Regarding the false information spread on social media and in the press that Netcapital Financial Group transferred approximately ₮800 million to former Prime Minister Ch. Saikhanbileg and ₮220 million to "Baigal House" LLC, we are issuing this statement.

Netcapital Financial Group strictly adheres to the laws of Mongolia and the regulations of its authorized regulatory bodies. Since 2012, we have undergone annual financial audits by reputable, independent international audit firms.

We officially and responsibly state that no company within the Netcapital Financial Group has transferred the aforementioned funds or provided loans to Ch. Saikhanbileg or "Baigal House" LLC.

We urge the public to refrain from creating and spreading baseless, false, and misleading information that damages the business reputation of Netcapital Financial Group.