July 17,2010, Shenzhen, ZTE (00063, Shenzhen stock market) today announced a new investment contract with heYuan high tech zone in Heyuan city, Guangdong province. ZTE will invest 10billion Yuan (1.4billion US dollars ) in this high-tech zone to build new manufacturing base.

According to the contract, the new ZTE HeYuan manufacturing base will cover 3000 Mu (1 mu equals to 0.0667 hectares) including a R&D and manufacturing base and a training college. The project is predicted to be finished in 6 years.