(Reuters) – Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent U.S. restrictions.

FILE PHOTO: The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau

In remarks to the Japanese press and reported s.nikkei.com/2VMJSaT by Nikkei Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any law.

“It is expected that Huawei’s growth may slow, but only slightly,” Ren told Japanese media in his first official comments after the U.S. restrictions, adding that the company’s annual revenue growth may undershoot 20%.

On Thursday, Washington put Huawei, one of China’s biggest