GEONG International Limited                          

                              ("Geong" or the "Company")                           

                              Geong International Limited                          

                                   Rule 2.10 Update                                

    In accordance with Rule 2.10 of the Code, Geong confirms that, as of the date
    of the announcement, it has in issue 37,834,622 ordinary shares of 1 penny each
    ("Ordinary Shares") with no Ordinary Shares held in treasury. In addition to
    this, Geong has £1m of convertible unsecured loan stock, which is convertible
    into Ordinary Shares at a price of 5 pence per Ordinary Share and is due to be
    redeemed on 30 September 2015. This equates to 20,000,000 Ordinary Shares,
    which if converted, would represent 34.6% of Geong's issued share capital. The
    International Securities Identification Number ("ISIN") of the Ordinary Shares
    is GB00B1570688. The convertible unsecured loan stock referred to above does
    not have an ISIN.

    For further information, please contact:

    GEONG International
    Limited                                                                Tel: +86
    10 8586 9655

    Henry Tse, Chairman

    Weidong Wang, CEO

    finnCap Ltd - Nomad and broker

    Jonny Franklin-Adams / Scott Mathieson
                                                 Tel: +44 (0) 20 7220 0500

    Disclosure requirements of the Code

    Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
    any class of relevant securities of an offeree company or of any securities
    exchange offeror (being any offeror other than an offeror in respect of which
    it has been announced that its offer is, or is likely to be, solely in cash)
    must make an Opening Position Disclosure following the commencement of the
    offer period and, if later, following the announcement in which any securities
    exchange offeror is first identified. An Opening Position Disclosure must
    contain details of the person's interests and short positions in, and rights to
    subscribe for, any relevant securities of each of (i) the offeree company and
    (ii) any securities exchange offeror(s). An Opening Position Disclosure by a
    person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm
    (London time) on the 10th business day following the commencement of the offer
    period and, if appropriate, by no later than 3.30 pm (London time) on the 10th
    business day following the announcement in which any securities exchange
    offeror is first identified. Relevant persons who deal in the relevant
    securities of the offeree company or of a securities exchange offeror prior to
    the deadline for making an Opening Position Disclosure must instead make a
    Dealing Disclosure.

    Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
    or more of any class of relevant securities of the offeree company or of any
    securities exchange offeror must make a Dealing Disclosure if the person deals
    in any relevant securities of the offeree company or of any securities exchange
    offeror. A Dealing Disclosure must contain details of the dealing concerned and
    of the person's interests and short positions in, and rights to subscribe for,
    any relevant securities of each of (i) the offeree company and (ii) any
    securities exchange offeror(s), save to the extent that these details have
    previously been disclosed under Rule 8. A Dealing Disclosure by a person to
    whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on
    the business day following the date of the relevant dealing.

    If two or more persons act together pursuant to an agreement or understanding,
    whether formal or informal, to acquire or control an interest in relevant
    securities of an offeree company or a securities exchange offeror, they will be
    deemed to be a single person for the purpose of Rule 8.3.

    Opening Position Disclosures must also be made by the offeree company and by
    any offeror and Dealing Disclosures must also be made by the offeree company,
    by any offeror and by any persons acting in concert with any of them (see Rules
    8.1, 8.2 and 8.4).

    Details of the offeree and offeror companies in respect of whose relevant
    securities Opening Position Disclosures and Dealing Disclosures must be made
    can be found in the Disclosure Table on the Takeover Panel's website at 
    www.thetakeoverpanel.org.uk, including details of the number of relevant
    securities in issue, when the offer period commenced and when any offeror was
    first identified. You should contact the Panel's Market Surveillance Unit on
    +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
    make an Opening Position Disclosure or a Dealing Disclosure.

    A copy of this announcement will be made available (subject to certain
    restrictions relating to persons resident in restricted jurisdictions) at http:
    //www.Geong.com by no later than 12 noon (London time) on 25 August 2015, being
    the date following the date of this announcement.

    Additional Information

    This announcement is not intended to, and does not, constitute or form part of
    any offer, invitation or the solicitation of an offer to purchase, otherwise
    acquire, subscribe for, sell or otherwise dispose of, any securities, or the
    solicitation of any vote or approval in any jurisdiction, pursuant to this
    announcement or otherwise. Any offer, if made, will be made solely by certain
    offer documentation which will contain the full terms and conditions of any
    offer, including details of how it may be accepted.

    The distribution of this announcement in jurisdictions other than the United
    Kingdom and the availability of any offer to shareholders of Geong or Hanafin
    who are not resident in the United Kingdom may be affected by the laws of
    relevant jurisdictions. Therefore any persons who are subject to the laws of
    any jurisdiction other than the United Kingdom or shareholders of Nigeria or
    Ethiopia who are not resident in the United Kingdom will need to inform
    themselves about, and observe, any applicable requirements.