SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 11/10/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Launch Tech                    (00000)        * ISC as at 08/10/02 :                   N.A.

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
SHENZHEN DE SHI YU INVE- 07/10/02 2               49,500,000             N.A.                                                                                                                                  N1         
STMENT COMPANY LIMITED                                                                                                                                               

SHENZHEN LANGQU TECHNOL- 07/10/02 2              119,625,000             N.A.                                                                                                                                  N1         
OGY DEVELOPMENT COMPANY-                                                                                                                                             
 LIMITED                                                                                                                                                             

STOCK NAME :  Vital BioTech                  (08193)        * ISC as at 08/10/02 :       1,200,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
KO SAI YING THOMAS       07/10/02 1,3,7          258,068,480      258,728,480                                             PERFECT DEVELOP HOLDING-      208,032,000                                                       
                                                                                                                           INC.                                      

TAO LUNG                 07/10/02 1,3,5,7        412,211,200      413,191,200                                             PERFECT DEVELOP HOLDING-      308,896,000                                                       
                                                                                                                           INC.                                      

STOCK NAME :  iMerchants                     (08009)        * ISC as at 08/10/02 :       1,161,382,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
iMERCHANTS GROUP LIMITE- 03/10/02 3              747,523,000      747,023,000                                             GALAFACE LTD                  747,523,000                                                       
D                                                                                                                                                                    


                    * 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  *****

NOTE

                       
N1      The substantial shareholder initially disclosed its Domestic Shares
        holding of Launch Tech Company Limited.