SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/08/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Alco Holdings                  (0328)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KUOK KUN MAN                           G  OPT              ALCO HOLDINGS LIMITED                   3,000,000                         0.380                1

 STOCK NAME : CITIC Ka Wah Bank              (0183)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TANG SEE KING                          G  ORD              CITIC KA WAH BANK LTD., THE             1,000,000    110200-290305        2.300                1

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


NOTES:



N1     Mortgager of shares, by way of fixed charges of all its present and
       future rights.

N2     Disposals were made from 13/08/99 to 18/08/99 at prices ranging
       from $0.250 to $0.260 per share.

N3     Consideration per unit : $0.179 - $0.182