Risk Disclosure

1. Nature of Investment Risk

Crowdfunding projects introduced through IPTF (whether via Republic platform or IPTF direct subscription) involve equity investment in early-stage or growth-stage enterprises and are inherently high-risk. Investors should be psychologically and financially prepared to lose their entire principal.

2. Major Risk Categories

Capital Loss Risk

Early-stage enterprises have higher failure rates. Even rigorously evaluated projects may fail due to market, execution, regulatory, or force majeure factors, resulting in total capital loss. Investors should not commit more than they can afford to lose.

Liquidity Risk

Crowdfunding investments typically lack public market trading and may be unredeemable or non-transferable for years. Even if the project performs well, investors may face capital being locked up long-term.

Information Asymmetry Risk

Disclosure requirements for early-stage enterprises are lower than listed companies. Information available to investors may be limited, making complete operational assessment difficult. Investors should leverage regulatory review periods to conduct independent due diligence.

Regulatory Risk

Cross-border crowdfunding involves regulations across multiple jurisdictions. Regulatory changes may impact investment structure, tax treatment, capital flow, or exit pathways. Investors should understand the regulatory environment in their location and the project’s location.

Dilution Risk

Subsequent funding rounds may dilute early investors’ equity percentage. Even if the enterprise eventually succeeds in IPO or M&A, early shareholders’ actual returns may fall short of expectations due to multiple dilutions.

Currency Risk

Investments denominated in foreign currency (e.g. USD) involve exchange rate fluctuations. Even if the project itself succeeds, currency losses may affect overall returns.

3. IPTF’s Role and Responsibility

As an advisor and project introduction platform, IPTF provides information based on analysis of materials supplied by project parties. IPTF does not guarantee project success or investment returns and bears no liability for investment losses. Investments through third-party platforms like Republic are governed by their own terms and protection mechanisms.

4. Suitability

Crowdfunding investment is suitable for investors who:

• Possess financial knowledge and risk awareness
• Can bear total principal loss
• Are willing to hold long-term illiquid assets
• Can make independent judgments or consult professional advisors

5. Investor Acknowledgement

Before consulting or investing through IPTF, you acknowledge:

• You have read and understood all risks in this disclosure
• The investment decision is yours independently, without undue solicitation
• The investment amount is within your loss-bearing capacity
• You have consulted necessary professional advisors (e.g. tax, legal)

6. Contact

For questions about this Risk Disclosure, please contact contact@ip-tf.com or our Contact page.