Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chevalier Cons                 (0579)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KUOK HOI SANG                          G  OPT              CHEVALIER CONSTRUCTION HOLDING-         4,000,000    030998-020901        0.325                1
                                                            S LTD                         

                                        G  OPT              CHEVALIER INT'L HOLDINGS LTD           10,000,000    030998-020901        0.538                1

                                        G  OPT              CHEVLAIER ITECH HOLDINGS LTD           11,300,000    030998-020901        0.338                1

 STOCK NAME : Chevalier Int'l                (0025)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KUOK HOI SANG                          G  OPT              CHEVALIER INTERNATIONAL HOLDIN-        10,000,000    030998-020901        0.538                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD           11,300,000    030998-020901        0.338                1

                                        G  OPT              CHEVALIER CONSTRUCTION HOLDING-         4,000,000    030998-020901        0.325                1
                                                            S LTD                         

 STOCK NAME : Chevalier iTech                (0508)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KUOK HOI SANG                          G  OPT              CHEVALIER ITECH HOLDINGS LTD           11,300,000    030998-020901        0.338                1

                                        G  OPT              CHEVALIER INT'L HOLDINGS LTD           10,000,000    030998-020901        0.538                1

                                        G  OPT              CHEVALIER CONSTRUCTION HOLDING-         4,000,000    030998-020901        0.325                1
                                                            S LTD                         
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : China Online                   (0383)

       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              CHINA ONLINE (BERMUDA) LTD             50,000,000    171097-161000        0.240                1

                                        G  ORD              CHINA ONLINE (BERMUDA) LTD             20,000,000    010699-310502        0.129                1

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

 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 LIMIT-        18,500,000                         0.606                1
                                                            ED                            

                                        G  ORD              CHINA STRATEGIC HOLDINGS LIMIT-        25,000,000                         0.300                1
                                                            ED                            

                                        G  ORD              CHINA ONLINE (BERMUDA) LTD             50,000,000    171097-161000        0.240                1

                                        G  ORD              CHINA ONLINE (BERMUDA) LTD             20,000,000    010699-310502        0.129                1

                                        G  ORD (US$)        CHINA TIRE HOLDINGS LTD                   220,000                        10.250                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   3
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : IDT Int'l                      (0167)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 HEUER JACK WILLIAM EDOUARD             G  ORD              IDT INTERNATIONAL LTD.                    375,000    301299-281203     US$0.616                1

 STOCK NAME : Lai Sun Hotels                 (0571)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LIU NGAI WING                          G  ORD              LAI SUN HOTELS INT'L LTD               10,000,000    230899-220801        0.500               10

 STOCK NAME : Qualipak Int'l                 (1224)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG CHOK MING                         G  ORD              QUALIPAK INTERNATIONAL HOLDING-           500,000    010699-080409        0.640                1
                                                            S LIMITED                     

 STOCK NAME : Shenzhen Int'l                 (0152)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 HUANG JIE PING                         G  OPT              SHENZHEN INTERNATIONAL HOLDING-        16,000,000    040398-030303        0.165                1
                                                            S LIMITED                     

 STOCK NAME : Vanda Systems                  (0757)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LAM HON NAM                            G  ORD              VANDA SYSTEMS & COMMUNICATIONS-           400,000                         0.420                1
                                                             HOLDINGS LTD                 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 23/12/99  PAGE:   4
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Vanda Systems                  (0757)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LAM HON NAM                            G  ORD              VANDA SYSTEMS & COMMUNICATIONS-         1,500,000                         0.870                1
                                                             HOLDINGS LTD                 

 MA CHUN KWONG EDMUND                   G  ORD              VANDA SYSTEMS & COMMUNICATIONS-           400,000                         0.420                1
                                                             HOLDINGS LTD                 

                                        G  ORD              VANDA SYSTEMS & COMMUNICATIONS-         1,500,000                         0.870                1
                                                             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.