360 Security Technology revamps governance, proposes interim dividend

360 Security Technology has announced the cancellation of its board of supervisors and corresponding amendments to its Articles of Association, with the functions of the board of supervisors to be transferred to the board's audit committee. This decision, approved by the seventh board of directors on August 25, 2025, aims to streamline governance and is subject to shareholder approval. Concurrently, the company is proposing a semi-annual profit distribution of 1.00 yuan per 10 shares (tax inclusive), totaling 699,955,787.90 yuan based on the current share capital. This payout, approved by the audit committee and the board, will not include bonus shares or conversion of capital reserves.

In related announcements, the company details the actual use of raised funds, with 4,838,671,590.97 yuan in net proceeds. As of June 30, 2025, unused raised funds amount to 1,749,711,201.18 yuan, including investment income. The company is managing idle raised funds through large-denomination certificates of deposit totaling 92,379.00 yuan with China Merchants Bank. Furthermore, 360 Security Technology's "Quality Improvement and Return Enhancement" action plan for 2025 emphasizes leveraging AI and security strategies, with advancements in its "Nano AI Search" and "360 Smart Brain" technologies, alongside sustained growth in member services revenue.