June 21, 2012, VSG Vange Software Group AG successfully listed on Entry Standard of Frankfurt Stock Exchange (“FWB”) under the ISIN code of CH0149557099, issuing 103,276 shares priced at EUR 26 per share.

VSG Software is a leading provider of software solutions for the Chinese housing finance industry.

Jingtian & Gongcheng acted as the underwriter’s lawyer in the listing.