Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Avary Holding Shenzhen (002938.SZ)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (Rmb)	Price Target (Rmb)	Rating
2022-01-25	37.67	33.50	Neutral
2022-02-22	35.31	36.50	Neutral
2022-07-15	29.80	33.00	Neutral
2022-08-09	32.89	35.00	Neutral
2022-10-31	29.75	32.50	Neutral
2023-03-15	27.90	30.00	Neutral
2023-05-15	22.94	23.00	Neutral
2024-03-12	22.15	24.00	Neutral
2024-08-28	33.61	35.00	Neutral

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.