YTEC Yucheng Technologies Limited - Ordinary Shares (MM)

BEIJING, June 16, 2011 /PRNewswire-Asia/ -- Yucheng Technologies Limited (NASDAQ: YTEC), a leading provider of IT solutions and services to China's banking industry, today announced the recent win to deploy its industry leading BI solutions for one of the major national policy banks.

Yucheng will build upon its existing portfolio of proprietary Business Intelligence products to deploy for one of the three major national policy banks an internal reporting system. The system will allow business divisions to access its operation reports in an efficient manner and with a better structure. As one of the policy banks, this customer is transforming itself into becoming more like a commercial bank and competing directly against the big four banks and other major joint stock banks in China. As a result of this initiative, this bank is undergoing a major IT system upgrade and the reporting system deployment will be one of the many components in its overall BI solutions that will help banks to better understand its operations and risks.

Mr. Weidong Hong, CEO of Yucheng Technologies stated, "We are pleased that we have been able to deepen our relationship with this newly acquired customer from a year ago. We started the deployment of our proprietary CMIS system for the customer last year and have been in discussion on a number of other projects." Mr. Hong continued, "This most recent win is a demonstration of our customer's recognition of our industry leading comprehensive portfolio of solutions, including the fast growing BI solutions. Building on the success we have had with the customer, we look forward to expanding their IT capabilities in additional business verticals."

About Yucheng Technologies Limited

Yucheng Technologies Limited (NASDAQ:YTEC) is a leading IT service provider to the Chinese financial service providers. Headquartered in Beijing, China, Yucheng services clients from its nationwide network with approximately 2,300 employees. Yucheng provides a comprehensive suite of IT solutions to Chinese Banks including: (i) Channel Solutions, such as e-banking and call centers; (ii) Business Solutions, such as core banking systems and loan management; and (iii) Management Solutions, such as risk analytics and business intelligence. Yucheng has been ranked in the Global FinTech 100 survey of top technology partners to the financial services industry for three consecutive years. The independent research firm IDC also has named Yucheng one of the top three market share leaders in China's Banking IT solution market every year since 2007. For more information about Yucheng Technologies Limited, please visit www.yuchengtech.com.

Safe Harbor Statement

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward looking terminology, such as ''may,'' ''will,'' ''expect,'' ''intend,'' ''estimate,'' ''anticipate,'' ''believe,'' ''project'' or ''continue'' or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.

SOURCE Yucheng Technologies Limited