FOR IMMEDIATE RELEASE
EFUTURE ANNOUNCES SALE OF STAKE IN SUBSIDIARY BFUTURE
BEIJING — August 31, 2010 — eFuture Information Technology Inc. (Nasdaq: EFUT, “eFuture” or the
“Company”), a leading provider of software and services in China's retail and consumer goods industries, today
announced that it recently sold its 51% ownership stake in bFuture Information Technology Co., Ltd.
(“bFuture”), one of China’s leading Software-as-a-Service (“SaaS”) providers in the retail and consumer goods
industry, to Mr. Peter Jiang, bFuture’s Founder and Chief Executive Officer, for RMB3.468 million. The
Company, which initially purchased its stake in bFuture in November 2007, completed the sale to Mr. Jiang
recently. The transaction is not expected to have a material impact on eFuture’s financial results or ongoing
A committee comprised of eFuture’s independent directors reviewed the structure of the transaction. eFuture
believes that the sale of its bFuture stake was fairly priced and in the best interests of its shareholders. The
independent committee’s review took into consideration bFuture’s current negative book value and recent
financial performance, which includes a net gain in 2008 and net loss in 2009, with no major changes in its
financial positioning anticipated in 2010.
Mr. Adam Yan, Chairman, Chief Executive Officer and Acting Chief Financial Officer of eFuture, said, “As we
strive to assemble a broad set of fundamentally strong services and business units, we believe this move
represents a financially prudent decision for eFuture and its shareholders. We now look forward to focusing on
our strategy of strengthening our software core business, optimizing our revenue mix by increasing recurring
maintenance service and eService revenues, strengthening our penetration into tier-2 and tier-3 cities, and using
innovation to further broaden our service offering.”
About eFuture Information Technology Inc.
eFuture Information Technology Inc. (Nasdaq: EFUT) i