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Kingsoft WPS Office Wins Chinese Government Funding

Kingsoft PR, 6/23/11

Kingsoft (3888.HK) announced today that one R&D project conducted by subsidiary Kingsoft Office Software has been granted approval and an offer of funding under the Chinese Ministry of Science and Technology (MoST) and Ministry of Industry and Information Technology (MIIT)'s "Core, High, and Basic" (Core Electronics Components, High-end Chips, and Basic Software Products) development initiative. The approval will see Kingsoft Office Software enjoy a variety of policy supports and a favorable development environment.

The Core, High and Basic initiative was announced by the State Council in 2006 as one of 16 major specialized technology projects under the National Medium-and Long-Term (2006-2020) Program Outline for Scientific and Technological Development. In 2009, MoST issued the Notice of Application for Specialized Project of "Core Electronics Components, High-end Chips and Basic Software Products," offering policy support and incentives fostering innovation and industrial development of domestically-developed basic software industries including operating systems, databases, middleware, and office software.

Kingsoft has created and brought to market a broad software product portfolio including office software (Kingsoft WPS Office), web office software (Kingsoft Kuaixie, Kingsoft Kuaisuan), Kingsoft Mobile Office, personal cloud storage (Kingsoft Kuaipan), and Corporate Cloud Storage for traditional user platforms. Kingsoft Mobile Office supports 4 languages: simplified and traditional Chinese, English and Japanese. In August, Kingsoft Mobile Office will be launched simultaneously in the Chinese and Japanese market through pre-installation in smartphones. Kingsoft Kuaipan cloud storage has accumulated more than 4 mln users

in Mainland China and expanded to overseas markets including Japan.

Keywords: government support government initiative Core High and Basic Kingsoft policy software office software MIIT Ministry of Science and Technology 3888.HK WPS Office

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