ZTE Reissue Announcement: Measures Taken to Comply with Refusal Order

ZTE Corporation issued an announcement today evening that, in response to the US refusal to activate, the company is taking steps to comply with the refusal order, and is actively communicating with related parties and seeking solutions. In the announcement, ZTE Corporation stated that it has absorbed past export controls. Lessons from compliance, attach great importance to export control compliance, and regard compliance as the cornerstone of the company's strategy and the premise and the bottom line of the business.

ZTE stated that it has also established a Compliance Management Committee under the direct leadership of the President; established a global team of senior export control compliance experts; built and optimized ZTE's export control compliance management framework, systems and processes; introduced and implemented SAP Trade Compliance GTS; cooperates with independent compliance auditors in all aspects of supervision; and continues to invest in export control compliance.

ZTE is taking steps to comply with the refusal order and is actively communicating with related parties and seeking solutions.

Previously, ZTE held a press conference. ZTE Chairman Yin Yimin and ZTE executives attended the meeting. Yin Yimin stated that such sanctions will immediately put the company into a state of shock. 'The company will not give up its efforts to solve problems through communication and dialogue, but also determined By all legal means to safeguard their own legitimate rights and interests. 'Yin Yimin once said.