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, announces that as part of the
    ongoing audit process it is reviewing the recoverability of its trade debtors
    and accrued income which as at the interim date stood at £21.6m. While a final
    conclusion has not yet been reached, the directors believe that they are likely
    to conclude that a significant provision will be required against these.

    Further announcements will be made in due course.


    For further information, please contact:

    GEONG International Limited                             Tel: +86 10 8586 9655

    Henry Tse, Chairman

    Weidong Wang, CEO

    finnCap Ltd - Nomad and broker                        Tel: +44 (0) 20 7220 0500

    Jonny Franklin-Adams / Scott Mathieson