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Ninetowns looks at impact of export quality inspection.

INTERNET BUSINESS NEWS-(C)1995-2013 M2 COMMUNICATIONS

Ninetowns Internet Technology Group Company Ltd. (NASDAQ: NINE) said it expects its net revenues and net income to be adversely affected by recent changes to the Catalogue of Import and Export Commodities Subject to Inspection and Quarantine by the Entry-Exit Inspection and Quarantine Authorities.

On August 1, 2013, the General Administration of Quality Supervision, Inspection and Quarantine of the PRC announced certain changes to the Catalogue. Beginning on August 15, 2013, 1,507 categories of items that were originally contained in the catalogue are no longer subject to quality inspection prior to export, although 87 categories will still be subject to animal and plant quarantine inspection prior to export after the change to the catalogue.

Ninetowns is a provider of online solutions for international trade, with its key services in automating import/export e-filing. More information can be found at ir.ninetowns.com.

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Publication:Internet Business News
Date:Aug 26, 2013
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