SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 19/05/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Giordano Int'l                 (0709)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHAN KUI TIM JIMMY                     G  ORD              GIORDANO INTERNATIONAL LIMITED            300,000    250595-230501        4.440                0

                                        G  ORD              GIORDANO INTERNATIONAL LIMITED          1,692,000    280495-230501        3.710                0

                                        G  ORD              GIORDANO INTERNATIONAL LIMITED          5,008,000    240296-280505        5.200                0

                                        G  ORD              GIORDANO INTERNATIONAL LIMITED          4,000,000    070599-280505        5.660                0

 STOCK NAME : Kin Yat Hold                   (0638)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHENG CHOR YIP                         G  OPT              KIN YAT HOLDINGS LTD                    3,000,000    070797-070407        0.870                1

                                        G  OPT              KIN YAT HOLDINGS LTD                    1,000,000    061198-051108        0.303                1

 CHENG CHOR CHIU                        G  OPT              KIN YAT HOLDINGS LTD                    4,500,000    070797-070407        0.870                1

                                        G  OPT              KIN YAT HOLDINGS LTD                    1,000,000    061198-051108        0.303                1

 CHENG CHOR KIT                         G  OPT              KIN YAT HOLDINGS LTD                    6,000,000    070797-070407        0.870                1

                                        G  OPT              KIN YAT HOLDINGS LTD                    1,500,000    061198-051108        0.303                1

                                        G  OPT              KIN YAT HOLDINGS LTD                      200,000    061198-051108        0.303                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 19/05/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Wai Kee Hold                   (0610)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 ZEN WEI PEU DEREK                      G  OPT              WAI KEE HOLDINGS LTD                    1,500,000    080797-070700        1.600                1

                                        G  OPT              ROAD KING INFRASTRUCTURE LTD              539,000    010897-310799        5.600                1

                                        G  OPT              ROAD KING INFRASTRUCTURE LTD              350,000    230698-220600        6.000                1

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


NOTES:



N1     Date of Transaction : 12/05/99 - 18/05/99

N2     The figure represents the issue of 969,230,769 new shares
       in Lai Fung Holdings Limited ("Lai Fung") in the event of
       a full conversion by Sunny Group Investment Limited
       ("Sunny") of a HK$600 million convertible note (the "Note")
       to be issued by Lai Fung to Sunny pursuant to a
       subscription agreement in respect of the Note dated 11 May
       1999.

N3     Consideration per unit : $0.92 - $0.95

N4     Consideration per unit : $0.148 - $0.150

N5     Consideration per unit : $0.132 - $0.140

N6     Disposals were made on 14/05/99 and 17/05/99 at the prices
       ranging from $0.133 to $0.137 per share.

N7     Consideration per unit : 88.75%