A responsible person at 360 has responded to former board secretary Zhang Fan’s public demand for the fulfillment of equity incentive rights, stating that Zhang Fan herself is a professional lawyer who deeply participated in and even led the design of the transaction structure and rules at the time, and knows better than anyone whom to claim rights from. The person said that if Zhang Fan believes her demands have not been resolved, the most direct and effective approach is to pursue legal proceedings and let the court adjudicate, and the company supports her in resolving the dispute according to law. Previously, Zhang Fan publicly posted that she has been away from 360 for seven years and still has an equity incentive entitlement of approximately 26.49 million yuan that has not been paid, and said that after multiple unsuccessful communications, she recently found herself blocked by founder Zhou Hongyi.
360 Security Technology IncFormer board secretary claims unpaid equity incentives; company supports legal resolution, creating legal uncertainty.