BAIGE DIGITAL (02672) Clarifies Unauthorized Activities, Has Reported to Public Security and Financial Regulatory Authorities in Xiamen and Shenzhen

BAIGE DIGITAL (02672) announces that the Company has recently become aware that certain entities associated with an unlicensed financing platform have, without the Company's authorization, used or displayed the Company's name, brand logo and stock code (02672), and are alleged to have issued or displayed documents in the name of the Company or Mr. Tu Jinbo, the Company's executive director, chairman and chief executive officer, which may mislead people into believing that such entities are associated with the Company (the Unauthorized Activities). The Unauthorized Activities identified by the Company include but are not limited to: (i) the use of the Company's brand logo and stock code at business premises; and (ii) the issuance or display of notices alleging to associate certain entities and an unlicensed financing platform with the Company or Mr. Tu Jinbo. In order to protect investors and the public from being misled by such rumors, the Company hereby clarifies as follows: (i) Neither the Company nor any member of the Group has authorized any third party or platform to use or display the Company's name, brand logo or stock code, or to represent that it is associated with the Company or the Group. (ii) Any information or activities not published or conducted through the Company's official channels are unauthorized by the Company and have no connection with the Company. (iii) Neither the Company, any of its controlling shareholders nor any member of the Group has any equity, parent-subsidiary, management, authorization, brand licensing or business cooperation relationship with the entities or platforms involved in the Unauthorized Activities, nor any fund flows or other financial dealings. (iv) Neither Mr. Tu Jinbo nor any controlling shareholder holds any position at such entities or platforms, nor has authorized any individual or entity to use his name or title, or to use the Company's name, brand logo or stock code to issue any documents or carry out any business, promotional, fundraising or investment-related activities. (v) The Company has reported the relevant matters to the public security authorities in Xiamen and Shenzhen and the relevant local financial regulatory authorities. The Company will continue to cooperate with the relevant authorities and reserves all rights to take appropriate legal action against any individuals or entities responsible for the Unauthorized Activities or the dissemination of false or misleading information about the Company or the Group. The Board confirms that the Group's business operations remain normal and stable. Based on the information currently available to the Board, the above matters have not had any material impact on the Group's operations.