SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM) PRINTED: 09/01/01 PAGE: 1 SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT STOCK NAME : Soluteck (08111) * ISC as at 04/01/01 : 450,000,000 Name of Sub. Shareholder Date Reason Present Bal. Previous Bal. Share Jointly Held Corporate Interest Family Interest ------------------------ -------- ---------- --------------- --------------- ----------------------------------------- ----------------------------------------- ----------------------------------------- CHUNG LOK FAI 03/01/01 2 282,000,000 N.A. INNOVATIVE TECH WORLDWI- 262,500,000 TSOU LO NIEN 282,000,000 DE INC. CHUNG PO CHU 03/01/01 2 282,000,000 N.A. INNOVATIVE TECH WORLDWI- 262,500,000 HOU CHUNG 282,000,000 DE INC. DYNATEK LIMITED 03/01/01 2 262,500,000 N.A. INNOVATIVE TECH WORLDWI- 262,500,000 DE INC. HOU CHUNG 03/01/01 2 282,000,000 N.A. INNOVATIVE TECH WORLDWI- 262,500,000 CHUNG PO CHU 262,500,000 DE INC. INNOVATIVE TECH WORLDWI- 03/01/01 2 262,500,000 N.A. DE INC. TSOU LO NIEN 03/01/01 2 282,000,000 N.A. INNOVATIVE TECH WORLDWI- 262,500,000 CHUNG LOK FAI 262,500,000 DE INC. * 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 *****GEM-Note: N1 Pursuant to a service contract dated 18 October 2000 made between Task Consultants Limited, an indirectly wholly owned subsidiary of Soluteck Holdings Limited, and Tam Wing Chit, Tom, he is entitled to, among other benefits, a management bonus of HK$200,000 on completion of every 12 months of service. The management bonus shall be satisfied by the allotment and issue, credited as fully paid, of such number of shares (the "Remuneration Shares") (rounded down to the nearest whole number of shares) as shall be equal to HK$200,000 divided by HK$0.40, being the offer price per share (the "Offer Price"). In addition, Chan Shu Tak, Alex, Yu Chak Fai, Stanley, Shiu Chi Shing, Kelvin and himself (collectively, the "Task Management Team") are also entitled, to a performance bonus calculated by reference to the net profits ("Net Profits") before taxation and minority interest and the payment of such performance bonus but excluding extraordinary and exceptional items of Task Consultants Limited for every 12 months' period ending on 30 September during the term. The aggregate performance bonuses to which the Task Management Team are entitled shall be 30 per cent. of the Net Profits or if the Net Profits shall fall below HK$5,300,000, 10 per cent. of the Net Profits provided that the amount of such performance bonuses shall not in any event exceed tile amount of the net cash inflow from the operating activities of Task Consultant Limited during the relevant period. The performance bonuses (which shall be shared by the members of the Task Management Team equally) shall also be satisfied by the allotment and issue, credited as fully paid, to the relevant member of the Task Management Team such number of shares (rounded down to the nearest whole number of shares) as shall equal to the applicable amount of performance bonus divided by the Offer Price provided that the aggregate number of shares falling to be allotted and issued to the Task Management Team in satisfaction of the performance bonus (including all performance bonus shares already allotted and issued) shall not exceed two per cent. of the then issued shares (as enlarged by the issue of the performance bonus shares). |