HONG KONG, Dec. 29 /PRNewswire-Asia/ -- Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK stock code: 03888), a leading entertainment and applications software developer, distributor and service provider in China (by market share), today announced that Kingsoft's application software WPS Office is jointly purchased by over ten State-Owned Enterprises which include the Sino Steel Corporation, China General Technology Group, China National Offshore Oil Corporation, China Aerospace Science & Industry Corporation and others through the signing ceremony in Beijing. This purchase indicates another substantial transaction from local enterprises since the last successful procurement by the China State Grid Corporation and 25 other state-owned firms. Previously, the WPS Office had gained recognition from 57 central ministries of China and had been widely used by more than 260 provincial and municipal institutions as well as many large and medium enterprises.

The joint procurement is significant to the software industry in China. The State-Owned Enterprises represent Chinese firms, and these companies are known to have large market size with a vast number of users. Therefore, this procurement opportunity is valuable and precious to software companies. This collective purchase of Kingsoft WPS Office has proven the importance that State-Owned Enterprises have placed on copyright protections in software development. It is also a recognition of the strength of Chinese-developed software and support of the innovation of national software companies. Kingsoft's commitment to innovation and its remarkable results were also acknowledged by the Chinese President Hu Jintao during his visit to the research center of Kingsoft earlier this month.

Through the various product testing assessments and business negotiation of the collective purchase platform for legal software for State-Owned Enterprises, the most suitable and excellent software products were chosen. This not only saved on the cost of purchasing the legal software, but also enhanced the work of legalizing software programs, protected the international reputation of Chinese enterprises and advanced the innovation and development of Chinese software industries.

Mr. GE Ke, Senior Vice President of Kingsoft said: "As the pioneer of Chinese-developed word processing software, the Kingsoft WPS Office is already in its seventh addition and is capable of meeting daily usage and needs for local companies. Hence, the success of this joint purchase has given our company great confidence and motivation to expand our business in the future."

About Kingsoft
Following the commercial launch of its first office applications software WPS 1.0 in 1989, Kingsoft Corporation Limited has now become a leading entertainment and applications software developer, distributor and service provider in China, based on market share. The Company leverages its comprehensive software development platform to offer a wide range of innovative entertainment and applications software.

Kingsoft has several well-known products such as WPS Office, Kingsoft PowerWord, Kingsoft Internet Security, and online games such as the JX Series and The First Myth. In addition, the Company sells various products such as Kingsoft Internet Security and Kingsoft PowerWord to retail consumers, corporate organizations and government agencies in China using online and offline distribution channels.

With its headquarters in Beijing, Kingsoft has multiple research and development centers based in Zhuhai, Beijing, Chengdu, Dalian and Shenzhen. The Company's vision is to create world-class software products that run on every computer. The Company's strategy is to enhance its position as a leading entertainment and application software developer, operator and distributor in China and to expand its presence in certain overseas markets.


For enquiries, please contact:

Kingsoft Corporation Limited
Michelle Feng Harnett
Tel: +86-10-82325515
Email: ir@kingsoft.com

Hill and Knowlton (Asia) Limited
Chelsea Ng
Tel: +852-2894-6240
Email: chelsea.ng@hillandknowlton.com.hk

Tiff Ko
Tel: +852-2894-6208
Email: tiff.ko@hillandknowlton.com.hk

SOURCE Kingsoft Corporation Limited