Barclays Americas Morning Research Summary

Research evidence excerpt

Barclays Americas Morning Research Summary

nless otherwise disclosed herein, the analysts who authored this report have

not received any compensation from the subject companies in the past 12 months. If this publication contains recommendations, they are general

recommendations that were prepared independently of any other interests, including those of Barclays and/or its affiliates, and/or the subject

companies. This publication does not contain personal investment recommendations or investment advice or take into account the individual

financial circumstances or investment objectives of the clients who receive it. Barclays is not a fiduciary to any recipient of this publication. The

securities and other investments discussed herein may not be suitable for all investors and may not be available for purchase in all jurisdictions. The

United States imposed sanctions on certain Chinese companies (https://ofac.treasury.gov/sanctions-programs-and-country-information/chinese-

military-companies-sanctions), which may restrict U.S. persons from purchasing securities issued by those companies. Investors must

independently evaluate the merits and risks of the investments discussed herein, including any sanctions restrictions that may apply, consult any

independent advisors they believe necessary, and exercise independent judgment with regard to any investment decision. The value of and income

from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The

information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily

indicative of future results.