Chinese smartphone maker ZTE Corp. is planning to unveil its new set of management team on Tuesday, a spokesman revealed.

The comany's board of directors will meet to approve the newly selected team and a stock exchange filing is scheduled in the afternoon, ZTE spokesman David Dai Shu, told Reuters on Monday.

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According to Shu, the company reshuffles its management every three years and the upcoming changes are in accordance with ZTE's regular schedule.

The company  has been previously dragged to the most challenging US government export restrictions for reportedly violating US sanctions against Iran in 2012. Last March, the US government said it will not ease the limitations until the end of June, and it could further loosen them if the company is cooperative in tackling the issue.

The Wall Street Journal was first to report about ZTE's upcoming new line up. The report claimed that among those expected to step down from their positions are Chief Executive Shi Lirong and Executive Vice Presidents Tian Wenguo and Qui Weizhao. Meanwhile, Zhao Xianming, Chief Technology Officer, will allegedly take over as the company's new CEO and chairman.

The move is a part of ZTE's agreement with the US Commerce Department to temporarily remove the sanctions granting that the company's executives involved in the violation are removed from their administrative positions.

However, Shu said he do not know the list of executives to be changed and could not confirm if the move was due to the Iran sanctions allegations.

"I cannot speculate on this type of discussion," he said. "I am not in a position to comment."

TagsZTE, china, Iran sanctions, new management