Shang Hai Zheng Quan Bao·2025-08-05 18:02Core Viewpoint - ZTE Corporation has successfully issued RMB 3,584 million zero-coupon convertible bonds, which are set to mature in 2030, and will be listed on the Hong Kong Stock Exchange [1][3]. Group 1: Bond Issuance Details - The company has applied for the approval of the issuance of RMB 3,584 million zero-coupon convertible bonds, which will be settled in US dollars and are expected to be listed and traded starting August 6, 2025 [1]. - The bonds will only be issued to professional investors as defined by the Hong Kong Stock Exchange's listing rules [1]. - The total principal amount of RMB 3,584 million has been successfully issued as of August 5, 2025, with net proceeds expected to be approximately USD 494.30 million (equivalent to about RMB 3,543 million) after deducting fees and expenses [4]. Group 2: Use of Proceeds - The company plans to utilize the proceeds from the bond issuance to enhance its research and development investments in computing power products [4]. Group 3: Regulatory Compliance - The company will timely fulfill the relevant filing procedures for the bond issuance in accordance with the rules of the China Securities Regulatory Commission [5].