At noon on July 16, ZTE recently announced that the US Department of Commerce's Industrial Security Administration had terminated the April 15, 2018 refusal order and removed ZTE from the list of banned exporters.
ZTE was previously issued a seven-year injunction by the US authorities. In this ban, ZTE was banned from purchasing all electronic products and related software and service products from the United States, causing ZTE to suspend production for several months.
After completing the conditions set by the US Department of Commerce, ZTE resumed production on July 14, and passed the official micro-representation of 'being confident again!' and its share price has also risen in the past two days.
ZTE official announcement
The following is the original text of the announcement:
ZTE Corporation Announcement on Progress of Major Events
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the information disclosure, and there are no false records, misleading statements or major omissions.
On June 12, 2018, ZTE Corporation (hereinafter referred to as 'the company') issued an agreement on the agreement between BIS and ZTE and the announcement issued by BIS on June 8, 2018 (hereinafter referred to as 'the announcement' Unless otherwise defined, the meanings of the terms used in this announcement are the same as those defined in the Announcement. According to the order issued by BIS on July 13, 2018 (US time) (hereinafter referred to as the 'Rejection Order'), BIS has The termination of the refusal order of April 15, 2018 and the removal of ZTE from the List of Prohibited Exporters shall take effect from the date of the refusal order.
Special announcement.
ZTE Corporation Board of Directors
July 15, 2018