Longtop Financial Technologies Limited Announces it Will Release Financial Results on May 23, 2011, for its Fourth Quarter and Full Year Ended March 31, 2011 and Issues Statement on its Policy with Regards to Market Rumors

In addition, Longtop states that its policy is not to comment on unusual market activity or rumors. In view of the unusual market activity in the stock of Longtop Financial Tech Limited, the NYSE has contacted the company in accordance with its usual practice; as a result of the market activity in the stock; the company has stated to the NYSE that its policy is not to comment on unusual market activity or rumors.

Longtop's senior management team will host a conference call and audio web cast at 8:00 AM U.S. Eastern Time on May 23, 2011. (or 5:00 AM U.S. Pacific Time on May 23, 2011, and 8:00 PM Beijing/Hong Kong time on May 23, 2011.) The conference call will last for approximately one hour.

The dial-in numbers for the conference call are as follows:

U.S. Toll Free: 1866 549 1292 (back-up number: +852 3005 2050)

China Toll Free: 400 681 6949 (back-up number: +852 3005 2050)

Hong Kong and International: +852 3005 2050.

Passcode: 765115#

A live and archived web cast of this call will be available on Longtop's website at http://en.longtop.com/.

To participate on the meeting or call, please R.S.V.P. to Charles Zhang by email at ir@longtop.com.

About Longtop Financial Technologies Limited

Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop is the highest ranked Chinese financial technology provider on the Global FinTech 100 survey of top technology partners to the financial services industry. Independent research firm IDC has also named Longtop the No.1 market share leader in Chinas Banking IT solution market and the No.2 market share leader in Chinas Insurance IT solution market in calendar year 2009. Headquartered in Beijing, Longtop has six solution delivery centers, three research and development centers and 95 ATM service centers located in 27 out of 31 provinces in China.

For more information, please visit: http://www.longtop.com .