Sinosoft Technology : VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATIVE FRAMEWORK AGREEMENT WITH AISINO

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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 STRATEGIC COOPERATIVE FRAMEWORK AGREEMENT WITH AISINO

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 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 informatization for governmental agencies and industries. 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 nationwide sales channel and service system, with about 40 provincial service units, over 200 municipal service units and over 400 primary service outlets.

The Board believes the entry into the strategic cooperative framework agreement can combine the Group'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.

By Order of the Board

Sinosoft Technology Group Limited Xin Yingmei

Chairlady

Hong Kong, 24 May 2016

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