Stock Code (A/H): 000063/00763 Stock Abbreviation (A/H): ZTE Corporation Announcement No.: 202613 ZTE Corporation Resolution Announcement of the 21st Meeting of the 10th Board of Directors The Company and all members of the Board of Directors guarantee the content of this resolution announcement is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions. ZTE Corporation (hereinafter referred to as the "Company" or "this Company") issued the "Notice of the 21st Meeting of the 10th Board of Directors" to all directors of the Company via email on February 15, 2026. On March 6, 2026, the 21st Meeting of the 10th Board of Directors of the Company (hereinafter referred to as the "Meeting") was held via video conference at the Company's Shenzhen headquarters and other locations. The Meeting was presided over by Ms. Fang Rong, Chairperson of the Board. Nine directors were required to attend, and nine directors were present. The convening of this Meeting complies with relevant laws, administrative regulations, departmental rules, and the "Articles of Association of ZTE Corporation" (hereinafter referred to as the "Articles of Association"). The Meeting is legal and valid. The following proposals were considered and approved at the Meeting: I. The "2025 Annual Work Report of the Board of Directors" was considered and approved, and it was agreed to submit this report to the shareholders' meeting for deliberation. Voting results: 9 votes in favor, 0 votes against, 0 abstentions. Detailed content can be found in the "Board of Directors' Report" section of the "2025 Annual Report" published on the same day as this announcement. II. The "Full Text of the 2025 Annual Report, Summary, and Performance Announcement" was considered and approved, and it was agreed to submit the "2025 Annual Report" to the shareholders' meeting for deliberation. Voting results: 9 votes in favor, 0 votes against, 0 abstentions. This proposal has been reviewed and approved by the Company's Board of Directors' Audit Committee. Detailed content can be found in the "2025 Annual Report" published on the same day as this announcement. III. The "2025 Financial Final Accounts Report" was considered and approved, and it was agreed to submit this report to the shareholders' meeting for deliberation. Voting results: 9 votes in favor, 0 votes against, 0 abstentions. This proposal has been reviewed and approved by the Company's Board of Directors' Audit Committee. IV. The "2025 President's Work Report" was considered and approved, and it was agreed to submit this report to the shareholders' meeting for deliberation. Voting results: 9 votes in favor, 0 votes against, 0 abstentions. V. The "Proposal on Authorizing the Company to Issue Corporate Bonds in 2026" was considered and approved, and it was agreed to submit this proposal to the shareholders' meeting for deliberation. The resolution content is as follows:
- Approval is granted for the Company to be authorized to issue corporate bonds in 2026. The main elements of the bond issuance are as follows: (1) Issuer: ZTE Corporation (2) Types and Tenors of Bonds: The types of bonds include, but are not limited to, single-tranche or multi-tranche corporate bonds issued on the stock exchange. The specific tenor structure and issuance size for each tenor will be determined based on relevant regulations and market conditions. The issuance size of each type of corporate bond shall not exceed the limit that the Company is permitted to issue for such bonds according to relevant regulations of the state and regulatory authorities. (3) Issuance Size: Not exceeding RMB 8 billion. (4) Issuance Method: Issuance may be conducted in one or more tranches, through public or private offerings. The specific issuance method will be determined by the Company based on market conditions. (5) Use of Proceeds: To repay maturing debts, supplement working capital, and for other purposes that comply with national laws, regulations, and regulatory requirements.
- The shareholders' meeting is requested to authorize the Board of Directors to make full decisions and handle all matters related to the issuance of corporate bonds according to the Company's specific needs and market conditions within the validity period of the authorization, including but not limited to: (1) Determining matters related to the issuance of corporate bonds, including but not limited to the specific types of bonds, issuance