SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 08/02/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Xinao Gas Hold                 (08149)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 YANG YU                                G  OPT              XINAO GAS HOLDINGS LIMITED              2,400,000    310702-310112        2.625                1             

 JIN YONGSHENG                          G  OPT              XINAO GAS HOLDINGS LIMITED              1,500,000    310702-310112        2.625                1             

 ZHAO JINFENG                           G  OPT              XINAO GAS HOLDINGS LIMITED              1,500,000    310702-310112        2.625                1             

 QIAO LIMIN                             G  OPT              XINAO GAS HOLDINGS LIMITED              1,500,000    310702-310112        2.625                1             

 YU JIANCHAO                            G  OPT              XINAO GAS HOLDINGS LIMITED              1,500,000    310702-310112        2.625                1             

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