ZTE Corporation
Announcement on the Publication of the 2025 Annual General Meeting Circular and Proxy Form According to the Hong Kong Listing Rules
This announcement is made by ZTE Corporation (the "Company") in accordance with the requirements of the Hong Kong Listing Rules. The Company has published the 2025 Annual General Meeting circular and proxy form on the website of the Hong Kong Stock Exchange (www.hkgexnews.hk).
The Company and its board of directors confirm that the information contained in this announcement is true, accurate, and complete, and does not contain any false records or misleading statements.
The Company will hold its annual general meeting on [blank] at [blank]. Shareholders are encouraged to participate and vote in accordance with the procedures outlined in the circular.
| Item | Description |
|---|---|
| 1 | Proposed allocation of profits for the year 2025 |
| 2 | Approval of the general mandate to issue shares |
| 3 | Approval of the general mandate to repurchase shares |
| 4 | Approval of the issuance of convertible bonds |
| 5 | Establishment of a nomination committee |
| 6 | Notice of the annual general meeting |
III. Proposal for the General Mandate to Issue Shares for the Year 2026
At the annual general meeting held on March 31, 2026, the board of directors proposed to grant the general mandate to issue shares, which allows the company to issue shares not exceeding 20% of the total number of shares in issue as of the date of the annual general meeting.
To ensure that the company can respond to market conditions and raise funds in a timely manner, the board of directors recommends that shareholders approve the general mandate to issue shares. The company will not issue shares exceeding 20% of the total number of shares in issue as of the date of the annual general meeting.
The general mandate to issue shares will remain in effect until the earlier of: (i) the conclusion of the next annual general meeting; or (ii) the expiration of the period for which the general mandate is granted.
Shareholders are advised to refer to the circular regarding the annual general meeting for further details.
IV. Proposal for the General Mandate to Repurchase Shares for the Year 2026
At the annual general meeting held on March 31, 2026, the board of directors proposed to grant the general mandate to repurchase shares, which allows the company to repurchase shares not exceeding 10% of the total number of shares in issue as of the date of the annual general meeting.
The repurchase of shares will be conducted in accordance with the relevant laws and regulations, and the board of directors will determine the timing and method of the repurchase.
The general mandate to repurchase shares will remain in effect until the earlier of: (i) the conclusion of the next annual general meeting; or (ii) the expiration of the period for which the general mandate is granted.