SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 24/03/03  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Armitage Tech                  (08213)        * ISC as at 18/03/03 :         750,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
KINGSPECIAL INVESTMENTS- 18/03/03 1,2,5          114,578,176             N.A.                                                                                                                                             
 LIMITED                                                                                                                                                             

LEE SHUN HON FELIX       18/03/03 1,2,4,6        349,209,441             N.A.                                                                                        LEUNG MEE CHUN STELLA          17,907,651            

STOCK NAME :  SIIC Medtech                   (08018)        * ISC as at 18/03/03 :         620,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
SHANGHAI INDUSTRIAL INV- 19/03/03 1,3,5          403,579,000      398,624,000                                             CENTRAL FORCE INV LTD         372,000,000                                                       
ESTMENT (HOLDINGS) CO.,-                                                                                                                                             
 LTD.                                                                                                                                                                

                                                                                                                          SHANGHAI IND HOLDINGS L-       19,119,000                            
                                                                                                                          TD                                         

                                                                                                                          SIHL TREASURY LTD               3,238,000                            

                                                                                                                          S.I. INFRASTRUCTURE HOL-        4,261,000                            
                                                                                                                          DINGS LTD                                  

                                                                                                                          NANYANG ENTERPRISES LTD         4,537,000                            

                                                                                                                          NANYANG ENTERPRISES PRO-          424,000                            
                                                                                                                          PERTIES LTD                                

STOCK NAME :  Xteam Software                 (08178)        * ISC as at 18/03/03 :         588,327,938

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
MA MING FAI GARY         17/03/03 1,3,5,7        208,163,382      249,713,382                                             UPWISE INVESTMENTS LTD         74,821,349                                                       

                                                                                                                          PRINCETON VENTURE PARTN-       51,860,472                            
                                                                                                                          ERS LTD                                    


                    * 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.
                                                                               SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 24/03/03  PAGE:   2
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Xteam Software                 (08178)        * ISC as at 18/03/03 :         588,327,938

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
UPWISE INVESTMENTS LIMI- 17/03/03 1,3,6           74,821,349      116,371,349                                                                                                                                             
TED                                                                                                                                                                  

STOCK NAME :  iMerchants                     (08009)        * ISC as at 18/03/03 :       1,161,382,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
iMERCHANTS GROUP LIMITE- 14/03/03 3              747,555,000      747,523,000                                             GALAFACE LTD                  747,555,000                                                       
D                                                                                                                                                                    


                    * 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      On 11th December 2002, Multiactive Software Inc. ("Multiactive")
        completed a plan of arrangement (the "Arrangment") with its
        shareholders and Maximizer Software Inc. ("Maximizer"),
        Multiactive's wholly owned subsidiary.  Under the Arrangement,
        shareholders of Multiactive exchanged each of their common
        shares of Multiactive for common shares of Maxmizer on a
        one-for-one basis.  Holders of options to purchase common shares
        in Multiactive also exchanged their options for options in
        Maximizer on a one-for-one basis on the same terms and conditions
        as the Multiactive options.  On 15th December 2002, Maximizer
        acquired all of the assets and liabilities of Multiactive.  The
        shares of Maximizer commenced trading on the Toronto Stock Exchange
        in place of the shares of Multiactive on the opening for trading
        on 16th December 2002.

N2      Consideration per unit $0.25 - $0.28

N3      On 3, 4 and 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 Gary Ming Fai ("Mr. Ma") has entered
        into five sale and purchase agreements for the disposal of an
        aggregate of 69,550,000 shares (Each a "Share") of HK$0.01
        each in the Company.  Four of these sale and purchase agreements
        in relation to the disposal of an aggregate of 41,550,000 Shares
        were completed on 17 March 2003.