ZTE Corporation: completed the issuance of 3.584 billion H shares convertible bonds to strengthen the company's research and development investment in algorithmic products.

ZTE Corporation announced that it has completed the issuance of HKD 3.584 billion zero-coupon US dollar denominated H-share convertible bonds due in 2030. After deducting expenses, the net proceeds from the bond subscription amount to approximately USD 494.3 million. The company plans to use the proceeds from the bonds to strengthen research and development investment in its computing power products. It is expected that the bonds will be listed on the Hong Kong Stock Exchange and trading permission will become effective on August 6, 2025.