To whom it may concern,

Recently, some criminals have engaged in illegal fundraising activities in the name of CR Capital Management or CR Capital Management employees using Apps, WeChat groups or making offline visits. They have defrauded investors, infringed on their rights and interests, and damaged the reputation of CR Capital Management. To protect the legitimate rights and interests of investors and maintain the company’s reputation, we hereby declare as follows:

China Resources Capital Management Co., Ltd. and Shenzhen China Resources Capital Equity Investment Co., Ltd. (hereinafter collectively referred to as “CR Capital Management” or “our company”) are wholly-owned subsidiaries of China Resources (Holdings) Co., Ltd. and China Resources Co., Ltd. (hereinafter collectively referred to as “CR Group”) respectively. The private equity funds managed by our company conduct businesses in strict compliance with laws and regulations, as well as the requirements of the regulator and CR Group. These funds are only for qualified investors and raise capital privately. They do not raise capital from any non-qualified investors, nor do they issue any financial or wealth management products. They do not publicly raise capital through any APPs or online platforms such as WeChat, nor do they promise to guarantee capital or returns in any way.

We urge investors to stay vigilant against fraud and protect themselves from illegal fundraising activities. If you have any questions, you can inquire and verify on our official website https://www.crcapm.com/ or by calling our company 0755-88652888. If anyone illegally impersonates CR Capital Management and/or CR Capital Management employees, we reserve the right to hold them legally responsible. If investors and other people find any illegal activities conducted in the name of CR Capital Management and/or CR Capital Management employees, please report to the police, regulators or our company immediately.

CR Capital Management Co., Ltd.

October 9, 2020