PAYNOVA’S ASSOCIATED COMPANY CHINOVA OPENING CHINA TO WESTERN E-MERCHANTS

Paynova’s associated company in China – Chinova – is holding a seminar for Western e-merchants eager to enter the fast-growing Chinese market. The seminar is being organized together with the Ministry of Commerce of the People’s Republic of China (MOFCOM) and ChinaPay, together with Chinova partners Litium, Intertek and Shanghai Media Group.

During the seminar, experts in e-marketing, conversion strategy and product compliance will provide facts, news and inspiration to online retailers interested in reaching the world’s largest market. A number of Swedish e-merchants will also take part and describe their own path into China.

Date: 28 September 2010

Place: Swedish Pavilion, Shanghai Expo 2010, Shanghai

Registration: monica.cheng@chinova.com

Stockholm, 25 August 2010

Paynova AB (publ)

FOR FURTHER INFORMATION, PLEASE CONTACT

Simon Thaning, CEO Paynova

Telephone: +46 8 – 517 100 14

Mobile: +46 70 – 787 19 70

ABOUT PAYNOVA

Paynova is a leading provider of Internet-based payment services. The company caters primarily to major e-merchants and offers a basic service and a number of optional services, including advanced fraud protection. Paynova also offers a comprehensive service, including payment, that enables Western online merchants to sell their products on the Chinese market. The company has been listed on NGM Equity since February 2004. For more information visit www.paynova.com.