Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 14/05/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Applied Int'l                  (0519)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 HUNG WONG KAR GEE MIMI                 G  OPT              APPLIED INTERNATIONAL HOLDINGS-           313,000    070296-010200        0.640                1
                                                             LTD.                         

                                        G  OPT              APPLIED INTERNATIONAL HOLDINGS-         5,000,000    030797-020702        0.360                1
                                                             LTD.                         

 HUNG KIN SANG RAYMOND                  G  OPT              APPLIED INTERNATIONAL HOLDINGS-           387,000    070296-060200        0.640                1
                                                             LTD.                         

                                        G  OPT              APPLIED INTERNATIONAL HOLDINGS-         6,000,000    130198-020702        0.360                1
                                                             LTD.                         

 STOCK NAME : Arnhold Hold                   (0102)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LAI KA TAK PATRICK                     G  ORD              ARNHOLD HOLDINGS LTD                    3,000,000    010102-091203        0.592                1

 STOCK NAME : CCT Telecom                    (0138)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 MAK SHIU TONG                          G  ORD              CCT TELECOM HOLDINGS LIMITED            2,200,000    080298-070200        1.920                1

 STOCK NAME : City Telecom                   (1137)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 SIO VENG KUAN CORINNA                  G  ORD              CITY TELECOM (HONG KONG) LTD              200,000                         1.500                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 14/05/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : City Telecom                   (1137)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 SIO VENG KUAN CORINNA                  G  ORD              CITY TELECOM (HONG KONG) LTD              300,000                         1.500                0

                                        G  ORD              CITY TELECOM (HONG KONG) LTD              500,000                         1.200                0

                                        E  ORD              CITY TELECOM (HONG KONG) LTD              200,000           -              -                   0

 STOCK NAME : E & E Int'l                    (0033)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TAM KAM HO WILSON                      G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         3,000,000    120400-110401        0.838                0
                                                            DINGS LTD                     

                                        G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         3,000,000    181199-171100        1.357                0
                                                            DINGS LTD                     

 TSANG MING PUI MARCUS                  G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         3,000,000    120400-110401        0.838                0
                                                            DINGS LTD                     

                                        G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         3,000,000    181199-171100        1.357                0
                                                            DINGS LTD                     

 SO CHEUNG SING DAVID                   G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         3,000,000    120400-110401        0.838                0
                                                            DINGS LTD                     

                                        G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         3,000,000    181198-171199        1.357                0
                                                            DINGS LTD                     

                                        G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         3,000,000    181199-171100        1.357                0
                                                            DINGS LTD                     
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 14/05/99  PAGE:   3
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : E & E Int'l                    (0033)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 SO CHEUNG SING DAVID                   G  ORD              ELEC & ELTEK INTERNATIONAL HOL-         2,750,000    181198-171199        1.494                0
                                                            DINGS LTD                     

 STOCK NAME : HSBC Holdings                  (0005)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 BOND JOHN REGINALD HARTNELL            G  ORD 75P (GBP)    HSBC HOLDINGS PLC                          20,181    121096-121003        7.218                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                          20,181    080397-080304        8.513                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                          25,000    070398-070305        6.518                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                           3,183    010800-310101        5.418                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                          25,000    010499-010406       10.000                0

 STOCK NAME : Kerry Ppt                      (0683)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KUOK KHOON LOONG EDWARD                G  ORD              KERRY PROPERTIES LTD                    2,734,375    110499-260307       16.000                1

 ANG KENG LAM                           G  ORD              KERRY PROPERTIES LTD                    1,640,625    110499-260307       16.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD                       100,000    010599-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD                       100,000    010500-300408        8.000                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 14/05/99  PAGE:   4
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Kerry Ppt                      (0683)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 ANG KENG LAM                           G  ORD              SHANGRI-LA ASIA LTD                       100,000    010501-300408        8.000                1

 WONG SIU KONG                          G  ORD              KERRY PROPERTIES LTD                    1,093,750    110499-260307       16.000                1

 ANG KENG LAM                           G  ORD              KERRY PROPERTIES LTD                    1,640,625    110499-260307       16.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD                       100,000    010599-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD                       100,000    010500-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD                       100,000    010501-300408        8.000                1

 STOCK NAME : Shangri-la Asia                (0069)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 ZITA TOMAS CAMPOS                      G  ORD              SHANGRI-LA ASIA LTD.                      100,000    010599-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      100,000    010500-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      100,000    010501-300408        8.000                1

 KUOK KHOON CHEN                        G  ORD              SHANGRI-LA ASIA LTD.                      500,000    010599-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      500,000    010500-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      500,000    010501-300408        8.000                1

 KUOK KHOON HO                          G  ORD              SHANGRI-LA ASIA LTD.                      400,000    010599-300408        8.000                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 14/05/99  PAGE:   5
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Shangri-la Asia                (0069)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KUOK KHOON HO                          G  ORD              SHANGRI-LA ASIA LTD.                      400,000    010500-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      400,000    010501-300408        8.000                1

 YE LONGFEI                             G  ORD              SHANGRI-LA ASIA LTD.                      100,000    010599-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      100,000    010500-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      100,000    010501-300408        8.000                1

 HAYDEN JOHN DAVID                      G  ORD              SHANGRI-LA ASIA LTD.                      400,000    010599-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      400,000    010500-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      400,000    010501-300408        8.000                1

 STOCK NAME : Van Shung Chong                (1001)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 DONG YUEN JIH                          G  ORD              VAN SHUNG CHONG HOLDINGS LTD            2,000,000    150197-150104        1.253               10

 DONG YUEN JIH                          G  ORD              VAN SHUNG CHONG HOLDINGS LTD            2,000,000    150197-150104        1.253               10

                                                                     *****  END OF REPORT  *****


NOTES:


N1     RJP holds an additional 1,300,000 shares and Mrs. Mimi Hung
       holding an additional 2,570,000 shares in Applied which
       were inadvertently left out in the SDI notices in February
       1999.

N2     Revised

N3     Date of transaction : 03/05/99 - 07/05/99

       On 24/03/99, the Stock Exchange of Hong Kong Limited had
       granted permission to Culturecom Holdings Limited (the
       "Company") to issue option (the "Option") and granted
       permission to the listing of and dealing in the 130,000,000
       option shares ("Option Shares").  The Company accordingly
       granted the Option to certain placees to subscribe for
       further 130,000,000 Option Shares in the Company.

       On 05/05/99, three of the placees exercise their rights to
       subscribe for 21,000,000 Option Shares in the Company. 
       Therefore, the issued share capital of the Company had been
       increased from 1,435,159,642 to 1,456,159,642.

       On 07/05/99, eight of the placees exercise their rights to
       subscribe for 50,800,000 Option Shares in the Company. 
       Therefore, the issued share capital of the Company had been
       increased from 1,456,159,642 to 1,506,959,642.
       
N4     Disposal of 6,000,000 shares on 26 March 1999 and 1,280,000
       shares on 4 May 1999.

N5     Disposals were made from 05/05/99 to 11/05/99 at prices
       ranging from $0.127 to $0.180 per share.

N6     Automatic reinvestment of dividend by PEP Manager.

N7     Bonus Issue