China Rare Earth Group solemnly declares that it has never carried out any form of cooperation, consultation or plan with relevant institutions and units on the so-called "rare earth RMB stablecoin"

Some online media have recently circulated relevant information such as "China Rare Earth Group, Ant Group and the People's Bank of China jointly built the world's first rare earth RMB stablecoin". In response to this false fabrication, seriously misleading the public and disrupting financial order, China Rare Earth Group Co., Ltd. (hereinafter referred to as "our company") solemnly declares as follows: 1. Our company has never carried out any form of cooperation, consultation or plan with relevant institutions and units on the so-called "rare earth RMB stablecoin". This information is maliciously fabricated by criminals. Please believe it in the public and investors. 2. Our company reminds all sectors of society and investors to be vigilant against illegal financial activities, pay attention to preventing risks, and beware of property losses. III. Our company has reported to the relevant departments that it strictly requires the relevant units to immediately stop infringement, fraud and other illegal acts, and reserves the right to pursue legal responsibility for any acts that damage our image and interests. IV. Any major foreign cooperation matters shall be subject to the disclosure of our official channels.