ZTE plans A-share repurchase for employee incentives, up to 1.2 bn yuan

ZTE Corporation has unveiled a plan to repurchase its A-shares through concentrated bidding on the Shenzhen Stock Exchange. This initiative aims to implement employee stock ownership plans or equity incentives, with a total repurchase amount ranging from 1 billion yuan to 1.2 billion yuan. The repurchase price per A-share will not exceed 63.09 yuan.

Based on the maximum repurchase amount and price, the company anticipates repurchasing approximately 19.0204 million shares, representing about 0.40% of its total share capital. The repurchase period will span 12 months from the date the board of directors approves the scheme. The company has already established a dedicated securities account for the repurchase.

The board of directors emphasizes that the repurchase will not negatively impact the company's operations, financial health, research and development capabilities, or its ability to meet debt obligations. As of September 30, 2025, ZTE's total assets stood at 214.658 billion yuan, with a monetary cash reserve of 35.547 billion yuan, ensuring sufficient funds for the repurchase.