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DIGITAL CHINA HOLDINGS LIMITED

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Digital China Holdings Limited : Clients Expanding to Small and Medium-Sized Banks from Township Banks Digital China Signs Financial Cloud Services Contracts with almost 80 Banks

12/28/2012 | 01:48am EDT



(For immediate release) Clients Expanding to Small and Medium-Sized Banks from Township Banks Digital China Signs Financial Cloud Services Contracts with almost 80 Banks

(28 December 2012, Hong Kong) Digital China Holdings Limited ("Digital China" or the "Group"; Stock Code: 00861.HK), China's largest integrated IT services provider, announced that the Group recorded continued success in signing contracts with banks in Chongqing, Haikou, Shanghai and other cities, to undertake installation and maintenance of core banking system. This showcases Digital China's robust IT servicing capabilities and that its Financial Cloud Services model has been well recognized by the market and clients, paving a solid foundation for future contracts and projects.
The Financial Cloud Services are high-end professional IT outsourcing services that Digital China develops for small and medium-sized banks. It serves as the technology department that fully supports the bank's business, including IT systems deployment, installation, launch and upgrade, ensuring fulfillment of requirements and compliance management in building server rooms as well as IT systems 7 days 24 hours daily maintenance. Digital China is also able to provide IT system operation services in a number of areas, such as core banking business, bank cards, bills, online banking, financing as well as telephone banking, message platform, call center, etc. In addition, based on clients' requirements, the Financial Cloud Services can also cover debit card outsourcing services, data center hosting and disaster recovery services as well as IT operation and maintenance management consulting.
The Financial Cloud Services model sets high prerequisites for IT services providers in terms of scale, corporate credibility, industry experience, successful cases as well as management standards. With its superior comprehensive advantages, Digital China is the only IT company in China with capabilities to fully support the banks' holistic IT systems in such an emerging IT operation outsourcing market. Its Financial Cloud Center has become the largest Financial Cloud service platform in China. It recently signed cooperation contracts with Chongqing Liangping ANZ Rural Bank, Haikou United Rural Commercial Bank, 14 township banks arising from Shanghai Rural Commercial Bank as well as Ruzhou Yuchuan Rural Bank, to undertake installation and maintenance of core banking systems. Targeting township banks when this business started, Digital China grew its clientele and successfully explored small and medium-sized banks, such as rural commercial banks. To date, it has close to 80 Financial Cloud Services clients.

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Mr. Lin Yang, CEO of Digital China, said, "The Group has 26 years of experience in IT development for the banking sector and has thus gained extensive experience in the field. With global knowledge and a thorough understanding of domestic market, we possess unparalleled advantages. We have a high-standard data center in Xi'an with a professional IT outsourcing management system. Moreover, the Group implemented a clear strategy for the development of Financial Cloud Services. Going forward, we will further enhance our IT service platform and business model, thereby promoting the robust growth of small and medium-sized banks in China."
-End-

About Digital China

Digital China Holdings Limited ("Digital China" or the "Group"; Stock Code:
00861.HK) is the largest integrated IT services provider in the Greater China area. Digital China provides end-to-end integrated IT services for customers on the back of a complete IT services value chain that covers IT planning and consultation, IT infrastructure system integration, design and implementation of solutions, design and development of application software, outsourcing of IT system operations and maintenance, IT distribution and maintenance, etc.
Digital China is driving the Sm@rt City initiative in tandem with China's 12th Five-Year Plan. By facilitating consolidation and innovation through IT advances such as cloud computing, mobile internet and the internet of things, the Group seeks to advance China's new urbanization progress. As the largest integrated IT services provider in China, Digital China has comprehensive service capability and business coverage that ranges from Sm@rt City framework design and planning, Sm@rt City IT infrastructure implementation to Sm@rt City operational services. Leveraging on its extensive expertise and experience in informatization, Digital China has become China's leading Sm@rt City expert that boasts a forward-looking theoretical structure and has the largest stock of successful cases.
For further information about Digital China, please visit the Group's website at www.digitalchina.com.hk.

For investor and media inquiries:

Neal He
Digital China Holdings Limited
Tel


ę Publicnow 2012
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Sales 2021 23 804 M 3 057 M 3 057 M
Net income 2021 766 M 98,4 M 98,4 M
Net Debt 2021 - - -
P/E ratio 2021 9,37x
Yield 2021 -
Capitalization 7 213 M 926 M 926 M
Capi. / Sales 2021 0,30x
Capi. / Sales 2022 0,25x
Nbr of Employees 14 100
Free-Float 44,7%
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Wei Guo Chairman & Chief Executive Officer
Man Chung Wong Independent Non-Executive Director
Hong Ni Independent Non-Executive Director
Yun Liu Independent Non-Executive Director
William King Independent Non-Executive Director
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