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eFuture Announces Results of Annual General Meeting of Shareholders

BEIJING, Dec. 11 /PRNewswire-Asia/ -- eFuture Information Technology Inc. (Nasdaq: EFUT) ("eFuture" or the "Company"), a leading provider of software and services in China's retail and consumer goods industries, is pleased to announce the results of its 2009 Annual General Meeting of Shareholders (the "Meeting") held on December 4, 2009, at which a quorum of 78.44% of the Company's issued and outstanding shares were present in person or by proxy. All of the proposals submitted for shareholder approval at the Meeting were approved.

    The voting results on the items submitted for shareholder approval were as

    Proposal 1:     The election of three Class I directors to serve until the
                    annual meeting of shareholders in 2012 or until their
                    successors are duly elected and qualified.

       Director Name            For            Against      Abstain
       Mr. Ming Zhu            2,621,631        --          15,947
       Dr. Dong Cheng          2,621,631        --          15,947
       Mr. Brian Lin           2,621,631        --          15,947

    Proposal 2(A):  The approval of an increase in the number of members of
                    the Company's Board of Directors from seven persons to a
                    range of between seven and eleven persons.

              For                   Against                  Abstain
           2,514,086                123,192                     300

    Proposal 2(B):  The election of one Class II director to serve until the
                    annual meeting of shareholders in 2010 or until his
                    successor is duly elected and qualified, and the election
                    of one Class III director to serve until the annual
                    meeting of shareholders in 2011 or until his successor is
                    duly elected and qualified.

      Director Name          For              Against          Abstain
       Weiquan Ren          2,574,615           --             62,963
       Deliang Tong         2,548,443           --             89,135

    Proposal 3:    The approval of the 2009 Share Incentive Plan.

           For             Against            Abstain      Broker Non-Votes
        1,287,065          23,966             21,236         1,305,311

    Proposal 4:    The approval of the split of the Company's shares at such
                   time and on such terms as the Board of Directors may

              For                   Against                  Abstain
           2,563,807                35,667                   38,104

About eFuture Information Technology Inc.

eFuture Information Technology Inc. (NASDAQ: EFUT) is a leading provider of software and services in China's rapidly growing retail and consumer goods industries. eFuture provides integrated software and services to manufacturers, distributors, wholesalers, logistics companies and retailers in China's front- end supply chain (from factory to consumer) market, especially in the retail and fast moving consumer goods ("FMCG") industries. eFuture currently serves over 15 Fortune 500 companies, over 1000 retailers and over 5,000 suppliers operating in China. eFuture is one of IBM's premier business partners in Asia Pacific and is a strategic partner with Oracle, Microsoft, JDA, Motorola and Samsung Network China. eFuture has over 600 employees and 20 branch offices across China.

For more information about eFuture, please visit http://www.e- future.com.cn/ .

    For investor and media inquiries, please contact:

    Investor Contact:
     Troe Wen, Company Secretary
     eFuture Information Technology Inc.
     Tel:   +86-10-5293-7699
     Email: [email protected]

    Investor Relations (HK):
     Ruby Yim
     Taylor Rafferty
     Tel:   +852-3196-3712
     Email: [email protected]

    Investor Relations (US):
     Mahmoud Siddig
     Taylor Rafferty
     Tel:   +1-212-889-4350
     Email: [email protected]

    Media Contact:
     Jason Marshall
     Taylor Rafferty
     Tel:   +1-212-889-4350
     Email: [email protected]

SOURCE eFuture Information Technology Inc.

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