Network Qin said the audit annual report will be announced as soon as possible

Recently, NetQin released an open letter acknowledging that the company had disappointing issues in the timing of the publication of the annual report and related communications. There was no adequate work done at the communication level to provide continuous service to investors. However, the company also stressed that NetQin is working hard to complete the financial audit in 2013 and the annual report will be announced soon, and is determined to make every effort to reshape the capital market's trust in NetQin.

On July 4, NetQin announced that Han Ying, former chairman of the Audit Committee, would leave his job and Yao would take over his job. Some analysts believe that this move will promote a net Qin reported. Yesterday, the latest report of the United States short mechanism muddy water cloth, said Qin is still misleading investors intended to delay the departure of Han Ying and PricewaterhouseCoopers asked to expand the audit of NetEase financial 2013, the purpose is to provide protection for insiders illegal Sell ​​Qin shares of the network opportunities. NetQin subsequently responded that muddy water accusations are pure speculation, not fact.

The following is an open letter:

Hello everyone,

NetQin IR (Investor Relations Department) today's news marks the opening of a new chapter of Net Qin mobile. We recognize that in the past three months we have had a series of unexpected disappointments in the timing of the publication of the annual report and related communications. From the perspective of communication, in the past few months, we have not done enough to provide continuous service to investors. At this moment, the crucial and important upgrade to the capital market is taking place around the independent investigation led by the special committees and the annual financial audits controlled by our independent auditing. The annual report will soon meet with you. What needs to be emphasized is that the independent process of these things is not controlled by NetQin, and this can also serve as a reason for why communication with the market appears to be limited.

However, today's NetQin IR synchronization signals that we are beginning to make up our mind to renewing our regular updates with investors:

1. With the help of Sherman Law Firm and Deloitte Touche Tohmatsu, NetQin completed an exhaustive and extensive independent survey conducted by senior partners of Sherman Law Company, a globally acclaimed company in the United States, led by Deloitte Touche Tohmatsu Consulting firm to assist in the investigation. Their press release, dated June 4, 2014, details the findings of the investigation into the allegations of muddy water and as a result, any allegations of fraud and crimes indicated by muddy water are null and void: the cash flow of NetQin was clearly confirmed NetQin's revenue has passed the test and confirmed with the reported results and documents consistent network Qin partnership and business relations have been confirmed, NetQin and accessible and business contacts have been carefully examined, the investigation team found that through the easy Datong's customer cash flow and revenue can be verified, and the results of the same network Qin announced. The allegations of muddy water and many bloggers and other short sellers are totally wrong. Network Qin will continue to be confident that the platform for business, platform strategy and network Qin earnings reporting work.

2. Although the timing of the independent investigation and the upcoming annual audit distracted NetQin's employees, employees and management remained committed to product development and service. Net Qin as a business well. Network Qin platform for the work of the strategy so that Qin is well positioned in the mobile Internet environment, which consumers and businesses is the most important and rapidly growing market, network Qin will begin to provide the market for a variety of consumer More consistent upgrades to corporate business and services to investors.

3, there are many ways in front of Qin. Network Qin has a huge company, a large number of global employees, and a strong future. The recent period of very difficult, but there are many ways in front of Qin. Network Qin, Qin network of the board of directors and the management of network Qin is for further development and hard work for the interests of shareholders.

Qin is working hard to complete the 2013 financial audit.

Network Qin is trying to continue to expand network Qin business.

Net Qin determined to make every effort to reshape the capital market trust Qin.

NetQin will focus on this difficult period, until the completion of the annual audit, and through e-mail and blogs and other means of communication, to re-open network Qin business updates and communication.

At the same time, our business development is gaining momentum.

Network Qin Investor Relations Department

July 7, 2014