BEIJING, Dec. 30, 2011 /PRNewswire-Asia-FirstCall/ –
Yucheng Technologies Limited (NASDAQ: YTEC) today announced that on
December 30, 2011 the Company engaged
BDO China Shu Lun Pan CPAs LLP ("BDO China"), the China-based member of BDO International Ltd.,
as its independent registered public accounting firm, replacing BDO
Limited, the Hong Kong member of
BDO International Ltd. ("BDO HK"), which resigned on December 30, 2011. The Company believes the
transition from BDO HK to BDO China will be smooth and will not
adversely affect the Company's upcoming audit.
The decision to change auditors was not the result of any
disagreements between the Company and BDO Hong Kong on any matters
of accounting principles or practices, financial statement
disclosure or auditing scope or procedures. The Company understands
BDO Hong Kong's resignation is not related in any way to the
affairs of the Company but purely a business decision of BDO Hong
Kong.
About Yucheng Technologies Limited
Yucheng Technologies Limited (NASDAQ:YTEC) is a leading IT
service provider to the Chinese financial service providers.
Headquartered in Beijing, China,
Yucheng services clients from its nationwide network with
approximately 2,600 employees. Yucheng provides a comprehensive
suite of IT solutions to Chinese Banks including: (i) Channel
Solutions, such as e-banking and call centers; (ii) Business
Solutions, such as core banking systems and loan management; and
(iii) Management Solutions, such as risk analytics and business
intelligence. Yucheng has been ranked in the Global FinTech 100
survey of top technology partners to the financial services
industry for in 2007, 2008, and 2009. The independent research firm
IDC also has named Yucheng the No. 1 market share leader in
China's Banking IT solution market
in 2010. For more information about Yucheng Technologies Limited,
please visit www.yuchengtech.com.
For investor and media inquiries, please contact:
In China:
Mr. Steve Dai
Yucheng Technologies Limited
Tel: +86-10-5913-7889
Email: investors@yuchengtech.com
SOURCE Yucheng Technologies Limited
