SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 05/10/01  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       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 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             

                                        G  ORD              LI & FUNG LTD                             480,000    180702-170704       10.500                1             

                                        G  ORD              LI & FUNG LTD                             480,000    280803-270805        7.980                1             

                                                                     *****  END OF REPORT  *****
GEM-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.