ZTE : Announcement Resolutions of the Thirty-fourth Meeting of the Seventh Session of the Supervisory Committee

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ZTE CORPORATION 中興通訊股份有限公司

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 763)

Announcement Resolutions of the Thirty-fourth Meeting of the Seventh Session of the Supervisory Committee

The Company and all the members of the Supervisory Committee confirm that all the information contained in this announcement of resolutions of the Supervisory Committee is true, accurate and complete and that there is no false and misleading statement or material omission in this announcement.

ZTE Corporation (the "Company") issued the "Notice of the Thirty-fourth Meeting of the Seventh Session of the Supervisory Committee of the Company" to all the Supervisors of the Company by electronic mail and telephone on 11 January 2019. The Thirty-fourth Meeting of the Seventh session of the Supervisory Committee of the Company (the "Meeting") was convened on site at the Shenzhen headquarters of the Company on 17 January 2019. The Meeting was presided over by Mr. Xie Daxiong, Chairman of the Supervisory Committee. Of 4 Supervisors required to attend the Meeting, 3 Supervisors attended in person. Mr. Li Quancai, Supervisor, was unable to attend the Meeting due to work reasons and has authorised in writing Mr. Xie Daxiong, Chairman of the Supervisory Committee to vote on his behalf. The Meeting was convened and held in accordance with the relevant laws, administrative regulations, departmental rules and the Articles of Association of ZTE Corporation, and was legal and valid.

The following resolutions were considered and approved at the Meeting:

I. Consideration and approval of the "Concluding Work Report of the Seventh Session of the Supervisory Committee."

Voting results: For: 4; against: 0; abstained: 0.

II. Consideration and approval of the "Resolution on the Re-election of the Supervisory Committee and the Election of Shareholders' Representative Supervisors for the Eighth Session of the Supervisory Committee," the details of which are as follows:

1. The Seventh Session of the Supervisory Committee of the Company has nominated Mr. Shang Xiaofeng, Ms. Zhang Sufang candidates for Shareholders' Representative Supervisorsof the Eighth Session of the Supervisory Committee of the Company for a term commencing on 20 March 2019 and ending on 29 March 2022 following the shareholders' resolution approving their appointments.

2. The tabling of the candidates for Shareholders' Representative Supervisors of the Eighth Session of the Supervisory Committee of the Company at the First Extraordinary General Meeting of 2019 of the Company for consideration is hereby approved.

3. The three Staff Representative Supervisors shall be selected by the staff representatives of the Company through democratic elections.

Voting results: For: 4; against: 0; abstained: 0.

For brief biographies of the aforesaid candidates for Shareholders' Representative Supervisors, please refer to the Annex.

III. Consideration and approval of the "Resolution on the Authorization to Purchase Directors', Supervisors' and Senior Management's Liability Insurance."

Voting results: For: 4; against: 0; abstained: 0.

IV. Consideration and approval of the "Resolution on the Arrangement of the Floor Price of the Non-public Issuance of A Shares of 2018."

Voting results: For: 4; against: 0; abstained: 0.

V. Consideration and approval of the "Resolution on the Extension of the Validity Period for the Shareholders' Resolutions in relation to the Non-public Issuance of A Shares of 2018."

Voting results: For: 4; against: 0; abstained: 0.

VI. Consideration and approval of the "Resolution on the Authorization in relation to the Non-public Issuance of A Shares of 2018."

Voting results: For: 4; against: 0; abstained: 0.

By Order of the Supervisory Committee

Xie Daxiong

Chairman

Shenzhen, the PRC 17 January 2019

As at the date of this announcement, the Supervisory Committee of the Company comprises four Supervisors: Xie Daxiong, Wang Junfeng, Xia Xiaoyue, Li Quancai.

