09:44     ING BEIJING<01062> - Announcement (2)                               

    special resolution passed at the EGM was as follows:                      
                                                                              
            Number of Shares (%)                                              
            For          Against                                              
    Special resolution to approve the Scheme**                                
            215,220,000  1,930,000                                            
            (99.11%)     (0.89%)                                              
                                                                              
    **        The full text of the resolution was set out in the Notice of    
    the EGM dated 13 January 2005.                                            
                                                                              
    The Company's share registrar, Standard Registrars Limited, acted as the  
    scrutineer of the vote-taking of the poll in the EGM.                     
                                                                              
    The ordinary resolution to approve the adoption of the Newco Share        
    Option Scheme was duly passed by the Shareholders by way of show of       
    hands at the EGM. There was no Shareholder entitled to attend and vote    
    only against the resolutions at the EGM and no person was required to     
    abstain from voting at the EGM.                                           
                                                                              
    GENERAL                                                                   
                                                                              
    Shareholders are reminded that the Scheme is still subject to certain     
    conditions as set out in the Scheme Document and therefore the Scheme     
    may or may not proceed.                                                   
                                                                              
    The date of the hearing by the Court of the petition to sanction the      
    Scheme will be fixed shortly and the expected timetable for the Scheme    
    to take effect as set out in the Scheme Document is subject to change. A  
    separate announcement will be made by the Company if there is any change  
    in the expected timetable.                                                
                                                                              
    As at the date of this announcement, the Board comprises four executive   
    directors, namely, Messrs. Liu Xiao Guang, Cheng Bing Ren, Lawrence H.    
    Wood and Yu Sek Kee, Stephen, three non-executive directors, namely, Dr.  
    Poon Kai Leung, James, Mr. Tong Ng Siu Yee, and Mr. Liu Xue Min, and      
    three independent non-executive directors, namely, Mr. To Chun Kei, Dr.   
    Kwong Chun Wai, and Mr. Fung Tze Wa.                                      
                                                                              
                                                                              
                                                                              
    By order of the Board                                                     
    ING BEIJING INVESTMENT COMPANY LIMITED                                    
    Lawrence H. Wood                                                          
    Director                                                                  
    Hong Kong, 7 February 2005