New Management Team to Continue to Drive Company as World-Class Telecom Vendor

SHENZHEN, China, March 31, 2010 — ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, today announcedMr. Shi Lirong has been appointed to President of ZTE by the company’s Board of Directors. Mr. Shi replaces Mr. Yin Yimin, who successfully served as ZTE President during the company’s fourth term for a period of 6 years.

Mr. Shi Lirong and his new management team will adhere to the strategic direction defined by the board of directors and strive to continue growing all areas of ZTE’s businesses. They will focus on analyzing changes in the global telecom market, driving innovation and high-quality products in the wireless/wireline and handset markets, and satisfying the dynamic and individual needs of ZTE customers. In addition, the team will leverage the opportunities enabled by the 3G and 4G eras, to make further inroads into the European and U.S. markets. It will also strive to continuously improve the Company’s profits and operational efficiency, execute management duties entrusted by the board, and return strong achievements to shareholders and staff. 

“We are very pleased to announce Mr. Shi Lirong as the new President of ZTE,” said Mr. Hou Weigui, Chairman of ZTE. “We are very confident that Mr. Shi, with profound knowledge and experience in comprehensive fields ranging from technology, research & development, production management and long-term global marketing system, is capable of driving ZTE to the next level of success on the international business stage.”

“Mr. Shi’s business acumen and vision over 20 years’ experience in telecommunications field is completely consistent with the Company’s ‘technology driven by marketing’ strategy. The company is confident Mr. Shi will continue to successfully and aggressively drive ZTE forward as a leading global telecom equipment manufacturer.

"The ZTE Board of Directors would also like to acknowledge the outstanding performance and fulfillment of duties of the ZTE management team led by former President Mr. Yin during the fourth office term,” said Mr. Hou, ZTE. “Mr. Yin and his management team leveraged significant market developments to significantly grow ZTE’s domestic and international business and brand presence. We are proud of their accomplishments.”

In the fourth term, ZTE became a top 5 global telecom manufacturer, and the number one vendor in China’s 3G market. Additionally, in 3G (WCDMA, CDMA2000, TD-SCDMA, WiMAX) and post-3G technologies, ZTE is a now major world vendor and a leader in the wireline and terminal markets. ZTE has established itself as one of the major telecom equipments providers in developing markets and has made significant breakthrough in U.S. and European markets, laying a solid foundation for ZTE’s future opportunities.

Biography of Mr. Shi Lirong

Mr. Shi Lirong, 46, an Executive Director and the President of ZTE Corporation. He served as an Executive Vice President of ZTE Corporation from 1999 to March 2010 responsible for managing the Company’s sales and business development operations. Mr. Shi held the post of Vice President at Zhongxingxin Telecommunications Equipment Company, Limited (the “Zhongxingxin”), during 1993 - 1997. Zhongxingxin is controlling shareholder of ZTE.  In Feb 2001, he was appointed as Executive Director of ZTE Corporation.  Combined with more than 19 years of management skills, Mr. Shi has an in-depth knowledge and understanding of the telecommunications industry. Mr. Shi holds 200,283 A shares of ZTE. Mr. Shi holds a Master’s degree in Telecommunication and Electronic System Engineering from Tsinghua University, and a Master’s degree in Engineering, specializing in Telecommunications and Electronic Engineering from Shanghai Jiao Tong University (SJTU).