[ET Net News Agency, 4 October 2018] ZTE Corporation (00763) said due to the conduct
described in the superseding settlement agreement (SSA) entered into between the company
and United States Department of Commerce's Bureau of Industry and Security in June 2018,
the United States District Court for Northern District of Texas issued an order on 3
October 2018 modifying the conditions of the company's corporate probation as described in
the agreement which became effective on 22 March 2017 upon approval by the court.
The modification of probation conditions by the court includes extending the term of the
court-appointed monitor to 22 March 2022, and providing the monitor with the same access
to certain documents, information, facilities, and personnel related to compliance with
the Export Control Reform Act of 2018, the Export Administration Regulations and the order
as it provides to the special compliance coordinator under the SSA. (SC)
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00763 ZTE
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15.920 +0.020 (+0.126%) Others
04/10/2018 10:54
ZTE (00763) term of court-appointed monitor extended to 2022
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