ZTE issued another statement: The sanctions from the US BIS are extremely unfair and we refuse to accept them
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ZTE stated that BIS insisted on imposing the most severe sanctions on the company before the relevant investigation was completed, which was extremely unfair to ZTE and we cannot accept it.
Since April 2016, ZTE has learned from past lessons in export control compliance, attached great importance to export control compliance, and regarded compliance as the cornerstone of the company's strategy and the premise and bottom line of its operations. ZTE has established a compliance management committee directly led by the president; formed a team of senior export control compliance experts covering the world; introduced a number of world-class consulting units to provide professional guidance, build and optimize ZTE's export control compliance management structure, system and process; introduced and implemented SAP trade compliance control tools (GTS); organized compliance training covering more than 65,000 employees; fully cooperated with the independent compliance inspector appointed by the US side to conduct real-time and transparent supervision of ZTE's implementation of relevant agreements reached with the US government and export control compliance construction, and provided more than 132,000 pages of documents. In 2017 alone, ZTE invested more than 50 million US dollars in export control compliance projects, and plans to invest more resources in 2018. However, on April 16, 2018, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce decided to activate the denial order against ZTE Corporation and ZTE Kangxun Co., Ltd. on the grounds that ZTE Corporation failed to promptly deduct bonuses and issue disciplinary letters to certain employees involved in historical export control violations, and made false statements in two letters submitted to the U.S. government on November 30, 2016 and July 20, 2017. BIS ignored ZTE's hard work, huge investment and great progress in export control compliance over the past two years; ignored the fact that the problems in the above two letters were discovered by the company through self-examination and reported in a timely and proactive manner; ignored the fact that the company dealt with the responsible persons who may have been negligent in this matter as soon as possible, quickly corrected the problem, and hired an authoritative US law firm to conduct an independent investigation. Before the relevant investigation is completed, BIS insists on imposing the most severe sanctions on the company, which is extremely unfair to ZTE and we cannot accept it! The denial order will not only seriously endanger ZTE's survival, but will also harm the interests of all of ZTE's partners, including a large number of American companies. ZTE will not give up its efforts to resolve the issue through communication and dialogue, and is determined to safeguard its own legitimate rights and interests, the legitimate rights and interests of all employees and shareholders, and fulfill its responsibilities to global customers, consumer users, partners and suppliers through all legal means! As a global enterprise that has grown up in China, ZTE will unite all its employees, strengthen confidence, unite and overcome difficulties together! As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity. |
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