ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade war

ZTE revamps board with legal experts to avoid ban

Leadership is trimmed, but most new directors retain links to Beijing

ZTE is completely replacing its board to meet the conditions for lifting a U.S. supply ban.
ZTE is completely replacing its board to meet the conditions for lifting a U.S. supply ban.   © Reuters

SHENZHEN/HONG KONG -- Chinese telecommunications equipment maker ZTE tapped legal professionals skilled in intellectual property rights as part of an overhaul of the board intended to spare the company from a U.S. supply ban that could cripple its business.

Shareholders approved the appointment of eight new directors Friday during a two-hour annual general meeting at ZTE's Shenzhen headquarters. The previous 14 board members were required to step down under a settlement with the U.S. government that suspends the supply ban.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more