13:45     CHINA INSURANCE<00966> - Results Announcement (1)                   

    China Insurance International Holdings Company Limited announced on       
    23/03/2005:                                                               
    (stock code: 00966 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 7,345,181          4,329,955         
    Profit/(Loss) from Operations      : (121,545)          162,492           
    Finance cost                       : (84,414)           (19,838)          
    Share of Profit/(Loss) of                                                 
      Associates                       : (35,106)           (60,374)          
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (22,935)           140,753           
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.017)            0.106             
             -Diluted (in dollars)     : (0.017)            0.105             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (22,935)           140,753           
    Final Dividend                     : Nil                1.2 cents         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final 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.   Basis of preparation of the financial statements                     
                                                                              
    The measurement basis used in the preparation of the financial            
    statements is historical cost modified by the revaluation of investment   
    properties and the marking to market of certain investments in securities.
                                                                              
    2.   Accounting policies                                                  
    The accounting policies adopted in the 2003 financial statements have been
    consistently applied to the 2004 final results.