SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 25/07/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

                                                                                               *****  END OF REPORT  *****

NOTES


N1      Consideration per unit: HK$56.00 - HK$56.25

N2      Shares acquired on 22 July 2002 are duplicated with those
        disclosed by each of Mr. Walter Kwok Ping Sheung and Raymond
        Kwok Ping Luen.

N3      Shares acquired on 22 July 2002 are duplicated with those
        disclosed by each of Mr. Walter Kwok Ping Sheung and
        Thomas Kwok Ping Kwong.

N4      Shares acquired on 22 July 2002 are duplicated with those
        disclosed by each of Mr. Thomas Kwok Ping Kwong and Raymond
        Kwok Ping Luen.