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ING BEIJING<01062> - Results Announcement

ING Beijing Investment Company Limited announced on  17/9/2004:
(stock code: 01062 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2004      from 1/1/2003  
                                     to 30/6/2004       to 30/6/2003  
                               Note  ($         )       ($         )
Turnover                           : 467,099            408,939           
Profit/(Loss) from Operations      : 12,492,430         12,571,120        
Finance cost                       : N/A                N/A               
Share of Profit/(Loss) of 
  Associates                       : (3,159,414)        (1,092,863)       
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (2,326,647)        1,136,020         
Profit/(Loss) after Tax & MI       : 7,006,369          12,558,916        
% Change over Last Period          : -44.212    %
EPS/(LPS)-Basic (in dollars)       : 0.01299            0.02328           
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 7,006,369          12,558,916        
Interim Dividend                   : Nil                Nil               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

Basic EPS and diluted EPS for the period ended June 30, 2004                    

Basic EPS                       

The calculation of basic earnings per share is based on profit 
attributable to shareholders of $7,006,369 and on 539,514,000 ordinary 
shares in issue during the period.              

        =$7,006,369 / 539,514,000               

        =1.299 cents            
         ============                   

Diluted EPS                     

Diluted earnings per share is not shown for the period ended June 30, 2004 
as the potential ordinary shares are anti-dilutive.