ZTE Corporation: The company and its subsidiaries plan to use up to 40 billion yuan of their own funds for entrusted wealth management.

ZTE Corporation announced that the company and its subsidiaries plan to use their own funds for entrusted wealth management, with an amount not exceeding 40 billion yuan. The authorized amount can be rolled over within the authorized period. The investment method is to purchase financial products from banks, securities companies, fund companies and other financial institutions with overall risk control and suitable liquidity. The investment period is from the date of approval by the shareholders' meeting until the next annual shareholders' meeting. This matter has been approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for approval.