360 Group: Yuhong's remarks such as "financial fraud" are completely contrary to the facts.

Founder and chairman of 360 Group, Zhou Hongyi, released a statement on December 16th: Recently, Yuhong has been maliciously slandering Mr. Zhou Hongyi, founder of 360 Group, and several entrepreneurs in multiple WeChat groups, using extreme and false language, causing serious negative effects. 360 Group takes this matter very seriously and hereby makes the following stern declaration: 1. After investigation, Yuhong used to be the head of Gamewave game company, which was acquired by the former US-listed entity of Qihoo360, the main body of 360 Group more than ten years ago. Yuhong joined a subsidiary of 360 Group in 2014 and left one year later in 2015 due to personal reasons. During his time there, he never held a position in the core management of 360 Group. 2. Yuhong's allegations of "financial fraud" are completely contrary to the facts. 360 Group has always adhered to compliance in its operations, strictly abiding by national laws and regulations as well as securities market rules. The company regularly undergoes audits by authoritative institutions, ensuring financial transparency, health, and compliance. 3. In response to Yuhong's malicious defamation against 360 Group, founder Zhou Hongyi, and related entrepreneurs, 360 Group will take legal actions to hold him accountable and vigorously defend the company's reputation and legal rights. The online space is not above the law. 360 Group calls on the general public and all sectors of society to work together to uphold a clean online environment, refrain from spreading rumors, and collectively build a civilized, rational, and healthy online ecosystem.