China Information Technology : CNIT Receives $1 Million Cloud-based Ad Terminal Order for Guangxi Zhuang Autonomous Region

SHENZHEN, China, November 06, 2017 - China Information Technology, Inc. (Nasdaq: CNIT), a provider of internet-based ad distribution and ad display terminal sharing systems in China, announced that it has entered into a contract for the sale of 3,000 CNIT cloud-based ad terminals to be installed in office buildings, residential communities, shopping malls and various outdoor locations throughout Guangxi, an autonomous region on China's southwest frontier.

Signed with advertising agency Guangxi Taoping IoT Technology Limited, the contract is expected to generate sales and service revenue to CNIT of about $1 million.

Today's news is the seventeenth in a series of announcements since May of 2017 on CNIT's sales of its cloud-based ad terminals. Each of the contracts - which range in value from $0.5 to $3 million - is also expected to generate revenue from customers' use of the company's Yunfa advertising distribution system and Taoping ad screen sharing platform.

'Guangxi is the hub province connecting ASEAN countries with border cities agglomeration,' said Chairman and CEO Mr. Jianghuai Lin. 'This contract is another successful marketing expansion of CNIT to open up the south market following our success in Guangdong. It will play a vital role in promoting new-media sharing business in neighbor provinces,' he added.

Mr. Lin restated that by 2018, the Company expects to sell an additional 120,000 cloud-based ad terminals with market penetration in 100 cities with coverage for 200 million people throughout China.

About China Information Technology, Inc.

China Information Technology, Inc. (CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, elevator safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com.