SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                          PRINTED: 02/02/00  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

                                                                     *****  END OF REPORT  *****NOTES:


N1   42,975,000 shares are held by Ultra Challenge Limited, the shares of which
     are in turn held by HSBC International Trustee Limited on terms of a fixed
     trust.  The beneficiaries of the trust are Dong Jian Xin, Professor Li Min
     Qiang and Mr. Yao Xiao Dong (all being executive Directors of the Company),
     and Mr. Tang Bin, Mr. Wang Guangxin, Mr. Zhang Renli, Mr. Li Jiancheng,
     Ms. Yue Shishuang, Mr. Li Yongchao, Mr. Sun Lianwen, Mr. Ji Songqiao and
     Ms. Cai Zhipei.

N2   Mr. Dong Jian Xin is beneficially interested in 10% of the property of
     the trust.

N3   Professor Li Min Qiang is beneficially interested in 10% of the property
     of the trust.

N4   Mr. Yao Xiao Dong is beneficially interested in 10% of the property of
     the trust.

N5   Mr. Tang Bin is beneficially interested in 10% of the property of the trust.

N6   Mr. Wang Guangxin is beneficially interested in 10% of the property of the trust.

N7   Mr. Zhang Renli is beneficially interested in 10% of the property of the trust.

N8   Mr. Li Jiancheng is beneficially interested in 10% of the property of the trust.

N9   Ms. Yue Shishuang is beneficially interested in 8% of the property of the trust.

N10  Mr. Li Yongchao is beneficially interested in 6% of the property of the trust.

N11  Mr. Sun Lianwen is beneficially interested in 6% of the property of the trust.

N12  Mr. Ji Songqiao is beneficially interested in 6% of the property of the trust.

N13  Ms. Cai Zhipei is beneficially interested in 4% of the property of the trust.