14/01/2021
COMMUNIQUE 30.1
2021/1/14 17:56:03
DATE: 14 JANUARY 2021
Important Announcement About Who We Are and We are Ready to Comply to both Security Exchange Commission and Ghana Investment Promotion Centre in Ghana
Dear all cherished CHY Mall members and leaders,
Warm greetings from CHY Mall management and hierarchy. As always, we continue to cherish and value the business relationship that exist with you all our numbering members.
We refer to the public interest warning notice dated 8th January, 2021 issued by SEC and 13th January, 2021 issued by GIPC and hereby respond accordingly.
First of all, in CHY MALL, we operate an E-Commerce New Retail Trading Platform where such goods as quantum energy products, purchased and sold through the new retail concept blended with network marketing compensation plan. It is in our firm belief that the operation of this new retail concept does not fall within the capital market or futures exchanges activities regulated by the SEC and GIPC.
We do not accept deposits from customers. We do not invite deposits from customers. We also do not deal in securities, commodities and futures exchanges. Our customers earn commission and bonuses in accordance with the compensation plan for promoting the health products.
We are by this letter requesting that SEC and GIPC explain to us which particular activity listed under Section 3 of the securities industry Act 2016 or the Regulation is being carried out unlawfully by CHY MALL to enable us comply or remedy the non-compliance. We are ready to comply accordingly and wish it can be done as soon as possible.
The CHY MALL management will gladly reiterate to all its customers and members and the general public, as well as new prospects and soon to be members that, the CHY Mall business in nature is an E-Commerce Online trading platform.
We hope all its SERVICE CENTRES (SC) and leaders especially within Ghana to embark on proper and rigorous sensitisation and public education. This when done properly will create the needed awareness of the CHY Mall business model and nature.
Once again, we urge all members and leaders to not bring repeated issues and look for more than one Customer Care at any given time. They will not handle any of the same issues posted by the same members/leaders to more than one Customer Care.
It is also extremely important to mention, the need for all customers to manage and take very good care of their CHY MALL accounts as the company is not responsible for any loss of property in the CHY MALL due to the carelessness of any CHY members. (Easy login and transaction passwords being used and disclosure of usernames and login and transaction passwords to the third party)
Please trade in CHY Mall with care and within own limit. Do not blame others at all. We are never an investment company and rightly so, never will be. We are just an E-Commerce company that provides awesome New Retail Trading Concept. This is a wonderful and lifetime opportunity partnering with CHY Mall.
Kindly not hesitate to forward your issues through WHATSAPP texts to the appropriate Customer Service numbers so it can be resolved promptly.
We always appreciate your all-round efforts and co-operation.
God bless all of us.
Growing and learning together with CHY MALL.
Thank you.
We are always stronger together,
CHY CENTURY HENG YUE GROUP LIMITED, ACCRA GHANA.
The abovementioned final interpretation rights belong to the CHY MALL MANAGEMENT.
Yours sincerely,
CHY CENTURY HENG YUE GROUP LIMITED, ACCRA GHANA.
COMMUNIQUE 30.1
DATE: 14 JANUARY 2021
(FRENCH VERSION)
