sinosoft technology group lt (1297) Snapshot

Sinosoft Technology Group Limited announced Mr. Yu Yifa, also known as Er Ngee Huat has resigned as an executive Director, the chief financial officer, with effect from December 31, 2018. Mr. Yu will, however, remain as a director of the Group's Singapore subsidiary Infotech Holdings Pte Ltd. In place of Mr. Yu, Mr. Su Hui ("Mr. Su") has been appointed as an executive Director, member of the Remuneration Committee, and an Authorized representative, and shall take over the role of CFO with effect from 1 January 2019. Mr. Su, aged 39, has over 17 years of experience in finance. Mr. Su joined the Company as the vice president in February 2013. Prior to joining the Group, Mr. Su worked in Deloitte Nanjing from 2001 to 2005 and last held the position of senior auditor. From 2005 to 2009, he was the internal audit manager at A.O.Smith (China) Investment Co. Ltd. From 2010 to 2012, he served as finance controller at A.O.Smith (Shanghai) Water Treatment Products Co. Ltd.

The board of directors of Sinosoft Technology Group Limited announced that the Group has entered into a strategic cooperative agreement with 360 Enterprise Security Technology (Beijing) Group Co. Ltd. to jointly propel the information security market for judicial administration and social governance related industries in different provinces across the country, as well as to establish information security prevention and control system for relevant departments. Pursuant to the Cooperative Agreement, both parties will leverage on their advantages and technology resources to carry out comprehensive and in-depth cooperation in different forms, including project cooperation, technology cooperation, product integration, and capital operation etc., first in judicial administration and social governance related area, and may extend to other suitable business area. Both parties have initially set various cooperation directions, including: The Group's China Legal Network product series and internal operation systems for judicial administration and social governance related business will integrate with 360 Skyeye big data security analytic system, to enhance the protection for networks and systems, as well as to strengthen data security. Both parties will also combine their market resources and jointly promote the products. Jointly establish the big data application research centre for the judicial industry to provide big data analytics and security service for Internet of Things, and propel the judicial industry information security standard established by using big data technology, to help develop the judicial network nationwide as a "clean net", which is free from attack by virus and malicious opinions. 360 Enterprise Security is a leading enterprise network security company, focusing on providing enterprise network security technologies, products, and services for government, military, corporates, education, and financial institutions. Combining with the Group's years of experience and competitive advantages accumulated by providing application software and big data analytics for judicial administration and social governance related industries, both parties will strive to offer the best network security service in the relevant area, and provide management system integrating services such as network ecosystem analysis, public opinion analysis and public opinion guidance for judicial administration and social governance related departments across the country.

Sinosoft Technology Group Limited announced unaudited consolidated earnings results for the six months June 30, 2018. For the period, the company reported revenue was RMB 286,544,000 against RMB 239,175,000 a year ago. Profit before taxation was RMB 99,730,000 against RMB 82,613,000 a year ago. Profit and total comprehensive income for the period and attributable to owners of the company was RMB 88,785,000 against RMB 75,220,000 a year ago. Earnings per share – basic and diluted was 7.20 cents against 6.07 cents a year ago. Net cash generated from operating activities was RMB 20,997,000 against RMB 45,206,000 a year ago. Purchase of property, plant and equipment was HKD 1,827,000 against HKD 2,206,000 a year ago.