ANNOUNCEMENT OF THE APPROVAL OF THE SHARE REFORM PLAN BY THE STATE-OWNED ASSETS SUPERVISION AND ADMINISTRATION COMMISSION OF THE STATE COUNCIL
(a joint stock limited company incorporated in the People´s Republic of China with limited liability)
(Stock Code: 763)
This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
It is hereby announced that Revised Share Reform Plan of ZTE Corporation (the ´´Company´´) has been approved by the State-owned Assets Supervision and Administration Commission of the State Council on 12 December 2005 pursuant to the Approval of the Share Reform Plan of ZTE Corporation (Guo Zi Chan Quan [2005] No. 1512). Following the implementation of the Revised Share Reform Plan, the state-owned legal person shares of the Company previously held by holders of state-owned legal person shares, namely Shenzhen Zhongxingxin Telecommunications Equipment Company, Limited, Lishan Microelectronics Corporation, CASIC Shenzhen (Group) Company, Limited, China Mobile Telecommunications No.7 Research Institute, Shaanxi Telecommunications Industrial Company, Jilin Posts and Telecommunications Equipment Company and Hebei Telecommunications Equipment Company, Limited, shall be granted the right of listing and circulation on the Shenzhen Stock Exchange (subject to the terms of the lock-up).
By Order of the Board
Hou Weigui
Chairman
Shenzhen, PRC
14 December 2005
As at the date of this announcement, the Board of Directors of the Company comprises three executive directors, Yin Yimin, Shi Lirong and He Shiyou; six non-executive directors, Hou Weigui, Wang Zongyin, Xie Weiliang, Zhang Junchao, Li Juping and Dong Lianbo; and five independent non-executive directors, Zhu Wuxiang, Chen Shaohua, Qiao Wenjun, Mi Zhengkun and Li Jin.
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