ZHONG JIA GX (00899) announced that the Board of Directors proposes to change the company's English name from "Zhong Jia Guo Xin Holdings Company Limited" to "Asia Resources Holdings Limited", and to change the Chinese name from "中加国信控股股份有限公司" to "亚洲资源控股有限公司" as the company's second name.

Additionally, the company's Board of Directors recently discovered suspected fraudulent activities conducted in the company's name, involving unauthorized use of the company's name in China and impersonation of the company's senior management to conduct scams, attempting to deceive the public into participating in illegal investment projects.

The company hereby clarifies that the suspected fraudulent activities and any business disputes arising or may arise therefrom are unrelated to the company. The company bears no responsibility for these activities and reserves the right to take further legal action against them.

The Board of Directors expresses serious concern about the unauthorized parties' abuse of the company's name, impersonation of the company to deceive the public and attempt to profit from such activities. The company reserves the right to take legal action to address any such unauthorized and misleading activities.

If necessary, the company will make further announcements to keep the market informed of the latest developments.