China Eastsea Business Software Ltd
28 February 2008




            China Eastsea Business Software Limited (the 'Company')
                                  (AIM: CESG)

            Issue of 1M new shares and shareholdings of the Company



China Eastsea Business Software Limited ('China Eastsea', or the 'Company'),
which provides information technology and business process outsourcing services,
announces that it has raised GBP 330,000 by issuing of 1,000,000 new ordinary
shares of 5 pence each  at 33 pence each to investment company, Good Hope Group
Limited. The proceeds will be used to further the strategic aims of the Company.

Following the issue of the 1,000,000 new ordinary shares, the total issued
ordinary shares of the Company is 70,462,000.

Application has been made for the 1,000,000 new ordinary shares to be admitted
to trading on AIM. It is expected that admission will occur on 28 February 2008.

It was notified by London Asia Capital plc on 27 February 2008 that they no
longer hold a disclosable interest in the Company.



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