Pheim Asset Management (Asia) Pte Ltd (“Pheim Singapore” or the “Company”) has been made aware on 11 August 2026 of a fraudulent advertisement on Tik Tok involving the impersonation of Dr Tan Chong Koay (“Dr Tan”), the Founder, CEO, and Chief Strategist of the Company.

The suspected scammer created a user account under the name of “TAN” and circulated a Tik Tok Reel featuring an AI-manipulated video of Dr Tan. The video falsely claims to invite members of the public to join a WhatsApp Group to receive free information on 1-3 stocks that are allegedly about to skyrocket. This content was created and published without our knowledge or consent. It does not originate from, is not affiliated with, and is not endorsed by Pheim Singapore or any of its representatives. Please refer to the attached screenshot of the Tik Tok post for your reference.

PHEIM’S OFFICIAL STAND:

• Pheim does not produce or distribute investment advice via unofficial social media accounts or manipulated video content.
• Dr Tan does not endorse or participate in advertising any such content outside of Pheim’s official communication channels.
• No investment products or services are promoted by Dr Tan on social media.

WARNING TO THE PUBLIC:  

Pheim strongly advise members of the public to remain vigilant and:

• Be cautious of unsolicited investment advice online or through social media platforms.
• Verify the identity of individuals or organizations before engaging with them or disclosing personal information.
• Avoid schemes promising high returns or urgent limited-time investment opportunities.
• Do not transfer any funds or share personal details with suspicious parties.

If you encounter any suspicious accounts or fraudulent investment offers made in the name of Pheim or Dr Tan’s name, please report them immediately to us and to the appropriate regulatory authorities.