On the morning of June 9th, after experiencing a negotiation game of nearly two months, the ZTE event finally had new results: The US Department of Commerce recently announced a new settlement agreement with ZTE Corporation.
ZTE Corporation issued an internal letter the evening before. According to the conclusions of the current internal and external investigations, the direct cause of this incident was caused by the work negligence of a few cadres and employees, but it must be deeply realized that its actual reflection. The company has problems with compliance culture and management.
The letter stated that after the refusal order is lifted, the company will quickly resume normal operations. At present, the company's situation is still extremely difficult, and there are still many difficulties that need to be overcome. In the process of implementing the settlement agreement, there are still a lot of hard work that needs to be completed. “We must do our job: stick to our position and not be affected by rumors; The bottom line of compliance is unwavering; persist in wholeheartedly meeting the needs of customers and using actual actions to reward customers for our support. (Han Dapeng)
The following are the main contents of ZTE internal letter:
It has passed 53 days since the April 16, 2108 incident. On these 53 days and nights, the company's 80,000 employees worldwide united their thinking, united, and stuck to their posts, which fully demonstrated their strength and responsibilities, and demonstrated the spirit of being remorseless and brave in the face of difficulties. In this special period, everyone throws away all distractions, dispels all concerns, and does his utmost to support the company. He faces the crisis with the company and no regrets. Here I would like to express my sincere gratitude to the adherence of the 80,000 employees and their family members for their commitment. You are the company's most valuable asset. The company is proud of you!
The refusal to activate caused huge losses to the company. The company paid a terrible price for this. On behalf of the company's board of directors and management, I apologized to all employees, customers, shareholders, and partners.
The occurrence of this incident is based on the conclusions of current internal and external investigations. The direct cause is caused by the work negligence of a few cadres and employees. However, we must profoundly realize that its substance reflects the company’s culture and management in compliance. There is a problem. We must organize a large number of cadres and employees to rethink the incident, draw lessons from it, and earnestly hold it accountable to prevent similar situations from occurring in the future.
After the refusal order is lifted, the company will quickly return to normal operations, adhere to credit, practice responsibilities to related parties, continue to strengthen research and development, continue to innovate, pool the power of all employees, and make efforts for the development of the global information and communications industry.
The current situation of the company is still extremely difficult, and there are still many difficulties that need to be overcome. During the implementation of the settlement agreement, there is still a lot of hard work to be done. Everyone must do the job: stick to their posts and not be affected by rumors; learn from their hardships, adhere to the bottom line of compliance; and wholeheartedly meet the needs of customers, and use actual actions to reward customers for our support. I hope everyone will continue to carry forward the spirit of hard work and innovation, and go all out on the right track for the company's operations as soon as possible.