SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 22/01/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Town Health                    (08138)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 CHO KAM LUK                           ORD                    TOWN HEALTH INTERNATIONAL HOLD-  17/01/02      180,475,846      65,475,846  A         0.250   N1         
                                                              INGS COMPANY LIMITED          

 FUNG YIU TONG BENNET                  ORD                    TOWN HEALTH INTERNATIONAL HOLD-  17/01/02      180,475,846      65,475,846  A         0.250   N1         
                                                              INGS COMPANY LIMITED          

 CHAN WING LOK BRIAN                   ORD                    TOWN HEALTH INTERNATIONAL HOLD-  17/01/02      180,475,846      65,475,846  A         0.250   N1         
                                                              INGS COMPANY LIMITED          

 CHO KWAI CHEE                         ORD                    TOWN HEALTH INTERNATIONAL HOLD-  17/01/02      180,475,846      65,475,846  A         0.250   N1         
                                                              INGS COMPANY LIMITED          

                                                                     *****  END OF REPORT  *****
Note:


N1     Please refer to the Company's announcements of 4 January 2002 and
       17 January 2002.