SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 14/02/03  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
                                                                        (ACTUAL TRANSACTIONS)

 STOCK NAME : Timeless                       (08028)

      Director/Chief Executive                Class                   Company Name            Tran. Date   Present Bal.   Previous Bal.  A/D Consideration     Note
 ------------------------------------  ---------------------  ------------------------------- ---------- --------------- --------------- --- -------------  -----------
 CHENG KIN KWAN                        ORD                    TIMELESS SOFTWARE LIMITED        12/02/03       95,800,000      95,500,000  A         0.138              

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

NOTES


N1      Revised.  The over-allotment option as stated in the Company's
        prospectus dated 23 January 2003 has been partially exercised,
        resulting in the disposal of further shares by Shanghai NewMargin
        Venture Capital Co., Ltd. upon listing.

N2      The substantial shareholder initially disclosed its Domestic Shares
        holding of Shenzhen Dongjiang Environmental Company Limited.

N3      The full name of "The foundation of Science & Technology"
        is "The Foundation of Science and Technology for Development of the
        State Planning Committee, State Economic and Trade Commission
        and China Science Academy".