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ZTE: Extension of 2017 Annual General Meeting

via:CnBeta     time:2018/5/9 10:31:26     readed:255

The stock registration date remains unchanged, and the chairman of the company's board of directors is authorized to determine the specific time of the annual general meeting of shareholders and issue relevant announcements in accordance with the laws and regulations and the relevant provisions of the ZTE Corporation's Articles of Incorporation.

Last month, 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 Corporation issued a public notice a few days ago that the company received the guidance of BIS on the procedures for the U.S. Department of Commerce to accept and review the supplementary information submitted by the company. The company expects to provide information to BIS according to the above procedure.

ZTE also stated that since the market opened on April 17, 2018, the Shenzhen Stock Exchange suspended trading and will continue to suspend trading until the company issues a further announcement regarding the assessment of the main impact of the refusal on the company's business and operations.

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