Huawei Technologies Co said on Monday that it has no plans to sell its flagship smartphone brands, as the company remains fully committed to its smartphone business.

Huawei said in a statement to China Daily that Huawei has learned there are unsubstantiated rumors circulating regarding the possible sale of its flagship smartphone brands.

"There is no merit to these rumors whatsoever. Huawei has no such plans. We remain fully committed to our smartphone business, and will continue to deliver world-leading products and experiences for consumers around the world," Huawei said.

The comments came after some media reported that Huawei is in talks to sell its premium smartphone brands P and Mate.