iSoftStone Selects J.P. Morgan as Depositary Bank

Hong Kong, Februaray 24, 2011 –Leading China-based information technology firm, iSoftStone Holdings Limited (“iSoftStone”), has selected J.P. Morgan as depositary bank in conjunction with its recent USD 161.96 million initial public offering.

With an extensive roster of Greater China and global clients, iSoftStone provides a range of consulting, IT infrastructure and business process outsourcing solutions across the technology, communications, financial services, energy, transportation and public sectors. In order to raise capital and access one of the world’s most liquid markets, iSoftStone elected to list an American Depositary Receipt (“ADR”) program on the New York Stock Exchange (“NYSE”), placing 12,458,334 ADRs at an offer price of USD 13 per ADR. The capital raised included the exercise of the underwriters’ over allotment option.

Jonathan Zhang, Chief Financial Officer, iSoftStone, said: “J.P. Morgan’s depositary receipts team played a key role in assisting with our ADR listing on the NYSE. We chose J.P. Morgan based on their unrivalled global reputation in the DR business and their extensive experience in helping Chinese companies tap new markets. We were delighted with the seamless way in which their Asia Pacific and global DR teams worked together, and we look forward to an ongoing partnership as iSoftStone continues its growth story in China.”

Kenneth Tse, Asia Pacific Head of J.P. Morgan’s depositary receipts group, said: “We thank the team at iSoftStone for giving us an opportunity to help them achieve this strategic objective, and we look forward to building this important relationship. Operating within a highly competitive sector in China, iSoftStone’s ADR listing on the NYSE will help set the company apart from its peers, providing a strong foundation for future success.”

J.P. Morgan is committed to working closely with its clients to design and implement customized depositary receipt programs to achieve their strategic goals and facilitate DR liquidity. J.P. Morgan, which launched the world’s first DR program in 1927 for Selfridges and the first DR program in Asia in 1961 for Sony, continues to serve as depositary receipt bank for leading companies throughout the region. J.P. Morgan provides a full range of ADR and Global Depositary Receipt (“GDR”) services to issuers seeking to have their equity traded on exchanges beyond their home markets. For more information on depositary receipts and international equities, please visit J.P. Morgan’s award-winning website, www.adr.com.

About iSoftStone Holdings Limited
Established in 2001, iSoftStone Holdings Limited (NYSE: ISS) is a leading China-based provider of outsourced technology services, including consulting & solutions, IT services and business process outsourcing services. With more than 9,000 employees, iSoftStone serves its Greater China and global client base across a range of sectors, including the technology, communications, banking, financial services, insurance, energy, transportation and public sectors. For further details, go to www.isoftstone.com.

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, WSS leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world. It has $16.1 trillion in assets under custody and $7.3 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.  

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

This is a link to a third-party site as described in our Weblinking Practices. Note that the third party's privacy policy and security practices may differ from JPMorgan Chase standards. JPMorgan Chase assumes no responsibility nor does it control, endorse or guarantee any aspect of your use of the linked site.