Yucheng Technologies Limited is engaged in providing information technology (IT), software, solutions and services to China’s banking sector. The Company’s Software and Solutions business enables the Company’s clients to establish and maintain IT platforms to manage their operations and serve their customers’ needs. In addition to Software and Solutions, it also provides Platform and Maintenance Services to its clients. In September 2011, the Company established a joint-venture, Zhejiang Yuxinbanke Information Technologies Limited (Yuxinbanke). In August 2011, the Company acquired a 100% interest in Tianjin Yuchengxin Information Security Technologies Limited (Yuchengxin). In February 2011, the Company established a joint-venture, Beijing Yuxinyicheng Internet Technologies Co., Limited. In December 2012, it merged with New Sihitech Acquisition Limited.