Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 16/12/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chuang's Int'l                 (0367)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHUANG SHAW SWEE ALAN                  G  ORD              CHUANG'S CONSORTIUM INTERNATIO-         2,000,000    130997-311200        1.280                0
                                                            NAL LTD.                      

                                        G  ORD              CHUANG'S CHINA INVESTMENTS LTD         17,000,000    010100-311202        0.587                1

 STOCK NAME : Dransfield Hold                (0632)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 MA KWOK HUNG WARREN                    G  OPT              DRANSFIELD HOLDINGS LIMITED               900,000    250899-240801        0.300               10

                                        G  OPT              DRANSFIELD HOLDINGS LIMITED             5,000,000    210600-200603        0.100               10

                                        G  STOCK OPT (US$)  DRANSFIELD CHINA PAPER CORPORA-            20,000    311098-230401        2.800                2
                                                            TION                          

                                        E  COMMON STOCK     DRANSFIELD CHINA PAPER CORPORA-            25,000           -              -                   0
                                                            TION                          

 YAO YEE CHEONG HORACE                  G  SH OPT           DRANSFIELD HOLDINGS LIMITED             6,750,000    250899-240801        0.300               10

                                        G  SH OPT           DRANSFIELD HOLDINGS LIMITED            20,000,000    210600-200603        0.100               10

                                        G  STOCK OPT (US$)  DRANSFIELD CHINA PAPER CORPORA-           105,000    311098-230401        2.800                2
                                                            TION                          

                                        E  COMMON STOCK     DRANSFIELD CHINA PAPER CORPORA-           105,000           -              -                   0
                                                            TION                          
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 16/12/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : High Fashion                   (0608)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG SHING LOONG RAYMOND               G  ORD              HIGH FASHION INTERNATIONAL LTD-           400,000    050502-040509        0.000                0
                                                            .                             

                                        G  ORD              HIGH FASHION INTERNATIONAL LTD-           300,000    050503-040509        0.000                0
                                                            .                             

                                        G  ORD              HIGH FASHION INTERNATIONAL LTD-           300,000    050504-040509        0.000                0
                                                            .                             

 STOCK NAME : MAE Holdings                   (0851)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 HO WING YUK                            G  ORD              MAE HOLDINGS LIMITED                   31,330,000    030999-091108        0.107                1

                                        G  ORD              MAE HOLDINGS LIMITED                    8,250,000    121099-091108        0.210                1

                                        E  ORD              MAE HOLDINGS LIMITED                    4,670,000           -              -                   0

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


NOTES:


N1     Disposals were made on 07/12/99 and 09/12/99 at prices $0.200 and
       $0.202 per share.

N2     Bonus Issue

N3     Disposals were made from 10/12/99 to 13/12/99 at prices ranging from
       $0.164 to $0.176 per share.

N4     SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
       SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

       Stock Name: Manulife Financial Corporation (stock code: 945)
       *ISC as at 16/12/99 : 500,397,825

       The Securities and Futures Commission has granted Manulife Financial
       Corporation ("MFC") a partial exemption from compliance with the
       Securities (Disclosure of Interests) Ordinance pursuant to guidelines
       published under section 2A of the Ordinance.  Under the partial
       exemption, MFC is not required to prepare registers, maintain records
       or file, and MFC's corporate insiders are not required to file, with
       Hong Kong regulatory authorities disclosure of interest reports
       pursuant to the Ordinance on the condition that MFC will file with
       the SEHK disclosures of interests made in Canada and the U.S. where
       it maintains primary listings.

       1.  Under Canadian law, 10% shareholders of MFC have to file reports to
           the Ontario Securities Commission ("OSC").  Reports made by 10%
           shareholders, if any, can be found in OSC website www.sedar.com.
           MFC has agreed to monitor the OSC Weekly Bulletin and Insider Early
           Warning Report Press Releases every two weeks and if any reports by
           or concerning 10% shareholders and filed, MFC will provide a hard
           copy to the SEHK for inspection by the Hong Kong public.  So far,
           the SEHK has not received any such reports from MFC.
    
       2.  Under U.S. law, 5% shareholders of MFC have to file reports to the
           U.S. Securities and Exchange Commission ("SEC") pursuant to Schedule
           13G/13D of the Securities and Exchange Act 1934 of the United States.
           Up-to-date reports made by 5% shareholders, if any, can be found in
           SEC website at www.sec.gov.  MFC has agreed to monitor the SEC
           website every two weeks and if any reports on 5% shareholders are
           filed, MFC will provide a hard copy to the SEHK for inspection by
           the Hong Kong public.  So far, the SEHK has not received any such
           reports from MFC.

       3.  Hard copies of filings or reports provided by MFC under paragraphs 1
           and 2 above (if any) are available for inspection at the SEHK's
           office at UG/F, V-Heun Building, 128-140 Queen's Road Central,
           Hong Kong, and upon request in writing to MFC at MFC's office at
           Manulife Plaza, The Lee Gardens, 48th Floor, 33 Hysan Avenue,
           Causeway Bay, Hong Kong.  For enquiries or arrangements regarding
           inspection at the SEHK please contact the SEHK SDI Unit (Miss Chin
           (2840-3707) or Miss Tsui (2840-3769)).

       * ISC refers to the latest Issued Share Capital of the listed company
         recorded by the Exchange as at the date of this summaries.  It might
         not promptly reflect changes caused by share placements, rights issue,
         bonus issue, etc.  Readers should exercise caution when using these
         figures.

N5     SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
       DIRECTORS' AND CHIEF EXECUTIVES' NOTIFICATIONS REPORT

       Stock Name: Manulife Financial Corporation (stock code: 945)
       *ISC as at 16/12/99 : 500,397,825

       The Securities and Futures Commission has granted Manulife Financial
       Corporation ("MFC") a partial exemption from compliance with the
       Securities (Disclosure of Interests) Ordinance pursuant to guidelines
       published under section 2A of the Ordinance.  Under the partial
       exemption, MFC is not required to prepare registers, maintain records
       or file, and MFC's corporate insiders are not required to file, with
       Hong Kong regulatory authorities disclosure of interest reports
       pursuant to the Ordinance on the condition that MFC will file with
       the SEHK disclosures of interests made in Canada and the U.S. where
       it maintains primary listings.

       1.  Under Canadian law, "insiders" including directors of MFC have
           to file reports to the Ontario Securities Commission ("OSC")
           in Form 55 pursuant to the Ontario Securities Act.  MFC has agreed
           to provide Forms 55 filed by MFC in Canada to the SEHK at the same
           time as they are filed in Canada.  No Form 55 filings have been
           made by MFC today.
        
       2.  MFC is presently a "foreign private issuer" under U.S. law.  As
           such, no directors of MFC are required to make any disclosure of
           interests filings under the Securities Exchange Act 1934 of the
           United States.  
    
       *  ISC refers to the latest Issued Share Capital of the listed company
          recorded by the Exchange as at the date of this summaries.  It might
          not promptly reflect changes caused by share placements, rights issue,
          bonus issue, etc.  Readers should exercise caution when using these
          figures.