Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 08/09/99  PAGE:   1
                                                        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
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHEONG KIN CHUN                        G  ORD              CITY TELECOM (HONG KONG) LTD              500,000                         0.260                1

                                        G  ORD              CITY TELECOM (HONG KONG) LTD              500,000                         0.260                0

                                        E  ORD              CITY TELECOM (HONG KONG) LTD              500,000           -              -                   0

 FUNG SO MUI                            G  ORD              CITY TELECOM (HONG KONG) LTD              500,000                         0.260                1

                                        G  ORD              CITY TELECOM (HONG KONG) LTD              500,000                         0.260                0

                                        E  ORD              CITY TELECOM (HONG KONG) LTD              500,000           -              -                   0

 SIO VENG KUAN                          G  ORD              CITY TELECOM (HONG KONG) LTD              500,000                         0.260                1

                                        G  ORD              CITY TELECOM (HONG KONG) LTD              500,000                         0.260                0

                                        E  ORD              CITY TELECOM (HONG KONG) LTD              500,000           -              -                   0

 STOCK NAME : Millennium GP                  (0260)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KWONG CHI SHING SAVIO                  G  OPT              MILLENNIUM GROUP LIMITED               35,000,000    080897-070802        1.413                1

 STOCK NAME : New World China                (0917)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHENG WAI CHEE CHRISTOPHER             G  ORD              NEW WORLD INFRASTRUCTURE LTD              120,000    010799-010604       10.200               10
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 08/09/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : New World China                (0917)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHENG WAI CHEE CHRISTOPHER             G  ORD              NEW WORLD INFRASTRUCTURE LTD              150,000    010700-010604       12.000               10

                                        G  ORD              NEW WORLD INFRASTRUCTURE LTD              150,000    010701-010604       12.000               10

                                        G  ORD              NEW WORLD INFRASTRUCTURE LTD              180,000    010702-010604       12.000               10

 STOCK NAME : New World Infra                (0301)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHENG WAI CHEE CHRISTOPHER             G  ORD              NEW WORLD INFRASTRUCTURE LTD              120,000    010799-010604       10.200               10

                                        G  ORD              NEW WORLD INFRASTRUCTURE LTD              150,000    010700-010604       12.000               10

                                        G  ORD              NEW WORLD INFRASTRUCTURE LTD              150,000    010701-010604       12.000               10

                                        G  ORD              NEW WORLD INFRASTRUCTURE LTD              180,000    010702-010604       12.000               10

 STOCK NAME : Pac C Cyber                    (1186)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 YUEN TIN FAN                           G  OPT              PACIFIC CENTURY INSURANCE HOLD-        16,200,000                         6.280                1
                                                            INGS LTD                      

                                        G  OPT (S$)         PACIFIC CENTURY REGIONAL DEVEL-         1,000,000                         1.000                1
                                                            OPMENTS LTD                   

                                        G  OPT              PACIFIC CENTURY CYBERWORKS LTD         32,000,000                         2.356                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 08/09/99  PAGE:   3
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Pac C Cyber                    (1186)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 JOHN TODD BONNER                       G  OPT              PACIFIC CENTURY INSURANCE HOLD-        13,800,000                         6.280                1
                                                            INGS LTD                      

                                        G  OPT              PACIFIC CENTURY CYBERWORKS LTD          1,080,000                         2.356                1

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


NOTES:

N1     Subsequent to the disposal of fly Jet Investments Limited ("Fly
       Jet") by Questrel Holdings Limited ("Questrel") to Mr. Yeung Chun
       Pong on 1st September, 1999, Questrel, a company controlled by Mr.
       Yeung Sau Shing, Albert ("Mr. Albert Yeung") ceased to be interested
       in the 99,499,391 shares of HK$0.10 each in Wing Lee International
       Holdings Limited pledged by Peak Performance Holdings Limited to
       Prime Asset International Limited ("Prime Asset"), a wholly-owned
       subsidiary of Fly Jet.  However, Mr. Albert Yeung is still deemed
       to be interested in the 51,810,000 shares held by Flight Profits
       Limited.

N2     Subsequent to the disposal of Fly Jet Investments Limited ("Fly
       Jet") by Questrel Holdings Limited ("Questrel") to Mr. Yeung Chun
       Pong on 1st September, 1999, Questrel ceased to be interested in
       the 99,499,391 shares of HK$0.10 each in Wing Lee International
       Holdings Limited pledged by Peak Performance Holdings Limited to
       Prime Asset International Limited ("Prime Asset"), a wholly-owned
       subsidiary of Fly Jet.  However, Questrel is still deemed to be
       interested in the 51,810,000 shares held by Flight Profits Limited.

N3     Pursuant to the Deed of Mortgage and Assignment of Securities dated
       11th December, 1998 entered into between Peak Performance Holdings
       Limited ("Peak Performance") as chargor and Prime Asset
       International Limited ("Prime Asset") as lender, a total of
       99,499,391 shares of HK$0.10 each in the capital of Wing Lee
       International Holdings Limited ("Wing Lee") have been pledged by
       Peak Performance to Prime Asset.  Prime Asset is a wholly-owned
       subsidiary of Fly Jet Investments Limited ("Fly Jet") as at
       1st September, 1999.  Fly Jet was previously wholly-owned by Questrel
       Holdings Limited ("Questrel"), a company controlled by Mr. Yeung Sau
       Shing, Albert ("Mr. Albert Yeung").  Questrel's interest in Fly Jet
       was disposed of to Mr. Yeung Chun Pong on 1st September, 1999.
       Accordingly, Questrel and Mr. Albert Yeung ceased to be interested
       while Mr. Yeung Chun Pong was deemed to be interested in the
       99,499,391 shares of Wing Lee pledged by Peak Performance.  A
       further 16,216 shares was acquired by Peak Performance and pledged
       to Prime Asset on 6th September, 1999.

N4     Disposals were made from 19/08/99 to 26/08/99 at prices ranging from
       $0.1354 to $0.140 per share.

N5     Interest in the shares and convertible bonds was transferred to a
       family trust.

N6     Acquisitions were made from 30/08/99 to 31/08/99 at prices ranging
       from $1.87 to $1.96 per share.

N7     Acquisitions were made from 31/08/99 to 03/09/99 at prices ranging
       from $0.345 to $0.36 per share.