SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                                              PRINTED: 27/04/00  PAGE:   1
                                                                                SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  iSteelAsia.com                 (8080)         * ISC as at 26/04/00 :       1,452,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
ASIAN GOLD ASSOCIATES L- 20/04/00 2              204,800,000             N.A.                                             IMERCHANTS GROUP LTD          204,800,000                            
IMITED                                                                                                                                                               

GALAFACE LIMITED         20/04/00 2              204,800,000             N.A.                                             IMERCHANTS GROUP LTD          204,800,000                            

GRAND BRIDGE ENTERPRISE- 20/04/00 2              204,800,000             N.A.                                                                                                                  
S LIMITED                                                                                                                                                            

HUGE TOP INDUSTRIAL LIM- 20/04/00 2              683,571,344             N.A.                                             TN DEVELOPMENT LTD            245,760,000                            
ITED                                                                                                                                                                 

                                                                                                                          VAN SHUNG CHONG (B.V.I.-      278,000,000                            
                                                                                                                          ) LTD                                      

IMERCHANTS GROUP LIMITE- 20/04/00 2              204,800,000             N.A.                                                                                                                  
D                                                                                                                                                                    

KUNG LIN YUEN LEROY      20/04/00 2              204,800,000             N.A.                                             IMERCHANTS GROUP LTD          204,800,000                            

TN DEVELOPMENT LIMITED   20/04/00 2              245,760,000             N.A.                                                                                                                  

VAN SHUNG CHONG (B.V.I.- 20/04/00 2              523,760,000             N.A.                                             TN DEVELOPMENT LTD            245,760,000                            
) LIMITED                                                                                                                                                            

VAN SHUNG CHONG HOLDING- 20/04/00 2              523,760,000             N.A.                                             TN DEVELOPMENT LTD            245,760,000                            
S LIMITED                                                                                                                                                            


                    * 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.
                                                                          SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                                              PRINTED: 27/04/00  PAGE:   2
                                                                                SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  iSteelAsia.com                 (8080)         * ISC as at 26/04/00 :       1,452,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
VAN SHUNG CHONG HOLDING- 20/04/00 2              523,760,000             N.A.                                             VAN SHUNG CHONG (B.V.I.-      278,000,000                            
S LIMITED                                                                                                                 ) LTD                                      

YAO CHE LI MIRIAM        20/04/00 2              683,571,344             N.A.                                             HUGE TOP INDUSTRIAL LTD       159,811,344                            

                                                                                                                          VAN SHUNG CHONG (B.V.I.-      278,000,000                            
                                                                                                                          ) LTD                                      

                                                                                                                          TN DEVELOPMENT LTD            245,760,000                            

YAO CHO FAI ANDREW       20/04/00 2              785,971,344             N.A.                                             HUGE TOP INDUSTRIAL LTD       159,811,344                            

                                                                                                                          VAN SHUNG CHONG (B.V.I.-      278,000,000                            
                                                                                                                          ) LTD                                      

                                                                                                                          TN DEVELOPMENT LTD            245,760,000                            

                                                                                                                          RIGHT ACTION OFFSHORE I-      102,400,000                            
                                                                                                                          NC.                                        


                    * 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.

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

Notes:


N1     Shares acquired on 19 April 2000 and 20 April 2000 are duplicated with those
       disclosed by each of Mr. Walter Kwok Ping Sheung and Thomas Kwok Ping Kwong.
 
N2     Shares acquired on 19 April 2000 and 20 April 2000 are duplicated with those
       disclosed by each of Mr. Thomas Kwok Ping Kwong and Raymand Kwok Ping Luen.

N3     Shares acquired on 19 April 2000 and 20 April 2000 are duplicated with those
       disclosed by each of Mr. Walter Kwok Ping Sheung and Raymand Kwok Ping Luen.