Reconciliation reached! ZTE firm steady Zhiyuan | Adhere to the road of independent innovation

In the early hours of June 12th, Beijing time, the US Department of Commerce website linked details of the ZTE lifting of the ban. Previously, U.S. Secretary of Commerce Ross announced on the 7th that it had reached a new settlement agreement with China’s ZTE Corporation. On the same day, the Ministry of Commerce issued a statement that Ross had the same day. Announced that ZTE has agreed to pay fines and take compliance measures to replace the previous ban imposed by the US Department of Commerce on the company’s procurement of parts and components from US suppliers. The statement pointed out that according to the new settlement agreement, ZTE Corporation paid a fine of 1 billion U.S. dollars. Prepare 400 million U.S. dollars for safekeeping by a third party before the U.S. Department of Commerce will remove ZTE Corporation from the ban list.

As one of the world’s leading integrated communication solution providers, ZTE has maintained a good cooperative relationship with many U.S. suppliers and provided support for nearly 130,000 high-tech jobs in the United States. Experts pointed out that ZTE and many U.S. companies With close cooperation, the U.S. government’s export control measures for ZTE will cause Qualcomm, Intel and other ZTE suppliers in the United States to suffer losses as well.

Past experience guide for the future

In the early morning of June 8, a letter from ZTE to all employees wrote: “The occurrence of this incident, according to the conclusions of the current internal and external investigations, the direct cause is caused by the work negligence of a few cadres and employees. However, we must deeply understand that its substance reflects the company’s problems in the compliance culture and management. We must organize a large number of cadres and employees to re-settle and reflect on the incident, learn from it, and earnestly hold it accountable. A similar situation has occurred. We must strengthen our compliance culture, further strengthen internal control, improve the company's compliance system, and always regard compliance as the cornerstone of strategic development.'

Since the occurrence of the incident, as an important global high-tech enterprise in the global ICT industry chain, ZTE has faced a severe supply chain crisis, which has placed the company in a very difficult situation. Even so, ZTE has not forgotten to abide by the development of compliance. Bottom Line. In the first instance when the refusal order was learnt, the company issued a code of conduct to be followed in the event of an activation refusal order. It strictly enforced the EAR control and required all employees to firmly adhere to the compliance baseline and practice the world-class export control compliance company. The standard.

In accordance with the requirements of BIS, the company established a complete compliance system for export control. ZTE Corporation established a compliance management committee; established a global team of senior export control compliance experts; introduced a number of world-class consultants to provide professional guidance and build And optimize ZTE's export control compliance management framework, systems, and processes; introduce and implement SAP's Trade Compliance Management Tools (GTS); organize compliance training for more than 65,000 employees; and fully coordinate with the US-appointed independent compliance auditor Real-time and transparent supervision of ZTE's implementation of relevant agreements with the U.S. government and compliance construction of export controls, providing more than 132,000 pages of documents. In 2017 alone, ZTE invested over 50 million U.S. dollars for export control. Compliance project, and plans to invest more resources in 2018 to lay the foundation for the sustainable and steady development of its international operations in the future.

Since the agreement was signed in March 2017 with various departments of the U.S. government, ZTE has completed the construction of compliance management from ideology and culture to implementation. The company has fully implemented the GTS system and organized over 65,000 employees to train in 2017 alone. Investment more than 50 million US dollars.

In addition to the tremendous progress made in compliance construction, ZTE's performance has also made a big difference. Especially in the first quarter of 2018, ZTE has achieved a trend of contrarian growth. Looking at ZTE's financial report data for the first quarter of this year , Without considering the impact of the US refusal, ZTE achieved operating income of RMB 28.88 billion in the first quarter of 2018, an increase of 12.18% year-on-year, and realized a net profit attributable to the common shareholders of listed companies of RMB 1.687 billion, a year-on-year increase of 39.01. %, is the quarterly performance of ZTE since its listing in 1996.

