SHENZHEN, China -- Export Credit Framework Agreement was signed today between the Export-Import Bank of China (China EXIM Bank) and Huawei Technologies Co., Ltd.(Huawei). The US$600 million agreement aims to support Huawei’s development in the overseas market. Mr. Yang Zi Lin, President of China EXIM Bank, and Mr. Ren Zheng Fei, President of Huawei Technologies, attended the signing ceremony.

Huawei has been cooperating with China EXIM Bank since its early age in developing overseas market. The agreement signed today shows China EXIM Bank is increasing its strength to support Huawei’s development in the overseas market and further enhancing its cooperation with Huawei, which is quickly becoming a leading telecommunications manufacturer in the industry.

Since Huawei stepped out its first footprint in the international market in 1996, the company has experienced a lot of hardness to get overseas carriers’ recognition. It is its persistency and its willingness to provide quicker and more suitable solutions that helps Huawei overcome various difficulties. In the last two years, Huawei has made much progress. As a matter of fact, Huawei has established branches in more than 40 countries including UK, Russia, Brazil and Singapore. To date, Huawei’s products have been deployed in over 40 countries and regions, including France, UK, Germany, Spain, Brazil, Saudi Arabia, Egypt, South Korea, Singapore, Thailand, Peru, South Africa and Hong Kong. In 2002, Huawei’s overseas sales reached US$550 million, and in 2003, it further increased by 90% to reach US$1.05 billion, making it 27% of the company’s US$3.83 billion total sales last year.

Huawei Technologies Co. Ltd.