SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 12/08/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : CM Telecom Intl                (0989)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WU YING KEUNG                          E  OPT              CM TELECOM INTERNATIONAL LTD              250,000           -              -                   0

 STOCK NAME : Truly Int'l                    (0732)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG PONG CHUN JAMES                   G  OPT              TRULY INTERNATIONAL HOLDINGS L-         4,250,000    231096-231001        1.680                0
                                                            TD.                           

                                        G  OPT              TRULY INTERNATIONAL HOLDINGS L-           750,000    261099-100701        1.864                0
                                                            TD.                           

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


NOTES:


N1     Date of Transaction: 04/08/99 - 05/08/99

N2     Exercise of share option

N3     Consideration per unit : $0.260 - $0.280