SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 16/02/01  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : CR Asia                        (08052)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 FUNG KWOK KING VICTOR                  G  ORD (US$)        LI & FUNG (DISTRIBUTION) LTD              130,000                         1.000                0

                                        G  ORD (US$)        LI & FUNG (DISTRIBUTION) LTD              160,000                         1.000                0

 FUNG KWOK LUN WILLIAM                  G  ORD              LI & FUNG LTD                             480,000    070701-060703       15.260                1

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

Note:



N1     There is no change in shareholdings for the rest of the associated companies of
       Convenience Retail Asia Ltd except those indicated below.  For the detail
       of their shareholdings, please refer to the SDI Daily Summaries published on 02/02/01.