Kuala Lumpur, Malaysia, April 14, 2026 — ZTE Corporation(0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, has entered into a Memorandum of Understanding (“MoU”) with CIMB Bank Berhad (“CIMB”), to establish a
strategic cooperation framework aimed at supporting digital infrastructure development across ASEAN.
The partnership leverages ZTE’s telecommunications capabilities and CIMB’s leadership in financing and banking solutions to explore opportunities that support the efficient deployment of ZTE’s next-generation digital infrastructure projects, particularly 5G networks.
Under the MoU, both parties will also explore collaborations across infrastructure financing, regional network expansion and cross-border liquidity management.
By integrating technical capability with strategic banking solutions, the partnership aims to build a holistic ecosystem across ASEAN, bringing together operators, government agencies, regulators and investors to drive the region’s broader digital transformation.
The MoU was formalised in Kuala Lumpur. It was signed by Kevin Xiao of ZTE and Freddy Ong of CIMB, and witnessed by Steven Ge of ZTE and Denise Wong of CIMB.
Building on an Established Collaboration
ZTE and CIMB have previously developed a strong working relationship in Malaysia, including collaboration in the country’s 5G rollout in line with national digital initiatives.
The partnership has also extended across foreign exchange services, transaction banking and cash management solutions.
Building on this foundation, the MoU formalises a broader ASEAN-focused collaboration framework, positioning both parties to support not only Malaysia’s ongoing 5G network deployment but also a wider range of digital infrastructure projects across ASEAN, including Indonesia, Singapore, Thailand and Cambodia, with broader regional expansion over time.
Accelerating ASEAN’s Digital Transformation
The expanded partnership is expected to accelerate the rollout of high-speed connectivity across ASEAN, particularly in underserved and rural areas, contributing to efforts to bridge the urban-rural digital divide.
In addition to supporting 5G network development, the collaboration will facilitate broader digital infrastructure initiatives aligned with regional frameworks such as the ASEAN Digital Economy Framework Agreement (“DEFA”).
By integrating telecommunications technology with structured financial solutions, the partnership aims to enhance execution efficiency and scalability for infrastructure projects across multiple markets.
Steven Ge, Vice President of ZTE Corporation and Managing Director of ZTE Malaysia, said:
“This partnership reflects a shared commitment to advancing ASEAN’s digital infrastructure and accelerating the deployment of 5G networks. By combining ZTE’s technology leadership with CIMB’s strong regional financial platform, we are well-positioned to support the region’s digital transformation journey.”
Kevin Xiao, General Manager of Treasury and Financing Center, ZTE, added:
“Integrated financial and treasury solutions are increasingly critical in enabling large-scale telecommunications projects. This collaboration enhances our ability to support customers and partners with more efficient and scalable financing structures.”
Chu Kok Wei, Chief Executive Officer of Group Wholesale Banking, CIMB, said:
“As demand for next-generation connectivity and digital infrastructure accelerates across ASEAN, this collaboration positions CIMB to support ZTE’s regional expansion through integrated financing and banking solutions. Leveraging on CIMB’s ASEAN presence, we aim to enable efficient execution while strengthening client relationships through a broader suite of capabilities.”