Stock Code (A/H): 000063/00763 Stock Abbreviation (A/H): ZTE Corporation Announcement No.: 202615 ZTE Corporation Announcement on Proposed Use of Own Funds for Entrusted Wealth Management in 2026 The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions. ZTE Corporation (hereinafter referred to as "ZTE" or "the Company") held the 21st meeting of the 10th Board of Directors on March 6, 2026, and reviewed and approved the "Proposal on the Proposed Use of Own Funds for Entrusted Wealth Management in 2026". While ensuring the needs of daily operating funds and effectively controlling risks, the Company and its subsidiaries are approved to use their own funds for entrusted wealth management, with an investment limit not exceeding RMB 40 billion. This matter still needs to be submitted to the Company's shareholders' meeting for review. The relevant matters are hereby announced as follows: I. Overview of Entrusted Wealth Management
- Investment Objective: While ensuring the needs of daily operating funds, the Company will use its own funds to purchase wealth management products, which is conducive to improving fund utilization efficiency, increasing investment income, and obtaining more returns for the Company and shareholders.
- Investment Amount: Not exceeding RMB 40 billion. The quota can be used on a rolling basis within the authorized period, and the transaction amount at any point in time shall not exceed the aforementioned quota.
- Investment Method: The Company will strictly control risks in accordance with relevant regulations. It will conduct comprehensive evaluations and prudent selection of wealth management products, choosing wealth management products from financial institutions such as banks, securities companies, and fund management companies that have controllable overall risks and suitable liquidity.