SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 02/04/01  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Grandmass                      (08108)        * ISC as at 23/03/01 :         400,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
YUE CHUNG WING PATRICK   27/03/01 1              176,010,000      186,010,000                                             ENTERPRISE LOGISTICS LT-      176,010,000                                                       
                                                                                                                          D                                          


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

N2     Li & Fung Limited, one of the associated corporation of Convenience
       Retail Asia Limited, acquired the Colby Group comprising the following
       companies at a consideration of HK$247,500,000 in cash and the issue 
       of 113,188,000 shares of HK$0.025 each in Li & Fung Limited.
       Completion of the acquisition took place on March 23, 2001.

N3     The names of the following companies have been changed on
       March 14, 2001-

              From                                       To 

       Hinchinbrook Limited                  Li & Fung Development (China)
                                             Limited

       Li & Fung Development (China)         Turbo Dragon Trading Limited
       Limited