SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 29/07/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Phoenix TV                     (08002)        * ISC as at 23/07/02 :       4,931,730,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
LIU CHANGLE              26/07/02 7            1,854,000,000    1,854,000,000                                             TODAY'S ASIA LTD            1,854,000,000                                            N1         

TODAY'S ASIA LIMITED     26/07/02 6            1,854,000,000    1,854,000,000                                                                                                                                  N1         


                    * 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      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.