SHANGHAI GROWTH<0770> - Results Announcement

Shanghai International Shanghai Growth Investment Limited announced on 
8/8/2000:
(stock code: 770)
Year end date: 31/12/2000
Currency: USD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999

Turnover
    - Continuing                         : 3,679,643        4,376,052
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 2,317,334        2,107,943
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 2,317,334        2,107,943
Share of Profit/(Loss) of
  Associated Companies                   : N/A              N/A
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit/(Loss) after Tax
  & MI                                   : 2,142,334        2,107,943
% Change over Last Period                : +1.6%
EPS/(LPS)-Basic                          : 23.76 cents      22.52 cents
         -Diluted                        : Nil              Nil
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 2,142,334        2,107,943
Special Dividend per Share               : US$3.00          Nil
(Specify if with other options)          : N/A              N/A
B/C Dates for Special Dividend           : 24/8/2000 to 28/8/2000 bdi.
Payable Date                             : 7/9/2000
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

(1) Last corresponding results were re-classified to conform with that of 
current period.

(2) Taxation was provided for the current period. No provision was made in 
the last corresponding period.