Kingtone Wirelessinfo Solution Holding Ltd Announces Reverse Stock Split

XI'AN, China, Nov. 5, 2012

The Reverse Split is expected to be effective November 6, 2012.  The par value of each New Share will be $0.01, equal to the aggregate of the par value of ten Old Shares combined.  The ratio between each American Depositary Share ("ADS") and its underlying ordinary share post-Reverse Split remains the same, namely, one ADR remains to represent one New Share.

The Company's ADSs will be trading under the new CUSIP number 496880105 upon the effectiveness of the Reverse Split.  No change will be made to the trading symbol except a "D" will be added on the ticker symbol once the Reverse Split is effective and will be removed 30 days thereafter.  

As a result of the Reverse Split, the price of the ADS is expected to automatically increase proportionally. Although the purpose of this Reverse Spit is to maintain the continued listing of the ADSs on NASDAQ, the Company can give no assurance that this goal will be achieved.

About Kingtone Wirelessinfo Solution Holding Ltd

Kingtone Wirelessinfo Solution Holding Ltd (KONE) is a China-based developer and provider of mobile enterprise solutions. The Company's products, known as mobile enterprise solutions, extend a company's or enterprise's information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices and platforms.

For more information, please visit Kingtone's website at http: www.kingtoneinfo.com.  The Company routinely posts important information on its website.