Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 27/07/00  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Applied Int'l                  (0519)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 HUNG KIN SANG RAYMOND                  G  OPT              APPLIED INTERNATIONAL HOLDINGS-         8,400,000    030797-020702        0.360                1
                                                             LTD.                         

 STOCK NAME : Chinese Est H                  (0127)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LAU LUEN HUNG JOSEPH                   E  2000 WAR         CHINESE ESTATES HOLDINGS LTD.          46,189,400           -              -                   0

                                        E  2000 WAR         CHINESE ESTATES HOLDINGS LTD.                 400           -              -                   0

 STOCK NAME : Daiwa Associate                (1037)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHAN YUEN MEI PINKY                    E  OPT              DAIWA ASSOCIATE HOLDINGS LTD.             500,000           -              -                   0

 MAK HON KAI STANLY                     E  OPT              DAIWA ASSOCIATE HOLDINGS LTD              500,000           -              -                   0

 LAU TAK WAN                            E  OPT              DAIWA ASSOCIATE HOLDINGS LTD            1,140,000           -              -                   0

 WAN CHOR FAI                           G  OPT              DAIWA ASSOCIATE HOLDINGS LTD              200,000    210700-200702        0.480               10

                                        E  OPT              DAIWA ASSOCIATE HOLDINGS LTD              300,000           -              -                   0
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 27/07/00  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Dao Heng Bank                  (0223)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TUNG HSI HUI FRANK                     G  OPT              DAO HENG BANK GROUP LIMITED               220,000    150498-150702       21.820                1

                                        E  ORD              DAO HENG BANK GROUP LTD                    20,000           -              -                   0

 STOCK NAME : Esprit Holdings                (0330)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHHIBBER SURINDER                      G  OPT              ESPRIT HOLDINGS LTD                     2,000,000    200795-190103        2.640                1

                                        G  OPT              ESPRIT HOLDINGS LTD                     4,000,000    280797-161103        2.656                1

                                        G  OPT              ESPRIT HOLDINGS LTD                     3,000,000    170503-161103        6.264                1

 STOCK NAME : GZITIC Hualing                 (0382)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHEN XIAO SHI                          G  ORD              GZITIC HUALING HOLDINGS LIMITE-         2,100,000    050700-040710        0.211                1
                                                            D                             

 LIANG BAO PING                         G  ORD              GZITIC HUALING HOLDINGS LIMITE-         1,000,000    050700-040710        0.211                1
                                                            D                             

 STOCK NAME : Good Fellow GP                 (0910)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 NG LEUNG TUNG                          G  OPT              GOOD FELLOW GROUP LIMITED               4,500,000                         0.257                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 27/07/00  PAGE:   3
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Good Fellow GP                 (0910)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 NG LEUNG TUNG                          G  OPT              GOOD FELLOW GROUP LIMITED               2,100,000                         0.720                1

 LEE MING HIN                           G  OPT              GOOD FELLOW GROUP LIMITED               4,500,000                         0.257                1

                                        G  OPT              GOOD FELLOW GROUP LIMITED               2,100,000                         0.720                1

 STOCK NAME : Ming Pao Enterprise            (0685)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 TIONG HIEW KING                        G  OPT              MING PAO ENTERPRISE CORPORATIO-           150,000    010700-210201        2.219                1
                                                            N LTD.                        

 STOCK NAME : Pam & Frank                    (0431)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 ZUO XIANJUE                            G  OPT              PAM & FRANK INTERNATIONAL HOLD-         3,000,000    250700-240701        0.100               10
                                                            INGS LTD.                     

 TSUI LAI PING                          G  OPT              PAM & FRANK INTERNATIONAL HOLD-         1,500,000    250700-240701        0.100               10
                                                            INGS LTD.                     

 YANG HUNG YU WILLIAM                   G  OPT              PAM & FRANK INTERNATIONAL HOLD-         9,000,000    250700-240702        0.100               10
                                                            INGS LTD.                     

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


NOTES:


N1     By an agreement dated 7th July 2000, the Company has agreed to issue
       and Power Jade Capital Limited has agreed to subscribe for 159,900,000
       ordinary shares (the "Subscription Shares") in the share capital of the
       Company and the Subscription Shares were allotted on 21st July 2000 upon
       the fulfilment of the conditions.)

N2     Acquisitions were made from 21/07/00 to 24/07/00 at prices ranging from
       $0.72 to $0.75 per share.

N3     46,189,800 units of "2000 warrants" were exercised to subscribe for
       46,189,800 new shares of Chinese Estates Holdings Limited at subscription
       price of HK$1.02 per share.

N4     Consideration per unit : $1.01 - $1.05

N5     Scrip Dividend

N6     Appointed as an executive director of the Company on 11 July 2000.

N7     Exercise of share options.

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

       Stock Name: Manulife Financial Corporation (stock code: 945)
       *ISC as at 24/07/00 : 482,005,387

       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 11/F., One International Finance Centre, 1 Harbour View
           Street, 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
           (Mr. Chan (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 24/07/00 : 482,005,387

       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.  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.