Former SAP North Asia Chairman & CEO Klaus Zimmer Joins Neusoft as V.P. & European President


SHENYANG, China, January 5 /PRNewswire/ --

Neusoft Corporation (600718.SH), the largest offshore software and
service provider in China, announced today that Klaus Zimmer, former Chairman
& CEO of SAP North Asia, has officially joined Neusoft Corporation, holding
the offices of Vice President and European President for enhanced local
presence in the European market.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061219/CNTU012LOGO )

Working within the IT industry for 28 years, Klaus Zimmer has more than
20 years of management experience from a range of senior executive positions,
including International Sales Manager of Siemens Data, Munich, General
Manager of Siemens Shanghai, CEO of SAP Greater China since 1997, and
Chairman & CEO of SAP North Asia since January 2005.

Dr. Liu Jiren, Chairman & CEO of Neusoft Corporation, stated that Neusoft
pays great attention to the development of the international markets and it
is an important approach in Neusoft's global strategy to continuously
introduce excellent talents with a global vision, international background,
and rich IT industry experience & management skills. He said that Europe is
the most advanced equipment manufacturing center in the world with huge
demands for embedded software development & services, such as mobile phones,
cars, control systems, medical equipment, etc. However, as the global
financial crisis has brought more and more European MNCs under the double
pressure of cost efficiency and innovation, outsourcing will be one of their
important strategies to acquire future competitiveness. In the coming couple
of years, Neusoft will, just as it has done in the Japanese market over the
past decade and more, strive to exploit European and U.S. markets.

It is reported that Neusoft has also restructured the executive team of
its American company. Walter Fang, who had been working with IBM for 27 years
and has more than 30 years of IT industry experience and rich management
skills, was named V.P. and President of Neusoft America. Dr. Liu said that
these overseas enhancement moves have clearly indicated Neusoft's confidence
and determination to become part of the international markets as a global
growth company.

About Neusoft

Neusoft is a leading IT solutions & services provider and the largest
offshore software and service outsourcing provider in China. For more
information about Neusoft, please visit http://www.neusoft.com/en .

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