The smartphone of our dreams may be just around the corner. The upcoming ZUK Z1 is set to arrive next month with USB-C support and some killer hardware, according to the Lenovo-backed company’s CEO Chang Chen.

Chang took to Weibo on Friday morning to share a rendering of the first flagship ZUK smartphone. The picture clearly shows a USB-C port on the bottom edge of the device, flanked by a row of speaker grills on one side and what looks like a headphone jack on the other. A second image reveals plans for a press event on August 11.

The ZUK Z1 is reportedly set to pack a 5.5-inch 1080p display, 4000mAh battery, a “U-Touch” fingerprint scanner, a 13-megapixel rear camera, a Snapdragon 810 processor, 3GB of RAM and 16GB of storage. It’s also expected to ship running Cyanogen OS, suggesting it won’t just be limited to the Chinese market.

The ZUK Z1’s most exciting feature may be actually be its price. The device is apparently set to cost around $300, making it even cheaper than the current crop of budget flagship phones.