China Eastsea Business Software Ltd
18 February 2008



                    CHINA EASTSEA BUSINESS SOFTWARE LIMITED
                                  (AIM: CESG)



                           £1.06m contract completion



China Eastsea Business Software Limited ('China Eastsea', or the 'Company'),
which provides information technology and business process outsourcing services,
announces that it has completed a software and hardware implementation project
for Yanghong Petrochemical worth RMB15m (c. £1.06m). This revenue will
contribute to the full year to 29 February 2008.



This project, implemented in the location of Tai Cang on the East Coast of
China, involved the Company installing all equipment and gauges for Yanghong
Petrochemical's port automation system, as well as changing its information
system database to enhance operational efficiencies and improve productivity
output.



Yanghong Petrochemical is one of China Eastsea's long-term key clients. It
provides crude oil storage and owns many crude oil storage facilities across
China. In the last financial year, the China Eastsea completed the
implementation of a similar project for Yanghong Petrochemical in Nantong,
valued at RMB16m (c. £1.14m).





ENDS



Contacts:


China Eastsea                           Evolution Securities Ltd         Parkgreen Communications Ltd
David Tsui, Financial Director/CFO      Stuart Andrews                   Paul McManus
Tel: +86 574 2880 2289                  Tel: 020 7071 4300               Tel: 020 7479 7933
Mob: +86 138 1668 5470                  stuart.andrews@evosecurities.com Mob: 07980 541 893 
david.tsui@eastseagroup.com                                              paul.mcmanus@parkgreenmedia.com

Angie Chen, Company Secretary           Evolution Securities China Ltd
Tel: +86 10 6298 8850                   Ian Rice
angie@eastseagroup.com                  Tel: 020 7220 4879
www.sinobpo.com                         Mob: 07828 951 158
                                        ian.rice@evolutionchina.com


About China Eastsea

China Eastsea provides information technology and business process outsourcing
services (ITO/BPO), IT consulting and a broad range of project work to clients
in the petrochemical, petroleum, power and telecommunications industries, as
well as to ministries, state authorities, municipalities, agencies and other
organisations throughout the government sector in China. China Eastsea has a
leading position in petrochemical/petroleum IT outsourcing market with Sinopec
Zhenhai Refining & Chemical Company, one of the largest oil refining companies
in China, as its biggest client.



The services provided by the Group include strategic planning, gap analysis,
alignment, business and technology transformation, performance management and
technology selection and optimisation according to best practices. The Group
offers design, development, implementation, control and maintenance relating to
the use, creation, installation or integration of software, hardware, networks,
systems and technologies. It also provides total ERP solutions from design to
development, implementation, training and maintenance.



The Group has proprietary technology on a management platform provided over
internet, intranet and corporate portals, as well as on information integration.
The Group has successfully leveraged its expertise in search engines and
information management to build customised products to grow its government and
telecommunications IT outsourcing market share.



Financials

For the year ended 28 February 2007 China Eastsea recorded revenues of £8.79m
(2006: £4.36m) and pre-tax profits of £2.23m (2006: £1.28m). Basic earnings per
share rose from 1.82p for the year ended February '06 to 3.35p.

                      This information is provided by RNS
            The company news service from the London Stock Exchange