Securities (Disclosure of Interests) Daily Summaries
 

                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Chevalier Cons                 (0579)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 KUOK HOI SANG                         ORD                    CHEVALIER CONSTRUCTION HOLDING-    /  /          1,326,437       1,326,437            0.000     N2
                                                              S LTD                         

                                       ORD                    CHEVALIER INT'L HOLDINGS LTD       /  /            491,083         491,083            0.000

                                       ORD                    CHEVALIER ITECH HOLDINGS LTD       /  /          5,000,000       5,000,000            0.000

 STOCK NAME : Chevalier Int'l                (0025)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 KUOK HOI SANG                         ORD                    CHEVALIER INTERNATIONAL HOLDIN-    /  /            491,083         491,083            0.000     N2
                                                              GS LTD.                       

                                       ORD                    CHEVALIER ITECH HOLDINGS LTD       /  /          5,000,000       5,000,000            0.000

                                       ORD                    CHEVALIER CONSTRUCTION HOLDING-    /  /          1,326,437       1,326,437            0.000
                                                              S LTD                         

 STOCK NAME : Chevalier iTech                (0508)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 KUOK HOI SANG                         ORD                    CHEVALIER ITECH HOLDINGS LTD       /  /          5,000,000       5,000,000            0.000     N2

                                       ORD                    CHEVALIER INT'L HOLDINGS LTD       /  /            491,083         491,083            0.000

                                       ORD                    CHEVALIER CONSTRUCTION HOLDING-    /  /          1,326,437       1,326,437            0.000
                                                              S LTD                         
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : China Online                   (0383)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 OEI HONG LEONG                        ORD                    CHINA ONLINE (BERMUDA) LIMITED   14/12/99    3,132,228,560   4,622,635,030  D         0.244     N4

                                       ORD                    CHINA STRATEGIC HOLDINGS LTD     15/12/99    1,884,088,585   1,874,851,085  A         0.400     N3

 STOCK NAME : China Strategic                (0235)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 OEI HONG LEONG                        ORD                    CHINA STRATEGIC HOLDINGS LIMIT-  15/12/99    1,884,088,585   1,874,851,085  A         0.400     N3
                                                              ED                            

                                       ORD                    CHINA ONLINE (BERMUDA) LTD       14/12/99    3,132,228,560   4,622,635,030  D         0.244     N4

 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.    17/12/99    1,114,990,756   1,114,070,756  A         1.590     N5

                                       ORD                    EVERGO CHINA HOLDINGS LTD          /  /      1,110,777,237   1,110,777,237            0.000

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

                                       2000 WAR               CHINESE ESTATES HOLDINGS LTD.      /  /        101,279,153     101,279,153            0.000
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   3
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 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          /  /      1,110,777,237   1,110,777,237            0.000

                                       ORD                    CHINESE ESTATES HOLDINGS LTD     17/12/99    1,114,990,756   1,114,070,756  A         1.590     N5

 STOCK NAME : Graneagle Hold                 (0147)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LING TAI YUK JOHN                     ORD                    GRANEAGLE HOLDINGS LIMITED       16/12/99    2,463,599,478   2,463,570,478  A         0.030

 STOCK NAME : IDT Int'l                      (0167)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 HEUER JACK WILLIAM EDOUARD            ORD                    IDT INTERNATIONAL LTD.             /  /          6,975,000       6,975,000            0.000

 STOCK NAME : Lai Sun Hotels                 (0571)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LIU NGAI WING                         ORD                    LAI SUN HOTELS INTERNATIONAL L-  20/12/99        1,787,388       4,987,388  D         0.700
                                                              TD                            

                                       ORD                    LAI SUN DEVELOPMENT CO LTD         /  /                800             800            0.000

                                       ORD                    LAI FUNG HOLDINGS LTD              /  /              3,000           3,000            0.000
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   4
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Manulife                       (0945)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
     N9                                                                                                                                       

 STOCK NAME : Qualipak Int'l                 (1224)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 WONG CHOK MING                        ORD                    QUALIPAK INTERNATIONAL HOLDING-    /  /                  0               0            0.000
                                                              S LIMITED                     

