Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  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              CHEVALIER INT'L HOLDINGS LTD            5,350,000    300600-290603        0.488                1

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

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

 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              CHEVALIER INT'L HOLDINGS LTD            5,350,000    300600-290603        0.488                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            4,300,000    030998-020901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

                                        E  OPT              CHEVALIER ITECH HOLDINGS LTD            7,000,000           -              -                   0

 STOCK NAME : Chevalier Int'l                (0025)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KAN KA HON                             G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         2,200,000    040998-030901        0.538                1
                                                            GS LTD.                       
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chevalier Int'l                (0025)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 KAN KA HON                             G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         5,000,000    300600-290603        0.488                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            2,300,000    040998-030901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

 KUOK HOI SANG                          G  OPT              CHEVALIER INTERNATIONAL HOLDIN-        10,000,000    030998-020901        0.538                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         5,350,000    300600-290603        0.488                1
                                                            GS LTD.                       

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

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

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

 TAM KWOK WING                          G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         1,700,000    040998-030901        0.538                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         5,000,000    300600-290603        0.488                1
                                                            GS LTD.                       

 WONG KIE NGOK ALEXANDER                G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         1,200,000    040998-030901        0.538                1
                                                            GS LTD.                       
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  PAGE:   3
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chevalier Int'l                (0025)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG KIE NGOK ALEXANDER                G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         5,000,000    300600-290603        0.488                1
                                                            GS LTD.                       

 FUNG PAK KWAN                          G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         8,000,000    030998-020901        0.538                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         5,350,000    300600-290603        0.488                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            3,000,000    030998-020901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            6,550,000    300600-290603        0.464                1

                                        E  OPT              CHEVALIER ITECH HOLDINGS LTD            5,300,000           -              -                   0

 KUOK HOI SANG                          G  OPT              CHEVALIER INTERNATIONAL HOLDIN-        10,000,000    030998-020901        0.538                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER INTERNATIONAL HOLDIN-         5,350,000    300600-290603        0.488                1
                                                            GS LTD.                       

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            4,300,000    030998-020901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

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

                                        E  OPT              CHEVALIER ITECH HOLDINGS LTD            7,000,000           -              -                   0
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  PAGE:   4
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chevalier iTech                (0508)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHOW LILY                              G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    040998-030901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

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

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

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

                                        G  OPT              CHEVALIER INT'L HOLDINGS LTD            5,350,000    300600-290603        0.488                1

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

 KAN KA HON                             G  OPT              CHEVALIER ITECH HOLDINGS LTD            2,300,000    040998-030901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

                                        G  OPT              CHEVALIER INT'L HOLDINGS LTD            2,200,000    040998-030901        0.538                1

                                        G  OPT              CHEVALIER INT'L HOLDINGS LTD            5,000,000    300600-290603        0.488                1

 FUNG PAK KWAN                          G  OPT              CHEVALIER ITECH HOLDINGS LTD            3,000,000    030998-020901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            6,550,000    300600-290603        0.464                1

                                        G  OPT              CHEVALIER INT'L HOLDINGS LTD            8,000,000    030998-020901        0.538                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  PAGE:   5
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chevalier iTech                (0508)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 FUNG PAK KWAN                          G  OPT              CHEVALIER INT'L HOLDINGS LTD            5,350,000    300600-290603        0.488                1

                                        E  OPT              CHEVALIER ITECH HOLDINGS LTD            5,300,000           -              -                   0

 KUOK HOI SANG                          G  OPT              CHEVALIER ITECH HOLDINGS LTD            4,300,000    030998-020901        0.338                1

                                        G  OPT              CHEVALIER ITECH HOLDINGS LTD            5,000,000    300600-290603        0.464                1

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

                                        G  OPT              CHEVALIER INT'L HOLDINGS LTD            5,350,000    300600-290603        0.488                1

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

                                        E  OPT              CHEVALIER ITECH HOLDINGS LTD            7,000,000           -              -                   0

 STOCK NAME : Chuang's China                 (0298)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TANG WING LUN                          G  ORD              CHUANG'S CHINA INVESTMENTS LTD-         1,500,000    010101-311202        0.587                1
                                                            .                             

