Effective Date: 2 June 2026
Last Updated: 2 June 2026

This Investment Risk Disclosure explains the general risks associated with capital market investment, IPO participation, securities investment, portfolio planning, wealth management, mutual funds, bonds, and other investment-related activities discussed, referred, introduced, or supported by Aimer Merchants Ltd.

By using our website, reading our investment-related content, requesting investment advisory support, discussing wealth management, seeking IPO consultancy, or engaging with Aimer Merchants Ltd. for any capital market or investment-related service, you acknowledge that you have read, understood, and accepted this Investment Risk Disclosure.

1. General Investment Risk

All investments involve risk. Investment value may increase or decrease depending on market conditions, company performance, economic situation, regulatory changes, liquidity, investor behavior, interest rates, political events, and other factors.

No investment is completely risk-free unless specifically backed by a legally recognized guarantee from an authorized institution. Capital market investments, including shares, IPOs, mutual funds, bonds, and securities, may result in profit or loss.

Before making any investment decision, clients should carefully consider their financial condition, investment objectives, income source, liquidity needs, risk tolerance, investment knowledge, and time horizon.

2. No Guaranteed Return

Aimer Merchants Ltd. does not guarantee any fixed profit, assured return, capital protection, dividend, IPO gain, share price increase, portfolio growth, or investment success.

Any discussion, projection, opinion, estimate, research reference, market view, or possible return scenario should not be treated as a guarantee.

Clients and investors must understand that:

• Past performance does not guarantee future results.
• Historical returns may not continue.
• Market prices may move unpredictably.
• Investment income may vary.
• Dividends are not guaranteed.
• IPO allotment or listing gain is not guaranteed.
• Capital loss is possible.
• Investment decisions are made at the investor’s own risk.

3. Market Risk

Market risk refers to the possibility that investment value may decline due to overall market movement. This may happen even if the specific company or investment appears fundamentally strong.

Market risk may arise from:

• Economic slowdown
• Inflation
• Interest rate changes
• Political uncertainty
• Regulatory changes
• Investor sentiment
• Currency pressure
• Liquidity shortage
• Global market impact
• Sector-wide weakness
• Unexpected national or international events

Capital markets may move up or down without prior notice. Investors should be financially and mentally prepared for market volatility.

4. Price Fluctuation Risk

The price of listed securities may fluctuate regularly. Share prices, mutual fund unit prices, bond prices, and other securities may change due to supply and demand, company news, market sentiment, earnings performance, regulatory developments, and broader economic conditions.

Investors may not be able to sell an investment at the same price at which it was purchased. Selling during a market downturn may result in loss.

5. Liquidity Risk

Liquidity risk means an investor may not be able to buy or sell an investment quickly at a desired price.

Some securities may have low trading volume. In such cases, investors may face difficulty selling the investment when needed. Low liquidity may also cause wider price gaps and higher transaction risk.

Before investing, clients should consider whether they may need access to the money in the short term.

6. Company-Specific Risk

Investment in shares or securities of a company carries company-specific risk. Even if the overall market performs well, a particular company may underperform.

Company-specific risks may include:

• Weak financial performance
• Declining revenue
• Poor management
• Corporate governance issues
• High debt
• Legal disputes
• Regulatory penalties
• Industry challenges
• Reduced dividend
• Business model weakness
• Fraud or misrepresentation
• Operational disruption

Investors should not invest based only on rumors, social media posts, informal tips, or short-term price movement.

7. Sector Risk

Some investments may be exposed to sector-specific risk. For example, banks, insurance companies, textile companies, pharmaceuticals, fuel and power, IT, manufacturing, engineering, food, telecom, and real estate-related companies may each face different industry risks.

A sector may be affected by:

• Policy changes
• Import costs
• Raw material prices
• Export demand
• Regulatory restrictions
• Currency movement
• Technology change
• Competition
• Tax and VAT changes
• Consumer demand
• Global supply chain issues

Investing heavily in one sector may increase risk.

8. Economic and Inflation Risk

Bangladesh’s economy, like every economy, may face inflation, interest rate changes, exchange rate pressure, banking sector challenges, import-export changes, foreign reserve pressure, and other macroeconomic conditions.

Inflation may reduce the real value of investment returns. For example, if an investment generates a return lower than the inflation rate, the investor’s purchasing power may still decline.

Investors should consider real return, not only nominal return.

9. Interest Rate Risk

Interest rate changes may affect investment value. When interest rates rise, some fixed-income instruments, bonds, and market-linked investments may lose attractiveness or value. Higher interest rates may also affect company borrowing costs, profitability, and market valuation.

