Gaorong Ventures hereby issues the following solemn statement:

高榕创投高榕创投·June 24, 2019

Formal Statement.

Recently, we have discovered that certain individuals and entities are impersonating Gaorong Ventures, 高榕, Gaorong Capital, Banyan Capital, or Gaorong (hereinafter collectively referred to as "Gaorong Ventures") through websites, apps, WeChat, Weibo, and other channels, disseminating false information and conducting financing, wealth management, and capital raising activities.

In light of this, Gaorong Ventures hereby makes the following solemn statement:

Gaorong Ventures strictly complies with all applicable laws, regulations, and regulatory requirements. Our funds are raised through non-public means exclusively from qualified investors who meet the relevant eligibility criteria. Gaorong Ventures has never — nor has it ever authorized any entity or individual to — conduct any financing, wealth management, capital raising, or similar activities in the name of Gaorong Ventures through any public channels, including but not limited to websites, apps, WeChat, Weibo, or other platforms.

Gaorong Ventures has no cooperative relationship whatsoever with any such entities or individuals falsely claiming affiliation with us, and any activities they undertake are entirely unconnected to Gaorong Ventures. Any unauthorized use of Gaorong Ventures' trademarks or name constitutes infringement, and we reserve the right to take legal action to protect our legitimate rights and interests and to hold infringers legally accountable.

We urge the public not to trust such false information, so as to avoid financial losses. Should you suffer any losses, please promptly report them to public security authorities and regulatory agencies to protect your personal rights and interests.

We reiterate that Gaorong Ventures' official contact information is as follows:

Contact Email

bp@gaorongvc.com

Official Website

http://www.gaorongvc.com/

Official WeChat Public Account

ID: banyancapital

Gaorong Ventures

This statement is hereby issued.

Should you have any further questions, please contact us through the channels listed above.