Sinosoft Technology : VOLUNTARY ANNOUNCEMENT - WON THE BID FOR "YUN SHANG JIAN YE" PROJECT IN NANJING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SINOSOFT TECHNOLOGY GROUP LIMITED 中國擎天軟件科技集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1297) VOLUNTARY ANNOUNCEMENT WON THE BID FOR "YUN SHANG JIAN YE" PROJECT IN NANJING

This announcement is made on a voluntary basis by Sinosoft Technology Group Limited (the "Company", together with its subsidiaries, the "Group").

The board of directors (the "Board") of the Company is pleased to announce that the Group has won the bid for "Yun Shang Jian Ye" project in Nanjing. First phase of the project is valued at approximately RMB 33 million. This project will be jointly developed by the Group and Alibaba Cloud Computing Limited ("Alibaba Cloud"), the cloud computing arm of Alibaba Group Holding Limited. Both parties will join forces and develop information applications with elements such as government services, public information management, economic management and big data analysis.

Leveraging on years of experience in the e-Government industry, the Group has developed many competitive software products. Combining Alibaba Cloud's significant advantage in cloud computing, both parties will develop a comprehensive "Yun Shang Jian Ye", and set the benchmark in emerging areas such as "Internet +", artificial intelligence innovative development and data economy.

The Board believes that against the backdrop of intensifying development to be an innovative country, which was raised out in the recent 19th National Congress of the Communist Party of China, there is enormous room for cooperation between the Group and Alibaba Cloud. The "Yun Shang Jian Ye" model will be replicated in the future, and extend to applications for social governance and ecological civilization, so as to develop new smart cities.

By order of the Board

Sinosoft Technology Group Limited Xin Yingmei

Chairlady

Hong Kong, 26 October 2017

As at the date of this announcement, the executive directors of the Company are Ms. Xin Yingmei and Mr. Yu Yifa, the non-executive director of the Company is Mr. Hu Xiaoming, Simon, and the independent non-executive directors of the Company are Mr. Kang Choon Kiat, Mr. Kwauk Teh Ming, Walter and Mr. Zong Ping.