SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 29/10/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  China Datacast                 (08016)        * ISC as at 25/10/02 :         318,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
CHOI KWOK YAT            24/10/02 1,2            171,900,000                0  KOU JISONG                    171,900,000  ULTRA CHALLENGE LTD.          171,900,000                                            N1         

KOU JISONG               24/10/02 1,2            171,900,000                0  CHOI KWOK YAT                 171,900,000  ULTRA CHALLENGE LTD.          171,900,000                                            N1         

STOCK NAME :  Timeless                       (08028)        * ISC as at 25/10/02 :         948,855,503

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
CHINA WEST EDUCATIONAL - 22/10/02 7                        0      108,057,374                                                                                                                                  N2         
INVESTMENT LTD.                                                                                                                                                      

EDUCATIONAL INFORMATION- 22/10/02 1              108,057,374                0                                                                                                                                             
 TECHNOLOGY (HK) COMPAN-                                                                                                                                             
Y LIMITED                                                                                                                                                            


                    * 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      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.