Net Qin response financial delays

Tencent Technology News (Lotte) July 8, NetEase Qin investor relations department announced today that the past three months, net Qin in the annual report on the timing and related communication appeared a series of unexpectedly disappointing problem. From the perspective of communication, in the past few months, we have not done enough to provide continuous service to investors.

NetQin investor relations department said at this time, the capital market is crucial, significant upgrade, is around the independent commission led by a special committee and our independent audit to control the annual financial audit, the annual report soon Meet with everyone. What needs to be stressed is that the independent process of these things is not controlled by NetQin, and this can also serve as a reason to explain why NetQin's communication with the market is limited.

The announcement said that today's network Qin IR synchronization marks the beginning of the network Qin Qin determined to renew the regular updates with investors:

1. With the help of Sherman Law Firm and Deloitte Touche Tohmatsu, NetQin completed an exhaustive and extensive independent survey led by a senior US based Sherman Law Firm partner, led by Deloitte Finance 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.

Network Qin cash flow has been clearly confirmed that the net Qin income has passed the test and confirmed with the reported results and documents consistent network Qin partnership and business relations have confirmed that net Qin and accessible through the relationship and business have gone through Careful inspection, the investigation team found that through the accessibility of customer cash flow and revenue can be verified, and the results of the 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 continued to focus their efforts on 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. Qin before there are many ways. 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.

NetQin investor relations department pointed out that net Qin is working hard to complete the 2013 financial audit, and is trying every means to continue to expand network Qin business. Net Qin determined to make every effort to reshape the capital market trust Qin.

The announcement said, "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."