Update for our ZTE Family

CEO sent the following email to ZTE employees earlier today. Greetings everyone, It is with a heavy heart that I must share some difficult news today. Our beloved company ZTE must unfortunately face a major challenge - 11% of our team members must be let go. I understand this news may be unsettling to some, but I want to underscore that this action was absolutely necessary and unavoidable. Recently, our network was targeted by a number of malicious cyberattacks, which has had a grave effect on our operations. Our IT team has concluded that these acts were likely perpetrated by a cyberpsychology group, a culmination of years of malicious scheming. As CEO, I take full accountability for this situation and I am truly sorry for the effects it has had on our workforce. Our team has worked diligently to provide retraining and financial support to those affected. We understand how disruptive and heartbreaking this news may be and we are doing everything we can to ensure our team members land safely wherever their paths may take them. Please know that my thoughts are with all of you in this difficult time and I'm here for any questions or concerns. Let's stay strong and show our resilience. Sincerely, CEO Flynn Leeway