SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                                              PRINTED: 20/07/00  PAGE:   1
                                                                                SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Excel Tech                     (8048)         * ISC as at 17/07/00 :       1,000,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
PASSION INVESTMENT (BVI- 13/07/00 6      N1      579,956,044      579,956,044                                                                                                                  
) LIMITED                                                                                                                                                            

STOCK NAME :  T S Telecom                    (8003)         * ISC as at 17/07/00 :         264,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
LAU SEE HOI              02/12/99 2              168,960,000             N.A.                                             T S TELECOM LTD               168,960,000                            

T S TELECOM LIMITED      02/12/99 2              168,960,000             N.A.                                                                                                                  


                    * 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  *****

Note:


N1     On 28 June, 2000 HSBC Investment Bank Asia Limited ("HSBA") pursuant to the
       Stock Borrowing Agreement (as defined in the previous notice form) borrowed
       22,500,000 shares of HK$0.10 each (the "Shares") of Excel Technology International
       Holdings Limited (the "Company") from Passion Investment (BVI) Limited ("Passion"),
       the 579,956,044 shares interested by Paassion is inclusive of the 22,500,000
       shares so borrowed by HIBA.

       On 13 July, 2000 HIBA has redelivered the said 22,500,000 shares under the name
       of HKSCC Nominees Limited to Passion on 18 July 2000, the said 22,500,000 shares
       have been registered in the name of Passion.