SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                          PRINTED: 29/12/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : AIR Holdings                   (8025)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------
 CHAN CHI MING                         ORD                    ASIAN INFORMATION RESOURCES (H-  16/12/99        1,440,000            N.A.            0.000
                                                              OLDINGS) LIMITED              

 LEUNG CHUNG WAN                       ORD                    ASIAN INFORMATION RESOURCES (H-  16/12/99          960,000            N.A.            0.000
                                                              OLDINGS) LIMITED              

 TAM YEE WA JOJO                       ORD                    ASIAN INFORMATION RESOURCES (H-  16/12/99        1,200,000            N.A.            0.000
                                                              OLDINGS) LIMITED              

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