SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 09/01/03  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Xteam Software                 (08178)        * ISC as at 08/01/03 :         588,327,938

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
UPWISE INVESTMENTS LIMI- 03/01/03 1              116,371,349      116,371,349                                                                                                                                  N1  N2     
TED                                                                                                                                                                  


                    * 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      Date of transaction: 03/01/2003 - 06/01/2003. 

N2      On 3 January 2003, Upwise Investments Limited, a company
        incorporated in the British Virgin Islands and the issued shares
        of which are owned by Mr. Ma Gary Ming Fai ("Mr. Ma") has entered
        into two sale and purchase agreements for the disposal of an
        aggregate of 31,960,000 shares of HK$0.01 each in the Company.

        On 4 January 2003, Upwise Investments Limited, a company
        incorporated in the British Virgin Islands and the issued shares
        of which are owned by Mr. Ma Gary Ming Fai ("Mr. Ma") has entered
        into two sale and purchase agreements for the disposal of an
        aggregate of 34,500,000 shares of HK$0.01 each in the Company.

        On 6 January 2003, Upwise Investments Limited, a company
        incorporated in the British Virgin Islands and the issued shares
        of which are owned by Mr. Ma Ming Fai ("Mr. Ma") has entered into
        a sale and purchase agreement for the disposal of 3,150,000 shares
        of HK$0.01 each to the Company.

N3      On 4 January 2003, Wisdom Decade Group Limited, a company
        incorporated in the British Virgin Islands and the issued share
        capital of which is owned by Mr. Yang Feng entered into a sale
        & purchase agreement with Upwise Investments Limited for the
        acquisition of 28,000,000 shares of HK$0.01 each in the Company.