This evening, ZTE’s announcement of the press conference informed the latest progress in the case of the US embargo.
ZTE Corporation stated that the company has formally submitted an application to BIS for suspending execution of the refusal order, and submitted supplementary materials in response to the refusal order according to the BIS guidelines. The company A shares continue to be suspended.
BIS, short for Industrial and Security Administration of the US Department of Commerce, previously issued an embargo against ZTE.
On the previous day, a spokesman of the Ministry of Commerce stated in response to a reporter’s question that during the Sino-U.S. economic and trade consultations held from the 3rd to the 4th, the Chinese side negotiated solemnly with the United States regarding the ZTE Corporation case. The U.S. said that it attaches importance to the Chinese representations and will The president reports on the Chinese position.
Subsequently, ZTE issued another internal employee letter called “Strengthening Confidence and Striving for Shorter Time to Solve the Problem.” ZTE Corporation stated that the company will continue to maintain close communication with all parties and make every effort to solve the problem in a shorter time. The long road also has a long destination. The night is long and there is an end. Let us strengthen our confidence and hopefully welcome the dawn!