Summary by Moomoo AI
On December 26, 2024, ZTE held the 39th meeting of the 9th Board of Directors, which reviewed and approved multiple proposals for daily related trades for 2025 and 2025-2026. The meeting resolved to approve the procurement of raw materials from ZTE Communications Co., Ltd. and its affiliates by the company and its subsidiaries in 2025, with an expected maximum cumulative transaction amount of RMB 0.4 billion. In addition, the meeting also approved the proposal for procuring R&D outsourcing services from Huazhong Technology Co., Ltd. and Nam Cheong Zhongzhang Intelligent Technology Co., Ltd. for 2025-2026, with annual maximum cumulative transaction amounts of RMB 85 million and RMB 97 million, respectively. At the same time, the company and its holding subsidiaries were permitted to sell government and enterprise products to Aerospace Ouhua...Show More