Yucheng adds Zhenwei Ni to board

Source: Yucheng Technologies

Yucheng Technologies Limited (Nasdaq:YTEC) today announced the appointment of Zhenwei Ni to its Board of Directors. Mr. Ni will also serve on the Board's Strategy Committee, Audit Committee, and Compensation Committee.

Mr. Zhenwei Ni taught as a professor at Tsinghua University before he founded Haihua Company along with a number of professors from Tsinghua University in 1984. As the president of the company, Mr. Ni guided Haihua into one of the most prominent IT services companies in China before he retired in 2004. Since then he has been acting as advisor to many publicly listed companies in China including Yucheng during the last two years. Mr. Ni graduated with a Bachelor's degree in Engineering from Tsinghua University. Mr. Ni is also an independent director of the Hong Kong listed SINO OIL AND GAS HOLDINGS LTD. and VST HOLDINGS LTD.

Commenting on the announcement, Weidong Hong, Chairman and Chief Executive Officer of the company stated, "We are delighted to have Zhenwei Ni join our Board. His extensive experience and knowledge in IT industry and banking industry coupled with his extensive presence in the industry will be of great value to the Company as we execute our plan to develop Yucheng into a premier IT solutions provider to the banking industry in China."

Zhenwei Ni, added, "I am excited to join the Board of Yucheng, as I believe the Company has great potential to become a top IT partner for banks in China. I have known Weidong and the Company for many years and I look forward to helping Yucheng achieve the Company's goals and objectives."

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