SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 12/12/02  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : CR Asia                        (08052)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 FUNG KWOK LUN WILLIAM                  G  ORD              LI & FUNG LTD.                            480,000    070701-060703       15.260                1             

                                        G  ORD              LI & FUNG LTD.                            480,000    180702-170704       10.500                1             

                                        G  ORD              LI & FUNG LTD.                            480,000    280803-270805        7.980                1             

 FUNG KWOK KING VICTOR                  G  ORD (US$)        LI & FUNG (DISTRIBUTION) LTD.             160,000                         1.000                0             

                                        G  ORD (US$)        LI & FUNG (DISTRIBUTION) LTD.             130,000                         1.000                0             

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

NOTES


N1      Upon the completion of the extensive group reorganisation on 2nd
        December, 2002, China-HK International Finance Limited ('China-
        HK"), holding 10,134,375 shares in Sing Pao Media Group Limited
        (Sing Pao"), ceased to be a subsidiary of China Strategic
        Holdings Limited.  Therefore, CSH is not deemed to have an interest
        in 10,134,375 shares in Sing Pao held by China-HK. 

N2      Date of transaction: 29/11/2002 & 02/12/2002.

N3      There is no change in shareholdings for the rest of the associated
        companies of Convenience Retail Asia Ltd. except those indicated
        in this Summaries.  For the detail of their shareholdings, please
        refer to the SDI Daily Summaries published on 02/02/2001.

N4      All interests of the company were sold at a total consideration of
        RMB12.  The transaction is subject to the approval and consent by
        the relevant PRC authority.  Dr. William Fung and Dr. Victor Fung
        become aware on 4th December 2002 that the relevant approval
        has already been obtained on 23rd August 2002, which should be
        the effective date of the transaction.

N5      281,250 options at the exercise price of HK$7.18 (adjusted by the
        rights issue with effect from 17 September, 2002 as disclosed in
        the Company's prospectus dated 28 August, 2002) were surrendered
        on 1 December, 2002.