SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 29/07/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Phoenix TV                     (08002)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 LIU CHANGLE                           ORD                    PHOENIX SATELLITE TELEVISION H-    /  /      1,854,000,000   1,854,000,000            0.000   N1         
                                                              OLDINGS LIMITED               

 STOCK NAME : Vitop Bioenergy                (08199)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 LIU JUN                               ORD                    VITOP BIOENERGY HOLDINGS LIMIT-  25/07/02       26,181,819            N.A.            0.000   N2         
                                                              ED                            

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

NOTES

N1      Mr. Liu Changle is the beneficial owner of approximately 93.3% of
        the issued shares of Today's Asia Limited, which in turn owns 
        approximately 37.6% of the issued share capital of the Company.
        Pursuant to the share mortgage created by Today's Asia Limited
        in favour of China Construction Bank, Hong Kong (the "Bank") on
        27 June, 2001, 70,000,000 shares had been transferred to the
        Bank and as further security for the said mortgage, an addition
        of 72,000,000 shares were charged to the Bank.  Accordingly there
        is no change in the beneficial ownership of the said shares.
        The above-mentioned share mortgage has been redeemed.  Accordingly,
        the 142,000,000 shares previously registered under the name of
        the Bank were transferred back to Today's Asia Limited.

N2      Appointed as an executive director of the Company on 25 July 2002.