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Ninetowns Announces Termination of Investment Trust Plan for Huainan Real Estate Project

BEIJING April 24, 2012 China China February 9, 2012

July 2011 June 2011 China RMB150 million RMB160 million RMB150 million

February 2012 February 3, 2012 RMB160 million RMB13 million RMB150 million RMB23 million

Ninetowns intends to continue the development of the "Smarter Town" project and may seek other alternative financing options in the future.

About Ninetowns Internet Technology Group Company Limited

December 2004 ir.ninetowns.com

Forward-Looking Statements

Certain statements in this press release include forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, customer acceptance and market share gains; competition from companies that have greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; the ability to recruit and retain quality employees as the Company grows; and economic and political conditions globally. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances

Contacts:

Beijing
Daisy Wang

[email protected]

Hong Kong
Mahmoud Siddig

Taylor Rafferty

[email protected]

SOURCE Ninetowns Internet Technology Group Company Limited

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