VanceInfo Technologies Inc. Announces Exercise of Over-Allotment Option

    BEIJING, Dec. 20 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc.
 ("VanceInfo" or the "Company") ( VIT), an IT service provider and one
 of the leading offshore software development companies in China, today
 announced that the over-allotment option granted by the Company to the
 underwriters for the purchase of 1,147,500 additional American Depositary
 Shares (ADSs) was exercised in full on December 17, 2007 by the
 underwriters Citi and Merrill Lynch & Co.
 
     The sale complements the initial public offering by the Company on
 December 11, 2007. As a result of the initial public offering and the over-
 allotment option, 8,797,500 ADSs are now held publicly and the aggregate
 offering amount is US$74,778,750.
 
     About VanceInfo:
 
     VanceInfo is an IT service provider and one of the leading offshore
 software development companies in China. VanceInfo ranked among the top
 three Chinese offshore software development service providers for the North
 American and European markets as measured by 2006 revenues, according to
 International Data Corporation. VanceInfo's comprehensive range of IT
 services includes research and development services, enterprise solutions,
 application development and maintenance, quality assurance and testing, as
 well as globalization and localization. VanceInfo provides these services
 primarily to corporations headquartered in the United States, Europe, Japan
 and China, targeting high growth industries such as technology,
 telecommunications, financial services, manufacturing, retail and
 distribution.
 
     Disclaimer:
 
     This press release shall not constitute an offer to sell or the
 solicitation of an offer to buy, nor shall there be any sale of these
 securities in any jurisdiction in which such offer, solicitation or sale
 would be unlawful prior to the registration or qualification under the
 securities laws of any such jurisdiction.
 
 

     For investor and media inquiries, please contact:
 
      Melissa Ning
      VanceInfo Technologies Inc.
      Tel:   +86-10-8282-5330
      Email: ir@vanceinfo.com
 
      Tip Fleming
      Christensen
      Tel:   +852-9212-0684
      Email: tfleming@ChristensenIR.com
 
      Christopher Gustafson
      Christensen
      Tel:   +1-602-980-0048
      Email: cgus@ChristensenIR.com
 
 

SOURCE VanceInfo Technologies Inc.