Neusoft Becomes the First PCMM Level 5 Certified Chinese Company

SHENYANG, China, Aug. 1, 2011 -- According to the recent announcement on the official website of Software Engineering Institute (SEI), Carnegie Mellon University of the United States, Neusoft Corporation ("Neusoft", 600718.SH), China's largest IT solution and service provider, has been certified with its PCMM Level 5 after examination and verification. This makes Neusoft the first PCMM Level 5 certified Chinese company, and also one of more than a dozen enterprises in the world that have been certified by both PCMM Level 5 and CMMI Level 5 through SCAMPI.

Neusoft officially passed the PCMM Level 5 appraisal from the SEI appraisers on June 30, 2011. According to the regulations of SEI, after nearly a month of examination and verification by the organization, then SEI's official website officially announced the news of Neusoft being certified the PCMM Level 5 on July 28, 2011. This is another milestone in improving human capital management following Neusoft's passed through PCMM Level 3 appraisal on July 10, 2008.

According to SEI's official website, PCMM, the People Capability Maturity Model, is designed to guide organizations in selecting activities for improving their workforce practices based on the current maturity of their workforce practices. The PCMM consists of five maturity levels which include Initial, Managed, Defined, Predictable, and Optimizing. The Optimizing Level is the highest level, which Neusoft has been certificated. The key process areas including personal competency development, coaching, and continuous workforce innovation at level 5 cover the issues that address continuous improvement of methods for developing competency, at both the organizational and the individual level.

Mr. Wang Jingxi, Senior Vice President of Neusoft said, "Neusoft has attached great importance to human resource capacity improvement over the past two decades, and continuously introducing the industry's highest standard among our human capital management system to promote the integration of human resource management and process management, technology management, and business management. On July 10, 2008, Neusoft successfully passed PCMM Level 3 appraisal, and based on this, Neusoft officially launched the HCMS (Human Capital Management System) in January 2009, and then promoted its application throughout the company. Meanwhile, Neusoft initiated the improvement and appraisal project for PCMM Level 5, and after nearly three years of unremitting efforts, especially in the pilot business unit of AVNC&IS, completed a number of cycles of human resources improvement and innovations, and passed the PCMM Level 5 certification on June 30, 2011, revealing our continuous commitment in human resource management and capability improvement."

Dr. Liu Jiren, Chairman & CEO of Neusoft said: "2011 is Neusoft's 20th anniversary, and we have just released our future development strategies, including business model innovation, globalization and operational excellence etc. to enhance the company's capability for future sustainable development. Neusoft will continue to build an efficient company through optimizing in organization, technology, culture, leadership and human resources etc., and human capital management is one of the company's core development competencies. Neusoft successfully passed the PCMM Level 5 appraisal that will provide a strong guarantee in the human resource supply for the company's large-scale and fast development in the global markets, and will accumulate valuable experience for Chinese enterprises to improve human resource management, while also creating a vast potential for China's enterprises to participate and compete in the global markets."