On December 11, during the morning trading session, the Shanghai Composite Index declined by 0.46%, falling below the critical 3,900-point threshold. In stark contrast, Moore Threads witnessed a remarkable surge in its stock price, soaring nearly 17% and bringing its total market capitalization to an impressive 403.1 billion yuan. Meanwhile, ZTE's A-shares experienced a sharp decline, plummeting more than 7%, while its H-shares took an even steeper hit, dropping over 9%. In response to these developments, ZTE released a statement acknowledging its awareness of reports concerning a compliance investigation under the U.S. Foreign Corrupt Practices Act. The company emphasized that it was actively engaging in communication with the U.S. Department of Justice. Furthermore, ZTE reiterated its commitment to safeguarding its rights through legal channels and assured that its current production and operations were proceeding as usual, unaffected by the ongoing situation.
