China Stock Profile – VanceInfo Technologies Inc.

(VIT)1 Statistics for VIT: P/E Long Term EPS Growth PEG Ratio Net Margin Average Rating Value Average Rating Average Target Price Current Price Year to Date Performance Institutional Ownership Short Interest as % of Float Explanation of Terms P/E - Price divided by Earnings Long Term EPS Growth - Long-Term (next 3-5 years) EPS Growth Rate estimated by Wall Street analysts PEG Ratio – P/E to Growth Ratio. Generally the lower the ratio the more attractive the stock Net Margin – Net Profit divided by Revenue Average Rating Value – Based on Ratings given by Wall Street analysts. Generally, the lower the value, the higher the rating Average Rating – Based on Ratings given by Wall Street analysts Average Target Price – Based on Target Price given by Wall Street analysts Current Price – Current Market Price of stock Year to Date Performance – Year to Date Performance in Price of stock Institutional Ownership - % of Shares held by Large Institutions Short Interest as % of Float – Short Interest in the stock as a % of Equity Float Chart of VIT 37.3 29% 1.31 15% 1.5 Buy 11.98 15.65 229% 28% 1.51%

VIT Company Profile VIT is involved in the provision of information technology (IT) services. The company offers research and development services for various phases of development, from requirements analysis, concept generation,
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By H.U.

and product realization, to quality assurance and testing, and technology and information transfer; and enterprise solutions, which include packaged evaluation and selection; packaged implementation; customization; regional rollout; enhancement, maintenance, and product support; version upgrades; and business intelligence/data warehouse. It designs, develops, and implements software solutions to meet various client requirements, as well as provides maintenance services for software systems. VIT also offers customized and automated testing practices, including functional testing, globalization and localization testing, automation testing, performance testing, remote testing, and test process consulting. In addition, the company provides globalization and localization services that comprise software and content localization, localization engineering, localization testing, internationalization engineering, and internationalization testing. It primarily serves corporations in technology, telecommunications, financial services, manufacturing, retail, and distribution industries in the United States, Europe, Japan, and China. The company was founded in 1995 and is headquartered in Beijing in China. Key Executives of VIT
Mr. Shuning Chen , 45 Founder, Chairman and Chief Exec. Officer Mr. Lifeng Chen , 40 Pres Mr. Zhong Liu , 37 Exec. VP Mr. Ying Zhou , 47 Chief Admin. Officer Mr. Xuande Huang , 44 Chief Operating Officer, Chief Financial Officer and Principal Accounting Officer

Major Holders of VIT
TOP INSTITUTIONAL HOLDERS Holder BROOKSIDE CAPITAL MANAGEMENT, LLC MASON STREET ADVISORS, LLC. TCW GROUP, INC. (THE) FEDERATED INVESTORS, INC. DEUTSCHE BANK AKTIENGESELLSCHAFT WELLS FARGO & COMPANY OBERWEIS ASSET MANAGEMENT INC. Ameriprise Financial, Inc. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. TOP MUTUAL FUND HOLDERS Shares 1,136,340 903,704 852,767 833,099 808,100 556,921 502,775 375,139 370,000 354,264 % Out 2.90 2.31 2.18 2.13 2.07 1.42 1.29 .96 .95 .91 Value* $5,681,700 $4,518,520 $4,263,835 $4,165,495 $4,040,500 $2,784,605 $2,513,875 $1,875,695 $1,850,000 $1,771,320 Reported 31-Mar-09 31-Mar-09 31-Mar-09 31-Mar-09 31-Mar-09 31-Mar-09 31-Mar-09 31-Mar-09 31-Mar-09 31-Mar-09

Holder NORTHWESTERN MUTUAL SER FDSMALL CAP GROWTH STOCK PORTF Oberweis China Opportunities Fund VARIABLE INSURANCE PRODUCTS FDGROWTH PORTFOLIO FIDELITY ADVISOR EQUITY GROWTH FUND DWS Technology Fd FEDERATED KAUFMANN SMALL CAP FUND TCW SMALL CAP GROWTH FUND DWS Global Opportunities Fd SELIGMAN GLOBAL FD SERSELIGMAN GLOBAL TECHNOLOGY FD EVERGREEN GLOBAL OPPORTUNITIES FUND

Shares 580,578 502,775 401,100 363,100 351,000 350,650 293,700 286,900 221,600 154,779

% Out 1.48 1.29 1.03 .93 .90 .90 .75 .73 .57 .40

Value* $2,902,890 $2,513,875 $4,817,211 $4,360,831 $2,793,960 $2,791,174 $2,337,852 $2,283,724 $1,763,936 $1,232,040

