Home Business 360 Announcement: Transfer of Part of the Equity of Nezha Auto

360 Announcement: Transfer of Part of the Equity of Nezha Auto

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Source: Caijing NetworkAuthor: Yan Qi2022-06-26 18:52

Introduction

360 issued an announcement, in order to optimize the target company’s equity structure, improve the target company’s governance mechanism, in line with the long-term cooperation and development purpose of mutual benefit and win-win between the two parties, the company plans to hold the registered capital of Hezhong New Energy Automobile Co., Ltd. 79,994,371.67 yuan (not actual investment)

On the evening of June 26, 360 issued an announcement that in order to optimize the shareholding structure of the target company, improve the governance mechanism of the target company, and for the purpose of long-term cooperation and development of mutual benefit and win-win between the two parties, it is planned to hold the company in Hezhong New Energy. Automobile Co., Ltd. has a registered capital of RMB 79,994,371.67 (without actual capital contribution), corresponding to the transfer of 3.5320% equity of Nezha Auto to Jiaxing Xinzhu Equity Investment Partnership (Limited Partnership) and Shenzhen Jingcheng Open Enterprise Management Center (Limited Partnership).

The announcement shows that 360 has participated in two rounds of investment in Nezha Auto. The B round investment of 900 million yuan has been paid on May 31, 2021, and the first round of D1 investment of 1 billion yuan has been paid on October 27, 2021. The accumulative paid-in investment is 1.9 billion yuan. After the completion of the equity transfer, 360 still holds 11.4266% equity of Nezha Auto.

In April 2022, Nezha Auto sold 9,004 vehicles through terminals; in May, Nezha Auto delivered 11,009 vehicles, a year-on-year increase of 144% and a month-on-month increase of 24.9%.

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360 Company previously stated that the investment in Nezha Auto has a far-reaching strategic purpose, that is, to take the safety of intelligent and connected vehicles as the cornerstone, and to empower its accumulation and experience in digital security fields such as network security, intelligent hardware security, and Internet of Vehicles security. Zha Auto, and relying on the in-depth strategic cooperation between the two parties, further in-depth research on the safety of intelligent networked vehicles, so as to better provide safety services for car companies and industry chain partners.

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