SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 05/03/03  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      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.

N2      Consideration per unit: JPY231,250