Investors should understand how interest rate changes may affect their portfolio.

10. Regulatory Risk

Investment markets are subject to laws, rules, regulations, circulars, directives, and decisions by relevant authorities. Changes in regulation may affect market operation, listing rules, IPO process, margin rules, taxation, disclosure requirements, mutual fund rules, trading process, or investor rights.

Regulatory decisions may affect investment value, timeline, liquidity, or eligibility.

Aimer Merchants Ltd. does not control regulatory decisions and cannot guarantee any regulatory outcome.

11. Tax Risk

Investment income, capital gains, dividends, interest income, business income, or other financial returns may be subject to tax depending on applicable laws and individual circumstances.

Tax rules may change from time to time. The tax impact of an investment may depend on:

• Investor type
• Income source
• Holding period
• Investment structure
• Documentation
• Applicable tax law
• Nature of return
• Tax residency
• Business or individual status

Clients should seek proper tax advice before making investment decisions.

12. IPO Investment Risk

IPO investment carries specific risks. Investors should not assume that every IPO will be profitable.

IPO risks may include:

• No guarantee of allotment
• No guarantee of listing gain
• Post-listing price decline
• Overvaluation
• Business performance risk
• Market timing risk
• Regulatory delay
• Subscription process risk
• Liquidity risk after listing
• Limited operating history in some cases
• Investor sentiment risk

Aimer Merchants Ltd. does not guarantee IPO approval, allotment, listing gain, or profit after listing.

13. Mutual Fund and Managed Product Risk

Mutual funds and managed investment products may reduce some risks through diversification and professional management, but they are not risk-free.

Possible risks include:

• Market risk
• Fund management risk
• Liquidity risk
• NAV fluctuation
• Dividend uncertainty
• Expense ratio impact
• Regulatory change
• Asset allocation risk
• Sector concentration risk
• Redemption risk, where applicable

Investors should review fund documents, investment objectives, risk level, fees, past performance, asset allocation, and manager information before investing.

14. Bond and Fixed-Income Risk

Bonds and fixed-income investments may provide predictable income, but they still carry risk.

Possible risks include:

• Interest rate risk
• Credit risk
• Default risk
• Liquidity risk
• Reinvestment risk
• Inflation risk
• Early redemption risk
• Issuer-specific risk

Investors should not assume that all fixed-income products are fully safe. The strength of the issuer and terms of the instrument should be reviewed carefully.

15. Margin Trading and Leverage Risk

Margin trading or leveraged investment can increase both profit and loss. Investors who use borrowed funds to invest may face higher risk.

Leverage may result in:

• Larger losses than expected
• Forced sale of securities
• Margin calls
• Interest costs
• Portfolio pressure during market downturns
• Rapid erosion of capital

Aimer Merchants Ltd. generally advises investors to understand the full risk of leverage before using margin or borrowed money for investment.

16. Currency and Foreign Investment Risk

Where any investment has exposure to foreign currency, foreign assets, international markets, import-export-linked business, or overseas income, currency risk may apply.

Exchange rate changes may affect:

• Investment value
• Business profitability
• Import cost
• Export earnings
• Foreign remittance value
• International portfolio return

Currency movement can create both opportunity and risk.

17. Real Estate and Property Investment Risk

Many investors in Bangladesh prefer land, flats, commercial space, or real estate projects. Real estate can be useful for wealth building, but it also carries risk.

Possible risks include:

• Title dispute
• Ownership complexity
• Developer delay
• Project approval issue
• Low liquidity
• Market price fluctuation
• Registration cost
• Tax and legal compliance
• Rental vacancy
• Maintenance cost
• Location risk
• Family dispute
• Documentation problem

Investors should complete proper legal, financial, and document verification before investing in property.

18. Business Investment Risk

Investment in a private business, startup, partnership, SME, family business, or informal venture can carry high risk.

Possible risks include:

• Business failure
• Cash flow problem
• Poor management
• Lack of proper agreement
• Partner dispute
• Regulatory issue
• Tax and VAT non-compliance
• Poor accounting
• Market competition
• Fraud risk
• Exit difficulty

Business investment should always be supported by proper documentation, due diligence, and financial analysis.

19. Concentration Risk

Concentration risk occurs when an investor keeps too much money in one asset, company, sector, business, property, or investment type.

For example, keeping all wealth in one stock, one business, one land project, one bank account, or one sector can increase risk.

Diversification may reduce risk, but it does not eliminate risk completely.

20. Behavioral Risk

Many investment losses happen because of emotional decisions. Investors may buy when prices are high due to excitement and sell when prices are low due to fear.

