Guo Ji Jin Rong Bao·2025-12-12 13:41Group 1 - ZTE Corporation announced a share buyback plan using its own funds, with a total amount between RMB 1 billion and RMB 1.2 billion, aimed at implementing an employee stock ownership plan or equity incentive [1] - The estimated number of shares to be repurchased ranges from approximately 15.85 million shares (0.33% of total issued shares) to 19.02 million shares (0.40% of total issued shares), depending on the total buyback amount [1] - Following the announcement, ZTE's stock price initially rose but closed down by 0.19%, while its H-shares saw an increase of over 5% [1] Group 2 - On December 11, ZTE's stock hit the daily limit down, coinciding with a major announcement regarding compliance investigations related to the U.S. Foreign Corrupt Practices Act [2] - The company is in communication with the U.S. Department of Justice regarding the matter and is committed to maintaining a robust compliance system [2] - ZTE emphasizes its zero-tolerance policy towards corruption and asserts that its production and operations remain normal [2]