 STOCK NAME : Ryoden Dev                     (0745)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 HU FA KUANG                           ORD                    RYODEN DEVELOPMENT LTD.          17/12/99      535,560,000     534,360,000  A         0.660

                                       ORD                    RYODEN DEVELOPMENT LTD.          20/12/99      535,710,000     535,560,000  A         0.640

 STOCK NAME : Shenzhen Int'l                 (0152)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 HUANG JIE PING    N6                  ORD                    SHENZHEN INTERNATIOAL HOLDINGS-    /  /         20,000,000      20,000,000            0.000
                                                               LIMITED                      

                                       WAR                    SHENZHEN INTERNATIONAL HOLDING-    /  /          2,000,000       2,000,000            0.000
                                                              S LIMITED                     
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   5
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Sino Land                      (0083)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 YEUNG PAK HIN ALBERT                  ORD                    SINO LAND CO LTD                   /  /             13,678          13,511            0.000     N7

 STOCK NAME : Start Tech                     (0706)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHU CHI SHING                         ORD                    START TECHNOLOGY COMPANY LIMIT-  17/12/99          271,900         311,900  D         1.395
                                                              ED                            

 STOCK NAME : Tak Sing Alli.                 (0126)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 MA KAI CHEUNG                         ORD                    TAK SING ALLIANCE HOLDINGS LTD-  17/12/99      294,039,025     234,039,025  A         0.370
                                                              .                             

                                       NON-V0TING DEFERRED -  TAK SING ALLIANCE LTD              /  /              9,000           9,000            0.000
                                       SH                                                   

                                       NON-VOTING DEFERRED -  GARTREND DEVELOPMENT LTD           /  /            500,000         500,000            0.000
                                       SH                                                   

                                       ORD                    CARRIANNA (THAILAND) CO LTD        /  /             86,400          86,400            0.000

                                       ORD                    GINZA DEVELOPMENT CO LTD           /  /                  5               5            0.000
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   6
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Tonic Ind Hold                 (0978)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 PANG HON CHUNG                        ORD                    TONIC INDUSTRIES HOLDINGS LTD    16/12/99           94,000            N.A.  A         1.060

 STOCK NAME : Tungtex (Hold)                 (0518)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHANG TAK CHEUNG JOHNNY               ORD                    TUNGTEX (HOLDINGS) CO. LTD.      16/12/99        7,089,880       7,513,880  D         1.030

 STOCK NAME : United Power                   (0674)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHEUNG KAM WONG                       ORD                    UNITED POWER INVESTMENT LTD      16/12/99                0     387,873,628            0.000     N1

 STOCK NAME : Vanda Systems                  (0757)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 LAM HON NAM                           ORD                    VANDA SYSTEMS & COMMUNICATIONS-  16/12/99      136,894,800     108,894,800  A         2.000
                                                               HOLDINGS LTD                 

 MA CHUN KWONG EDMUND                  ORD                    VANDA SYSTEMS & COMMUNICATIONS-  16/12/99      137,194,800     109,194,800  A         2.000
                                                               HOLDINGS LTD                 

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


Notes:


N1     Please refer to the Company's announcement of 20 December 1999.

N2     The shares of Chevalier Development International Limited ("CDIL")
       has been cancelled in exchange for HK$0.94 in cash.  The listing of
       CDIL shares was withdrawn from The Stock Exchange of Hong Kong Limited
       on 14 December 1999.

N3     Acquisitions were made from 15/12/99 to 17/12/99 at prices ranging from
       $0.385 to $0.420 per share.

N4     Disposals were made from 14/12/99 to 20/12/99 at prices ranging from
       $0.230 to $0.270 per share.

N5     Consideration per unit : $1.58 - $1.60

N6     Revised

N7     Scrip Dividend

N8     SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
       SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

       Stock Name: Manulife Financial Corporation (stock code: 945)
       *ISC as at 23/12/99 : 499,425,125

       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.

N9     SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
       DIRECTORS' AND CHIEF EXECUTIVES' NOTIFICATIONS REPORT

       Stock Name: Manulife Financial Corporation (stock code: 945)
       *ISC as at 23/12/99 : 499,425,125

       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.