ChinaSoft Wins Two Software Outsourcing Services Projects from Large Financial Corporations

BEIJING, HONG KONG & NEW YORK, June 20, 2011 /PR Newswire Asia/ -- ChinaSoft International Ltd. (referred to as "ChinaSoft" or the "Group") (HKSE: 354) announced today the signing of the 2011 Outsourcing Framework Agreement with Ping An Technology (Shenzhen) Co., Ltd. (referred to as "Ping An Technology"), a subsidiary of China Ping An Insurance (Group) Co., Ltd. (referred to as "Ping An Group"). ChinaSoft adopts a brand new delivery model to provide software outsourcing services for Ping An's insurance, banking, and securities businesses. ChinaSoft is also awarded with the 2011 Software Services Outsourcing Project Phase II from China Union Pay Co., Ltd. (referred to as "CUP"), further establishing the Group's leading position in the financial software services outsourcing industry.

Ping An Group has made various adjustments and enhancements to its software outsourcing and vendor management mode throughout the years with the aim to improve its market competitiveness. With its in-depth understanding of Ping An Group's comprehensive financial services businesses and years of industrial experiences, ChinaSoft was finally selected as Ping An Group's outsourcing provider in its bid and tender for the 2011 Outsourcing Framework Agreement.

Also with its strong software outsourcing resource management and development capabilities,

ChinaSoft exclusively wins the contract of CUP 2011 Software Services Outsourcing Project Phase II, despite the fierce competition among many famous international and domestic outsourcing providers.

The close partnerships with these renowned financial institutions further secures ChinaSoft's leading position in software development and service outsourcing within the finance and banking industry.

Over the years, with abundant industry experiences and project management experiences in software development outsourcing, ChinaSoft is awarded as the 2011 Global Outsourcing Top 100 by IAOP; becomes the only Microsoft Global Premier Vendor in China; and is also named as one of the Global Top 10 Service Providers of Microsoft (MSIT). In addition, ChinaSoft is also ranked as the first-tier service providers for those global well-known enterprises such as Accenture and HCL.

ChinaSoft's human resources development and planning capabilities are gradually becoming its core competitive advantages when serving multi-national clients. ChinaSoft Global Recruitment Center (referred to as "GRC") provides the Group with a comprehensive service in human resources planning, sharing, recruitment, and supply chain construction. With its scientific human resources management, GRC has hundreds of IT professionals located in major cities of China as well as other regions in Europe, America, and Japan, thus is capable to match various requirements on IT specialists and experts from the Group and its clients.

GRC and Excellence Training Center (referred to as "ETC".) have jointly established ChinaSoft's human resources supply chain by signing agreements with more than 380 colleges and universities to develop professional and customized training programs, in order to provide top-quality IT professionals to fully meet clients' demand, as well as to cope with the growth in the Group's outsourcing businesses.

About ChinaSoft International:

ChinaSoft International Limited, "CSI" (354.HK), is a global Information technology service company rooted in China with end to end service capability. The major verticals we cover are: Government and Manufacturing, Finance and Banking, Telecommunications and High-Tech. The Services we offer include: IT consulting, IT technical service solution and IT outsourcing service. CSI has around 12,000 employees located worldwide, including 25 cities in China, Princeton, NJ, and Seattle, WA in the United States, as well as in Tokyo, Japan, and London, England.

SOURCE ChinaSoft International Ltd.