                                        E  ORD              CHUANG'S CHINA INVESTMENTS LTD          1,000,000           -              -                   0

 PANG CHUN KIT SUNNY                    G  ORD              CHUANG'S CHINA INVESTMENTS LTD-         1,500,000    010101-311202        0.587                1
                                                            .                             
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  PAGE:   6
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Chuang's China                 (0298)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 PANG CHUN KIT SUNNY                    E  ORD              CHUANG'S CHINA INVESTMENTS LTD-         1,000,000           -              -                   0
                                                            .                             

 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 CORP                20,000    311098-230401        2.800                2

                                        G  STOCK OPT (US$)  DRANSFIELD CHINA PAPER CORP                60,000    030101-020403        0.405                2

 STOCK NAME : E-Life Int'l                   (0370)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 PAK CHUNG                              G  OPT              E-LIFE INTERNATIONAL LIMITED           11,982,000    030300-040904        0.100                1

                                        G  WAR              E-LIFE INTERNATIONAL LIMITED           65,836,460    100100-090103        0.140                0

 STOCK NAME : Hung Fung Group                (1141)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG WAN KUEN                          E  ORD              HUNG FUNG GROUP HOLDINGS LIMIT-           300,000           -              -                   0
                                                            ED                            
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  PAGE:   7
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Hung Fung Group                (1141)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG KIN CHING                         E  ORD              HUNG FUNG GROUP HOLDINGS LIMIT-           300,000           -              -                   0
                                                            ED                            

 STOCK NAME : Nam Hing                       (0986)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LAU CHUNG MAN                          G  OPT              NAM HING HOLDINGS LTD                     500,000    050597-040500        0.440                1

 STOCK NAME : Ocean Grand                    (1220)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TANG HIN LUN                           G  ORD              OCEAN GRAND HOLDINGS LTD                4,500,000    270399-030907        0.120                1     N5

 STOCK NAME : Shell Electric                 (0081)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 YUNG KWOK KEE BILLY                    G  OPT              SHELL ELECTRIC MFG (HOLDINGS) -         2,100,000    050697-040600        3.250                1
                                                            CO LTD                        

 STOCK NAME : Shun Cheong                    (0650)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 OU KA CHI                              E  OPT              SHUN CHEONG HOLDINGS LTD.                 600,000           -              -                   0
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/01/00  PAGE:   8
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Wo Kee Hong                    (0720)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LEE MAN FAI                            G  ORD              WO KEE HONG (HOLDINGS) LTD              1,320,000    100694-090600        2.102                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD              2,760,000    130696-120602        0.946                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD             12,500,000    280897-270803        0.533                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD              1,000,000    280897-270803        0.533                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD              3,000,000    190298-180204        0.220                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD                100,000    190298-180204        0.220                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD              1,000,000    240698-230604        0.105                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD                200,000    080100-070106        0.140                1

                                        G  ORD              WO KEE HONG (HOLDINGS) LTD              6,500,000    070100-060106        0.140                1

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


NOTES:


N1     This acquisition was carried out by a subsidiary of an associated
       company of Shun Ho Group and not by Mr. William Cheng.

N2     Exercise of share option

N3     Further to the joint announcement of Chinese Estates Holdings Limited
       and the Company published on 30th December 1999, 1,581,384 shares of
       HK$0.10 each in the capital of the Company were allotted and issued,
       credited as fully paid, to a wholly-owned subsidiary of Chinese Estates
       Holdings Limited on 10th January 2000.  

N4     Total consideration : US$2,407,380.21

N5     Revised

N6     Bonus Issue

N7     Date of Transaction : 06/05/99 - 09/06/99

N8     Acquisitions were made from 10/01/2000 to 11/01/2000 at prices ranging
       from $0.94 to $0.96 per share.

N9     7,000,571 shares were acquired as consideration shares pursuant to the
       Acquisition Agreement dated 13th November 1999 as defined in a Circular
       issued by Star East Holdings Limited dated 18th December 1999.

N10    SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
       SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

       Stock Name: Manulife Financial Corporation (stock code: 945)
       *ISC as at 17/01/00 : 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.

N11    SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
       DIRECTORS' AND CHIEF EXECUTIVES' NOTIFICATIONS REPORT

       Stock Name: Manulife Financial Corporation (stock code: 945)
       *ISC as at 17/01/00 : 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.