CHANGHONG(SH:600839) Zheng Quan Shi Bao Wang·2025-08-01 03:34Core Viewpoint - The Sichuan Changhong Electronic Holding Group Co., Ltd. (Changhong Holding) has issued a statement to combat fraudulent activities involving a company that closely resembles its name, which has been misleading the public into financial investments [1][2]. Group 1: Company Background - Changhong Holding was established in 1995 with a registered capital of 3 billion yuan and is located in the High-tech Industrial Development Zone of Mianyang City [1]. - As of the end of 2023, Changhong Holding reported total assets of 112.183 billion yuan and revenue of 105.817 billion yuan [1]. Group 2: Fraudulent Activities - A fraudulent entity named Changhong Group Investment Co., Ltd., registered in Hong Kong, has been conducting investment activities under the guise of Changhong Holding, which has no affiliation with it [1][2]. - The fraudulent platform, Ox Cap, launched in October of the previous year, promotes a virtual currency investment scheme with promises of daily returns and various incentives for recruiting new members, but it operates as a Ponzi scheme [2][3]. Group 3: Legal Actions and Public Awareness - Changhong Holding has announced that it will take all necessary legal actions to protect its rights and has urged the public to report any suspected illegal financial activities to the authorities [3]. - The fraudulent company has been active in various charitable donation activities in Guizhou, which has further confused the public regarding its legitimacy [4].