Sou Hu Cai Jing·2025-12-12 05:45Core Viewpoint - ZTE Corporation announced a plan to repurchase its shares worth between 1 billion to 1.2 billion yuan following a significant drop in its stock prices on both A-share and Hong Kong markets [1][3]. Group 1: Share Repurchase Announcement - The company plans to use its own funds to repurchase A-shares through centralized bidding, with a total repurchase amount not less than 1 billion yuan and not exceeding 1.2 billion yuan [3]. - Based on the upper limit of 1.2 billion yuan and a maximum repurchase price of 63.09 yuan per share, the estimated number of shares to be repurchased is approximately 19.02 million, accounting for about 0.40% of the total share capital [3]. - If calculated with the lower limit of 1 billion yuan, the estimated repurchase shares would be around 15.85 million, representing about 0.33% of the total issued shares [3]. - The repurchase period is set to be within 12 months from the date of the board's approval of the repurchase plan [3]. Group 2: Stock Price Movement - On December 11, ZTE's A-shares and Hong Kong shares experienced significant declines, with A-shares closing at 37.82 yuan per share, down 10%, and Hong Kong shares at 27.50 HKD per share, down 13.08% [3][4]. - As of December 12, ZTE's Hong Kong stock price showed signs of recovery, rising to 28.08 HKD per share, an increase of 2.11%, while A-shares still fell by 0.32% [5]. Group 3: Compliance and Legal Matters - The company acknowledged media reports regarding its involvement in a compliance investigation related to the U.S. Foreign Corrupt Practices Act and is in communication with the U.S. Department of Justice [4]. - ZTE emphasizes its commitment to strengthening its compliance system and maintaining a zero-tolerance policy towards corruption [4]. - The company asserts that its production and operations remain normal despite the ongoing investigation [4].