SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 17/07/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Excel Tech                     (08048)        * ISC as at 16/07/02 :         985,050,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
PASSION INVESTMENT (BVI- 11/07/02 1,3,4,5        571,101,044      574,831,044                                                                                                                                  N1         
) LIMITED                                                                                                                                                            

ZEE CHAN MEI CHU PEGGY   11/07/02 1,5,6          571,329,044      573,425,044                                             PASSION INVESTMENT (BVI-      571,101,044                                            N1         
                                                                                                                          ) LTD                                      


                    * 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  *****

NOTE


N1      2,096,000 shares were transferred to employees pursuant to the Share
        Option Scheme at HK$0.0138 per share.