Directors'/Chief Executives' Notifications Report - B (Grants, Assignments and Exercises of Rights)

Securities (Disclosure of Interests) Daily Summaries

SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - PRINTED: 23/07/01 PAGE: 1
DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
(GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

STOCK NAME : China United (00273)

Director/Chief Executive G/E Class Company Name Quantity Exercise Period Ex. Price Consideration Note
------------------------------------ --- --------------- ------------------------------- ------------------ --------------- ---------- --------------- -----------
CHUANG YUEHENG HENRY G ORD CHINA UNITED HOLDINGS LIMITED 6,000,000 091097-081007 1.693 1

STOCK NAME : Smartone Tele (00315)

Director/Chief Executive G/E Class Company Name Quantity Exercise Period Ex. Price Consideration Note
------------------------------------ --- --------------- ------------------------------- ------------------ --------------- ---------- --------------- -----------
LI DOUGLAS G ORD SMARTONE TELECOMMUNICATIONS HO- 5,000,000 170702-160711 9.290 1 N12
LDINGS LTD

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

NOTES:

N1 380,000,000 existing shares were placed by Hounslow Limited to 3
independent placees pursuant to the placing agreement entered between
Hounslow Limited and the placing agent.

N2 Please refer to the Company's announcement of 22 May 2001.

N3 Please refer to the Company's announcement of 17 July 2001.

N4 Date of transaction : 13/07/01 and 16/07/01

N5 Date of transaction : 17/07/01 - 18/07/01

N6 Total consideration : HK$2,330,000.

N7 Consideration per unit : $8.95 - $9.15

N8 Appointed as a director of the Company with effect from 12 July 2001.

N9 Appointed as a non-executive director of the Company on 18 July 2001.

N10 Consideration per unit : $3.525 - $3.575

N11 Consideration per unit : $3.45 - $3.50

N12 Appointed as a director of the Company on 17 July 2001.

N13 Date of transaction : 16/07/01 - 17/07/01

N14 The transactions involved are the restructuring of 1,297,355 shares
of K. Wah International Holdings Limited at HK$0.44 each, 4,617,639
shares of K. Wah Construction Materials Limited at HK$0.54 each.

N15 SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

Stock Name: Manulife Financial Corporation (stock code: 945)
*ISC as at 19/07/01 : 482,194,863

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 arrange-
ments 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.

N16 SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES
DIRECTORS' AND CHIEF EXECUTIVES' NOTIFICATIONS REPORT

Stock Name: Manulife Financial Corporation (stock code: 945)
*ISC as at 19/07/01 : 482,194,863

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.