SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 17/01/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Phoenix TV                     (08002)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 LIU CHANGLE                           ORD                    PHOENIX SATELLITE TELEVISION H-    /  /      1,854,000,000   1,854,000,000            0.000   N1  N2     
                                                              OLDINGS LIMITED               

 STOCK NAME : Proactive Tech                 (08089)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 PONG KAM WAH                          ORD                    PROACTIVE TECHNOLOGY HOLDINGS -  24/05/01        7,500,000               0  A         0.300              
                                                              LIMITED                       

 PONG KAM WAH                          ORD                    PROACTIVE TECHNOLOGY HOLDINGS -  22/11/01        5,000,000       7,500,000  D         0.300
                                                              LIMITED                       


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


N1     Revised

N2     Pursuant to the share mortgage created by Today's Asia Limited in
       favour of China Construction Bank, Hong Kong (the "Bank") on
       27 June, 2001, 70,000,000 shares had been transferred to the
       Bank and as further security for the said mortgage, an addition of
       72,000,000 shares were charged to the Bank.  Accordingly, there is no
       change in the beneficial ownership of the said shares.