Zhang Zhi-lin's agent responded to the news that Zhang Zhi-lin had endorsed JPEX, saying that they only recently noticed that Zhang Zhi-lin's portrait was being used by JPEX and felt helpless. Previously, JPEX had invited Zhang to shoot an advertisement and claimed that they were registered overseas and provided proof, so they arranged for the shoot in March last year.
However, in May last year, they learned that JPEX "had been regulated by the China Securities Regulatory Commission" and had notified JPEX in writing that they could not use Zhang's portrait for any advertising promotion until they obtained a license in Hong Kong.
They stated that they would reserve the right to pursue JPEX. After the China Securities Regulatory Commission issued a warning the day before yesterday, according to observations by reporters, many internet celebrities who had previously promoted JPEX, including "Coin Young Master" Huang Zhe-jie, who was arrested for throwing money in Sham Shui Po in 2018, have removed JPEX-related videos from social media platforms and stated on Instagram that they will not publicly promote or mention any trading platforms in Hong Kong that have not applied for a license in accordance with regulations and the China Securities Regulatory Commission's requirements.
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