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SYSCAN Tech Renamed as China Innovationpay and Joins Hands with Yinsheng

June 9, 2011 - Tokyo

China Innovationpay Group Limited (the "Company") is pleased to announce that SYSCAN Technology Holdings Limited (8083.HK) has officially changed its name to "China Innovationpay Group Limited". Meanwhile, the Company, together with Yinsheng E-Pay Co., Ltd. and Kanghui Financial (Beijing) E-Commerce Co., Ltd. ("Kanghui E-Commerce"), held a signing ceremony for a cooperation project on marketing and sales of Yinsheng Prepaid Card.

The Company also announces the appointment of Mr. Xia Bin as the chief economic consultant of the Group. Mr. Xia is a consellor of the State Council of the People's Republic of China, a member of the Monetary Policy Commission of the People's Bank of China and Director of the Finance Research Institute of the Development Research Center of the State Council.

China Innovationpay is principally engaged in financial payment business and is committed to provide diversified means of e-payment for corporate clients and individual consumers. The Company operates in ten major cities such as Beijing Shanghai and Shenzhen currently.

About China Innovationpay Group

Established in 1996, China Innovationpay Group Limited, (formerly SYSCAN Technology Holdings Limited), is a leading 2D barcode technology, product and solutions provider in China. The Group is dedicated to developing barcode and laser reader equipment in different fields of business. It has adopted 2D barcode technology in bank card, ID card identification device, as well as a sourcing and tracking system for food and medical products. Please visit

Source: China Innovationpay Group


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