Audit update

GEONG INTERNATIONAL LIMITED - Audit update

PR Newswire

London, September 14

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