SINOSOFT TECHNOLOGY PLC

SINOSOFT TECHNOLOGY PLC

Previous company name
SINOSOFT TECHNOLOGY LIMITED
Name change date
2/21/2006
Company Overview
Sinosoft Technology PLC is engaged in the development and wholesale trade of software products. The company is also the UK holding company of Infotech, a Singaporean holding company of two trading subsidiaries, namely Nanjing Skytech and Nanjing Software. It is formerly known as Sinosoft Technology Limited. The company was incorporated in December of 2005. It is registered as a publicly quoted company, with shares listed on London Stock Exchange. The registered business office of the company is located in London, United Kingdom.
The company provides software related services and systems integration that are specifically tailored to meet the demands of certain Chinese regional and national government agencies. Its products include export tax, e-Government and information and systems integration.
Export tax software enables export tax documentation to be completed and filed electronically, comprising a back-end product suite used by the tax bureaus and a front end product suite utilized by exporting enterprises; e-Government software allows government agencies to automate processes at city and provincial level creating a virtual, real-time environment for citizens to access certain services provided by the government; and information integration software provides existing customers with the opportunity to manage large amounts of information and facilitates the distribution, consolidation and synchronization of this information across complex, multi-platform, multi-vendor IT environments; and customized services to existing customers including software upgrades, systems integration, training, customer support and problem resolution and bug fixing.
Sinosoft Technology PLC is considered as a leading developer and provider of software and information technology (IT) solutions to Chinese regional and national government agencies, as well as export enterprises in China.
The company is active and operational in China, as well as in the United Kingdom.
Business Summary
The principal activity of the Group during the year is the development and sale of software products, the provision of software related services and systems integration. The software and services provided are specifically tailored to meet the unique demands of certain Chinese regional and national government agencies as well as enterprises.
Description and history
The company is a leading developer and provider of software and IT solutions to Chinese regional and national government agencies and export enterprises in China. Company’s principal operating businesses capitalise on opportunities presented by the Chinese Government’s continuing drive for digitisation, particularly within export tax management and other areas of interaction between citizens and government.

The Company is the UK holding company of Infotech, a Singaporean holding company of two trading subsidiaries, namely Nanjing Skytech and Nanjing Software.

Nanjing Skytech and Nanjing Software are registered and operate in the Jiangsu Province of China and provide the following products and services to certain government departments and Exporting Enterprises in the Jiangsu and Hainan Provinces of China:

-export tax software which enables export tax documentation to be completed and filed electronically, comprising a back-end product suite used by the tax bureaus and a front end product suite utilised by Exporting Enterprises;

-e-Government software which allows government agencies to automate processes at city and provincial level creating a virtual, real- time environment for citizens to access certain services provided by the government;

-information integration software which provides existing customers with the opportunity to manage large amounts of information and facilitates the distribution, consolidation and synchronisation of this information across complex, multi-platform, multi-vendor IT environments; and

-customised services to existing customers including software upgrades, systems integration, training, customer support and problem resolution and bug fixing.

HISTORY

The Company was incorporated on 16 December 2005 in England as a private limited company and was reregistered as a public limited company on 21 February 2006. The Company was admitted to the Alternative Investment Market (AIM) on 6 March 2006.

Nanjing Skytech was founded in December 1998 in Nanjing City, Jiangsu Province, China, by Sinosoft s Chief Executive Officer, Xin Yingmei, in conjunction with six founder shareholders.

The initial R&D focus was largely driven by the business opportunities arising out of Chinese governmental initiatives, particularly the digitisation of export tax management, and in 2001 Nanjing Skytech completed its first project for Jiangsu Tax Bureau.

The Company s activities have to date have been primarily focused in Jiangsu province, which was the first Chinese province to fully embark on the digitisation of export tax management in China. Jiangsu Province has consistently ranked among the top three provinces in China in terms of its import and export value and its level of foreign investment.

The business has benefited from Chinese technological advancement and the upsurge in Chinese export activity. Chinese Central Government policy has been to actively encourage the improvement of data collection and assessment and in particular the use of information technology. These policies have primarily benefited Skytech s export tax software and e-Government applications.

Buy Back
The Company completed the Purchase Contract and purchased and cancelled the successfully tendered Ordinary Shares, being a total of 44,222,034 Ordinary Shares (representing approximately 26.7% of the issued share capital of the Company). The cancellation of admission of Ordinary Shares to AIM with effective on 3 December 2010.

Formerly known as Sinosoft Technology Limited

Business Line
Engaged in the development and wholesale trade of software products
Subsidiary

Advisor
SEDLEY RICHARD LAURENCE VOULTERS
IPO date
3/6/2006
US SIC Code
7371
Company Address
1, PARK ROW

City province or state postal code
LS1 5AB, LEEDS
Phone:
Fax:
Country address: UNITED KINGDOM
Website url: www.sinosoft-technology.com