SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 23/05/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  FX Creations                   (08136)        * ISC as at 22/05/02 :         400,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
CASHTRAM ASSOCIATES LIM- 21/05/02 2              280,000,000             N.A.                                             WISE NEW MANAGEMENT LTD       280,000,000                                                       
ITED                                                                                                                                                                 

NG PAK TO PETTO          21/05/02 2              280,000,000             N.A.                                             WISE NEW MANAGEMENT LTD       280,000,000                                                       

WISE NEW MANAGEMENT LIM- 21/05/02 2              280,000,000             N.A.                                                                                                                                             
ITED                                                                                                                                                                 

STOCK NAME :  M Channel                      (08036)        * ISC as at 22/05/02 :      21,218,026,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
CIBC TRUST COMPANY (BAH- 18/04/02 3,7            602,490,000      602,490,000                                             DRUMMOND FINANCE LTD          602,490,000                                            N1  N2     
AMAS) LIMITED                                                                                                                                                        

UMBEL INC.               18/04/02 3,7            602,490,000      602,490,000                                             DRUMMOND FINANCE LTD          602,490,000                                            N1  N2     

STOCK NAME :  Wafer Systems                  (08198)        * ISC as at 22/05/02 :         282,268,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
NORTH 22 NOMINEES LTD    17/05/02 2               36,900,000                0                                                                                                                                             

QPL INTERNATIONAL HOLDI- 17/05/02 2,3             27,780,000                0                                                                                                                                             
NGS LIMITED                                                                                                                                                          

THE APPLIED RESEARCH CO- 17/05/02 2,5             48,460,000                0                                                                                                                                  N3         
UNCIL                                                                                                                                                                


                    * ISC refers to the latest Issued Share Capital of the listed company recorded by the Exchange as at the date of this summaries.  It might not promptly reflect 
                      changes caused by share placements, rights issue, bonus issue, etc.  Readers should exercise caution when using these figures.
                                                                               SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 23/05/02  PAGE:   2
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  iSteelAsia.com                 (08080)        * ISC as at 22/05/02 :       1,564,500,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
HUGE TOP INDUSTRIAL LTD- 14/05/02 1              657,138,944      644,488,944                                             TN DEVELOPMENT LTD            196,301,600                                            N4  N5  N6 
.                                                                                                                                                                    

                                                                                                                          VAN SHUNG CHONG (B.V.I.-      301,026,000                            
                                                                                                                          ) LTD                                      

TN DEVELOPMENT LIMITED   18/05/02 1              196,301,600      206,627,600                                                                                                                                  N6         

VAN SHUNG CHONG (B.V.I.- 14/05/02 1              497,327,600      484,677,600                                             TN DEVELOPMENT LTD            196,301,600                                            N4  N5  N6 
) LIMITED                                                                                                                                                            

VAN SHUNG CHONG HOLDING- 14/05/02 1              497,327,600      484,677,600                                             TN DEVELOPMENT LTD            196,301,600                                            N4  N5  N6 
S LIMITED                                                                                                                                                            

                                                                                                                          VAN SHUNG CHONG (B.V.I.-      301,026,000                            
                                                                                                                          ) LTD                                      

YAO CHE LI MIRIAM        14/05/02                657,138,944      644,488,944                                             HUGE TOP INDUSTRIAL LTD       159,811,344                                            N5  N6     

                                                                                                                          VAN SHUNG CHONG (B.V.I.-      301,026,000                            
                                                                                                                          ) LTD                                      

                                                                                                                          TN DEVELOPMENT LTD            196,301,600                            

YAO CHO FAI ANDREW       14/05/02                759,538,944      746,888,944                                             HUGE TOP INDUSTRIAL LTD       159,811,344                                            N5  N6     

                                                                                                                          VAN SHUNG CHONG (B.V.I.-      301,026,000                            
                                                                                                                          ) LTD                                      

                                                                                                                          TN DEVELOPMENT LTD            196,301,600                            

                                                                                                                          RIGHT ACTION OFFSHORE I-      102,400,000                            
                                                                                                                          NC.                                        


                    * ISC refers to the latest Issued Share Capital of the listed company recorded by the Exchange as at the date of this summaries.  It might not promptly reflect 
                      changes caused by share placements, rights issue, bonus issue, etc.  Readers should exercise caution when using these figures.

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


N1     The Company is formerly known as 36.com Holdings Limited.

N2     Dilution of shareholding interests in M Channel Corporation
       Limited ("the Company") from 24.41% to 2.83% immediately
       after completion of the following agreements on 18 April 2002:-
       (a)   the agreement dated 21 February 2002 entered into between
             the Company and Gold Focus Ltd. in respect of the conditional
             sale and purchase of 92.1% of the issued share capital of
             Fortune Impact Limited ("Fortune Impact");
       (b)   the agreement dated 21 February 2002 entered into between the
             Company and Tiger Princess Co., Ltd. in respect of the
             conditional sale and purchase of 7.9% of the issued share
             capital of Fortune Impact; and
       (c)   the placing agreement dated 21 February 2002 entered into
             between the Company and ICEA Captial Limited.

N3     As at 17 May 2002, The Applied Research Council ("ARC") holds
       48,460,000 shares in Wafer Systems Limited ("Wafer Systems") and
       holds 5 Convertible Bonds ("CBs") with face value of HKD20,048,100
       in aggregate.  If the CBs are fully converted at their respective
       maturity dates, ARC will hold 86,253,604 shares in Wafer Systems.

N4     Date of transaction:  14/05/02 & 18/05/02

N5     On 14 May, 2002, 22,976,000 shares had been acquired by Van Shung
       Chong (B.V.I.) Limited at a price of HK$0.10 per share and the
       consideration was settled by way of transfer of 11,488,000 shares of
       iMerchants Limited to iMerchants Group Limited at a price of HK$0.20
       per share on the same day.

N6     10,326,000 shares had been transferred from TN Development Limited
       at a price of HK$0.054 per share on May 18, 2002 due to the
       exercise of employees' share option.