[Oct. 27, 2006 Xi’an China] --- UFIDA Software Engineering Co., Ltd. signed ITO contract with Ace Group, the world second largest insurance group at the 3rd China International BPO Conference held in Xi’an, Shaanxi Province. Mr. Hidemasa Yamoto, Executive Director/CFO of ACE Japan and Mr. Kai Shao, President/CEO of UFIDA Software Engineering signed their names on the business cooperation agreement together. Director of Business Hall of Shanxi province Li Xuemei, Commissioner of Municipal Committee of Xi’an and leaders of Xi’an Technology Park Jing Junhai were present and witnessed this momentous ceremony.

 [Source: www.huashphoto.com]

"ITO services prescribed in the contract covers development and maintenance of mainframe computer system, development and maintenance of Web application software, IT system support, BPO, etc,”  Mr. Hidemasa Bundo, the CIO of ACE Japan, said, "Both the services included and levels of these services are of innovative significance in China software and IT outsourcing services.”

With the signature of the ITO contract, UFIDA Software Engineering and ACE Group will begin their overall cooperation in software and IT outsourcing services. With its global delivery system, UFIDA Software Engineering will create more values for ACE Group in more spheres and areas of insurance business. This total IT outsourcing contract indicates UFIDA Software Engineering is competent to undertake IT outsourcing service of top global enterprises.

About ACE

ACE is top financial insurance group in the world committed to all kinds of property insurances and re-insurance.  The group was invested and founded in 1985 by 34 companies of world fortune 500 and came into the market in 1993 in New York Stock Exchange.  Under ACE Limited, ACE INA, ACE US, ACE TEMPEST RE., ACE BERMUDA and other branches of ACE are present in more than 50 countries in the world. Global employees of ACE are about 9000. For more information, please visit www.acelimited.com.

About UFIDA Software Engineering Co., Ltd.

UFIDA Software Engineering Co., Ltd (hereinafter abbreviated as USE) is committed in software development and services providing worldwide. With persistent efforts in improvement of software development and quality, USE has been a leading global provider in IT application consulting, software system development, related IT operation and support services in mainland China, Japan, Europe and America. As one of the CMM Level 5 certified software services companies in the world, USE adds exceptional values to our clients through professional IT services.

Headquartered in Beijing, UFIDA Software Engineering has established 5 branches in Shanghai, Xi'an, Dalian, and Chengdu in China, one branch in Tokyo in Japan, and one representative office in New Jersey, USA. USE Global employees reached 600 in 2006. For more information, please visit http://www.use.com.cn.