Reported 31-Mar-09 31-Mar-09 31-May-09 31-May-09 30-Apr-09 30-Apr-09 30-Apr-09 30-Apr-09 30-Apr-09 30-Apr-09

Analysts’ Estimates
Earnings Estimate Avg. Estimate No. of Analysts Low Estimate High Estimate Year Ago EPS 0.11 6 0.11 0.11 0.09 Current Qtr Jun-09 0.13 5 0.12 0.13 0.11 Next Qtr Sep-09 7 0.46 0.52 0.40 Current Year Dec-09 0.48 0.61 7 0.57 0.70 0.48 Next Year Dec-10

Analysts estimate earnings growth of VIT to be 27.1% next year. Recent News Headlines of VIT VIT announced that it has acquired the operating subsidiaries of TP Corporation Limited ("TP"), provider of Customer Relationship Management ("CRM") solutions and call center services. VIT will pay an initial consideration of approximately US$1.1 million in cash. The rest of the consideration will be paid based on TP's financial performance in the next 18 to 30 months. Headquartered in Hong Kong, TP develops and markets customer care software products in China and Southeast Asia and provides call center outsourcing services in Hong Kong. With over 25,000 CRM software licenses installed, TP helps its clients in telecommunications, financial services and government sectors to automate customer operation, support and management. For the five months ended May 31, 2009, the estimated revenues of TP are approximately US$3.9 million. VanceInfo Technologies Inc. Earnings Call scheduled for Fri, Aug 14 2009.

VIT Financial Statements
Income Statement PERIOD ENDING Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Selling General and Administrative Non Recurring Others Total Operating Expenses 25,905 (858) 15,320 6,821 (54) 31-Dec-08 31-Dec-07 31-Dec-06 102,663 62,911 39,752 62,714 38,544 24,170 29,051 17,961 11,090

Operating Income or Loss Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items

14,705

8,850

4,323

2,731 17,436 69 17,367 1,298 84 16,173

992 9,842 47 9,795 174 (52) 9,569

94 4,417 4 4,413 2 (35) 4,376

-

-

-

Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares

16,173 $16,173

9,569 (632) $8,937

4,376 (611) $3,765

Balance Sheet PERIOD ENDING

31-Dec-08

31-Dec-07

31-Dec-06

Assets Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets Liabilities Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities Stockholders' Equity Misc Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock 39 22,574 37 8,426 31,648 9 722 20,464 1,466 132 22,062 1,886 23,948 11,990 1,234 3,890 17,114 954 630 18,698 4,143 1,261 5,404 179 173 5,756 81,429 37,648 2,548 121,625 861 11,260 15,537 4,158 2,010 155,451 78,537 3,277 25,796 1,183 108,793 7,999 7,083 4,618 583 129,076 20,565 12,181 638 33,384 1,202 5,000 373 1,711 374 42,044

Capital Surplus Other Stockholder Equity Total Stockholder Equity Net Tangible Assets

101,184 7,706 131,503 $111,808

98,706 3,209 110,378 $98,677

3,279 630 4,640 $2,556

Cash Flow Statement PERIOD ENDING Net Income Operating Activities, Cash Flows Provided By or Used In Depreciation Adjustments To Net Income Changes In Accounts Receivables Changes In Liabilities Changes In Inventories Changes In Other Operating Activities Total Cash Flow From Operating Activities Investing Activities, Cash Flows Provided By or Used In Capital Expenditures Investments Other Cashflows from Investing Activities Total Cash Flows From Investing Activities Financing Activities, Cash Flows Provided By or Used In Dividends Paid Sale Purchase of Stock Net Borrowings Other Cash Flows from Financing Activities Total Cash Flows From Financing Activities Effect Of Exchange Rate Changes Change In Cash and Cash Equivalents

31-Dec-08 16,173

31-Dec-07 9,569

31-Dec-06 4,376

3,719 1,716 (9,580) 5,377 (2,001) 15,404

2,537 1,798 (7,910) 2,674 (1,189) 7,479

865 1,052 (4,745) 1,422 (543) 2,427

(6,144) 2,739 (6,723) (10,128)

(3,681) (1,744) (3,850) (9,275)

(3,637) 635 (727) (3,729)

(2,772) (54) (2,826) $2,450

57,075 666 57,741 325 $56,270

17,716 (353) 17,363 67 $16,128

Reference Yahoo Finance and China Analyst

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