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NEW CAPITAL<01062> - Results Announcement

New Capital International Investment Limited announced on 20/09/2006:
(stock code: 01062 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ($         )       ($         )
Turnover                           : 592,645            374,940           
Profit/(Loss) from Operations      : (3,410,019)        (1,535,830)       
Finance cost                       : N/A                N/A               
Share of Profit/(Loss) of 
  Associates                       : 866,457            (4,360,818)       
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (2,543,562)        (5,896,648)       
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.00403)          (0.00911)         
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (2,543,562)        (5,896,648)       
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:

(1)     Reorganisation and basis of preparation

(a)     Reorganisation

The Company was incorporated in the Cayman Islands on August 1, 2003 as an 
exempted company with limited liability under the Companies Law, Cap. 22 
(Laws of 1961 as consolidated and revised) of the Cayman Islands.  
Pursuant to a reorganisation proposal whereby ING Beijing Investment 
Company Limited ("ING Beijing") would become a wholly owned subsidiary of 
the Company to be implemented by way of a scheme of arrangement under 
section 166 of the Hong Kong Companies Ordinance, Chapter 32 of the Laws 
of Hong Kong ("the Scheme") as stated in a document dated January 13, 2005 
issued to the shareholders of ING Beijing, the Company became the holding 
company of the companies now comprising the group on April 13, 2005, the 
effective date of the Scheme.  This was accomplished by the Company 
acquiring the entire issued share capital of ING Beijing, the then holding 
company of other subsidiaries, as set out in note 13 to the financial 
statements of the Company in 2005 annual report.

The listing of the shares of ING Beijing was withdrawn from The Stock 
Exchange of Hong Kong Limited (the "Stock Exchange") and the Company's 
shares were listed on the Stock Exchange by way of introduction on April 
13, 2005.

(b)     Basis of preparation / Principal accounting policies

The condensed financial statements have been prepared in accordance with 
the applicable disclosure requirements of Appendix 16 to the Rules 
Governing the Listing of Securities on the Stock Exchange and with Hong 
Kong Accounting Standard 34 Interim Financial Reporting issued by the 
HKICPA.

The condensed financial statements have been prepared on the historical 
cost basis except for certain financial instruments, which are measured at 
fair values.

The accounting policies used in the condensed financial statements are 
consistent with those followed in the preparation of the Group's annual 
financial statements for the year ended December 31, 2005.

In the current interim period, the Group has applied, for the first time, 
a number of new standards, amendments and interpretations ("new HKFRSs") 
issued by the HKICPA, which are either effective for accounting periods 
beginning on or after December 1, 2005 or January 1, 2006.  The adoption 
of these new HKFRSs has had no material effect on how the results for the 
current or prior accounting periods are prepared and presented.  
Accordingly, no prior period adjustment has been required.

The Group has not early applied the following new standard, amendment and 
interpretations that have been issued but are not yet effective.  The 
directors of the Company anticipate that the application of these 
standard, amendment or interpretations will have no material impact on the 
results and financial positions of the Group.

HKAS 1 (Amendment)      Capital disclosures 1
HKFRS 7                 Financial instruments: Disclosures 1
HK(IFRIC) - INT 7       Applying the restatement approach under HKAS 29 "
                        Financial Reporting in Hyperinflationary 
                        Economies" 2
HK(IFRIC) - INT 8       Scope of HKFRS 2 3
HK(IFRIC) - INT 9       Reassessment of Embedded Derivatives 4

1   Effective for annual periods beginning on or after January 1, 2007.
2   Effective for annual periods beginning on or after March 1, 2006.
3   Effective for annual periods beginning on or after May 1, 2006.
4   Effective for annual periods beginning on or after June 1, 2006.

(2)     Basic loss per share and diluted loss per share

(a)     Basic loss per share

The calculation of the loss per share attributable to the ordinary equity 
holders of the Company is based on the following data:

                                                Six months ended June 30
                                                2006            2005
                                                HK$             HK$
Loss
  Loss for the purposes of loss per share       2,543,562       5,896,648
                                                =========       ==========
Number of shares
  Weighted average number of ordinary shares 
    for the purpose of basic loss per share     630,513,503    647,114,000
                                                ==========     ===========
 
   = (HK$2,543,562) / 630,513,503 x 100

   = (0.403) cents
     ==============

(b)     Diluted loss per share

No diluted loss per share has been presented as there were no potential 
ordinary shares in both periods.