Longtop Signs Contract to Develop a Treasury Management System for a New Enterprise...

Longtop Signs Contract to Develop a Treasury Management System for a New
Enterprise Customer in China

HONG KONG, May 27 /PRNewswire-Asia/ -- Longtop Financial Technologies
Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions
provider targeting the financial services industry in China, today announced
that it has signed a contract with a provincial subsidiary of an enterprise
customer in China's tobacco industry to implement Longtop's proprietary
treasury management system.
Developed with Longtop's proprietary IntelliFlow and IntelliRule platform,
the system will provide centralized control and management over all bank
accounts of the customer's 17 intra-provincial subsidiaries enabling the
customer to monitor subsidiaries' cash flow and approve payments. It also
provides capital flow analysis to support the customer's decision marking.
"We are very pleased to kick off our 2010 fiscal year by winning this
strategic contract in the tobacco industry, which we believe will result in
additional opportunities to roll out the solution in our customer's other
provinces and possibly open the door to sell other Longtop solutions to this
large enterprise customer," commented Weizhou Lian, Chief Executive Officer of
Longtop. "Led by our proprietary treasury management solution developed in
house by Longtop, we believe our enterprise customer segment will be our
fastest growth customer segment in fiscal 2010."
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995
This announcement contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. In some cases, you can identify forward-looking statements by such
terms as "believes," "expects," "anticipates," "intends," "estimates," the
negative of these terms, or other comparable terminology. Factors that could
cause actual results to differ include the effectiveness, profitability, and
marketability of the company's solutions; the Company's limited operating
history; its reliance on a limited number of customers that continue to
account for a high percentage of the Company's revenues; risk of payment
failure by any of its large customers, which could significantly harm the
Company's cash flows and profitability; the ability of the Company to operate
effectively as a public company; future shortage or availability of the supply
of employees; general economic and business conditions; the volatility of the
company's operating results and financial condition; the company's ability to
attract or retain qualified senior management personnel and research and
development staff; and other risks detailed in the company's filings with the
Securities and Exchange Commission. These forward-looking statements involve
known and unknown risks and uncertainties and are based on current
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statements to reflect subsequent occurring events or circumstances, or to
changes in its expectations, except as may be required by law. Although the
company believes that the expectations expressed in these forward looking
statements are reasonable, they cannot assure you that their expectations will
turn out to be correct, and investors are cautioned that actual results may
differ materially from the anticipated results. Any projections in this
release are based on limited information currently available to us, which is
subject to change.
About Longtop Financial Technologies Limited
Longtop is a leading software development and solutions provider targeting
the financial services industry in China. Longtop develops and delivers a
comprehensive range of software applications and solutions with a focus on
meeting the rapidly growing IT needs of the financial services institutions in
China. Longtop has six solution delivery centers, three research and
development centers and seventy-five ATM service centers located in 27
provinces throughout China. For more information, please visit:
http://www.longtop.com .
For more information, please contact:

For Investors:
Longtop Financial Technologies Limited
Charles Zhang, CFA
Phone: +86-10-8421-7758
Email: ir@longtop.com

For Media:
IR Inside BV
Caroline Straathof
Phone: +31-6-5462-4301
Email: caroline.straathof@irinside.com

SOURCE Longtop Financial Technologies Limited

Investors, Charles Zhang, CFA of Longtop Financial Technologies Limited,
+86-10-8421-7758, ir@longtop.com; or Media, Caroline Straathof of IR Inside
BV, +31-6-5462-4301, caroline.straathof@irinside.com