SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 07/10/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Grandy Enviro                  (08143)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 KONG LI SZU                           ORD                    GRANDY APPLIED ENVIRONMENTAL T-    /  /        119,229,995     119,229,995            0.000              
                                                              ECHNOLOGY CORPORATION         

                                       ORD                    KONG SUN HOLDINGS LTD            26/09/02    1,410,655,836   1,407,865,836  A         0.247   N1         

                                       ORD                    KONG SUN HOLDINGS LTD            27/09/02    1,413,165,836   1,410,665,836  A         0.249              

                                       ORD                    KONG SUN HOLDINGS LTD            30/09/02    1,416,675,836   1,413,165,836  A         0.249   N2         

 STOCK NAME : Timeless                       (08028)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 CHENG KIN KWAN                        ORD                    TIMELESS SOFTWARE LIMITED        03/10/02       84,566,000      84,200,000  A         0.189              

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

NOTES


N1      Consideration per unit: $0.245 - $0.249       

N2      Consideration per unit: $0.248 - $0.249