SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 29/11/02  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Panda-Recruit                  (08073)        * ISC as at 18/11/02 :       1,125,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
CITY APEX LIMITED        26/11/02 1,3,5          652,540,000      382,657,000                                                                                                                                  N1         

ER2 HOLDINGS LIMITED     26/11/02 1,3,5          652,540,000      382,657,000                                             CITY APEX LIMITED             652,540,000                                            N1         

LAU CHUK KIN             26/11/02 1,3,5          652,540,000      382,903,000                                             CITY APEX LIMITED             652,540,000                                            N1         


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