SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 29/10/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

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

NOTES


N1      HSBC International Trustee Limited ceased, with effective from
        24 October 2002, to be the trustee of a fixed trust (the "Trust")
        in respect of the entire issued share capital of Ultra Challenge
        Limited, a company interested in 171,900,000 shares of HK$0.025
        each in China Date Broadcasting Holdings Limited (the "Company").

        On the same date, Professor Kou Jisong, the Chairman and a
        director of the Company, and Mr. Choi Kwok Yat were appointed
        to be the successor trustees of the Trust.  By virtue of
        Professor Kou being one of the trustees of the Trust, he is taken
        to be interested in 171,900,000 shares in the Company for the
        purposes of the Securities (Disclosure of Interests) Ordinance.

N2      The disposal represents the transfer of the company's entire
        holding to Educational Information Technology (H.K.) Company
        Limited.  The transfer does not affect the ultimate ownership
        of the underlying shares.