REG-Geong International Limited: AGM Statement

Thu Sep 20, 2012 2:00am EDT

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GEONG International Limited                          

                          ("GEONG" or "the Company")                           

                                 AGM Statement                                 

At the AGM of GEONG International Limited (AIM: GNG), the AIM listed, China
based provider of enterprise content management (ECM) software and solutions,
to be held this morning, Henry Tse, Chairman of the Company, will make the
following statement:

"In the first 5 months of this financial year, the Company has continued to
focus upon growing its IaaS business with its top 10 clients and on growing its
SaaS business with its top 20 clients. The new version of the SaaS solution,
Enterprises' Social Business, is moving to a cloud computing platform which
will be announced soon. The Company's aim this year is to consolidate its
revenue base at levels achieved in the previous year with an improved mix and
the Board remains confident of achieving that objective. The growth rate of the
Chinese economy is decreasing and the Board expects that the Company's clients
will, consequently, experience some level of slowdown which cannot be
quantified at this stage.

The Company had a net (ie after taking account of the £2.5 m of convertible
unsecured loan stock) cash balance of £2.2m as at 31 August 2012. The loan
stock is repayable on 30 June 2014 subject to the noteholders not having
previously elected to convert it into shares.

The first half of the financial year is traditionally the quieter period; the
Company has kept a strict control of its costs and ensured a continuing focus
on its working capital.


The Company will provide a detailed interim trading update in early November
and expects to announce interim results for the six months ending 30 September
2012 in early December 2012."


For further information, please contact:


GEONG International Limited www.geong.com Tel: +86 10 8586 9655
Henry Tse, Chairman
Weidong Wang, CEO
Amit Thakar, CFO



Financial Adviser and Joint Broker
Evolution Securities China Ltd Tel: +44 (0)20 3362 8882
Tim Worlledge


Nomad and joint broker

finnCap Tel: +44 (0) 20 7220 0500

Stuart Andrews

Ben Thompson



About GEONG International Limited


GEONG is recognised as a leading independent Internet software solutions
provider and operator for large enterprises in China.

Registered in Jersey, the Company's operations are headquartered in Beijing,
China. GEONG International Ltd. (GEONG or the Company) has been quoted on the
London Stock Exchange (LSE AIM: GNG.L) since June 2006. The Company has since
transformed from an ECM (Enterprise Content Management) software and service
centric business to an internet business centric company.

GEONG is an internet solutions and service software company managed by a world
class management and professional team who collectively own 26% of the
business. The Company's mission is to help its clients to improve their
business efficiency and customer satisfaction through smarter internet
applications.

For more information, please visit www.geong.com



END
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