SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 17/07/01  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

                                                                     *****  END OF REPORT  *****
Notes:


N1     Completion of subscription of 20,000,000 shares in the capital of the
       Company at HK$0.98 as per the announcement dated 03/07/2001.

N2     Please refer to the Company's announcement of 09 July 2001.

N3     Please refer to the Company's announcement of 29 June 2001.