Core Viewpoint - Sichuan Changhong Electronic Holding Group Co., Ltd. (referred to as "Changhong Holdings") issued a statement to clarify that it is not associated with any financial investment activities conducted by entities using similar names, such as "Changhong Group Investment Co., Ltd." and "Ox Cap Exchange" [1][2] Group 1: Company Background - Changhong Holdings was established in 1995 with a registered capital of 3 billion yuan and is located in Mianyang High-tech Industrial Development Zone [1] - As of the end of 2023, Changhong Holdings reported total assets of 112.183 billion yuan and a revenue of 105.817 billion yuan [1] Group 2: Fraudulent Activities - The fraudulent platform, which launched in October last year, uses the name "Changhong Group" to promote a virtual currency investment project, requiring a minimum investment of 1,500 USD with promised daily returns of at least 1% [2] - Reports indicate that the platform's trading activities are not legitimate and are characterized as a Ponzi scheme, where new user investments are used to pay returns to older users [2] Group 3: Legal Actions and Public Awareness - Changhong Holdings announced that it will take all necessary legal actions to protect its rights and urged the public to report any suspected illegal financial activities to the authorities [3] - The company emphasized that any charitable activities conducted by "Changhong Group Investment Co., Ltd." are not affiliated with Changhong Holdings [4]