SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 09/01/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : ITE Holdings                   (08092)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 TSAO KWANG YUNG PETER                  E  OPT              ITE (HOLDINGS) LIMITED                  1,760,000           -              -                   0             

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


N1     Due to internal restructuring from Questrel Holdings Ltd. to its
       subsidiary, Surplus Way Profits Ltd. by transferring 144,000,000
       shares.

N2     Exercise of share option
 
N3     Disposals were made from 03/01/02 to 07/01/02 at prices ranging
       from $0.198 to $0.225 per share.