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Yucheng Technologies Limited to Announce Financial Results for the Three-month Period Ended September 30, 2007 and Host Earnings Conference Call

2007-11-02 17:15 1016


BEIJING, November 2 /Xinhua-PRNewswire-FirstCall/ -- Yucheng Technologies Limited (Nasdaq: YTEC), a leading local IT and outsourced service provider to the Chinese banking industry, today announces that it will report financial results for the three-month period ended September 30, 2007, after the market close on Wednesday, November 7, 2007.

The company will host a conference call at 8:00 p.m. EST on November 7th /9:00 a.m. Beijing Time on November 8th, to discuss the financial results of the three-month period ended September 30, 2007, and its business outlook for the rest of fiscal year 2007.

Joining Mr. Peter Li, Chief Financial Officer of Yucheng, will be Mr. Chih Cheung, Chairman and Mr. Weidong Hong, Chief Executive Officer.

To participate, please call the following numbers ten minutes before the scheduled start of the call and provide the conference call identification 22490023 to join:

1-866-519-4004 (USA)

1-800-407-1908 (Canada)

0-808-234-6646 (UK)

10-800-650-0419 (NetCom Users in China)

10-800-265-0432 (Telecom Users in China)

65-6735-7955 (Other countries)

The record of this call will be accessible and can be downloaded at http://www.intercallapac.com/ftp/conf22490023.zip for 48 hours starting 2 hours after the end of the call. The record will also be accessible on Yucheng's website at http://www.yuchengtech.com/english/front/main17.jsp?path=1766>1770 .

About Yucheng Technologies Limited

Yucheng Technologies Limited (YTEC) is a leading IT and outsourced service provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng has more than 1,500 employees and has established an extensive footprint to serve its banking clients nationwide with nine subsidiaries and representative offices located in Shanghai, Guangzhou, Xi'an, Xiamen, Zhengzhou, Kunming, Nanjing, Changsha, and Chengdu. Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks including 1) IT consulting, solutions and software platform, 2) system integration, and 3) outsourced operations. Yucheng counts 13 out of the 15 top banks in China as its customers, and is especially strong in 1) banking channel management IT solutions and services, such as web banking and call centers, 2) business processing solutions, such as core banking systems, foreign exchange, treasury, and intermediary business solutions, and 3) risk/performance management solution consulting and implementation service. It is also rapidly becoming the leading third party provider of POS merchant acquiring services in partnership with banks.

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.

For further information, please contact:

In the U.S.A.

Mr. Jim Preissler

Advisor, Investor Relations

Tel: +1-646-383-4832

Email: jpreissler@yuchengtech.com

In Beijing, China

Ms. Wei Peng

Investor Relations

Tel: +86-10-6442-0533

Email: investors@yuchengtech.com

Source: Yucheng Technologies Limited
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