PANews reported on December 16th that Zhou Hongyi, founder and chairman of 360 Group, issued a statement on December 16th: Recently, Yu Hong maliciously defamedPANews reported on December 16th that Zhou Hongyi, founder and chairman of 360 Group, issued a statement on December 16th: Recently, Yu Hong maliciously defamed

360 Group: Yu Hong's claims of "financial fraud" are completely contrary to the facts.

PANews reported on December 16th that Zhou Hongyi, founder and chairman of 360 Group, issued a statement on December 16th: Recently, Yu Hong maliciously defamed Mr. Zhou Hongyi, founder of 360 Group, and several entrepreneurs in multiple WeChat groups. Her statements were extremely false and had a negative impact. 360 Group takes this matter very seriously and hereby issues the following solemn statement: 1. Upon investigation, Yu Hong previously served as the head of Gamewave, a game company that was acquired more than ten years ago by Qihoo360, the original US-listed entity of 360. Yu Hong joined a subsidiary of 360 Group in 2014 and left in 2015 for personal reasons. During her tenure, she never held a core management position within 360 Group. 2. Yu Hong's claims of "financial fraud" are completely contrary to the facts. 360 Group has always adhered to compliant operations, strictly abided by national laws and regulations and securities market rules, and regularly underwent audits by authoritative institutions. Its finances are open, transparent, healthy, and compliant. Third, in response to Yu Hong's malicious defamation of 360 Group, its founder Mr. Zhou Hongyi, and related entrepreneurs, 360 Group will take legal measures to pursue her legal responsibility in accordance with the law and resolutely safeguard the company's reputation and legitimate rights and interests.

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