China Ventures Inc. Reports Year-End Results and Financial Results for Chinese Subsidiary.

Business Editors/High-Tech Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 21, 2003

China Ventures Inc. (TSX Venture:CHV) announced today its financial results for the year ended December 31, 2002.

Year-End Highlights: (twelve months ended December 31, 2002 compared with fourteen months ended December 31, 2001, reported in U.S. dollars)

- sales revenue was        $1,350,567, compared with $85,379
- expenses were            $1,143,295 compared with $3,508,401
- net loss was             $779,764 compared with $12,775,347
- loss per share was       $.006 basic compared with $.108 basic

The above financial information is a summary of the Company's consolidated operations for the year ended December 31, 2002 and should be reviewed in conjunction with the Company's full-consolidated financial statements and management discussion released on May 16, 2003.

Ronald Shon, President, remarked that "fiscal 2002 was a year of transition for the Company during which time we ceased business operations of one of our unprofitable subsidiaries, ECN Solutions Ltd. and embarked upon a course which is now producing positive results. The acquisition of Today's Teachers Technology and Culture Ltd. ("TTTC") on August 1, 2002, was a milestone for the Company and has allowed us to focus our efforts in the Chinese education area with the objective of creating a dominant position in the distribution of certain educational products in China."

"We are delighted with the acquisition of TTTC. Since August 1, 2002, TTTC has generated $1,993,000 U.S. in non-consolidated revenues and $631,000 U.S. in non-consolidated operating profit. TTTC will provide the major engine for growth in China Ventures. The proceeds of the private placement which was approved last week will enable us to implement our business plan and proceed with a number of the projects currently under development. While our business is cyclical on a quarter to quarter basis, we feel that we are well positioned now to create a recurring and steadily growing income stream on an annual basis. This will enable us to move closer to our goal of developing a company with a national presence."

China Venture's Annual General Meeting of Shareholders will be held at 10:00 am on Thursday, June 26, 2003 in the Seymour Room, The Hyatt Regency Vancouver, Vancouver, B.C.

About China Ventures Inc.

The admission of China into the WTO and the granting of the 2008 Olympic Games to Beijing have created a significant and growing demand for education, corporate training and extended learning in China. CVI is a Canadian-based company focused on providing these much needed educational solutions to various segments of the Chinese economy in an effort to assist in China's globalization and movement to an open market economy. CVI will continue to work with leading North American education providers and institutions to provide quality educational programs and course materials to its growing client base in China.

About Today's Teachers Technology and Culture Ltd. ("TTTC")

TTTC is an 11-year-old educational product distribution company. Its product line includes books, software, audio and video materials, and educational training tools. This company, which is CVI's 70%-owned subsidiary, develops teaching materials and textbooks based on the various research projects conducted by the Ministry of Education and works very closely with educational committees at the national, provincial and local levels which approve textbooks for use in the Chinese school system.

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