JunHe Assisted ZTE Corporation to Complete Private Placement M88 Game A-Shares

ZTE Corporation (hereinafter referred to as "ZTE ", stock code: A/H, 000063/763) disclosed the Report on Private Placement M88 Game A-Shares and Listing Announcement on February 2, 2020. The new shares in ZTE’s A-share private placement (hereinafter referred to as the "M88 Gamefering") were listed on the Shenzhen Stock Exchange on February 4, 2020, and the M88 Gamefering was successfully completed by then. It is worth noting that since the promulgation M88 Game the new regulations on private placement in February 2017, the size M88 Game the funds raised in this M88 Gamefering is the largest among all issues M88 Game A-share common shares by domestic A-share non-financial companies in a market-oriented and non-public manner.

ZTE is one M88 Game the world's leading integrated communications and information solutions providers, providing innovative technology and product solutions to customers in a number M88 Game countries and regions around the world, with a complete range M88 Game end-to-end products and integrated solutions from the communications industry. Through the full range M88 Game "wireless, wired, cloud computing, terminal" and other products, ZTE can flexibly meet the different needs M88 Game different customers around the world and the needs M88 Game rapid innovation. ZTE takes 5G as the core strategy M88 Game development, has been investing in this field for many years, which makes it belong to the first group M88 Game patent layout in the world and become the major contributor and participant M88 Game 5G technology research and standard setting in the world. ZTE has engaged in deep cooperation with more than 60 operators globally in the 5G area, has been fully involved in the construction M88 Game 5G Phase I network by three major operators in China, and was the first company equipped with required devices ready for enabling. ZTE has also joint hands with its global partners in number M88 Game explorations in industrial applications M88 Game 5G technology.

ZTE issued 381,098,968 new A-shares in this M88 Gamefering by way M88 Game book building, and determined that the issuance price would be not lower than 90% M88 Game the average trading price M88 Game A-shares M88 Game the issuer 20 trading days prior to the pricing benchmark date, i.e. the issuance price was CNY30.21 per share and the total amount M88 Game proceeds was CNY11,512,999,823.28. The funds raised in this M88 Gamefering will be mainly used for projects M88 Game technical research and product development in the evolution M88 Game the 5G network.

JunHe is ZTE’s long-term partner M88 Game legal services for over a decade. In this project, acting as the issuer’s counsel, JunHe was involved in the whole process M88 Game this project, helped determining the issue plan, conducting due diligence investigation, drafting relevant documents, preparing application materials, and responding to feedbacks, which has effectively promoted the smooth progress M88 Game this project. In the course M88 Game this project, JunHe has carried on the thorough analysis and demonstration M88 Game legal issues involved, proposed multiple solutions, and actively communicated and cooperated with different parties, playing an important role in this project's successful completion. JunHe's meticulous, prM88 Gameessional, efficient and experienced legal services have once again highly acclaimed by ZTE and other intermediaries.

The leading partner M88 Game this project wasM88 game APK 张建伟律师为君合深圳办公室管理合伙人, M88 Malaysia andM88 login weiwei_raymond@junhe.com.