An alert may include:

研究提示可能包括：

• Live market observation实时市场观察
• The setup on a covered company重点股票 setup
• A reference watch or entry range参考关注／入场区间
• Reference conditions for adding, trimming and exiting加仓、减仓及退出参考条件
• Material changes in the fundamentals or the investment case基本面或投资逻辑的重要变化
• Key valuation and technical levels关键估值与技术价位

Every subscriber receives the same impersonal research content. HighRock does not access a research subscriber's brokerage account and does not execute transactions on a subscriber's behalf.

所有订阅者收到相同的非个性化研究内容。HighRock 不访问研究订阅者的证券账户，也不代表订阅者执行交易。

• Pre-Market Brief (every trading day, before the open)盘前简报（每个交易日开盘前） Overnight moves across global indices, futures, currencies and commodities; the day's notable U.S. analyst rating changes (upgrades, downgrades and price-target revisions); the earnings, macro and event calendar; and our read on sentiment heading into the open.全球主要股指、期货、汇率与大宗商品隔夜表现；美股当日重要评级调整汇总（Upgrade/Downgrade/目标价变动）；当日财报、宏观数据与事件日历，以及我们对开盘前市场情绪的判断。
• Intraday Alerts (when an opportunity arises)盘中提示（出现机会时发送） Sent when a price move, an event or an earnings release creates what we consider an actionable opportunity.价格、事件或财报产生我们认为值得行动的机会时发出提示。
• Post-Market Summary (every trading day, after the close)盘后总结（每个交易日收盘后） A recap of the session, sector and single-stock moves, our interpretation of key earnings and news, and what to watch into the next day.当日市场回顾、板块与个股异动、重要财报与新闻的解读，以及对次日需要关注事项的梳理。
• Send in bulk统一发送 Each alert uses one research format, ordinarily comprising: ticker and view · publication timestamp · reference price · horizon · the core judgment · the fundamental basis · valuation · technical structure · key levels.每份提示采用统一研究格式，通常包括：标的与观点 · 发布时间戳 · 参考价格 · 投资期限 · 核心判断 · 基本面依据 · 估值 · 技术结构 · 关键价位。
• Released to every subscriber at the same time同一时间发送给所有订阅者 The same Real-Time Research Alert is sent simultaneously to every subscriber of the tier and to Portfolio Management clients. No research subscriber receives selective or early access. A Portfolio Management client may separately receive a personalized recommendation relating to that client's own account, based on that client's investment objectives, risk tolerance, existing positions and overall allocation.同一份 Real-Time Research Alert 同时发送给该服务档位的全部订阅者及 Portfolio Management 客户，不向任何研究订阅者提供优先或提前接收。Portfolio Management 客户可能基于其个人投资目标、风险承受能力、现有仓位和整体资产配置，另外收到与其账户相关的个性化建议。
• Every alert states its key conditions每一份提示明确关键条件 At the time of publication we state, as precisely as we can, the reference watch or entry range, the conditions for adding or trimming, the risk-control level and the conditions that would invalidate the investment case — so that the research judgment can be tested objectively after the fact.在发布时，我们会尽可能明确参考关注／入场区间、加仓或减仓条件、风险控制价位以及投资逻辑的失效条件，使研究判断能够在事后进行客观检验。

A Real-Time Research Alert is an impersonal investment research service. It is prepared without regard to the financial situation, investment objectives, time horizon, tax position or risk tolerance of any particular subscriber, and therefore does not constitute personalized investment advice to any particular subscriber. Real-Time Research Alert 属于非个性化投资研究服务。研究内容在编制时不考虑任何特定订阅者的财务状况、投资目标、投资期限、税务状况或风险承受能力，因此不构成针对任何特定订阅者的个性化投资建议。