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"As a result of this Denial Order, the important operating activities of this Company have ceased", ZTE explained in the filing.

During the meetings, Chinese officials said they also raised their objections to ZTE's punishment with the US team, who they said agreed to report them to Trump. The decision came after it was revealed the company allegedly made false statements to US officials.

ZTE was hit by a ban last month from Washington, forbidding US firms from supplying it with components and technology after it was found to have violated USA export restrictions by illegally shipping goods to Iran.

We've reached out to ZTE for further comment on the matter.

ZTE's filing noted it still had "sufficient cash" and was sticking to its commercial obligations.

The company was slapped with a seven-year sales ban in a case involving exports of telecom gear to Iran and North Korea.

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ZTE settled the sanction case with the US government last March after admitting to illegally shipping products with USA technology to countries including Iran and paying a record fine of almost $900 million.

ZTE says it's in communication with the USA government to try and reverse or modify the ban.

The ban will hurt the company's smartphone division immensely as it forbids it from using Qualcomm chips in their devices.

Washington accused ZTE of violating USA sanctions on North Korea and Iran and then lying to United States officials about whether the employees responsible were punished. In a statement released amidthe events, ZTE's Chief Export Compliance Officer - U.S. -based lawyer Matt Bell - expressed the company would restructure its legal department as well as institute new policies, training, and automated tools to keep up with regulations. Last month, the US Commerce Department blocked US firms from selling parts or providing services to ZTE until 2025.

While the company admitted it fired its four employees, it did not disclose that the rest of its staff received full bonuses rather than letters of reprimand. Others note the actions against ZTE could foreshadow the effects of a U.S.

ZTE said its main business operations have ceased due to a 7-year supply ban imposed by the USA government, Reuters reported.


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