SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                                   PRINTED: 31/03/03  PAGE:   1
                                                                                      SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  Cyber On-Air                   (08118)        * ISC as at 24/03/03 :          83,144,786

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
CHINA STRATEGIC (B.V.I.- 05/03/03 1,3,4           22,868,656             N.A.                                             QANTEX LTD                     22,868,656                                            N1  N2     
) LIMITED                                                                                                                                                           

CHINA STRATEGIC HOLDING- 05/03/03 1,3,4           22,868,656             N.A.                                             QANTEX LTD.                    22,868,656                                            N1  N2     
S LIMITED                                                                                                                                                            

GREAT JOINT PROFITS LIM- 05/03/03 1,2,4           22,868,656             N.A.                                             QANTEX LTD.                    22,868,656                                            N1  N2     
ITED                                                                                                                                                                 

STOCK NAME :  Timeless                       (08028)        * ISC as at 24/03/03 :         948,855,503

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest                  Note
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  ----------------------------------------- -----------
CHENG KIN KWAN           27/03/03                104,650,000      104,500,000                                                                                                                                             

STOCK NAME :  iMerchants                     (08009)        * ISC as at 24/03/03 :       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- 25/03/03 3              748,523,000      747,555,000                                             ASIAN GOLD ASSOCIATES L-      748,523,000                                                       
D                                                                                                                         TD                                         


                    * 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      Please refer to the Company's announcement of 25 March, 2003.

N2      Date of transaction: 20/9/2002 & 5/3/2003. 

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.