Financials May 17, 2022 12:40 PM (GMT+8) · EqualOcean
Snowball announced on May 17 that recently, an automatic redemption option product dubbed "snowball structure" by some financial institutions has attracted extensive attention from regulators and investors. Snowball hereby clarifies that snowball has never issued such high-risk automatic redemption option products, and has never licensed any third party to use the "snowball" trademark on such high-risk automatic redemption option products. The above products are not directly or indirectly related to snowball.