China National New Company sternly declares: the company and its affiliates are unaware of and have not conducted any activities related to stablecoin funds.

[China State-owned Assets Supervision and Administration Commission's Serious Statement: The company and its affiliates are unaware of and have not engaged in any activities related to stablecoin funds] China National New Holding Co., Ltd. issued a serious statement regarding false information. The statement said that recently, the company discovered that some online media published and disseminated false reports such as "China National Capital Venture Capital Fund Co., Ltd. announced the establishment of its first venture capital fund priced in stablecoins" and "The first stablecoin fund of the state-owned capital venture capital fund is officially on sale," with images of the China National Capital Venture Capital Building included in the reports. The company hereby reminds that neither the company nor its affiliates have any equity affiliation or business cooperation relationship with the entities mentioned in the above report, nor have they signed any agreements with the aforementioned entities or their affiliates. The company and its affiliates are unaware of and have not engaged in any activities related to stablecoin funds, and such activities have no relation to the company.