices or availability of those websites.

8. Governing law

This disclaimer is governed by the laws of the Hong Kong Special Administrative Region. Disputes arising from it are subject to the jurisdiction of the courts of the Hong Kong Special Administrative Region.

9. Contact us

If you have any question about this disclaimer, please contact Jack@X.capital.

Related terms: Privacy Policy · Cookie Policy