Please correct me ,thanks a lot

ZTE, a smartphone and networking equipment manufacturer in China, recently has been involved in a huge crisis. The US government announced that American firms are banned from selling parts to ZTE, without vital US parts. Because of this, ZTE's factories have come to a standstill. In an effort to tide over the tough time, ZTE has paid hefty charges in a deal with United States. US is giving ZTE some breathing room and is allowing them to do partial activities, but the ban remains in place for now.
According to report, ZTE shook up management as part of the deal with US. They named a new chief executive officer who has been with ZTE since 1998, working as a director of ZTE in the Germany branch. Though, an American analyst said that it doesn't signify real change at the company, as any director will have cut ties with the Chinese government, it's not who is on the board.

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Please correct me ,thanks a lot

ZTE, who is a smartphone and networking equipment manufacturer in China, recently it has been in a big crisis. The US government announced that American firms are banned from selling (to sell) parts to ZTE, without vital US parts, its factories are come to a standstill (will stagnate). in an effort to tide over the tough time, ZTE has paid a huge fine and deliver on a deal with US. US gives ZTE some breathing room (room for adjustment) and allows them (it) to do partly activities, but the rest of ban remains in place for now.
According to report, ZTE shakes up management as part of deal with US, named a new chief executive officer who has been with ZTE since 1998,worked as a director of ZTE in Germany branch. but an American analyst person said that it doesn't signify real change at the company, as any director will have close ties to the Chinese government, its not who is on the board.