Ninetowns Announces Potential Impact of Changes Relating to Export Quality Inspection

  Ninetowns Announces Potential Impact of Changes Relating to Export Quality

PR Newswire

BEIJING, Aug. 23, 2013

BEIJING, Aug. 23, 2013 /PRNewswire/ -- Ninetowns Internet Technology Group
Company Limited (Nasdaq: NINE) ("Ninetowns" or the "Company"), one of China's
leading providers of online solutions for international trade,  announced
today that it expects its net revenues and net income to be adversely affected
by recent changes to the Catalogue of Import and Export Commodities Subject to
Inspection and Quarantine by the Entry-Exit Inspection and Quarantine
Authorities (the "Catalogue").

On August 1, 2013, the General Administration of Quality Supervision,
Inspection and Quarantine of the PRC announced certain changes to the
Catalogue. Beginning on August 15, 2013, 1,507 categories of items that were
originally contained in the Catalogue are no longer subject to quality
inspection prior to export, although 87 categories will still be subject to
animal and plant quarantine inspection prior to export after the change to the

Mr. Tommy Fork, Chief Financial Officer of the Company, stated, "We are
currently evaluating the impact these changes could have on our business. We
expect our net revenues from sales of enterprise software and related customer
maintenance services, which represented 62.9%, 81.1% and 66.2% of our total
net revenues for 2010, 2011 and 2012, respectively, to decrease as the market
demand for our products and services, which facilitate the processing of the
required import / export declarations and approvals for the quality
inspection, decreases as a result of these changes."

Mr. Fork further stated, "We are considering possible steps we should take in
response to these changes; however, there can be no assurance that any
solution that we pursue will be sufficient to avoid an adverse impact."

About Ninetowns Internet Technology Group Company Limited

Ninetowns (Nasdaq: NINE) is a leading provider of online solutions for
international trade, with its key services in automating import / export
e-filing. Ninetowns has been listed on the NASDAQ Stock Exchange
sinceDecember 2004under the symbol "NINE." More information can be found

Forward-Looking Statements

Certain statements in this press release include forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements generally can be identified by the use of
forward-looking terminology, such as "may," "will," "plan," "expect,"
"intend," "estimate," "anticipate," "believe," "project" or "continue" or the
negative thereof or other similar words. These statements are based upon the
current beliefs and expectations of the Company's management and involve risks
and uncertainties that are subject to changes based on various factors (many
of which are beyond the Company's control), including, but not limited to,
customer acceptance and market share gains; competition from companies that
have greater financial resources; introduction of new products into the
marketplace by competitors; successful product development; dependence on
significant customers; the ability to recruit and retain quality employees as
the Company grows; and economic and political conditions globally as well as
those detailed in the Company's filings with the Securities and Exchange
Commission. Actual results may differ materially from those discussed in, or
implied by, the forward-looking statements. The forward-looking statements
speak only as of the date of this release and the Company assumes no duty to
update them to reflect new, changing or unanticipated events or circumstances.


Investor Relations (Beijing)

Daisy Wang, IR Manager
Ninetowns Internet Technology Group Company Limited
Phone: +86 (10) 6589 9904

Investor Relations (U.S.)

Mahmoud Siddig, Managing Director
Taylor Rafferty
Phone: +1 (212) 889 4350

SOURCE Ninetowns Internet Technology Group Company Limited

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