CHINA EASTSEA BUSINESS SOFTWARE LIMITED

('China Eastsea' or 'the Company')

Change of Financial Director 

China Eastsea (AIM: CESG), which provides information technology and business process outsourcing services, announces the resignation of David Kar-Ning Tsui from the post of Chief Financial Officer ('CFO') and Finance Director of the Company with effect from 30 June 2009.

David has contributed significantly to the overall finance function of the group since his appointment, in particular his involvement in taking the Company from PLUS market to AIM and subsequent stages. China Eastsea wishes to thank and formally acknowledge the valuable contribution David Tsui has made to the group during his tenure as CFO and Financial Director 

In addition, the company has appointed Mr. Jiarong Chen to replace David Tsui as CFO and Finance Director of the Company with effect from 1 July 2009. Mr. Jiarong Chen (aged 39) joined the Company in April 2002 and recently worked as the CFO's assistant having been involved in all areas of financial management, M&A and the implementation of internal control procedures. He has 14 years financial experience having graduated from Capital University of Economics and Business of China and holds a Bachelor Degree of Accounting. Before joining the Company, he worked as Accountant and Futures Clearing Member in Huayuan Investment Group, Headquarter Accountant of Beijing Institute of Clothing Import & Export Co. Ltd., and Financial Manager of Linefan Technology Holdings Ltd. respectively.

Mr. Jiarong Chen owns or is interested in 19,000 share options in the Company which have an exercise price of 22.11p each.

There are no further matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule 2 of the AIM Rules for Companies. 

Enquiries: