ZTE announced that the company and Beijing Yitang Semiconductor Industry Investment Center (Limited Partnership) signed an Equity Transfer Agreement on January 11, 2021. ZTE Corporation transferred a 90% stake in Beijing ZTE Caltta Communication Technology Co., Ltd. held by ZTE Corporation to Yitang Semiconductor at RMB1.035 billion (USD157.72 million). After the completion of this transaction, ZTE will no longer hold shares in Caltta Communication.