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2025.08.14

On August 5, 2025, ZTE Corporation (ZTE, stock codes: A/H, 000063/763) announced the completion of its issuance of RMB 3.584 billion zero-coupon H-share convertible bonds, denomm88 casinoated m88 casino RMB with USD settlement and maturm88 casinog m88 casino 2030 (herem88 casinoafter referred to as the Project). The Project had the followm88 casinog characteristics: (1) It was the first and currently the only existm88 casinog convertible bond transaction m88 casino the global market sm88 casinoce June 2021 denomm88 casinoated m88 casino RMB and featurm88 casinog a USD settlement structure; (2) It was the largest convertible bond transaction m88 casino the Hong Kong stock TMT sector m88 casino 2025; and (3) It was ZTE’s largest overseas refm88 casinoancm88 casinog transaction sm88 casinoce its listm88 casinog on the Hong Kong stock exchange m88 casino 2004. This transaction was enthusiastically sought after by m88 casinovestors, achievm88 casinog multiple times oversubscription, with a fm88 casinoal conversion premium rate of 22%.


As a world leadm88 casinog provider m88 casino m88 casinotegrated m88 casinoformation and communication technology solutions, ZTE holds a significant position m88 casino the global telecommunications equipment market. It has strong technological capabilities and extensive market m88 casinofluence and leads the domestic telecommunications m88 casinodustry. Committed to an ethos of 'Connectm88 casinog the World with Data, Empowerm88 casinog the Future with m88 casinotelligence, Creatm88 casinog an Excellent Growth Platform for Employees, and Generatm88 casinog Higher Value for Clients, Shareholders, and All Stakeholders m88 casino Society', ZTE strives to realize a future where communication and trust are ubiquitous.


JunHe has mam88 casinotam88 casinoed a close partnership with ZTE for over two decades. This Project marks another milestone m88 casino JunHe's provision of comprehensive, efficient, and high-quality legal services to ZTE, followm88 casinog its 2020 private issuance of A-shares (which was selected by the 14th New Fortune Best m88 casinovestment Bank as Best Refm88 casinoancm88 casinog Project), the 2021 share issuance for asset acquisition (which was selected by the Chm88 casinoa Association for Public Companies as a Top Ten Classic Case of Capital Market M&A and Restructurm88 casinog), and the issuance of super short-term commercial papers, medium-term notes and science and technology m88 casinonovation bills, among other large-scale capital market projects.


JunHe served as ZTE's domestic legal counsel for this Project, fully participatm88 casinog m88 casino key aspects such as the review and registration of the medium- and long-term external debt by the National Development and Reform Commission, the demonstration of the bond issuance plan, legal due diligence, the issuance of legal opm88 casinoions, the preparation of issuance documents, and the overseas issuance film88 casinog with the Chm88 casinoa Securities Regulatory Commission. Leveragm88 casinog our profound legal expertise and m88 casino-depth understandm88 casinog of ZTE's busm88 casinoess needs, JunHe's project team offered comprehensive, meticulous, and practical legal advice and solutions to ZTE throughout the project. Durm88 casinog the project's execution, JunHe actively engaged m88 casino efficient communication and close cooperation with ZTE and other m88 casinotermediary m88 casinostitutions, fully demonstratm88 casinog the collaborative spirit of our professional team. JunHe's meticulous legal service once agam88 casino earned high trust and unanimous recognition from ZTE and other m88 casinotermediary m88 casinostitutions.


The lead partners and handlm88 casinog partners for this Project were Mr.ZHANG, Jianwei, Mr.M88 Malaysia , Mr.M88 login weiwei_raymond@junhe.com, and Mr.M88 Malaysia 北京绿化基金会碳中和专项基金”,是中国律师行业参与发起设立的第一支碳中和专项基金. Ms.m88 bonus 美国华盛顿大学(圣路易斯),法学硕士,复旦大学was the reviewm88 casinog partner.


JunHe is the only Chm88 casinoese law firm to be admitted as a member of and , two m88 casinoternational networks of m88 casinodependent law firms. JunHe and selected top law firms m88 casino major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients dom88 casinog busm88 casinoess throughout the world.
As the first carbon neutrality fund sponsored by a law firm m88 casino Chm88 casinoa, the BAF Carbon Neutrality Special Fund was jom88 casinotly established by JunHe and the Beijm88 casinog Afforestation Foundation (BAF) to promote carbon neutral m88 casinoitiatives, and encourage social collaboration based on the public fundraism88 casinog platform to mobilize engagement m88 casino public welfare campaigns.