SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 19/06/01  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Shanghai Fudan - H shares      (08102)        * ISC as at 14/06/01 :         143,750,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
JPMORGAN CHASE & CO      14/06/01 7               11,308,826       15,330,587                                             JF ASSET MANAGEMENT LTD         1,332,000                                                       

                                                                                                                          J.P. MORGAN INV INC             4,176,826                            

                                                                                                                          MORGAN GUARANTY TRUST C-        5,800,000                            
                                                                                                                          O OF NEW YORK                              

STOCK NAME :  Xinao Gas Hold                 (08149)        * ISC as at 14/06/01 :         627,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
EASYWIN ENTERPRISES LIM- 22/05/01 1,6            447,000,000      420,000,000                                                                                                                                  N1         
ITED                                                                                                                                                                 

WANG YUSUO               22/05/01 5,7            447,000,000      420,000,000                                             EASYWIN ENTERPRISES LTD       447,000,000                                            N1         

ZHAO BAOJU               22/05/01 5,7            447,000,000      420,000,000                                             EASYWIN ENTERPRISES LTD       447,000,000                                            N1         


                    * 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     Allotment of 27,000,000 shares to Easywin Enterprises Limited on
       22th May, 2001 pursuant to the Over-allotment Option (as defined
       in the Prospectus of Xinao Gas Holdings Limited).