ZTE Corporation Appoints New President

ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, today announced Mr. Shi Lirong has been appointed as President of ZTE by the company’s Board of Directors. Mr. Shi replaces Mr. Yin Yimin, who successfully served as ZTE President during the company’s fourth term for a period of 6 years.
Mr. Shi Lirong and his new management team will adhere to the strategic direction defined by the board of directors and strive to continue growing all areas of ZTE’s businesses. They will focus on analysing changes in the global telecom market, driving innovation and high-quality products in the wireless/wireline and handset markets, and satisfying the dynamic and individual needs of ZTE customers. In addition, the team will leverage the opportunities enabled by the 3G and 4G eras, to make further inroads into the European and U.S. markets. It will also strive to continuously improve the Company’s profits and operational efficiency, execute management duties entrusted by the board, and return strong achievements to shareholders and staff.
“We are very pleased to announce Mr. Shi Lirong as the new President of ZTE,” said Mr. Hou Weigui, Chairman of ZTE. “We are very confident that Mr. Shi, with his profound knowledge and experience in comprehensive fields ranging from technology, research & development, production management and long-term global marketing system, is capable of driving ZTE to the next level of success on the international business stage.”