Tuesday, January 22, 2008

Yucheng Technologies Limited

Industry: Information Technology

Main business locations: China

Registered address:
Offshore Incorporations Center,
P.O. Pox 957,
Road Town, Tortola,
British Virgin Islands

Incorporation date: November 24, 2006

Financial highlights:
Total Assets (2006): USD 49,834,239
Total Revenues(2006): USD 39,979,849
Total Operating Expenses(2006): USD 4,629,056
Net Income(2006): USD 6,110,108
Total Outstanding Shares: 16,394,806
Stockholder's Equity (2006): USD 31,071,683

BVI Subsidiaries (100% ownership):
Port Wing Development Co., Ltd. (incorporated in BVI, Nov 3,2005)
Ahead Billion Venture Ltd. (incorporated in BVI, Nov 3,2005)

About the BVI company:
The main business of Yucheng Technologies Limited (YTEC) is providing IT and outsourced services to the Chinese banking industry. The company is registered in the British Virgin Islands and headquartered in Beijing, China. It has nine subsidiaries and representative offices located in China, to serve its banking clients nationwide. Yucheng provides IT solutions and services to Chinese banks in the following fields: IT consulting, solutions and software platform, system integration, and outsourced operations. The company specializes in banking channel management IT solutions and services, such as web banking and call centers, business processing solutions, risk/performance management solution consulting and implementation service.

Yucheng becomes one of the leading third party providers of POS merchant acquiring services in partnership with banks. 13 of the 15 top banks in China are the customers of the BVI company. The BVI company is a combined entity of China Unistone Acquisition Corporation, Beijing Sihitech Co., Ltd., Beijing e-Channels Century Technology Co., Ltd.

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