SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 29/11/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Panda-Recruit                  (08073)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 LAU CHUK KIN                          ORD                    PANDA-RECRUIT LIMITED            26/11/02      652,540,000     382,903,000  A         0.017   N1         

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

NOTE


N1      Please refer to the Company's announcement of 22 November, 2002.