ZTE's $300 million subscription venture fund

ZTE (000063) announced that the company's board of directors adopted a resolution to make full use of social resources, while giving full play to ZTE's professional and resource advantages.　　ZTE intends to jointly invest 30 million RMB with Kang company to set up ZTE Venture capital fund management company, to raise and manage the venture capital fund, and the shares of ZTE and Kang Company holding ZTE Venture capital fund management company are 55% and 45% respectively. ZTE said that ZTE Venture capital fund management company for ZTE fund management platform, through this platform, open up financing channels, and use external resources, give full play to ZTE's internal advantages, fully integrate the industry chain of communications industry, promote the development of the company's main business, and through the primary market and two-tier market effective linkage, for asset management, Gain. Companies involved in the purchase of ZTE Fund to obtain the relevant industry segments of the excess income, enhance the competitiveness of the main business. Li Hui