Neusoft Recognized Again on Global Services 100 List 2006 and also Ranked No. 1 among Top 5 to Watch in China

Shenyang China - February 8, 2006 - Neusoft, a leading software and solution provider in China, announced today that it has been named to the Global Services 100 List 2006 by the Global Outsourcing editorial team and advisory firm neoIT. This is the second year that Neusoft has been listed since last year for its outstanding performance in software outsourcing. Neusoft was also included as No. 1 in the China-based top 5 to watch.

An awards ceremony was held at the Global Services Conference in New York City a few days ago. Walter Fang, VP and CTO of Neusoft, attended the conference and received the award on behalf of Neusoft. This second recognition of its extraordinary achievements in software outsourcing and IT services will certainly give Neusoft a cutting-edge advantage for its next-round competition in the global environment.

Photo: Walter Fang, VP and CTO of Neusoft,
accepted the award from the President of Global Outsourcing

In 2005, Neusoft has achieved rapid expansion in software outsourcing business. Many other Chinese enterprises were to make a start in soft outsourcing when Neusoft had accomplished its strategic business planning in Shenyang, Dalian and Shanghai. Currently, more investments are being made. First is to build up a high quality professional team to meet up the growing business demands of global clients. Second, Neusoft strives to enhance its international competitiveness by implementing CMMI and becoming a global player. Third, since firmly established in Japan, Neusoft is to concentrate on the American and European markets. Last but not least, with specialized platform and IDC for technical support and system maintenance successfully created, Neusoft has made breakthrough in the arena of IT outsourcing. It is estimated that Neusoft had achieved a total sales amount of more than US$ 60 millions in international software outsourcing in 2005.
Says Dr. Liu Jiren, Chairman & CEO of Neusoft Group, Chinese software enterprises are becoming more and more influential players in global community and acquiring more and more market shares, making important changes to the global software outsourcing industry. China will become a great power. Chinese software enterprises have successfully established their images in Japan, and they are now expanding to American and European markets. Great performance is expected as they become stronger and stronger .
Neusoft Group plans to increase software outsourcing business percentage to 30% of its overall operations and make it a strategic pillar.

Background:

1. About Neusoft Group

Neusoft Group is a leading software and solution provider in China. Founded in 1991, Neusoft is missioned to promote applications of software technology. At Neusoft, we have always been dedicated, on the basis of expert integration of human resource, technology and market, to demonstrating values of technology by presenting various intelligent applications.

We have three interpromoting business units that are engaged respectively in software & service, digital medical products and IT education & training, supported by a total staff of over 8,000 currently. In addition, we have set up software parks in four cities of Shenyang, Dalian, Chengdu and Nanhai for further R&D and HR reserve.

With our success in constructing a complete sales and service network covering over forty cities around China, we have further extended our branches to US, Japan and Hong Kong as well.

For more information, please visit our website at: www.Neusoft.com.

2. About Global Services 100 List 2006

Global Services 100 recognizes excellence among global service providers that demonstrate leadership, innovation and outstanding performance in ITO and BPO. The ranking is a joint initiative by Global Outsourcing and technology consultancy neoIT. For details, please visit http://www.globalservicesmedia.com/issue/index.jhtml.

Please direct your inquiries to:

Tang Yi

PR Planning, BCC, Neusoft Group

Tel 024-83665663 13504971511

E-mail tangyi@Neusoft.com