2012 Annual Report - ZTE

ZTE CORPORATIONReport of the Board of Directors2Commitment of issue proceedsFor details of the commitment of issue proceeds from the Bonds cum Warrants ( 中 興 債 1), please refer to thesub-section headed “(3) Use of issue proceeds 1A. Bonds cum Warrants — 中 興 債 1” under this section; detailsof commitment of issue proceeds from the corporate bonds (12 中 興 01) are as follows:Unit: RMB in ten thousandsInvestment commitmentsand application of oversubscriptionproceedsInvestment commitmentsWhethertherehave beenchanges(or partialchanges)Totalamount ofcommittedinvestmentof issueproceedsTotalinvestmentafteradjustment (1)Amountinvestedduring thereportingperiodAggregateamountinvestedas at theend of theperiod (2)Investmentfulfilment asat the endof the period(%) (3)=(2)/(1)Date bywhich theproject isready forintendeduseProfitattainedfor thereportingperiodWhetherestimatedprofit ismetWhethertherehave beensignificantchangesto projectfeasibilityRepayment of bank loans No 258,212.60 258,212.60 258,212.60 258,212.60 100% N/A N/A N/A N/AWorking capital replenishments No 341,787.40 341,787.40 341,787.40 341,787.40 100% N/A N/A N/A N/ASub-total of investmentcommitments — 600,000.00 600,000.00 600,000.00 600,000.00 — — N/A — —Application of over-subscriptionproceedsNone — — — — — — — — — —Repayment of bank loans(if any) — — — — — — — — — —Working capital replenishments(if any) — — — — — — — — — —Sub-total of application of oversubscriptionproceeds — — — — — — — — — —Total — 600,000.00 600,000.00 600,000.00 600,000.00 — — N/A — —Cases of not meeting plannedschedules or estimatedearnings and reasonstherefore (by projects)Statement on significantchanges in project feasibilityAmount, application andprogress of use of oversubscriptionproceedsChange in the location ofimplementation of projectsutilizing issue proceedsAdjustments to the manner ofimplementation of projectsutilizing issue proceedsAdvanced investment andfund replacement in respectof projects utilising issueproceedsUse of idle fund asprovisional working capitalreplenishmentsAmount of and reasons forsurplus issue proceeds inproject implementationApplication and whereabouts ofunutilised issue proceedsIssues in the application anddisclosure of issue proceedsor other mattersN/AN/AN/AN/AN/AN/AN/AN/ANoneNone42