ZTE Investment 16 billion build Nanjing research and development base

Yang ZTE today announced that, in order to support the company's future business development, the company intends to invest 16 billion yuan in the Nanjing Yuhuatai District construction of "ZTE (Nanjing) three areas research and development base" project, and to the Nanjing Yuhuatai District The People's government signed an investment agreement in the near future. The bulletin pointed out that with the development of ZTE Business and the deepening of the internationalization process, the company plans to build a comprehensive research and development base in Nanjing Yuhuatai District, covering training and outsourcing services, with a total construction area of about 1.5 million square meters and 16 billion yuan in total investment (infrastructure investment of 6 billion yuan,　　Total land area of 2000 acres), the project construction period is expected 10.　　ZTE said that through the project, the company will better alleviate the Nanjing Research and Development Center to develop a greater use of land pressure for the company's business development lay a good foundation for the creation of good economic results. However, the total investment of the project is expected to be 16 billion yuan, exceeding the board's approval authority, so the project and investment Agreement shall be submitted to the shareholders ' meeting for approval.