China TransInfo Announces Chairman's Additional $3 Million Share-Repurchase Plan

BEIJING, June 21, 2011 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp. (NASDAQ: CTFO) ("China TransInfo" or the "Company"), a leading provider of comprehensive intelligent transportation solutions ("ITS") in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today announced that Mr. Shudong Xia, the Company's Chairman and Chief Executive Officer, intends to make an additional purchase of up to $3 million of the Company's common shares in open-market transactions during the next twelve months, after having already purchased $2 million worth of stock year-to-date.

"Our stock price has recently declined dramatically, although we have seen no change in the fundamentals of our business or our markets.  This decline has made our company's shares significantly undervalued, in my opinion," said Mr. Shudong Xia, China TransInfo's Chairman and Chief Executive Officer. "Therefore, I intend to invest my own funds to purchase additional shares of our Company's stock, as an indication of my confidence in our Company as well as of my strong belief in the value of our shares."

The share purchases will be made in a manner consistent with China TransInfo's stock-trading policy and relevant securities laws.

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing urban and highway transportation management solutions and information services. The Company is a leading transportation information products and comprehensive solutions provider, and aims to be the largest real time transportation information service provider and major commercial vehicles service provider in China. As the co-formulator of several transportation technology \national standards, the Company owns nine patents and has won a majority of the model cases awarded by the PRC Ministry of Transportation. As a result, the Company is playing a key role in setting the standards for transportation information solutions in China. For more information, please visit the Company's website at http://www.chinatransinfo.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

SOURCE China TransInfo Technology Corp.