ZTE Corporation (00763) has completed the issuance of 3.584 billion yuan of zero-coupon US dollar settled H-share convertible bonds due in 2030.

ZTE Corporation (00763) announced that all the conditions precedent of the subscription agreement have been met, and the RMB 3.584 billion bonds have been successfully issued on August 5, 2025. After deducting expenses, commissions, and fees, the net proceeds from the bond subscription are expected to be approximately USD 494 million (equivalent to about RMB 3.543 billion). The company plans to use the proceeds from the bonds to strengthen its research and development investment in computing products. It is expected that the bonds will be listed on the Hong Kong Stock Exchange and trading permission will be effective on August 6, 2025. The company has obtained approval for the listing and trading of convertible shares on the Hong Kong Stock Exchange.