Investment Service Centre

Listed Companies Information

ING BEIJING<01062> - Exceptional Price & Turnover Movements

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 and increases in trading 
volume of the shares of the Company and wish to state that we are not 
aware of any reasons for such decreases and increases.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realisations which are discloseable under 
rule 13.23, neither is the Board aware of any matter discloseable under 
the general obligation imposed by rule 13.09, 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.

Lawrence H. Wood

Dated this the 20th day of May 2004

The directors of the Company as at the date hereof are Mr. Liu Xian 
Guang, Mr. Cheng Bing Ren, Mr. Yu Sek Kee, Mr. Lawrence H. Wood, Mr. Poon 
Kai Leung, Mr. Tong Ng Siu Yee, MR. Liu Xue Min and Mr. Kwong Chun Wai,