Securities (Disclosure of Interests) Daily Summaries
 

                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 19/05/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : A I Hotels                     (0105)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHEONG KENG HOOI                      ORD                    ASSOCIATED INTERNATIONAL HOTEL-    /  /         13,695,119      13,695,119            0.000
                                                              S LTD.                        

                                       ORD                    TIAN TECK LAND LTD               14/05/99       24,370,420      23,316,420  A         0.940    N3

                                       ORD                    YIK FOK INV HOLDING CO LTD         /  /                 10              10            0.000

                                       ORD                    TIAN TECK INV HOLDING CO LTD       /  /                 25              25            0.000

 STOCK NAME : Chinese Est H                  (0127)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LAU LUEN HUNG JOSEPH                  ORD                    CHINESE ESTATES HOLDINGS LTD.      /  /      1,012,791,603   1,012,791,603            0.000

                                       ORD                    EVERGO CHINA HOLDINGS LTD        14/05/99      700,600,825     700,026,825  A         0.149    N4

                                       ORD                    THE KWONG SANG HONG INT'L LTD      /  /        394,442,047     394,442,047            0.000

                                       1999 WAR               CHINESE ESTATES HOLDINGS LTD.      /  /        101,279,153     101,279,153            0.000

                                       2000 WAR               CHINESE ESTATES HOLDINGS LTD.      /  /        101,279,153     101,279,153            0.000

 STOCK NAME : Chinney Investments            (0216)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 WONG SAI WING JAMES                   ORD                    CHINNEY INVESTMENTS, LTD.          /  /        295,519,324     295,519,324            0.000
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Chinney Investments            (0216)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 WONG SAI WING JAMES                   ORD                    KIN WING CHINNEY HOLDINGS LTD      /  /        208,202,000     208,202,000            0.000

                                       ORD                    HON KWOK LAND INV CO LTD           /  /        572,894,758     572,894,758            0.000

                                       CONV GUARANTEED BOND-  HON KWOK LAND TREASURY LTD       11/05/99     US$2,380,000    US$2,300,000  A         0.000    N7
                                       S                                                    

                                       CONV GUARANTEED BOND-  HON KWOK LAND CAPITAL LTD          /  /       US$2,580,000    US$2,580,000            0.000
                                       S                                                    

 STOCK NAME : Daiwa Associate                (1037)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 WONG NGA CHUNG                        ORD                    DAIWA ASSOCIATE HOLDINGS LTD     13/05/99        1,936,000       5,136,000  D         0.136    N5

 WONG NGA CHUNG                        ORD                    DAIWA ASSOCIATE HOLDINGS LTD     14/05/99                0       1,936,000  D         0.135    N6

 STOCK NAME : Evergo China                   (0631)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LAU LUEN HUNG JOSEPH                  ORD                    EVERGO CHINA HOLDINGS LTD        14/05/99      700,600,825     700,026,825  A         0.149    N4

                                       ORD                    CHINESE ESTATES HOLDINGS LTD       /  /      1,012,791,603   1,012,791,603            0.000
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Giordano Int'l                 (0709)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHAN KUI TIM JIMMY                    ORD                    GIORDANO INTERNATIONAL LIMITED   13/05/99          950,000         900,000  A         4.060

                                       ORD                    GIORDANO INTERNATIONAL LIMITED   14/05/99        1,180,000         950,000  A         3.946

 STOCK NAME : Goldtron Hold                  (0524)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LEE EAN LEAN                          ORD                    GOLDTRON HOLDINGS LIMITED          /  /                  0               0            0.000

                                       ORD                    GOLDTRON LTD                     02/11/95          875,000         750,000  A         0.000

                                       95 WAR                 GOLDTRON LTD                     02/11/95                0         125,000            0.000

 ONG SOON KIAT                         ORD                    GOLDTRON HOLDINGS LIMITED          /  /                  0               0            0.000

                                       ORD                    GOLDTRON LTD                     14/05/99       67,888,000      68,138,000  D         0.170

 STOCK NAME : Hon Kwok Land                  (0160)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 WONG SAI WING JAMES                   ORD                    HON KWOK LAND INVESTMENT CO., -    /  /        572,894,758     572,894,758            0.000
                                                              LTD.                          