Common behavioral mistakes include:

• Following rumors
• Panic selling
• Greedy buying
• Overconfidence
• Ignoring risk profile
• Frequent trading without strategy
• Investing without research
• Copying others blindly
• Chasing unrealistic returns
• Holding losing investments without review

Investors should make decisions based on planning, analysis, discipline, and professional guidance where needed.

21. Fraud and Scam Risk

Investors should be careful about fraudulent schemes, fake investment offers, unauthorized advisers, unrealistic return promises, fake documents, and informal money collection.

Warning signs may include:

• Guaranteed high return
• No clear business model
• No valid documentation
• Pressure to invest quickly
• No regulatory clarity
• Cash-only transactions
• Secret investment strategy
• No proper agreement
• No transparency about risk
• Promise of profit without loss possibility

Aimer Merchants Ltd. does not support fraudulent, illegal, unauthorized, or misleading investment activities.

22. Risk Profile and Suitability

Not every investment is suitable for every investor. Suitability depends on:

• Age
• Income
• Expenses
• Savings
• Debt
• Family responsibility
• Investment knowledge
• Risk tolerance
• Time horizon
• Liquidity need
• Tax position
• Business exposure
• Emergency fund
• Financial goals

A young investor, retired person, business owner, salaried professional, NRB, entrepreneur, and high-net-worth individual may each need different investment strategies.

Clients should not invest in any product they do not understand.

23. Importance of Diversification

Diversification means spreading investment across different assets, sectors, products, or strategies. It may help reduce the impact of poor performance from one investment.

A diversified portfolio may include a combination of:

• Cash reserve
• Bank deposits
• Bonds
• Mutual funds
• Listed securities
• Real estate
• Business investments
• Retirement products
• Insurance protection
• Other suitable financial instruments

However, diversification does not guarantee profit or prevent loss.

24. Client Responsibility

Clients and investors are responsible for:

• Understanding investment risks
• Reviewing all documents
• Providing accurate information
• Disclosing financial goals and risk tolerance
• Asking questions before investing
• Making final investment decisions
• Monitoring investments
• Keeping records
• Understanding fees, charges, taxes, and exit conditions
• Seeking independent advice where needed

Aimer Merchants Ltd. may provide guidance, support, coordination, and advisory assistance, but final responsibility for investment decisions remains with the client or investor.

25. No Liability for Market Loss

Aimer Merchants Ltd. shall not be responsible for any investment loss, market loss, decline in portfolio value, missed profit, capital loss, dividend change, liquidity issue, IPO non-allotment, regulatory delay, third-party decision, or unfavorable market movement.

Investment risk is borne by the investor.

26. Third-Party Products and Services

Some investment-related services may involve third-party organizations such as:

• Brokerage firms
• Asset management companies
• Merchant banks
• Banks
• Financial institutions
• Regulators
• Depository participants
• Mutual fund managers
• Portfolio managers
• Government or regulatory platforms

Third-party organizations may have their own rules, fees, documents, processing timelines, risk disclosures, privacy policies, and terms of service.

Aimer Merchants Ltd. is not responsible for third-party actions, decisions, delays, investment performance, fees, platform errors, or service limitations unless specifically agreed in writing.

27. Professional Advice Recommended

Before making any major investment decision, clients should consider seeking advice from qualified professionals, including:

• Investment advisers
• Financial planners
• Tax consultants
• Legal professionals
• Accountants
• Brokerage professionals
• Asset management professionals
• Banking professionals

Investment decisions should be based on proper understanding, not only website content or informal discussion.

28. Review Before Investing

Before investing, clients should review:

• Investment objective
• Risk level
• Expected return
• Fees and charges
• Tax implications
• Lock-in period
• Liquidity
• Exit process
• Regulatory status
• Product documents
• Issuer background
• Company fundamentals
• Market conditions
• Suitability for personal goals

Investors should never sign documents or transfer funds without understanding the terms.

29. Updates to This Investment Risk Disclosure

Aimer Merchants Ltd. may update this Investment Risk Disclosure from time to time due to changes in services, laws, regulations, investment products, market practice, risk factors, or business operations.

The updated version will be posted on our website with a revised “Last Updated” date.

Continued use of our website or investment-related services after updates are posted means you accept the revised disclosure.

30. Contact Us

For questions about this Investment Risk Disclosure or investment-related services, please contact us:

Aimer Merchants Ltd.
Shams Parasol, Flat C1, House 5, Road 21, Gulshan 1, Dhaka-1212, Bangladesh
Email: info@aimermerchants.com
Alternative Email: aimer.merchants@gmail.com
Phone: +880 1726 685 550
WhatsApp: +880 1726 685 550