Core Viewpoint - China CRRC Group has issued a statement warning the public about fraudulent activities using its name, specifically through apps like "China CRRC," "China CRRC," and "CRRC Wind Power," which are involved in illegal financing scams [2][3]. Group 1 - The fraudulent apps operate under a pyramid scheme model, fabricating investment projects and promoting high returns, which are not associated with China CRRC Group [2][3]. - China CRRC Group emphasizes that it has no connection to these apps and has not authorized any activities related to them, urging the public to remain vigilant and avoid engaging with such platforms [2][3]. - The apps cannot be downloaded through official channels and are disseminated via social media platforms, utilizing foreign servers to evade domestic regulations [3]. Group 2 - China CRRC Group is the only industrialized group in China focused on rail transit equipment, high-end manufacturing, and clean energy equipment, with total assets amounting to 520.4 billion yuan [3]. - The group comprises four listed companies and has 406 wholly-owned or controlled subsidiaries, employing 164,000 people [3].

Core Viewpoint - China CRRC Group has issued a statement warning the public about fraudulent activities involving unauthorized apps that misuse its name for illegal financing scams [1][2]. Group 1: Fraudulent Activities - Fraudsters are using apps named "China CRRC," "China CRRC," and "CRRC Wind Power" to conduct illegal financing scams, falsely claiming high returns on investments [1]. - The company emphasizes that it has no connection to these apps and has never authorized or participated in any of their activities [1][2]. Group 2: Public Warning - The fraudulent apps are distributed through social media platforms like WeChat and cannot be downloaded from official channels, indicating a deliberate attempt to evade domestic regulatory oversight [2]. - The company urges the public to remain vigilant and avoid engaging with these apps or similar illegal channels for any form of financial investment [2]. Group 3: Company Overview - China CRRC Group is the only industrialized group in China focused on rail transit equipment, high-end manufacturing, and clean energy equipment, with total assets amounting to 520.4 billion yuan [2]. - The group comprises four listed companies and has a workforce of 164,000 employees across 406 subsidiaries [2].