China's Neusoft Plans Merger with Dalian Hi-Think

SHENYANG, China, Feb. 18 / -- Neusoft Corporation (600718.SH), the largest offshore software & services outsourcing provider in China, announced recently a merger and asset restructuring plan with Dalian Hi-Think Computer Technology Corp. (DHC) after a preliminary negotiation.

In compliance with relevant regulations and rules, Neusoft's share trading was suspended from Feb. 17th, 2009 due to the uncertainties of the proposed deal that requires rounds of policy consulting and feasibility discussions with the concerned authorities and parties. The Company's Board of Directors will hold meetings to review and decide on this deal before Mar. 19th, 2009, when the share trading will be resumed.

According to CCID's reports, DHC has been ranked No. 2 in the field of offshore software & services outsourcing in China in the past two successive years.

About Neusoft Corporation
Neusoft is a leading IT solutions & services company and the largest offshore software & services outsourcing provider in China. It offers a rich portfolio of businesses, mainly including software products & platforms, industry solutions, product engineering solutions, and services. Neusoft has set up a large sales and services network in China, as well as subsidiaries in Japan, USA and Europe, maintaining a total of more than 14,000 employees.

About Dalian Hi-Think Computer Technology Corp.
Dalian Hi-Think Computer Technology Corp. (DHC) was founded in May, 1996. Its registered capital is RMB 150 million, and registered address is Dalian High-tech Industrial Zone. DHC is one of China's leading offshore software & services outsourcing companies today . The Company is mainly engaged in software & services outsourcing businesses to Japan, and it has already built long-term collaborative relationships with many famous Japanese corporations.