Official Announcement | Important Notice on vigilance against illegal fund-raising activities in the name of VSP

VSP Private Equity Management (Zhuhai) Co., Ltd., VS Partners (Hong Kong) Co., Ltd., and VS Partners Investment Consulting (Shenzhen) Co., Ltd. (hereinafter collectively referred to as "VSP" or "our company") found that there are fraudsters and identity thieves using various social media platforms such as Douyin, WeChat, QQ, Internet, telephone and SMS to arrange for online classes and stockholder training camps with fake VSP Chinese and English corporate logos and names. The fraudsters are conducting illegal fund raising activities under the names of "维世资产有限公司" (VSP Asset Co., Ltd), "维世资本" (VSP Capital) etc., to use fake promotion, mobile applications and other tools to deceive users to transfer money to multiple suspicious bank accounts, engage in illegal fundraising activities, and defraud investors. Such activities have damaged the rights and interests and caused financial loss of investors and infringed the reputation of our company and employees.

In order to uphold the integrity of the securities market and protect the legitimate rights and interests of investors, we solemnly declare as follows:

1. VS Partners (Hong Kong) Co., Ltd. (CE Reference: BPF855) is licensed by the Hong Kong Securities and Futures Commission for Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. VSP Private Fund Management (Zhuhai) Co., Ltd. is a non-public equity fund management company registered with the China Securities Investment Fund Association (Registration code: P1071860). VSP Investment Consulting (Shenzhen) Co., Ltd. is a wholly owned subsidiary of VS Partners (Hong Kong) Co., Ltd. in China. Our company does not own or have affiliates named "VSP Assets Co., Ltd.", "VSP Capital" or any entity other than the above three legal entities that fraudsters falsely claimed.

2. VSP strictly follows the requirements of the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission to conduct businesses in accordance with laws and regulations. VSP only serve Qualified Professional Investors directly who meet the qualification and requirements set by the above-mentioned regulatory bodies. VSP currently does not appoint any third-party agencies in marketing, fund raising or product distribution , does not use any mobile applications, and has not authorized any organizations or individuals to do so. Our company does not raise capital from any non-professional investors or issue any financial products and raise capital via social network platforms. VSP also does not authorize any external personal or institutional accounts to collect any form of funding or fees. Any individuals, groups, or organizations conducting the above-mentioned activities in the name of VSP have nothing to do with our company. Our company reserves the right to take legal actions against organizations and individuals who pretend to be our company or our staff to conduct any fraudulent activities.

3. Trademark registrations for the relevant Chinese and English company names and logos of VSP have been applied with the State Intellectual Property Office and therefore fall in the scope of protection under relevant intellectual property regulations. The misappropriation of the name and logo of VSP by fraudsters constitutes infringement. VSP reserves the right to pursue related legal actions against such IP infringement.

4. Investors are advised to remain vigilant of false identities, consciously resist the improper interests, stay away from illegal investment activities, and beware of potential deception. If you have any questions, you can go to VSP’s only official website www.vspartners.com, WeChat public account "VSP" (WeChat ID: VSPartners), WeChat mini-program "VS Partners", and call our landline 0755 8898 0720 to verify.

5. VSP has reported and filed the case to local public security bureau and financial authorities. VSP reserves the right of any legal actions against the fraudsters that embezzled the name of VSP for any illegal acts.

VSP invites you to inform other investors of the above content in your reach and we express our sincere thanks to you. Let us work together to combat illegal fraud and maintain professional market conduct.

VS Partners (Hong Kong) Co., Ltd.

VSP Private Fund Management (Zhuhai) Co., Ltd.

VS Partners Investment Consulting (Shenzhen) Co., Ltd.

May 28, 2021