SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 17/01/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Phoenix TV                     (08002)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 LIU CHANGLE                            G  ORD              PHOENIX SATELLITE TELEVISION H-         5,320,000    140601-130610        1.080                1             
                                                            OLDINGS LIMITED               

 STOCK NAME : Proactive Tech                 (08089)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 PONG KAM WAH                           G  OPT              PROACTIVE TECHNOLOGY HOLDINGS -         5,800,000    010703-300610        1.300                1             
                                                            LIMITED                       

 PONG KAM WAH                           G  OPT              PROACTIVE TECHNOLOGY HOLDINGS -         5,800,000    010703-300610        1.300                1             
                                                            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.