VanceInfo Technologies Inc. Announces Pricing of Initial Public Offering of its American Depositary Shares

    BEIJING, Dec. 11 /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
 announced the pricing of its initial public offering of 7,650,000 American
 Depository Shares (ADSs) at USD8.50 per ADS. Each ADS represents one
 ordinary share. The ADSs will be listed on the New York Stock Exchange
 under the symbol "VIT," and are expected to begin trading on December 12th,
 2007 (Eastern Standard Time).
 
     In connection with the offering, VanceInfo has granted the underwriters
 an option to purchase up to 1,147,500 ADSs to cover over-allotments. The
 net proceeds from the offering will be used for general corporate purposes,
 including capital expenditures, such as establishing new offices to expand
 its delivery platform, and funding possible future strategic acquisitions.
 Citi and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint
 bookrunners for the offering while Jefferies & Company and Susquehanna
 Financial Group LLLP served as co-managers.
 
     The offering of the securities is made only by means of a prospectus,
 copies of which may be obtained from Citi, Brooklyn Army Terminal, 140 58th
 Street, 8th Floor, Brooklyn, New York, New York 11220 or Merrill Lynch,
 Pierce, Fenner & Smith Incorporated., c/o Prospectus Department, 4 World
 Financial Center, 250 Vesey Street, New York, NY 10080.
 
     The U.S. Securities and Exchange Commission has declared VanceInfo's
 registration statement relating to these securities to be effective. This
 news release does not constitute an offer to sell or a solicitation of an
 offer to buy the securities described, nor shall there be any sale of these
 securities in any state or jurisdiction in which such an offer,
 solicitation or sale would be unlawful prior to registration or
 qualification under the securities law of any such state or jurisdiction.
 
     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.
 
     Safe Harbor Statement:
 
     This press release includes statements that may constitute
 forward-looking statements made pursuant to the safe harbor provisions of
 the U.S. Private Securities Litigation Reform Act of 1995. Although
 VanceInfo believes that the expectations reflected in such forward-looking
 statements are based on reasonable assumptions, such statements are subject
 to risks and uncertainties that could cause actual results to differ
 materially from those projected.
 
 

     For further information, please contact:
 
      Melissa Ning
      VanceInfo Technologies Inc.
      Tel:   +86-10-8282-5266
      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.