Half-yearly Report - Correction

20 Dec 2011 17:48

20 December 2011FOR IMMEDIATE RELEASE GEONG International Limited ("Geong" or the "Company") CORRECTION: Interim Results

With reference to note 3 to the Condensed Group Interim Financial Statements in the interim results statement released by the Company earlier today, we have amended the breakdown of revenue, expenses and results for the 6 months ended 30 September 2010. The breakdown for the 6 months ended 30 September 2011 is unchanged. Accordingly we now issue the following replacement for note 3 to the Condensed Group Interim Financial Statements, entitled "Segment Reporting".

6 months ended 6 months ended 30 September 30 September 2011 2010 IaaS SaaS Consolidated IaaS SaaS Consolidated £'000 £'000 £'000 £'000 £'000 £'000 Revenue and Expenses Revenue 3,630 1,119 4,749 4,065 644 4,709 Inter-segment - - - revenue Total Revenue 3,630 1,119 4,749 4,065 644 4,709 Results Segment results 1,776 629 2,405 1,985 359 2,344 Unallocated expenses (1,534) (1,590) Results from 871 754operating activities Finance expenses (104) 0(net) Other income (33) (87)(expenses) Share option expense (22) 0 Income tax expenses (274) (170) Profit for the 438 497period Assets and liabilities Segment assets 15,736 4,851 20,587 12,044 5,162 17,206 Unallocated assets 8,234 4,481 Total assets 28,821 21,687

Segment liabilities 4,691 1,446 6,137 1,877 1,252 3,129

Unallocated 3,326 liabilities 2,266 Total liabilities 9,463 5,395

For further information, please contact:

GEONG International Limited www.geong.com Tel: +86 10 5222 0999Henry Tse, Chairman Weidong Wang, CEOAmit Thakar, CFO Evolution Securities Limited Tel: +44 20 7071 4300

(Nominated Adviser and Joint Broker)

Tim Worlledge Esther Lee

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 theLondon Stock Exchange since June 2006. The Company has sincetransformed from an ECM (Enterprise Content Management) software and servicecentric business to an internet business centric company and both revenues andprofits have almost trebled over the last six years.

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