Annex: Brief Biographies of Candidates for Shareholders' Representative Supervisors of the Eighth Session of the Supervisory Committee of ZTE Corporation

Mr. Shang Xiaofeng (尚曉峰), born in 1975, graduated from Shanxi University of Finance and Economics in 2001 with a master's degree in management majoring in Accounting and holds qualifications as a certified management accountant and the title of senior accountant. Mr. Shang worked at the Agricultural Bank of China, Shenzhen Branch from July 2001 to September 2002. He worked at the treasury department of Ping An Insurance (Group) Company of China, Ltd. from September 2002 to March 2011. Mr. Shang had successively undertaken the positions of deputy treasury department manager of the finance centre, treasury department manager of the finance centre and head of the finance centre of CASIC Shenzhen (Group) Limited from March 2011 to May 2017. He has concurrently served as director of Shenzhen CASIC Motor System Co., Ltd. (深圳航天微電機有限公司) since July 2014, director of Aerospace Yinshan Electric Co., Ltd. (航天銀山電氣有限公司) since May 2015. Since May 2017, Mr. Shang has severed as head of the finance department of Shenzhen Aerospace Industrial Technology Research Institute Limited, and concurrently acted as director of Guangdong Euroklimat Air-Conditioning & Refrigeration Co., Ltd. since May 2017. He has severed as supervisor of Zhongxingxin Telecom Company Limited ("Zhongxingxin") and director of Shenzhen CASIC Technology & Innovation Industrial Co., Ltd. (深圳航天科創實業有限公司) since September 2017, and chairman of CASIC Liangli Electric Co., Ltd. (航天亮麗電氣有限責任公司) since March 2018. Mr. Shang has extensive experience in financial and operational management. He does not hold any shares in the Company. Mr. Shang is a supervisor at Zhongxingxin, the controlling shareholder of the Company and the head of the finance department of Shenzhen Aerospace Industrial Technology Research Institute Limited, an indirect shareholder of Zhongxingxin. He is not connected with the directors, supervisors or senior management of the Company. He is not subject to any punishment by the China Securities Regulatory Commission ("CSRC") or other relevant authorities or disciplinary action by the stock exchange, nor subject to any case of investigation commenced by the judicial authorities for alleged crimes or investigations by the CSRC for alleged violation of laws and regulations for which definitive conclusions are pending, nor a discredited person subject to enforcement or a discredited party subject to liabilities. He is in compliance with the qualifications for appointment stipulated under pertinent laws, administrative regulations, departmental rules, regulatory documents, Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange, other pertinent provisions of the stock exchange and the Articles of Association.

Ms. Zhang Sufang (張素芳), born in 1974, graduated from Nankai University in June 2000 with a master's degree in management. From July 2000 to February 2009, Ms. Zhang had successively served at the promotion and reception department and as head of the finance department of Zhongxingxin; she has been secretary to the board of directors of Zhongxingxin since July 2006 and head of the general office of Zhongxingxin since February

2009. Since December 2011, Ms. Zhang has served as a member of the fourth and fifth sessions of CPPCC Shenzhen Luohu District Committee. She is also concurrently serving as director / supervisor / general manager at various subsidiaries of Zhongxingxin. Ms. Zhang has extensive experience in management and operations. She does not hold any shares in the Company. Ms. Zhang is the secretary to the board of directors and head of the general office of Zhongxingxin, the controlling shareholder of the Company. She is not connected with the directors, supervisors or senior management of the Company. She is not subject to any punishment by CSRC or other relevant authorities or disciplinary action by the stock exchange, nor subject to any case of investigation commenced by the judicial authorities for alleged crimes or investigations by the CSRC for alleged violation of laws and regulations for which definitive conclusions are pending, nor a discredited person subject to enforcement or a discredited party subject to liabilities. She is in compliance with the qualifications for appointment stipulated under pertinent laws, administrative regulations, departmental rules, regulatory documents, Rules Governing the Listing of Stocks on the Shenzhen Stock

Exchange, other pertinent provisions of the stock exchange and the Articles of Association.