                                       ORD                    CHINNEY INVESTMENTS LTD            /  /        295,519,324     295,519,324            0.000

                                       ORD                    KIN WING CHINNEY HOLDINGS LTD      /  /        208,202,000     208,202,000            0.000
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Hon Kwok Land                  (0160)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 WONG SAI WING JAMES                   CONV GUARANTEED BOND-  HON KWOK LAND TREASURY LTD       11/05/99     US$2,380,000    US$2,300,000  A         0.000    N7
                                       S                                                    

                                       CONV GUARANTEDD BOND-  HON KWOK LAND CAPITAL LTD          /  /       US$2,580,000    US$2,580,000            0.000
                                       S                                                    

 STOCK NAME : Kin Yat Hold                   (0638)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHENG CHOR YIP                        ORD                    KIN YAT HOLDINGS LTD             12/05/99      252,450,000     218,450,000  A         0.910

 CHENG CHOR CHIU                       ORD                    KIN YAT HOLDINGS LTD             12/05/99      252,450,000     218,450,000  A         0.910

 CHENG CHOR KIT                        ORD                    KIN YAT HOLDINGS LTD             12/05/99      252,450,000     218,450,000  A         0.910

 STOCK NAME : Kingboard Chem                 (0148)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LAM KA PO                             ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      164,355,500     162,781,500  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LT-    /  /            494,000         494,000            0.000
                                                              D                             

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /            581,900         581,900            0.000
                                       SH                                                   
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 19/05/99  PAGE:   5
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Kingboard Chem                 (0148)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHEUNG KWONG KWAN                     ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      164,878,000     163,304,000  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /            718,000         718,000            0.000
                                                              MITED                         

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /            846,000         846,000            0.000
                                       SH                                                   

 CHAN WING KWAN                        ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      170,358,000     168,784,000  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /          1,348,000       1,348,000            0.000
                                                              MITED                         

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /          1,481,000       1,481,000            0.000
                                       SH                                                   

 CHANG WING YIU                        ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      163,678,000     162,104,000  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /            448,000         448,000            0.000
                                                              MITED                         

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /            423,000         423,000            0.000
                                       SH                                                   

 CHEUNG KWOK WING                      ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      174,062,000     172,488,000  A         1.520    N1
                                                              MITED                         
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Kingboard Chem                 (0148)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHEUNG KWOK WING                      OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /          1,634,000       1,634,000            0.000
                                                              MITED                         

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /          1,904,000       1,904,000            0.000
                                       SH                                                   

 CHEUNG KWOK KEUNG                     ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      165,215,000     163,641,000  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /            808,000         808,000            0.000
                                                              MITED                         

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /            529,000         529,000            0.000
                                       SH                                                   

 CHEUNG KWOK WA                        ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      170,222,000     168,648,000  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /            898,000         898,000            0.000
                                                              MITED                         

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /          1,058,000       1,058,000            0.000
                                       SH                                                   

 LUM GUM WUN                           ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      166,092,000     164,518,000  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /            898,000         898,000            0.000
                                                              MITED                         
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Kingboard Chem                 (0148)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LUM GUM WUN                           NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /          1,058,000       1,058,000            0.000
                                       SH                                                   

 CHEUNG KWOK PING                      ORD                    KINGBOARD CHEMICAL HOLDINGS LI-  12/05/99      167,355,000     165,781,000  A         1.520    N1
                                                              MITED                         

                                       OPT                    KINGBOARD CHEMICAL HOLDINGS LI-    /  /            448,000         448,000            0.000
                                                              MITED                         

                                       NON-VOTING DEFERRED -  KINGBOARD LAMINATES LTD            /  /            952,000         952,000            0.000
                                       SH                                                   

 STOCK NAME : Kinwing Chinney                (0835)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 WONG SAI WING JAMES                   ORD                    KIN WING CHINNEY HOLDINGS LIMI-    /  /        208,202,000     208,202,000            0.000
                                                              TED                           

                                       ORD                    CHINNEY INV LTD                    /  /        295,519,324     295,519,324            0.000

                                       ORD                    HON KWOK LAND INV CO LTD           /  /        572,894,758     572,894,758            0.000

                                       CONV GUARANTEED BOND-  HON KWOK LAND TREASURY LTD       11/05/99     US$2,380,000    US$2,300,000  A         0.000    N7
                                       S                                                    

