360 clarification announcement: Zhou Hongyi will not reduce his shares in the company in the next 12 months and Hu Huan in 6 months.
CTOnews.com news on April 6, according to the recent announcement issued by 360, the company recently received notice from Mr. Zhou Hongyi, the actual controller of the company, and learned that on April 4, 2023, Mr. Zhou Hongyi and Ms. Hu Huan had gone through the formalities of dissolution of their marriage relationship and made relevant arrangements for the division of shares. According to the divorce Agreement signed by Mr. Zhou Hongyi and Ms. Hu Huan, Mr. Zhou Hongyi intends to divide his direct holding of 446585200 shares of the company (accounting for about 6.25% of the total shares of the company) to Ms. Hu Huan. This change of rights and interests will not lead to a change in the controlling shareholder and the actual controller of the company, and does not involve the change of the control of the company.
In another clarification announcement issued on March 60 today, both Zhou Hongyi and Hu Huan explicitly promised that Zhou Hongyi, as the actual controller of the listed company, promised not to reduce his 360 shares within the next 12 months from April 4, 2023. As a major shareholder holding more than 5% of the shares of a listed company, Ms. Hu Huan promised not to reduce her 360 shares for the next six months from April 4, 2023; even if there are plans for the next 6-12 months, the number of shares to be reduced will not exceed 1.25% of the company's total share capital, and will maintain a majority shareholder with a shareholding ratio of no less than 5%. If there are relevant plans or changes in rights and interests, the relevant approval procedures and information disclosure obligations will be carried out in strict accordance with the requirements of relevant laws and regulations.
CTOnews.com Note: the share price of 360 Company closed at 20.08 yuan per share on April 4. Based on this calculation, the value of the 446585200 shares split by Zhou Hongyi from divorce reached 8.97 billion yuan.
