360 Group: Yu Hong has never held a core management position at 360, and the allegations of "financial fraud" are completely contrary to the facts.

According to Mars Finance, Zhou Hongyi, founder and chairman of 360 Group, issued a statement: 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. The statement pointed out that Yu Hong, mentioned in the statement, was formerly the head of Gamewave, a game company acquired more than ten years ago by Qihoo 360, the original US-listed entity of 360. Yu Hong joined a 360 subsidiary in 2014 and left in 2015 for personal reasons. During her tenure, she never held a core management position within 360 Group. 360 Group emphasized that the accusations of so-called "financial fraud" are seriously contrary to the facts. Regarding the malicious defamation, 360 Group stated that it will take legal action to hold the relevant personnel accountable and resolutely safeguard the company's reputation and legitimate rights. Previously, it was reported that Yu Hong, a former 360 executive and founder of XMAX, fiercely criticized Zhou Hongyi, founder of 360 Group, in her WeChat Moments and groups late at night. He claims to have helped Zhou Hongyi falsify accounts worth at least several billion yuan and possesses the data, which he will release online. He states that all of Zhou Hongyi's games are financially fraudulent. He also says that knowing Zhou Hongyi was a huge mistake, as he was swindled out of a lot of money by him.