                                       CONV GUARANTEED BOND-  HON KWOK LAND CAPITAL LTD          /  /          2,580,000       2,580,000            0.000
                                       S                                                    
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
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 STOCK NAME : Kowloon Dev                    (0034)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 NG ANTHONY                            ORD                    KOWLOON DEVELOPMENT CO LTD       17/05/99       76,728,400      76,648,400  A         3.525

 STOCK NAME : Mei Ah Enter                   (0391)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LI KUO HSING                          ORD                    MEI AH ENTERTAINMENT GROUP LIM-  14/05/99       64,015,280      63,915,280  A         1.134
                                                              ITED                          

                                       NON-VOTING DEFERRED -  MEI AH VIDDEO PRODUCTION CO LT-    /  /             10,000          10,000            0.000
                                       SH                     D                             

                                       NON-VOTING DEFERRED -  MEI AH INV CO LTD                  /  /            500,000         500,000            0.000
                                       SH                                                   

                                       NON-VOTING DEFERRED -  MEI AH LASER DISC CO LTD           /  /            100,000         100,000            0.000
                                       SH                                                   

 STOCK NAME : Suwa Int'l Hold                (0567)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LAU WING HUNG                         ORD                    SUWA INTERNATIONAL HOLDINGS LT-  11/05/99       51,734,000      51,274,000  A         0.400
                                                              D.                            

                                       ORD                    SUWA INTERNATIONAL HOLDINGS LT-  13/05/99       51,750,000      51,734,000  A         0.380
                                                              D.                            
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
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 STOCK NAME : Television Broadcasts          (0511)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 FONG MONA                             ORD                    TELEVEISION BROADCASTS LTD.      12/05/99          410,000         430,000  D        34.000

 STOCK NAME : Tian Teck Land                 (0266)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHEONG KENG HOOI                      ORD                    TIAN TECK LAND LTD.              14/05/99       24,370,420      23,316,420  A         0.940    N3

                                       ORD                    ASSOCIATED INT'L HOTELS LTD        /  /         13,695,119      13,695,119            0.000

                                       ORD                    YIK FOK INV HOLDING CO LTD         /  /                 10              10            0.000

                                       ORD                    TIAN TECK INV HOLDING CO LTD       /  /                 25              25            0.000

 STOCK NAME : Varitronix Int'l               (0710)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHUNG SHUN MING                       ORD                    VARITRONIX INTERNATIONAL LTD     14/05/99        3,337,959       3,372,959  D        15.300

                                       ORD                    VARITRONIX INTERNATIONAL LTD     14/05/99        3,292,959       3,337,959  D        15.300

 STOCK NAME : Wai Kee Hold                   (0610)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 ZEN WEI PEU DEREK                     ORD                    WAI KEE HOLDINGS LTD             13/05/99      150,409,078     150,299,078  A         1.280

                                       2000 WAR               WAI KEE HOLDINGS LTD               /  /        $41,896,802     $41,896,802            0.000
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                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Wai Kee Hold                   (0610)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 ZEN WEI PEU DEREK                     ORD                    ROAD KING INFRASTRUCTURE LTD       /  /          1,206,645       1,206,645            0.000

                                       NON-VOTING DEFERRED -  WAI KEE (ZENS) CONSTRUCTION & -    /  /          2,000,000       2,000,000            0.000
                                       SH                     TRANSPORTATION CO LTD         

                                       NON-VOTING DEFERRED -  WAI LUEN STONE PRODUCTS LTD        /  /             30,000          30,000            0.000
                                       SH                                                   

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


NOTES:



N1     Date of Transaction : 12/05/99 - 18/05/99

N2     The figure represents the issue of 969,230,769 new shares
       in Lai Fung Holdings Limited ("Lai Fung") in the event of
       a full conversion by Sunny Group Investment Limited
       ("Sunny") of a HK$600 million convertible note (the "Note")
       to be issued by Lai Fung to Sunny pursuant to a
       subscription agreement in respect of the Note dated 11 May
       1999.

N3     Consideration per unit : $0.92 - $0.95

N4     Consideration per unit : $0.148 - $0.150

N5     Consideration per unit : $0.132 - $0.140

N6     Disposals were made on 14/05/99 and 17/05/99 at the prices
       ranging from $0.133 to $0.137 per share.

N7     Consideration per unit : 88.75%