中兴

Ownership

As of 30 June 2019, Zhongxing Xin (Chinese: 中興新; lit. 'Zhongxing New'; aka ZTE Holdings), an intermediate holding company, owned 27.40% stake of ZTE. The shareholders of ZTE Holdings were Xi'an Microelectronics (Chinese: 西安微电子技术研究所; a subsidiary of the state-owned China Academy of Aerospace Electronics Technology) with 34%, Aerospace Guangyu (Chinese: 深圳航天广宇工业有限公司; a subsidiary of the state-owned China Aerospace Science and Industry Corporation Shenzhen Group) with 14.5%, Zhongxing WXT (Chinese: 深圳市中兴维先通设备有限公司; aka Zhongxing Weixiantong) with 49%, and a private equity fund Guoxing Ruike (Chinese: 國興睿科) with 2.5%. The first two shareholders are state-owned enterprises, nominating 5 out 9 directors of ZTE Holdings, while Zhongxing WXT was owned by the founders of ZTE, including Hou Weigui, which Zhongxing WXT nominated the rest of the directors (4 out 9) of ZTE Holdings.