Singapore, xx June 2026 – Embed Financial Group Holdings Pte. Ltd. ("EFGH"), a Singapore-headquartered digital infrastructure group, today announced that it has signed a Strategic Partnership Framework Agreement with China Communications Technology Co., Ltd. ("CCT") to explore opportunities to collaborate in the support of governments, enterprises and communities in Asia and Africa pursuing green data centers, sovereign cloud infrastructure and other digital infrastructure initiatives.
The three-year agreement brings together EFGH's capabilities in digital financial infrastructure, embedded finance, programmable protection, cross-border digital systems and related technology solutions with CCT's engineering, telecommunications and technology delivery expertise.
The agreement establishes the legal and commercial framework for both parties to collaborate through individually negotiated Statements of Work for various projects.
As governments and enterprises accelerate digital transformation, demand continues to grow for trusted digital infrastructure that supports financial services, digitalization, telecommunications, healthcare, education and enterprise applications. Secure, resilient and energy-efficient digital infrastructure is becoming an increasingly important foundation for economic development and digital resilience.
EFGH and CCT will explore opportunities to partner in the development of green digital infrastructure platforms in markets where EFGH operates, particularly across Asia and Africa. Areas of interest include secure, green data centers, sovereign cloud infrastructure, resilient digital platforms and supporting infrastructure.
Dennis Ng, Executive Chairman of Embed Financial Group Holdings, said:
"Digital infrastructure is becoming one of the defining foundations of modern economies. As countries continue to digitalize public services, financial systems and critical industries, demand is growing for secure, resilient and sustainable digital infrastructure that supports long-term economic development. This strategic alliance combines EFGH's experience in digital financial infrastructure with CCT's engineering and technology capabilities. Through the framework we can jointly explore opportunities that support governments, enterprises and communities across the markets where we operate."
He added:
"Our ambition is to help build digital infrastructure that is trusted and sustainable. Green data centers, sovereign cloud infrastructure and secure digital platforms are becoming increasingly important as countries strengthen such capabilities to retain control over critical digital assets."
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements, which are based on certain assumptions and describe EFGH's future plans, strategies and expectations, can be identified by terminology such as "anticipate," "estimate," "forecast," "plan," "project," "potential," "continue," "ongoing," "expect," "aim," "believe," "intend," "may," "should," "will," "is/are likely to," "could" and similar statements. Statements that are not historical facts, including statements about EFGH's beliefs, plans, and expectations, are forward-looking statements. Important factors could cause EFGH’s actual results of operations and financial condition to differ materially from those indicated in the forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, such as our ability to pursue any specific projects with CCT and our ability to recognize any revenue therefrom. All information provided in this press release is as of the date of this press release, and EFGH does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About Embed Financial Group Holdings
EFGH is a Singapore-headquartered digital financial infrastructure group that partners with governments, regulated financial institutions and enterprises to deploy embedded finance at scale. Its capabilities include programmable payments, embedded insurance, cross-border digital systems and blockchain-based trust infrastructure. EFGH operates via a B2B2C model across markets in Asia and Africa. EFGH has entered into a definitive business combination agreement with a U.S.-listed special purpose acquisition company, ahead of a proposed listing on a major U.S. exchange.
About China Communications Technology Co., Ltd.
China Communications Technology Co., Ltd. is a China-based enterprise providing integrated support services for the telecommunications, media and technology sectors in China and internationally. The company provides engineering, technology and infrastructure capabilities supporting digital connectivity and related technology services.
China Communications Technology Co., Ltd. is a wholly owned subsidiary of Jiangsu Communications Services Company Limited, which is itself a wholly owned subsidiary of the Hong Kong-listed China Communications Services Corporation Limited, a leading integrated telecommunications support services provider.
Media Contact
Eugene Leow
Deputy Group CEO
eugene.leow@efgh.xyz
Tel: +65 9877 9801
Therese Lim
Communications Associate
therese.lim@efgh.xyz
Tel: +65 9247 4244
Share
