360's Controlling Shareholder Liquidation and Shareholder Changes

TapTechNews August 2nd news, 360 announced in a public notice that the controlling shareholder, Tianjin Qixin Zhicheng, decided to liquidate. After the liquidation, the largest shareholder of 360 will change from Qixin Zhicheng to Zhou Hongyi. During the dissolution and liquidation of Qixin Zhicheng, Mr. Zhou Hongyi promised not to reduce his holdings of 360 shares within 12 months.

In response, Zhou Hongyi said, 'As the founder and chairman, he has not sold a single share since 360 went public, and will go along with the company, make 360 well, and unswervingly stand on the front line of safeguarding the national network security on the road of serving the country.'

As known to TapTechNews, with the dissolution and liquidation of Dongqi Xinzhicheng Technology Co., Ltd., the 46.14% shares of 360 held by it will be distributed to major shareholders through non-trading transfer. Therefore, Zhou Hongyi's direct shareholding ratio increased from 5.24% to 13.26%, becoming the largest shareholder of the company. In addition, the direct shareholding ratio of Tianjin Xinxin Sheng Equity Investment Partnership (Limited Partnership) increased from 0 to 6.06%.