SUN MAN TAI HOLDINGS COMPANY LIMITED (STOCK CODE 433)

The Exchange has received notifications from Sun Man Tai Holdings
Company Limited ("Sun Man Tai") pursuant to Section 20 of the
Securities (Disclosure of Interests) Ordinance ("SDIO") reporting
the findings of an investigation conducted by Sun Man Tai pursuant to
Section 18 of the SDIO.  The parties reporting share interests in
Sun Man Tai as at 20 Oct 2000 are listed below with their corresponding
interests:-

CCASS PARTICIPANT        NUMBER OF SHARES    NAME OF PERSONS
NAME                                         HAVING INTERESTS
                                             IN SUCH SHARES

-                            22,715,000      Ho Fong Kin

-                             5,000,000      Prime Busy Investment Ltd

-                             5,000,000      Supper Concept Investments Ltd

-                            54,085,000      Sun Online Int'l Corporation

-                            76,000,000      Shartex Investment Ltd

-                            30,000,000      Great Idea Asia Ltd

-                         1,057,348,235      China Wan Tai Group Ltd
                                             (deemed interest, China Wan Tai
                                             Group Ltd is holding 60% of the
                                             issued shares of Universal
                                             Union Ltd)

-                         1,057,348,235      Universal Union Ltd

-                         1,057,848,235      Jin Tai Finance Co Ltd
                                             (deemed interest, Jin Tai
                                             Finance Co Ltd is holding 40%
                                             of the issued shares of
                                             Universal Union Ltd)

-                         1,057,848,235      Qian Yong Wei
                                             (deemed interest, Mr. Qian is
                                             holding 65% & 95% of the issued
                                             shares of Jin Tai Finance Company
                                             and China Wan Tai Group Ltd
                                             respectively)