360 gave up the capital increase of Nezha Auto, Zhou Hongyi responded

According to the "China Entrepreneur" report, Zhou Hongyi, chairman and CEO of 360 company, responded to the matter of "giving up the capital increase in Nezha", saying that Nezha Auto is still a startup company and needs to let the founder team lead the company Development, not completely capital-led, but now the founder team has too little equity. The positioning of 360 is also to support and assist the team.

360 announced on June 26 that it planned to invest a total of 2.9 billion yuan in Nezha Auto with its own funds. According to the signed Equity Transfer Agreement on Hezhong New Energy Automobile Co., Ltd., the company, as a shareholder of Nezha Automobile, enjoys special rights including redemption rights, preemptive rights, and additional investment rights; The capital contribution of 100 million yuan has been paid on May 31, 2021. As of the disclosure date of the announcement, the company still has an unpaid investment of 1 billion yuan, corresponding to a 3.532% stake in Nezha Auto. After deliberation and decision, the company will transfer the equity corresponding to this part of the investment. The registered capital of Nezha Auto transferred this time is 79.9944 million yuan, which is the unpaid registered capital of 360, and the corresponding investment is 1 billion yuan. The transfer price of this transaction is 0 yuan. After the transfer is completed, the transferee will obtain a total of 79,994,400 yuan of registered capital of Nezha Auto and is obliged to pay an investment amount of 1 billion yuan to Nezha Auto.

On June 27, Nezha Automobile announced that the fund of part of the equity transferred by 360 will form a concerted action person with the management team, which is conducive to improving the corporate governance structure, enhancing the control of the management team, and controlling the various aspects of Nezha Automobile. The long-term sustainable operation of the business is more beneficial. At present, Nezha Auto is promoting the industrial and commercial change of this round of financing, and will quickly start the company's shareholding system reform.

After the partial equity transfer of 360, it still holds more than 10% of the shares of Nezha Auto and is an important shareholder of Nezha Auto. The two parties will continue to cooperate in the fields of digital security and intelligent driving safety technology to further ensure the safety of intelligent networked vehicles.

According to the data, from January to May, Nezha delivered a total of 49,974 vehicles, a year-on-year increase of 213%. Nezha Auto said that at present, the monthly order of Nezha U+V has continued to stabilize at more than 15,000 units, and it is still growing. The first product, Nezha S, based on the "Shanhai Platform" developed by Nezha Auto's full-stack, has already started pre-sale for the Yaoshi version. Pre-sale of all models will start in July, and it is expected to be delivered to the market in the fourth quarter.