ING BEIJING<01062> - Exceptional Price Movement

The Stock Exchange has received a message from ING Beijing Investment 
Company Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 

We have noted the recent decreases in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realisations which are discloseable under 
paragraph 3 of the Listing Agreement, neither is the Board aware of any 
matter discloseable under the general obligation imposed by paragraph 2 of 
the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of ING Beijing Investment Company Limited 
the directors of which individually and jointly accept responsibility for 
the accuracy of this statement.

Stephen Sek Kee Yu

Dated this the 30th day of April 2003"