Hong Kong, June 12, 2009 (ABN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company")(HKG:3888), a leading entertainment and applications software developer, distributor and service provider in China by market share, today announced that the Bank of Dalian ("BOD") has made a purchase of Kingsoft's application software WPS Office for more than RMB1.0 million. All computer facilities under the branches of BOD will install the software. This purchase carries a symbolic meaning for the promotion of using copyrighted software, especially for banking industry and small-and-medium enterprises ("SMEs") in Northeast area.
Kingsoft WPS Office is well received in the banking sector in China. Kingsoft's WPS Office has been successively adopted by various large and local commercial banks such as The People's Bank of China, Agricultural Bank of China, China Minsheng Banking Corp., Ltd., China Development Bank, Shenzhen Rural Commercial Bank, Huishang Bank, Rural Credit Cooperatives Of Hubei province, Rural Credit Cooperatives of Jilin province, Baoshang Bank, Huhehaote City Commercial Bank, Kaifeng City Commercial Bank, and Commercial Bank of Zhengzhou since 2003. Among which, sales of the software to Agricultural Bank of China and China Minsheng Banking Corp., Ltd. reached more than RMB10.0 million and close to RMB5 .0 million respectively.
Mr. GE Ke, Senior Vice President of Kingsoft, said: "We are pleased to reach the purchase agreement with BOD. At present, a growing number of local commercial banks interested in our WPS Office software and jointly promote the use of copyrighted software. This indicated that Kingsoft WPS Office has already well-recognized by a growing number of users in the banking sector. With the Government's support to promote the use of copyrighted software, as well as a growing awareness among the public about the importance of using copyrighted software, Kingsoft feels optimistic about the outlook of the Chinese-made office software market in China. "
BOD is a state-owned commercial bank as well as hold by other shareholders in Dalian. After the approval by the China Banking Regulatory Commission, the bank has changed its name to the Bank of Dalian and established branches in Tianjin and Beijing. BOD is another national commercial bank with inter-provincial branches in China followed by Bank of Shanghai and Bank of Beijing. At present, BOD's total assets reached RMB100.0 billion, and has become the leading commercial bank in Northeast China.
About Kingsoft Corporation Limited
Following the commercial launch of its first office applications software WPS 1.0 in 1989, Kingsoft Corporation Limited has now become a leading entertainment and applications software developer, distributor and service provider in China, based on market share. The Company leverages its comprehensive software development platform to offer a wide range of innovative entertainment and applications software.
Kingsoft has several well-known products such as WPS Office, Kingsoft PowerWord, Kingsoft Internet Security, and online games such as the JX Series and The First Myth. In addition, the Company sells various products such as Kingsoft Internet Security and Kingsoft PowerWord to retail consumers, corporate organizations and government agencies in China using online and offline distribution channels.
With its headquarters in Beijing, Kingsoft has multiple research and development centers based in Zhuhai, Beijing, Chengdu, Dalian and Shenzhen. The Company's vision is to create world-class software products that run on every computer. The Company's strategy is to enhance its position as a leading entertainment and application software developer, operator and distributor in China and to expand its presence in certain oversea markets.
Kingsoft Corporation Limited
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