On the evening of April 4 (Beijing Time), 360 Company announced that its founder, Zhou Hongyi, has amicably divorced his wife.
360 revealed that on April 4th, 2023, Mr. Zhou Hongyi and Ms. Hu Huan had reached an agreement to dissolve their marriage and made arrangements concerning the division of shares.
According to the divorce agreement signed by Mr. Zhou Hongyi and Ms. Hu Huan, Mr. Zhou plans to transfer 446,585,200 shares he directly holds in the company (approximately 6.25% of the company's total shares) to Ms. Hu Huan.
360 stated that this change in equity would not lead to any alteration in the company's controlling shareholder or actual controller and would not involve a change in the company's control.
Following the equity change, Zhou Hongyi and his concerted action persons will hold a total of 3,671,440,546 shares in 360 Company, maintaining a shareholding ratio of over 51%.
Before the equity change, Ms. Hu Huan did not hold any shares in the company. After the change, she plans to hold 446,585,200 shares, representing approximately 6.25% of the company's shares.
The announcement disclosed that the actual controller, Zhou Hongyi, and his concerted action persons have no plans to reduce their holdings in the listed company's shares within the next 12 months. Ms. Hu Huan does not intend to increase or decrease her holdings in the listed company's shares within the next six months.
Since Ms. Hu Huan does not hold any positions in 360 Group or its subsidiaries, this change will not have any substantial impact on the company's operations and management.
As of the close of trading today, 360 Company's stock price increased by 4.58%, with a market value of approximately $209 billion. The stock price has doubled since March, bringing the value of the transferred shares to nearly $1.3 billion.
