Read the below paragraph and answer the following questions;

Every substance has some magnetic properties associated with it. The origin of these properties lies in the electrons. Each electron in an atom behaves like a tiny magnet. The magnetic strength depends on the number of unpaired electron possessed by the element. On the basis of their magnetic properties, substances can be classified into five categories: (i) paramagnetic (ii) diamagnetic (iii) ferromagnetic (iv) antiferromagnetic and (v) ferrimagnetic.

Which among the following statement is correct?

On heating, ferrimagnetic substances lose ferrimagnetism.

On heating ferrimagnetic substances changes to paramagnetic substances.