ZTE Corporation issued an announcement yesterday that due to the activation of the refusal order by the US Department of Commerce’s Bureau of Industry and Security, ZTE Corporation applied to the Shenzhen Stock Exchange and the company’s A shares have been suspended since April 18, 2018. The suspension will be maintained.
In April this year, the U.S. Department of Commerce announced that it would ban US companies from selling components, goods, software, and technology to ZTE for seven years until March 13, 2025. In response, ZTE said in an announcement that during the suspension period, the The company was on April 17, 2018, April 2018, April 22, 2018, April 25, 2018, May 1, 2018, May 6, 2018, May 9, 2018. , On May 16, 2018 and May 23, 2018, respectively issued orders concerning the suspension of A shares of the Company, BIS issued orders and related influences, actions taken by the Company and related parties and announcement of the continued suspension of the A shares of the Company.
The following is the full text of the announcement:
As the US Department of Commerce’s Bureau of Industry and Security (hereinafter referred to as 'BIS') activates a refusal order, ZTE Corporation (herein referred to as 'the company') applies to the Shenzhen Stock Exchange and the company's A shares (abbreviation: ZTE Corporation) , Code: 000063) Suspended from the opening of the market on April 17, 2018 and will remain suspended. According to the relevant provisions of the Shenzhen Stock Exchange, during the suspension period of the A shares of the company, an announcement regarding the suspension of trading shall be disclosed at least every 5 trading days. The company was on April 17, 2018, April 2018, April 22, 2018, April 25, 2018, May 1, 2018, May 6, 2018, and May 2018. On the 9th, May 16, 2018, May 23, 2018 and May 30, 2018 respectively issued orders and related influences related to the suspension of the A shares of the company, the BIS, actions taken by the company and related parties, and Notice of the continued suspension of the A shares of the company.
The Company will promptly announce on the websites of the Shenzhen Stock Exchange and the Hong Kong Stock Exchange Limited in accordance with the important progress of the above matters. China Securities Journal, Securities Times, Shanghai Securities News and http://www.cninfo.com //www.cninfo.com.cn) is the designated disclosure media for the company's announcement. Investors are advised to pay attention to the company's follow-up announcement and pay attention to investment risks.
Special announcement.
ZTE Corporation Board of Directors
June 6, 2018