Focus on scientific research and fully reinforce the foundation

Since its establishment 33 years ago, ZTE has always adhered to the business philosophy of “taking customer as the center and taking technology leadership as its mainstay.” Because of this insistence, ZTE has captured the communications industry one after another in more than 30 years of development. A series of major opportunities, continuously resolve risks and challenges, and realize the process of survival, development, and surpassing. Historically, ZTE has experienced setbacks and ebbs on more than one occasion. However, ZTE has never stopped investing in innovation. ZTE has more than 30,000 The R&D personnel has an annual R&D investment of over 10 billion yuan. Since 2010, the cumulative R&D investment amount has exceeded 70 billion yuan, ranking first among A-share technology listed companies.

ZTE Corporation takes the “5G Pioneer” as its banner. In recent years, it has made significant progress in 5G R&D investment, standard influence, and market expansion. Global communications is undergoing a process of transformation from the LTE era to the 5G era. It is based on its own. With strong 5G technology accumulation and industry influence, ZTE can ensure that it will occupy the status of the mainstream player in the follow-up development. ZTE Corporation, as the fourth largest global telecommunication equipment supplier, is not only a representative enterprise in the field of communications technology in China's science and technology, but also a 5G technology driver. The backbone of the company. ZTE currently has established a wireless R&D team with more than 4,500 employees. It invests 3 billion yuan of special funds each year for 5G R&D. Combined with SDN's 5G bearer network and cloud-based 5G core network based on SBA architecture, ZTE Communications already has the ability to provide end-to-end 5G technology solutions. At the same time, ZTE is an important participant in the formulation of 5G standards. The data shows that ZTE's 4G LTE standard has more than 815 necessary patents, accounting for more than 13% of the world's total, and 5G strategic layout patents worldwide. More than 2,000.

ZTE's global 5G network deployment scale is also one step ahead. As of the end of 2017, ZTE has deployed more than 110 Pre5G networks in more than 60 countries around the world, and announced the world’s first Gigabit mobile phone in 2017 on the MWC. By the end of March this year. ZTE opened the first domestic 5G phone in Guangzhou, which laid an important milestone for the world's 5G development.

'Promises must be kept and action must be resolute'

In a letter to all employees in the early morning of June 8, ZTE stated that in the past 50 days, the company’s 80,000 employees worldwide have united their thinking, united, and held their posts, which fully reflects the strong and Responsibility reflects the spirit of being remorseless and brave in the face of difficulties. '

The company's 80,000 employees have always been united, and they stick to their positions. The backbone R&D, sales, delivery, and engineering services teams are in good condition. ZTE R&D capability is unaffected, R&D team is stable, cohesiveness is improved, technology is leading, and continuous innovation is achieved. Multiple representative offices, tens of thousands of sales, MKT, and engineering service team personnel are stable, maintain and operate more than 600 existing networks around the world, and the ability to serve 1 billion users is unaffected; under strict compliance, the market team The company has the ability to be ready for delivery and development of project engineering services at any time. The production staff of ZTE's supply chain are stable and their capabilities are unaffected. They can quickly resume production and delivery.

Although the refusal order caused ZTE to suffer huge losses, the core competitiveness of the company's survival and development has not been affected. A grass-roots employee said: 'The office is still busy figure: organize reports, receive e-mails, learn together We have an ordinary face in front of the computer, sometimes serious and sometimes smiling. These we have become accustomed to, we love every detail of our work. 'Overseas employees have said: 'The country is strong, the enterprise is thriving, and the local people are ours.' I like this. I sincerely hope that ZTE will be able to spend peacefully and continue to write praise. 14 years of ZTE veterans said: 'I would like to spend time with the company in any way.' ZTE employees also expressed their commitment to the company. Support, therefore, ZTE Corporation is also confident to keep its promise and continue to fulfill its responsibilities and obligations to employees, customers and shareholders.

This incident will objectively promote ZTE's more stringent efforts in building export control compliance, which will help create a new, better, healthier and more trustable Zhongxing Zhongxing. The future ZTE will carry out a steady and long-term journey, and create a new era of China's high profile. The brilliance of technology companies.

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