2016-05-24
Promote Export Tax Products and Services across the Nation
Jointly Establish Electronic Invoicing Platform for Export Enterprises 

(Hong Kong, 24 May 2016) Sinosoft Technology Group Limited (“Sinosoft Technology” or the “Company” together with its subsidiaries, the “Group”, HKEx: 1297) is pleased to announce that the Group has entered into a strategic cooperative framework agreement with Aisino Corporation (“Aisino”), pursuant to which, both parties will jointly promote the business of export tax related software, services and training courses across China; jointly promote the electronic invoicing platform to export enterprises; and cooperate in areas including overseas visitors sales tax refund, e-commerce export and services arising from the change from business tax to value-added tax. Both parties have committed that the cooperation in these areas will be long term and in-depth, and will provide the most favourable terms and conditions for each other.

Aisino, a company listed on the Shanghai Stock Exchange (stock code: 600271), is the information technology arm of China Aerospace Science and Industry Corporation, with business covering golden tax and corporate users, technology and application of Internet of Things and electronic payment. It is highly regarded in the tax informatization market and responsible for the value-added tax security control system, a core project in the national key informatization project, “Golden Tax Project”, and have a significant market share in the value-added tax invoicing management system. Aisino has established sales channel and service system across mainland China regions, with about 40 provincial service units, over 200 municipal service units and over 400 primary service outlets. 

The management of both Sinosoft Technology and Aisino believes the entry into the strategic cooperative framework agreement can combine the Sinosoft Technology’s professional competences and experience in the export tax area with Aisino’s competitive edges in value-added tax invoicing solutions and nationwide sales and service network. From the synergies created, both parties will be able to provide more efficient and convenient information products and services for export enterprises across the nation. In addition, by introducing the electronic invoicing platform to export enterprises and retailers eligible for overseas visitors sales tax refund, the platform will be able to enhance enterprises’ internal data exchange, provide integrated financial and tax services, so as to improve their working efficiency as well as reduce management cost. This cooperation is expected to bring about greater opportunities for both parties.