Longtop Financial Technologies Signs Agreement with Minsheng Bank to Develop Anti Money-Laundering System

XIAMEN, China, March 3 /Xinhua-PRNewswire/ -- Longtop FinancialTechnologies Limited (''Longtop'') (NYSE: LFT), a leading softwaredeveloper and solutions provider targeting the financial services industryin China, today announced the signing of an agreement with China MinshengBanking Corp. Ltd. (Minsheng Bank) to develop software and solutions forthe bank's anti money-laundering system. This agreement strengthens therelationship between Longtop and Minsheng Bank, and is an important stepfor Longtop's enhancement of its business partnership with nationalcommercial banks. This new agreement with Minsheng Bank is a further recognition ofLongtop's software development ability by national commercial banks, andproved that Longtop's experiences in software development for state-ownedbanks can also be applied to national commercial banks. In the future,Longtop will continue to deliver its well-proved products and solutions toother types of banks, and to strengthen the partnership with these banks toachieve a ''win-win" situation. About Longtop Financial Technologies Limited Longtop is a leading software development and solutions providertargeting the financial services industry in China. Longtop develops anddelivers a comprehensive range of software applications and solutions witha focus on meeting the rapidly growing IT needs of the financial servicesinstitutions in China. Longtop has five solution delivery centers, threeresearch centers and thirty four service centers located in 20 provincesthroughout China. Longtop was founded in 1996 by Jia Xiaogong, our Chairmanand Lian Weizhou, our CEO, as a system integration company focusing on thefinancial services industry in China and made the transition to a softwareand solutions provider in 2001. For more information, please visit:http://www.longtop.com .
For more information, please contact: Longtop Financial Technologies Limited Huiying Yang Tel: +86-592-239-6888 x1312 Email: ir@longtop.com Financial Dynamics Julian Wilson Tel: +86-10-8591-1951 Email: julian.wilson@fd.com Peter Schmidt Tel: +86-10-8591-1953 Email: peter.schmidt@fd.com

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