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EFuture Information Technology, Inc. (EFUT) To Supply New Hua Du With Software Licensing Products And Services

|Includes: e-Future Information Technology Inc. (EFUT)

Information Technology, a prominent supplier of software and services in China's swelling retail and consumer goods industries, announced today that it has entered into a contractual software licensing and implementation service agreement with New Hua Du Supercenter Co., Ltd. (SHE:002264). New Hua Du is one of the largest companies primarily engaged in hypermarkets, supermarkets, and department chain stores in Fujian Province.

New Hua Du's operations are principally located in the southeast part of China, around Fujian province, including more than 123 stores, consisting of 114 supermarkets, 8 department stores, and 1 integrated mega store. Business coverage also reaches other population dense regions, including Shanghai, Jiangsu, Zhejiang, and Guangdong. The company listed on the Shenzhen Stock Exchange in 2008, and recorded sales of RMB 6.6 billion in the 2012 fiscal year.

New Hua Du signed with eFuture to provide support for its IT infrastructure, which needs the assistance following the swift expansion of its operations. eFuture will be supplying its Point of Sale and Enterprise Resource Planning R2011, as well as a suite of other supporting systems, including their smart card and reporting systems, to all New Hua Du's stores starting March 2013. The project is expected to be completed by the end of 2013. eFuture's software products and service delivery team will help New Hua Du to optimize its operational systems for efficiency. Some key areas for improvement include New Hua Du's merchandise management process and billing system.

Mr. Adam Yan, Chairman and Chief Executive Officer of eFuture, said, "New Hua Du has been looking for an IT services partner that can help them enhance operational efficiencies through better use of technology and systems, and we are very pleased to welcome them as our new client. We are fully committed to supporting its current business and its future expansion in more tier two and three cities in China. We remain committed to our vision to grow with our clients, as we meet the needs of the consumer market and gain market shares nationwide."

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