ZTE Corporation issued an announcement yesterday stating that the company is aware of recent media reports regarding its involvement in a compliance investigation under the U.S. Foreign Corrupt Practices Act (FCPA). The company is currently in communication with the U.S. Department of Justice regarding the relevant matters and will resolutely defend its rights and interests through legal means, among other measures.
ZTE emphasized that the company consistently adheres to comprehensively strengthening its compliance system and is committed to building a compliance framework that leads the industry. The company opposes all forms of corrupt practices and maintains a zero-tolerance policy toward any individuals who may be involved. ZTE's current production and operations remain fully normal.