Zhou Hongyi responded to the transfer of Nezha's capital increase rights for 0 yuan: 360 is not bad money

On June 29, 2019, according to the first financial report, for the transfer of the equity of Hezhong New Energy Automobile Co., Ltd. at 0 yuan, Zhou Hongyi, chairman and CEO of 360 Safety Technology Co., Ltd., said that the reason for the transfer was to allow entrepreneurs to start a business.The team has gained the leadership of the company, and there are still about 20 billion cash in the 360 ​​account, so there is no problem of running out of money.

"Nezha Auto is a start-up company, and the development of the company should be led by the entrepreneurial team, not completely dominated by capital. However, Nezha's entrepreneurial team has too few shares, so we transferred the amount of capital increase to the entrepreneurial team." Zhou Hongyi said .

360 announced on the 26th that 360 (Beijing) Private Equity Fund Management Co., Ltd., a wholly-owned subsidiary of the company, plans to hold a registered capital of 79.9944 million yuan in Nezha Auto (without actual investment), corresponding to Nezha Auto 3.53 % of the equity was transferred to Jiaxing Xinzhu Equity Investment Partnership (Limited Partnership) and Shenzhen Jingcheng Open Enterprise Management Center (Limited Partnership), and the transfer consideration was 0 yuan.After the transfer is completed, 360 still holds 11.43% of Nezha Auto (corresponding to a registered capital of 259 million yuan).