PACIFIC CHALLENGE HOLDINGS LIMITED (STOCK CODE 166)

The Exchange has received a notification from Pacific Challenge Holdings
Limited ("Pacific Challenge") pursuant to Section 20 of the Securities
(Disclosure of Interests) Ordinance ("SDIO") reporting the findings of
an investigation conducted by Pacific Challenge pursuant to Section 18
of the SDIO.  The parties reporting share interests in Pacific Challenge
are listed below with their corresponding interests:-

CCASS PARTICIPANT        NUMBER OF SHARES    NAME OF PERSONS      RELEVANT
NAME                                         HAVING INTERESTS    INTERESTS
                                             IN SUCH SHARES     HELD AS OF

Pacific Challenge
Sec. Ltd.                    31,500,000      -                    06/02/01

Tat Ming Hong Sec.
Ltd.                          3,006,000      -                    07/02/01

HSBC Broking Sec.
(HK) Ltd.                     1,810,000      -                    06/02/01

Fair Eagle Sec. Co. 
Ltd.                         23,508,000      Bright Master Ltd.   27/02/01

Fair Eagle Sec. Co.
Ltd.                          1,000,000      Y.M. Wong            27/02/01

Chelsea Sec. Ltd.             1,574,000      Chambord Inv Inc.    07/02/01

Fairwin Broking Ltd.          1,328,000      Penthea Ing.         09/02/01

-                            22,150,000      Brightex Properties  15/03/01
                                             Ltd.                 

-                             8,288,000      Jet Universe Int'l   13/03/01
                                             Ltd.

-                             5,972,000      Yanese Ltd.          01/03/01

-                             6,360,000      Panocean Ltd.        02/03/01

Get Nice Inv Ltd.                58,000    * Leung Shek Ming      12/03/01

Get Nice Inv Ltd.               224,000    * Federal Commercial   12/03/01
                                             Credit Corp. Ltd.

Get Nice Inv Ltd.             1,680,000    * Garsin (Holdings)    12/03/01
                                             Ltd.

-                                50,000      To Lam Ying (via     13/03/01
                                             Wing Hang Bank)

-                             2,530,000      Tsang Wing Kei       13/03/01
                                             Wilkie (via Wing
                                             Hang Bank)

Prudential-Bache Sec.           100,000      Hui Chung Yee        13/03/01
(HK) Ltd.                                    Richard

Prudential-Bache Sec.             2,000      Mak Shun Kei         13/03/01
(HK) Ltd.

Prudential-Bache Sec.            20,000      Wise Pride Int'l     13/03/01
(HK) Ltd.                                    Ltd.

Prudential-Bache Sec.         4,672,000      Rich Sky Realty      13/03/01
(HK) Ltd.                                    Ltd.

* The captioned shares were pledged to Liu Chong Hing Bank Limited by Get
  Nice Investment Limited on 11 October 2000.