C&T Acquires Platinum Software Systems - Further expanding the Group’s business coverage and market share in the HRM software business

June 1, 2016

Hong Kong, January 6, 2016 - Computer And Technologies Holdings Limited ("C&T Holdings" or the "Group", Stock Code: SEHK 00046) announced that it has entered into an agreement to acquire 100% of Platinum Software Systems (Shanghai) Company Limited (白金軟件系統(上海)有限公司, "PSS"), a leading human resources management (“HRM”) software provider with significant market presence and large customer base in the Mainland China.

With more than 20 years of experience in offering professional HRM solutions, PSS is serving a large and prestigious pool of customers including well-known large enterprises and multinational corporations in the Mainland China and Hong Kong. Its flagship Platinum HRM software suite provides a comprehensive set of functional modules specifically designed to meet the business and regulatory requirements in the PRC.

The Acquisition of PSS will add to the Group's existing application software business not only a prestigious HRM product suite with proven track records and reputable branding, a strong customer base generating recurring revenue, but also a strong and vibrant team of close to one hundred talents in the Mainland China.

"It is my pleasure to welcome the Platinum Software Systems and its valuable talented team to C&T family." said Mr. C S Ng, Chairman of C&T Holdings. "Consistent with the Group's strategy in expanding its application software business, the Acquisition will create great synergy with the Group’s existing HRM software related business."

"This Acquisition will not only substantially increase the revenue and profit of the Group's application software business, but also further enlarge our customer base generating strong recurring income. The prestigious position of PSS in the Mainland China market will also enhance the Group’s market presence in Mainland China with great expansion opportunities. Coupling with our strong position in the HRM software market in Hong Kong, the Acquisition will position the Group with a unique value proposition to serve enterprise customers and MNC's across the region with HRM solutions tailored to meet regulatory requirements of both Mainland China and Hong Kong."

"We are confident that the Group's expansion will further reinforce our core competence and create a greater opportunities to drive long-term growth." Commented Mr. Ng.

About C&T Holdings

Computer And Technologies Holdings Limited ("C&T" or the "Group", Stock Code: SEHK 00046) is a leading Information Technology ("IT") software and services provider in the region involved in the design, development, delivery and operations of total IT solutions that meet customers’ business requirements. Building on its competence in applying advanced IT technologies and proven track records, C&T is providing all round IT solutions and services comprising systems and network integration services, application development and support services, enterprise application software, operation and business process outsourcing services as well as online e-Government and e-Business services. For more information, please visit our website at www.ctil.com.