Gelonghui June 8th 丨Yashiwei (01993.HK) announced that recently, the company learned that the suspected fraud has not stopped. Seeing this, the company has appointed Yingke Law Firm (a law firm in Beijing) to issue a censure or censure in a Chinese public statement (“Statement”). The full statement is available on the company's website.

The Company hereby reaffirms that the alleged fraud matter and any commercial dispute arising from or that may arise therefrom is unrelated to the Group, and that the Group has not used the name “Yashiwei Media Group Co., Ltd.” or “Yashiwei Media Co., Ltd.” to establish any entity in mainland China.

Once again, members of the public are reminded that if any organization or person takes the initiative to contact you and claims to offer you any opportunities for cooperation, you should act with extreme caution.