SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 29/07/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Phoenix TV                     (08002)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 LIU CHANGLE                            G  ORD              PHOENIX SATELLITE TELEVISION H-         5,320,000    140601-130610        1.080                1             
                                                            OLDINGS LIMITED               

                                                                     *****  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.