WAH NAM GROUP LIMITED (STOCK CODE 159)

The Exchange has received a notification from Wah Nam Group Limited ("Wah
Nam Group") pursuant to Section 20 of the Securities (Disclosure of
Interests) Ordinance ("SDIO") reporting the findings of an investigation
conducted by Mr. Desmond Chung Seng Chiong and Ferrier Hodgson Certified
Public Accountants as Joint and Several Liquidators of Wah Nam Group by
order of the High Court of Hong Kong Special Administrative Region pursuant
to Section 18 of the SDIO.  The parties reporting share interests in Wah
Nam Group as at 23 May 2001 are listed below with their corresponding
interests:-

NUMBER OF SHARES      CCASS PARTICIPANT NAME   
                                                
      53,009,415      Okachi Investments (Hong Kong) Co Ltd
      51,672,000      Cargary Securities Ltd
      48,880,395      V Six Securities Ltd
      41,205,430      The China State Bank Ltd
      40,433,415      OCBC Securities (Hong Kong) Ltd
      37,138,400      Sun Hung Kai Investment Services Ltd
      32,340,000      Wader Securities Co Ltd
      27,288,679      Po Sang Bank Ltd
      26,550,000      Kincheng Banking Corporation
      24,050,000      Wing Hang Bank Ltd
      22,510,000      Icea Securities Ltd
      21,650,388      Prudential-Bache Securities (Hong Kong) Ltd
      21,635,395      Osk Asia Securities Ltd
      21,500,000      Lamtex Securities Ltd
      21,498,000      Celestial Securities Ltd
      20,932,000      Yien Yieh Commercial Bank Ltd
      19,685,811      The Hongkong And Shanghai Banking Corporation Ltd
      19,424,000      SPS Securities Ltd
      17,501,012      New Century Securities Ltd
      16,736,000      Chong Hing Securities Ltd
      16,324,000      Chiyu Banking Corporation Ltd
      16,146,000      Bank of Communications Trustee Ltd
      14,921,545      Phillip Securities (Hong Kong) Ltd
      14,840,000      Delta Asia Securities Ltd
      14,612,000      Ta Securities (HK) Ltd
      14,218,000      National Resources Securities Ltd
      13,940,400      Sun On Tat Securities Co Ltd
      13,538,000      Boci Securities Ltd
      13,006,000      Uni-Crown Investment Ltd
      12,630,000      Kwangtung Provincial Bank
      12,380,000      Winfull Securities Ltd
      12,300,000      Lippo Securities Ltd
      11,980,842      Hung Brothers Ltd
      11,881,600      The China And South Sea Bank Ltd
      11,860,000      Brighton Securities (Hong Kong) Ltd
      11,778,000      Sin Hua Bank Ltd
      11,384,000      Prime Securities Ltd
      11,350,000      Vickers Ballas Hong Kong Securities Ltd
      11,099,621      Hua Chiao Commercial Bank Ltd
      11,090,219      South China Securities Ltd
      10,990,000      Christfund Securities Ltd
      10,872,000      The National Commercial Bank Ltd
      10,392,000      Karl-Thomson Securities Co Ltd
       9,710,000      Kwan Yick Securities (International) Ltd
       9,502,649      Tsun Chi Yuen Securities Co Ltd
       9,270,000      Tai Fook Securities Co Ltd
       9,184,000      Win Wong Securities Ltd
       9,130,000      Cheung's Securities Brokers Ltd
       8,782,000      Prudential Brokerage Ltd
       8,646,000      Bank of China
       8,642,000      Shenyin Wanguo Securities (H.K.) Ltd
       8,358,000      IBA Securities Ltd
       8,120,000      Sanfull Securities Ltd
       8,010,000      Shanghai Commercial Bank Ltd
       7,726,000      KGI Securities (Hong Kong) Ltd
       7,680,000      Tai Yip Stock Co Ltd
       7,450,000      East Asia Securities Co Ltd
       6,918,000      Dao Heng Securities Ltd
       6,900,000      Pacific Challenge Securities Ltd
       6,780,990      Shun Loong Securities Co Ltd
       6,744,000      Wing On Cheong Securities Co Ltd
       6,690,000      King Fook Securities Co Ltd
       6,676,000      J.A.F. Brokerage Ltd
       6,560,000      DL Brokerage Ltd
       6,536,000      Core Pacific-Yamaichi Securities (H.K.) Ltd
       6,530,000      G.K. Goh Securities (H.K.) Ltd
       6,470,000      Peace Town Securities Ltd
       6,330,000      Sassoon Securities Ltd
       6,300,000      KMT Securities Ltd
       6,254,000      Hing Wong Securities Ltd
       6,130,000      Tung Tak Securities (H.K.) Co Ltd
       5,960,000      Hing Wai Allied Securities Ltd
       5,890,000      Standard Capital Brokerage Ltd
       5,880,000      Luen Fat Securities Co Ltd
       5,880,000      Masterlink Securities (Hong Kong) Corporation Ltd
       5,850,000      Fair Eagle Securities Co Ltd
       5,846,000      On Wah United Securities Co Ltd
       5,586,800      Dah Sing Bank Ltd
       5,070,000      Get Nice Investment Ltd
       5,010,000      Berich Brokerage Ltd
       4,960,000      Luen Hing Securities Ltd
       4,812,800      Citibank N.A.
       4,784,000      Hang Seng Securities Ltd
       4,780,000      Goldride Securities Ltd
       4,744,000      Promising Securities Co
       4,734,000      Tat Lee Securities Co Ltd
       4,628,000      Corporate Brokers Ltd
       4,620,000      Kilmorey Securities Ltd
       4,600,000      HT Securities Ltd
       4,588,988      Lehin Securities Ltd
       4,500,000      Yick Fung Securities & Investment Co
       4,500,000      Magusta Securities Ltd
       4,480,000      Asia Financial (Securities) Ltd
       4,358,000      Emperor Securities Ltd
       4,310,000      Honfirst Securities Ltd
       4,260,000      Kingsway SW Securities Ltd
       4,220,000      Business Securities Ltd
       4,090,000      HSBC Broking Securities (Hong Kong) Ltd
       4,044,000      Henyep Securities Ltd
       4,030,000      Sunrise Investment Co
       4,032,400      Lee On Tat Invest6ment Ltd
       3,902,000      Honour Securities Co Ltd
       3,874,000      Hing Lee Securities Ltd
       3,780,000      FE Securities Ltd