[ET Net News Agency, 27 December 2017] ZTE Corporation (00763) said it has tentatively
selected Shenzhen Vanke Real Estate Co., Ltd. to provide development, construction, sales
and operational services in respect of a land site in Shenzhen and entered into a letter
of intent with Vanke.
Vanke has agreed that Vanke shall complete the payment of Rmb1,771 million to ZTE as
deposit within 5 days from the execution of the LOI. (HL)