SHANGHAI GROWTH<00770> - Results Announcement

Shanghai International Shanghai Growth Investment Ltd. announced on 22/09/2006:
(stock code: 00770 )
Year end date: 31/12/2006
Currency: USD
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                           : 370,557            899,428           
Profit/(Loss) from Operations      : 583,888            4,777,914         
Finance cost                       : N/A                N/A               
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 583,888            4,777,914         
% Change over Last Period          : -87.78    %
EPS/(LPS)-Basic (in dollars)       : 0.0656             0.5365            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 583,888            4,777,914         
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) The calculation of basic earnings per share is based on the net profit for the period of 
US$583,888 (for the six months ended June 30, 2005: US$4,777,914) and 8,905,000 (for the 
six months ended June 30, 2005: 8,905,000 shares) ordinary shares in issue during the 
period.

No diluted earnings per share has been presented as the Company has no dilutive potential 
ordinary shares outstanding during both periods.