SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 17/10/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Excel Tech                     (08048)        * ISC as at 15/10/02 :         985,050,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
ZEE CHAN MEI CHU PEGGY   11/10/02 1,3,5,6        571,319,544      572,329,044                                             PASSION INVESTMENT (BVI-      570,091,544                                                       
                                                                                                                          ) LTD                                      


                    * 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      1,009,500 shares transferred to employees pursuant to the
        Share Option Scheme at HK$0.0138 per share.