Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 05/08/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : China Strategic                (0235)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 OEI HONG LEONG                         G  ORD              CHINA STRATEGIC HOLDINGS LTD           18,500,000                         0.606                1

                                        G  ORD              CHINA STRATEGIC HOLDINGS LTD           25,000,000                         0.300                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         50,000,000    171097-161000        2.400                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         20,000,000    010699-310502        1.290                1

                                        G  ORD (US$)        CHINA TIRE HOLDINGS LTD                   220,000                        10.250                1

 LIEN KAIT LONG                         G  ORD              CHINA STRATEGIC HOLDINGS LIMIT-         2,000,000                         0.300                1
                                                            ED                            

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD          5,000,000    040699-030602        0.129                1

 MA WAI MAN CATHERINE                   G  ORD              CHINA STRATEGIC HOLDINGS LIMIT-        25,000,000                         0.300                1
                                                            ED                            

                                        G  ORD (US$)        CHINA TIRE HOLDINGS LTD                    30,000                        10.250                1

                                        G  ORD (US$)        CHINA TIRE HOLDINGS LTD                   190,000                         5.875                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         10,000,000    010699-310502        0.129                1

 STOCK NAME : Chinney Alli                   (0385)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHU KWOK KIT FRANK                     G  OPT              CHINNEY ALLIANCE GROUP LIMITED            800,000    090694-080604        0.780                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 05/08/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chinney Alli                   (0385)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHU KWOK KIT FRANK                     G  OPT              CHINNEY ALLIANCE GROUP LIMITED            400,000    090694-080604        0.780                0

                                        G  OPT              CHINNEY ALLIANCE GROUP LIMITED         10,000,000    130799-120709        0.070                1

 LAM KIN HING KENNETH                   G  OPT              CHINNEY ALLIANCE GROUP LIMITED            800,000    020694-010604        0.780                1

                                        G  OPT              CHINNEY ALLIANCE GROUP LIMITED            400,000    020694-010604        0.780                0

                                        G  OPT              CHINNEY ALLIANCE GROUP LIMITED            800,000    080196-070106        0.780                1

                                        G  OPT              CHINNEY ALLIANCE GROUP LIMITED            400,000    080196-070106        0.780                0

                                        G  OPT              CHINNEY ALLIANCE GROUP LIMITED         10,000,000    210799-200709        0.070                1

 STOCK NAME : First Shanghai                 (0227)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHOW FU KEE FELIX                      G  ORD              FIRST SHANGHAI INVESTMENTS LIM-         4,479,100    070496-061005        0.453                1
                                                            ITED                          

                                        G  ORD              FIRST SHANGHAI INVESTMNETS LIM-         1,573,700    140197-130706        0.318                1
                                                            ITED                          

                                        E  ORD              FIRST SHANGHAI INVESTMENTS LIM-           120,000           -              -                   0
                                                            ITED                          
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 05/08/99  PAGE:   3
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Golik Holding                  (1118)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 ROBERT KEITH DAVIES                    G  OPT              GOLIK HOLDINGS LTD                      6,000,000    171297-161299        1.580                0

                                        G  OPT              GOLIK HOLDINGS LTD                      4,832,450    260598-250500        1.020                0

                                        G  OPT              GOLIK HOLDINGS LTD                      2,000,000    270599-260501        0.240                0

 STOCK NAME : Great Eagle H                  (0041)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LO KA SHUI                             G  ORD              GREAT EAGLE HOLDINGS LTD.                 160,000    050597-040500       12.303                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 150,000    090598-080501       19.584                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 120,000    160499-150402       21.519                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 300,000    230100-220103        6.912                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 120,000    130301-120304        7.020                1

 LO KAI SHUI                            G  ORD              GREAT EAGLE HOLDINGS LTD.                 160,000    050597-040500       12.303                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 150,000    090598-080501       19.584                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 120,000    160499-150402       21.519                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 300,000    230100-220103        6.912                1

                                        G  ORD              GREAT EAGLE HOLDINGS LTD.                 120,000    130301-120304        7.020                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 05/08/99  PAGE:   4
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Guangdong Build                (0818)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TANG ZHEN                              G  ORD              GUANGDONG INV LTD                         350,000                         4.536                0

                                        G  ORD              GUANGDONG TANNERY LTD                   1,100,000                         1.394                0

                                        G  ORD              GUANGDONG INV LTD                         500,000                         2.892                0

 STOCK NAME : Guangdong Tann                 (1058)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TANG ZHEN                              G  ORD              GUANGDONG INV LTD                         350,000                         4.536                0

                                        G  ORD              GUANGDONG INV LTD                         500,000                         2.892                0

                                        G  ORD              GUANGDONG TANNERY LTD                   1,100,000                         1.394                0

 STOCK NAME : Ocean Grand                    (1220)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 YIP KIM PO                             G  ORD              OCEAN GRAND HOLDINGS LTD               12,000,000    270398-030907        0.370                1

 STOCK NAME : Silver Grant                   (0171)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 SHI CHUN GUI                           G  ORD              SILVER GRANT INTERNATIONAL IND-         4,000,000    270799-260709        0.900                0
                                                            . LTD.                        
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 05/08/99  PAGE:   5
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Star Telecom                   (0383)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 MA WAI MAN CATHERINE                   G  ORD              CHINA STRATEGIC HOLDINGS LTD           25,000,000                         0.300                1

                                        G  ORD (US$)        CHINA TIRE HOLDINGS LTD                    30,000                        10.250                1

                                        G  ORD (US$)        CHINA TIRE HOLDINGS LTD                   190,000                         5.875                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         10,000,000    010699-310502        0.129                1

 OEI HONG LEONG                         G  ORD              CHINA STRATEGIC HOLDINGS LTD           18,500,000                         0.606                1

                                        G  ORD              CHINA STRATEGIC HOLDINGS LTD           25,000,000                         0.300                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         50,000,000    171097-161000        2.400                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         20,000,000    010699-310502        1.290                1

                                        G  ORD (US$)        CHINA TIRE HOLDINGS LTD                   220,000                        10.250                1

 STOCK NAME : Tricom Holdings                (1186)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 OEI HONG LEONG                         G  ORD              CHINA STRATEGIC HOLDINGS LTD           18,500,000                         0.606                1

                                        G  ORD              CHINA STRATEGIC HOLDINGS LTD           25,000,000                         0.300                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         50,000,000    171097-161000        2.400                1

                                        G  ORD              STAR TELECOM INT'L HOLDING LTD         20,000,000    010699-310502        1.290                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 05/08/99  PAGE:   6
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Tricom Holdings                (1186)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 OEI HONG LEONG                         G  ORD (US$)        CHINA TIRE HOLDINGS LTD                   220,000                        10.250                1

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


NOTES:



N1     289,257,580 shares are share interests in a unit trust and a
       discretionary trust.

N2     These US$2,000,000 3.25% convertible bonds are held under a
       unit trust.

N3     Share of Star Telecom International Holding Ltd of HK$0.1 each
       was subdivision into 10 shares of HK$0.01 each with effect from
       30/07/99.

N4     Expiry of warrants

N5     Acquisitions were made from 28/07/99 to 02/08/99 at prices ranging
       from $3.50 to $3.55 per share.

N6     Consideration per unit : $1.23 - $1.24