Ninetowns Announces Pricing of Initial Public Offering of American Depositary Shares

Share Name	Share Symbol	Market	Type
Nine Mile Metals Ltd	CSE:NINE	CSE	Common Stock

Share Name

Share Symbol

Market

Type

Nine Mile Metals Ltd

CSE:NINE

CSE

Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.015	-13.64%	0.095	0.095	0.105	0.11	0.095	0.105	170,500	21:00:02

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

-0.015

-13.64%

0.095

0.105

0.11

0.095

0.105

170,500

21:00:02

Ninetowns Announces Pricing of Initial Public Offering of American Depositary Shares

03/12/2004 8:38am

PR Newswire (US)

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Ninetowns Announces Pricing of Initial Public Offering of American Depositary Shares BEIJING, China, December 3 /PRNewswire-FirstCall/ -- Ninetowns Digital World Trade Holdings Limited (NASDAQ:NINE) announced today that its initial public offering of 9,600,000 American Depositary Shares (ADSs), each representing one ordinary share, was priced at US$11.00 per ADS. The ADSs will be listed on the Nasdaq National Market under the symbol "NINE" and the trading of the ADSs is expected to begin today. The offering consists of 6,400,000 ADSs offered by Ninetowns and 3,200,000 ADSs offered by its selling shareholders. The selling shareholders have granted the underwriters an option to purchase up to an additional 1,440,000 ADSs to cover over-allotments. J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Lehman Brothers Inc. and Jefferies Broadview, a division of Jefferies & Company, Inc. are underwriting the offering, with J.P. Morgan Securities Inc. serving as the representative of the underwriters. A copy of the prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc. at 277 Park Avenue, New York, New York 10172 or by telephone at +1-212-902-1000. A registration statement relating to these securities was filed and declared effective by the US Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Ninetowns Digital World Trade Holdings Limited Ninetowns is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. Through its enterprise software products, Ninetowns' customers have the ability to automate import/export processing over the Internet, which is a more cost-effective and efficient alternative to the traditional paper-based method. Contact: Lisa Zheng Investor Relations Ninetowns Digital World Trade Holdings Limited +86-10-6588-2256 DATASOURCE: Ninetowns Digital World Trade Holdings Limited CONTACT: Lisa Zheng, Investor Relations, Ninetowns Digital World Trade Holdings Limited, +86-10-6588-2256,

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