Here's a recap of what ZTE has been through over the past two month.

The US on April 16th banned American companies from selling crucial hardware and software components to ZTE for seven years. The ban came after US officials said ZTE failed to take action against staff who were responsible for violating trade sanctions against Iran and the DPRK.

The company was fined 1.2 billion dollars last year for those violations. The ban in April put the company's future in doubt and forced ZTE to immediately halt its stock trading. ZTE also became a key issue in a wider trade spat between Washington and Beijing. But last week China and the US reached a deal to replace the sanctions with a 1 billion dollar penalty, plus another 400 million dollars in escrow to cover possible future violations.

ZTE promised to replace its board and executive team within 30 days as part of the deal and to improve the public disclosure of its supply chain. ZTE will also hire outside legal compliance specialists who will report to the US Commerce Department for 10 years.

ZTE said in filings on Tuesday that it would re-publish its first-quarter financial results after assessing the impact of the ban and the settlement agreement.