China Ventures Inc. Announces Significant Year to Year Increase in Product Sales.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 26, 2004

China Ventures Inc. (TSX VENTURE:CHV) today issued an update on 2003 product sales volumes. Financial results for 2003 are currently being audited and will be released in due course.

For the year ended December 31, 2003, the company's two main subsidiaries, Today's Teachers Technology and Culture Ltd. (TTTC) and Northern Education Books Ltd. (NEB) both reported large increases in sales volumes. TTTC sold 10,139,000 books in 2003 compared to 3,794,000 books in 2002, an increase of 167%. NEB sold 2,657,000 books in 2003 compared to 516,950 books in 2002, an increase of 415%.

Every major product category increased on a yearly basis with the largest increases in psychology book sales which grew 953% from 253,000 books in 2002 to 2,666,000 books in 2003, and kindergarten book sales which more than doubled from 2,000,000 books to 4,202,000 books.

Ronald Shon, President, said "We are very pleased with sales for 2003. Our previous stated strategy of concentrating in a few niche areas - psychology, kindergarten curriculum and high school supplementary textbooks is paying off. We believe that volumes will continue to increase for the following reasons: First, a number of our products are in the 2nd or 3rd years of their product life and our experience tells us that textbooks sales are highest in the 3rd and 4th years. Second, through our professional knowledge of the demands of the Chinese educational system, we have been able to develop products expeditiously and establish a "first to market" position and in some cases receive the endorsement of various levels of government which greatly enhances our sales effort. For example, as discussed in our press release of July 28, 2003, our psychology series is one of the few in circulation in China currently which meets the national Ministry of Education guidelines in this subject area which has recently become mandatory for all 240 million primary and secondary school students in China. We are proud to be the first product developer to meet these new guidelines. Another example is our announcement of September 22, 2003, in which we discussed the endorsement by the Sichuan Provincial Education Commission of our kindergarten curriculum. This endorsement has opened up a market of 1.8 million kindergarten students. With the tremendous demand for quality educational materials in China and our demonstrated ability to meet market requirements, we believe our company will continue to grow."

C.F. Zhou, Chairman, remarked "These outstanding results indicate that we have delivered on our stated business objectives and have started to deliver on some of the potential opportunities we have spoken about throughout last year. We believe that we can continue to grow both, by anticipating market demand and supplying new and innovative products to satisfy these demands and also by acting as a consolidator acquiring other companies in our industry."

About China Ventures Inc.

CVI is a Canadian-based company focused on providing educational solutions to various segments of the Chinese economy. The admission of China into the WTO and the granting of the 2008 Olympic Games to Beijing have created a growing demand for education, corporate training and extended learning in China which provides significant business opportunities to CVI. On August 2002, CVI acquired Today's Teachers Technology and Culture Ltd. (TTTC) in China to expand its educational operations. TTTC is a 12-year-old educational product distribution company whose product line includes books, software, audio and video materials, and educational training tools. On September 2003, CVI acquired Northern Education Books Ltd. (NEB) which distributes a series of supplementary textbooks, similar to "Coles Notes", for the high school market.

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FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding revenue estimates and future plans and objectives of China Ventures - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including China Ventures' analysis of its product and distribution system and its expectations regarding the effects of anticipated product and distribution changes and the potential benefits of such efforts and activities on China Ventures' results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.