The founder of Insta360 spoke out early in the morning to seek justice. All his personal salary was used to repay interest.

According to NetEase Technology reports, on August 14, under the dual background of the current A-share market downturn and financial anti-corruption. Liu Jingkang, the founder of Insta360, published a long article in Moments, clarifying in detail some sensitive issues during the company's IPO process, and expressed his firm confidence in the company's future development and the rise of China's intelligent manufacturing.

Liu Jingkang said: "After the on-site inspection in 2022, I have not received any regulatory dissuasion. I do not seek approval, only a fair characterization. Don't let the 2,000 90s who really want to make the world aware of China's intelligent manufacturing and the rise of technology through technology." "

Liu Jingkang said that he understood the cautious attitude of regulators towards problematic companies in the current environment, but he emphasized that this was not the case at Insta360 and promised to voluntarily resign as a sign of truth. Responsible.

In addition, Liu Jingkang also revealed that because the company is in a rapid development stage, almost all of his personal salary is used to repay interest, and the annual interest expense is as high as seven figures. In the nine years since its establishment, Insta360's cumulative profits have reached ten digits, but it has not paid dividends so far. Even though it was unable to implement equity incentives due to policy restrictions during the IPO, the company still awarded an additional US$3 million to core talents in recognition of their contributions.

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