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Wednesday 02 September, 2009

Geong International Limited

Contract Extensions


02 September 2009

                          GEONG International Limited                          
                          ("GEONG" or "the Company")                           
                                                                               
                              Contract Extensions                              

GEONG International Limited (AIM: GNG), the AIM listed China based provider of
enterprise content management (ECM) software and solutions, is pleased to
announce that a number of its SaaS contracts have recently been extended beyond
2009. The total value of these contracts will now be worth RMB 7.3 million (£
0.7m) to GEONG.

GEONG has signed SaaS contract extensions up to July 2010 with two of its
clients: Xinhua Insurance, a Top 10 insurance company in China; and Huaneng
Capital, the largest energy holding company in China. Both these contracts will
operate on a quarterly payment basis and together will be worth RMB 4.9
million.

A further SaaS contract extension was also signed with Shu Ya to July 2014.
This will operate on a monthly payment term and will be worth an additional RMB
1.2 million to GEONG.

Weidong Wang, Chief Executive of GEONG, commented: "We are delighted to have
signed extension agreements to these contracts. Together these demonstrate the
growing success of GEONG's SaaS platform which was launched in 2008. In
addition, the continued shift in our business toward a SaaS delivery model will
benefit GEONG by improving cash flow over the long term as a result of
increased recurring revenue and accelerated cash inflow."


For further information, please contact:

GEONG International Limited www.geong.com Tel: +86 10 5222 0999
Henry Tse, Chairman
Weidong Wang, CEO
Amit Thakar, CFO

Seymour Pierce Tel: +44 (0)20 7107 8000
John Depasquale

ICIS Tel: +44 (0)20 7651 8688
Bob Huxford
Hilary Millar


About GEONG International Limited

Operational since 2000, GEONG specialises in collaboration and content
management software and services. Its products are specifically tailored for
the Chinese market, where the Company is recognised by Government agencies and
numerous blue chip clients as a leader in its field. GEONG was named The Most
Successful Enterprise in ECM Software in China 2007 to 2008 by China's Centre
for Information Industry Development and CCID Consulting; and one of the
fastest growing companies in Asia at the Deloitte Technology Fast 50 China and
Deloitte Technology Fast 500 Asia Pacific awards. The Company has recently
expanded into North America setting up operations in Canada.


Registered in Jersey, the Company's operations are headquartered in Beijing.
The Company's shares were admitted to AIM in June 2006 and trade under the
ticker GNG.L


For more information, please visit www.geong.com



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