In the evening of April 24th, ZTE communications supplier issued a announcement that the company was one of the suppliers of ZTE's wholly owned subsidiary of Zhongxing Xunxun. The company proposed to respect the vow of the undelivered equipment and respect the xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx. The right to recourse; respect for the equipment delivered, respect for the intention of ZTE, and recover the original price and refund the collected money.
Ltd. is willing to take on all the pre purchase, equipment discount, transportation and financial costs during the period of the above-mentioned contract change, and promise to give priority to the purchase demand of ZTE's equipment in the subsequent production.
The following is the original announcement:
Shenzhen Jintuo automation equipment Limited by Share Ltd
Announcements on ZTE's business cooperation
All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.
Shenzhen Jintuo Automation equipment Co., Ltd.
1, for the equipment that has not been delivered, our company respects the will of Zhongxing Kang news, temporarily not to deliver, and gives up the contract (contract number: KNA1709-Q10-037G and KNA1802-Q10-034P) default recourse right;
2, for the delivered equipment, our company also respects ZTE's intention to reclaim the original price and refund the collected money.
3, our company is willing to bear all the losses of advance purchase, equipment discount, transportation and financial cost arising from the above contract changes.
4, the company promised to further arrange ZTE's equipment procurement needs in subsequent production.
This is hereby announced.
Shenzhen Jintuo automation equipment Limited by Share Ltd board of directors
April 24, 2018