China Growth Stocks

[dirkv]

SHENZHEN, China, June 9, 2017 -- China Information Technology, Inc.
(Nasdaq:CNIT), a provider of cloud-app technologies for Internet-of-Things
(IoT) platforms and internet-based ad distribution and ad screen sharing
systems in China, today announced that chairman and CEO, Mr. Jianghuai
Lin, has purchased 1 million ordinary shares of the company in a private
transaction at a price of $1.20 per share.

This purchase is apart and separate from Mr. Lin's share purchase plan,
announced November 10, 2016, to purchase $1 million worth of the company's
ordinary shares over a one-year period.

Subsequent to this purchase, Mr. Lin now owns a total of 16,886,534 CNIT
ordinary shares, or approximately 42 percent of the company's shares
outstanding.

Mr. Lin said that his new purchase reflects his "strong optimism" on the
potential future value of the company's shares.

CNIT closed at $0.98 in Nasdaq trading yesterday.

About China Information Technology, Inc.
China Information Technology, Inc. (CNIT) is a leading Internet service
company that provides integrated cloud-based solutions enabling innovation
and smart living in the fields of new media, elevator safety management,
education, etc. Through continuous innovation, CNIT is aiming to leverage
its proprietary Cloud-Application-Terminal technology to level the
competitive landscape in the new media industry and deliver value for its
shareholders, employees, customers, and the community. To learn more,
please visit http://www.chinacnit.com.