Southwest Securities: Has not yet launched any stablecoin-related business.

[Xinan Securities: Has Not Yet Started Stablecoin Related Business] On August 22, Xinan Securities stated on the interactive platform that the company has a subsidiary in Hong Kong and is conducting business in accordance with overseas regulations. Currently, the company has not yet started stablecoin related business. At the same time, the company is actively exploring and researching various business opportunities based on its own reality under the premise of Compliance.

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