Longtop Wins Contract with a Leading Securities Brokerage Firm in China

HONG KONG, Nov. 2 /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 won a contract with a leading securities brokerage company in
China.
Under the terms of the contract, Longtop will design and implement a
centralized Enterprise Data Warehousing (EDW) which involves integrating and
consolidating data residing in the customer's different data sources. The EDW
will serve as an integral part of the customer's Decision Support System
(DSS),
providing unified data to current users and to facilitate future applications
such as the Analytical Customer Relationship Management (ACRM) system and risk
management systems.
"We are very happy to win this new customer in the securities industry
where we currently have a very limited presence. Even without a suite of
services and products for the securities brokerage industry, we were able to
win this customer due to our strength in BI which we have built by working
with our banking and insurance customers. We also see potential to develop
further applications in the future such as ACRM and risk management systems
again leveraging on our banking and insurance experience," commented Weizhou
Lian, Chief Executive Officer of Longtop.
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
expectations, assumptions, estimates and projections about the companies and
the industry. The company undertakes no obligation to update forward-looking
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
Email: ir@longtop.com
Phone: +86-10-8421-7758

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

SOURCE Longtop Financial Technologies Limited

For Investors: Longtop Financial Technologies Limited, Charles Zhang, CFA,
ir@longtop.com, +86-10-8421-7758, For Media: IR Inside BV, Caroline Straathof,
info@irinside.com, +31-6-5462-4301