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Rigrodsky & Long, P.A. Investigates Jingwei International Limited's Receipt of A Going Private Proposal for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Jingwei International Limited (“Jingwei” or the “Company”) (Nasdaq: JNGW) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from George (Jianguo) Du, Chairman and CEO of the Company, for a “going private” transaction designed to eliminate Jingwei’s status as a public company in the United States (the “Proposal”).

The Proposal contemplates a reverse stock split transaction that would include a reverse split at a 1-for-50,000 share ratio followed by a cancellation of all fractional shares below one whole share at a per share price of $1.56.  To the extent necessary to finance the proposed transaction, Mr. Du is willing to provide funding to Jingwei at a price of $1.56 per share to fund the cancellation of fractional shares following a reverse split in order to effect the going-private transaction, which would be financed solely through available personal funds.  Mr. Du already owns approximately 41.1% of the Company’s outstanding shares.

The investigation concerns the board of directors’ process for consideration of the proposed transaction, whether Jingwei is acting in its shareholders’ best interests and whether the proposed consideration to be paid to Jingwei’s shareholders would be fair and adequate.

If you own the common stock of Jingwei and purchased your shares before January 6, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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