GEONG International Limited                          

                              ("GEONG" or "the Company")                           

                                     Audit Update                                  
                                                                                   

    GEONG International Limited (AIM: GNG), the AIM listed, Beijing based, provider
    of content management software and solutions, provides the following update on
    its results for the year ended 31 March 2015 as a result of the ongoing audit
    process.

    As announced on 14 September 2015, the Company is reviewing the recoverability
    of its trade debtors and accrued income and believed at that stage that it was
    likely that a material provision would be made against these. The Company has
    now completed further work on this area and believes that the provision will be
    in the order of £12m. In conjunction with the review of accrued income and
    trade debtors the Directors have also reviewed the amounts of accrued revenue
    to be recognised for the current year and now believe that it is inappropriate
    to recognise certain amounts with respect to one particular customer. As a
    consequence revenue is now expected to be circa £5.8m.

    The balances stated above remain subject to the audit process and the Directors
    are making every effort to ensure that this process is completed by 30
    September and the audited accounts are posted to shareholders in accordance
    with AIM Rule 20 by this date.

    As previously announced the £1 million of CULS are due for repayment on 30
    September and it is the Directors' current intention to seek an extension to
    this date as they have previously done. Discussions with respect to this are
    ongoing with Hanafin International Limited.

    Further announcements will be made in due course.

    For further information, please contact:


    GEONG International Limited                  www.geong.com               Tel:
    +86 10 85869655
    Henry Tse, Chairman  
    Weidong Wang, CEO


    Nomad and broker
    finnCap                                                                        
                   Tel: +44 (0) 20 7220 0500
    Stuart Andrews
    Jonny Franklin-Adams


    About GEONG International Limited

    GEONG is recognised as a leading independent Internet software solutions
    provider and operator for large enterprises in China.

    Registered in Jersey, the Company's operations are headquartered in
    Beijing,China. GEONG International Ltd. (GEONG or the Company) has been quoted
    on the London Stock Exchange (LSE AIM: GNG.L) since June 2006. The Company has
    since transformed from an ECM (Enterprise Content Management) software and
    service centric business to an internet business centric company.

    GEONG is an internet solutions and service software company managed by a
    worldclass management and professional team who collectively own 26% of the
    business. The Company's mission is to help its clients to improve their
    business efficiency and customer satisfaction through smarter internet
    applications.

    For more information, please visit www.geong.com