BEIJING, Sept. 17 /Xinhua-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 the resignation of Mr. Xiaomin Sun from the
Company's board of directors effective September 12, 2008, due to personal
reasons.
Mr. Sun has served as a director and a member of the Company's audit
committee, compensation committee and nominating committee since July 2004.
Six directors remain on the Company's board of directors, four of which are
independent directors.
Commenting on the resignation, Mr. Shuang Wang, Chief Executive Officer
of Ninetowns, said, ''We appreciate Mr. Sun's contributions to the Company
over the years and wish him the best in his future endeavors.''
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, as well as in providing effective and efficient
business-to-business search. Ninetowns has been listed on the NASDAQ Stock
Exchange since December 2004 under the symbol ''NINE.'' More information
can be found at http://www.ninetowns.com/english .
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," "expect,"
''intend,'' ''estimate,'' ''anticipate,'' ''believe,'' ''project'' or
''continue'' or the negative thereof or other similar words. All
forward-looking statements involve risks and uncertainties, 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. 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.
For more information, please contact:
Helen Wu
Investor Relations
Ninetowns Internet Technology Group Company Limited
Tel: +86-10-6584-9901
Email: ir@ninetowns.com
Investor Relations (US):
Mahmoud Siddig, Director
Taylor Rafferty
Tel: +1-212-889-4350
Email: ninetowns@taylor-rafferty.com
Investor Relations (HK):
Ruby Yim, Managing Director
Taylor Rafferty
Tel: +852-3196-3712
Email: ninetowns@taylor-rafferty.com
SOURCE Ninetowns Internet Technology Group Company Limited
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Related links:
http://www.ninetowns.com/english
CONTACT:
Helen Wu, Investor Relations of Ninetowns
Internet Technology Group Company Limited, +86-10-6584-9901, or
ir@ninetowns.com; or Investor Relations (US), Mahmoud Siddig,
Director of Taylor Rafferty, +1-212-889-4350, or
ninetowns@taylor-rafferty.com, or Investor Relations (HK), Ruby
Yim, Managing Director of Taylor Rafferty, +852-3196-3712, or
ninetowns@taylor-rafferty.com, both for NINE
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