SHENZHEN, China, March 23, 2009,/ Xinhua-PRNewswire /Jingwei International Limited (OTC Bulletin Board: JNGW.OB) (“Jingwei”) today announced financial results for the three months and full year ended December 31, 2008. The Company plans to file its Annual Report on Form 10-K by March 31 2009.

Recent Financial Highlights Include:

• Revenue in 2008 increased 14% to $27.9 million from $24.4 million in 2007
• Operating income in 2008 increased 6% to $8.8 million from $8.3 million in 2007
• Net income in 2008 increased 17% to $9.0 million from $7.7million in 2007
• Fourth quarter 2008 revenue decreased 48% to $4.8 million in 2008 from $9.3 million in the fourth quarter of 2007, and down 44% from $8.6 million in the third quarter of 2008
• Fourth quarter 2008 operating income decreased 88% to $0.4 million in 2008 from $3,2 million in the fourth quarter of 2007, and compared to $2.0 million in the third quarter of 2008
• Fourth quarter 2008 net income drcreased 59% to $1.3 million from $3.2 million in the fourth quarter of 2007, and down 31% from $1.9 million from the third quarter of 2008

Regis Kwong, Chief Executive Officer of Jingwei International, stated “Although the 4th quarter in 2008 has been a very challenging time due to the financial crisis and the delayed issuance of 3G licenses issued to the telecom operators in China, Jingwei was still able to increase its revenue and net profit for the year. With our investment in new products and services in both software and data mining, we are confident that we will continue to grow in 2009 with the anticipated 3G network roll out and increase in domestic consumer spending.”

Full Year Ended December 31, 2008
For the year ended December 31, 2008, revenue increased 14% to $27.9 million from $24.4 million in 2007. During this same time period, gross profit improved 26% to $13.9 million from $11.0 million. For the full year 2008, gross margin related to data mining revenue was approximately 47% and gross margin related to software services revenue was approximately 56%.

The Data Mining sector experienced a 143% increase in revenue year over year, accounting for 66% of total revenue in 2008. The significant growth in the Data Mining sector was the primary contributor to Jingwei’s overall performance in 2008 and offset the seasonal fluctuations in the Consumer Electronic Sales sector. Continuously strong demand in telecom carriers such as China Mobile and China Telecom, along with newly-promoted data-base marketing projects in the retail industry, supported the significant growth of Jingwei’s data mining business in the year of 2008. Because of the global economic downturn, we foresee that in 2009 growth in the retail industry may decrease significantly, which would negatively impact to our future growth in that area. However, the deployment of 3G infrastructure in China national wide to expect to result in increased demand for data minging services, Our software business maintained stable growth in 2008, and accounted to $9.4 million in revenue and accounting for 34% of our total revenue of 2008. We believe that the upgrade in telecom carriers billing and operational analysis systems will result in strong growth in the Software Services sector in 2009.

Overall gross margin is increased by 5% compared to 2007, reaching 50% in 2008. Because of a change in our business strategy during 2008 resulting in the elimination of our low-margin Consumer Electronic Sales business, we have decided to concentrate our resources in the Data Mining and Software business sectors in order to improve our gross profit margin Thus, the low margin business sector has been cut off and overall gross profit margin is improved. The gross margin of the Data Mining sector is decreased by 26% compared to 2007, reaching 46% in 2008, while revenue in this secotr is increased 143% year over year. While the decrease in margin resulted from the change in product mix, we believe that the overall significant increase in revenues more than compensated for this. Going forward, while we recognize the challenges of operating in this environment, we have established a priority of maintaining control over our costs. The gross margin of software services in 2008 decreased by 16% compared to the prior year, reaching 56% with stable growth of revenue of 47% year over year. The recurring revenue generated by software services business moderate the premium, which in turn brings us stable and predictable gross margin of approximately 50%.

Please refer to the table below for a breakdown of gross margin performance for the full year 2008.

Income from operations increased 6% to $8.8 million from $8.3 million in 2007, and net income improved 17% to $9.0 million, or $0.53 per diluted share, from $7.7 million, or $0.48 per diluted share in the prior year.

As of December 31, 2008,Jingwei had a cash balance of $5.5 million and working capital of approximately $26.9 million as of December 31, 2008. The Company had no long term debt as of December 31, 2008.

Three Months Ended December 31, 2008
Fourth quarter 2008 revenue decreased 48% to $4.8 million from $9.3 million in the fourth quarter of 2007, and decreased 44% from $8.6 million in the third quarter of 2008. Revenue from software services decreased 53% to $1.9 million from the prior year’s period, and 27% from $2.6 million in the previous quarter. Revenue from data mining services increased 21% in the fourth quarter of 2008 to $2.9 million, from $2.4 million in the prior year’s period and compared to $6.0 million in the third quarter of 2008. The decrease in revenue is mainly contributed by the downturn of the economy and the negative impact of decreased spending on marketing by the financial, real estate and retail industries.

Gross profit decreased 59% to $1.9 million in the fourth quarter of 2008 from $4.6 million in the fourth quarter of 2007. Gross margins were 40% compared to 50% in the prior year’s period, and compared to 40% in the third quarter of the year. As a result of experiencing pricing pressure, we provided additional functionality to our customers and rendered additional add-ons to our products. Consequently, our production costs could not be reduced in such a highly competitive environment.

For the three months ended December 31, 2008, gross margin related to data mining revenue was approximately 31%, and gross margin related to software services was approximately 53%.

Income from operations decreased to $0.4 million from $3.2 million in the fourth quarter of 2007, and decreased 88% compared to the third quarter of 2008. Operating margin was 8%, compared to 32% in the fourth quarter of 2007 and 23% in the previous quarter. To retain existing customers and gain potential 3G projects, we traveled frequently travels to visit customers and to collect newly-developed requirements, thereby increasing our operating costs. Our entertaining expenses have been significantly reduced, while depreciation and amortization diminishes our operational profit.

In the fourth quarter of 2008, Jingwei realized tax savings of $382,998 as a result of the government’s preferential tax policy as a high-technology company.

Net income decreased $1.9 million to $1.3 million compared to $3.2 million in the fourth quarter of 2007. Earnings per share for the fourth quarter of 2008 was $0.08, compared to $0.20 in the prior year’s period.

Business Update

• During the 4th quarter of 2008, Jingwei’s joint venture with Tsinghua University yielded positive results with the successfully implementation of web harvesting technology used for automatic updating and refreshing of our database.

• Successfully secured trial contracts for billing software and Business Intelligent (BI) services with China Unicom and China Mobile for value added services for 3G users. We are well positioned to provide larger billing software systems for full 3G roll out in several network areas.

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About Jingwei International Limited

Jingwei International Limited ("Jingwei") is a leading integrated marketing company in the fast growing Chinese market. The Company specializes in data mining and customer relationship marketing services in China. Powered by advanced data mining technology and a proprietary database of over 300 million Chinese consumers, Jingwei enables leading Chinese companies as well as international brands to reach their target audiences. The Company's services include market segmentation, customer trend, revenue analysis and direct marketing. Jingwei is evolving into an integrated marketing service provider with targeted campaigns via multi media channels including: interactive mobile, telemarketing, direct mail and new media. For more information, please visit the Company's web site: http://www.jingweicom.com.

Safe Harbor Statement

Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

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