Core Viewpoint - ZTE Corporation announced a share buyback plan using its own funds, aiming to enhance employee stock ownership and equity incentives, with a total buyback amount between RMB 1 billion and RMB 1.2 billion [1] Group 1: Share Buyback Announcement - The company plans to repurchase A-shares through centralized bidding, with a total buyback amount not less than RMB 1 billion and not exceeding RMB 1.2 billion [1] - Based on the maximum buyback amount of RMB 1.2 billion and a price cap of RMB 63.09 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 [1] - The buyback period will last for 12 months from the date the board approves the buyback plan [1] Group 2: Market Reaction - Following the announcement, ZTE's A-shares surged over 1% and H-shares rose more than 5% during the afternoon trading session [4] - The day before, ZTE's A-shares had hit the daily limit down, and H-shares had plummeted over 13% [4] Group 3: Compliance and Legal Matters - On December 11, ZTE acknowledged media reports regarding an investigation into its compliance with the U.S. Foreign Corrupt Practices Act and stated it is in communication with the U.S. Department of Justice [5] - The company emphasized its commitment to strengthening its compliance system and maintaining a zero-tolerance policy towards corruption [5] - ZTE reassured that its production and operations are currently normal [5]
刚刚拉涨！中兴通讯，紧急出手！