SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 14/09/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Luen Fat Hong                  (0718)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG CHAK MING WILLIAM                 G  OPT              LUEN FAT HONG INTERNATIONAL HO-         7,500,000    050597-040500        0.423                1
                                                            LDINGS LTD                    

                                        G  OPT              LUEN FAT HONG INTERNATIONAL HO-         6,000,000    260398-250301        0.380                1
                                                            LDINGS LTD                    

 HUI LAP CHUN                           G  OPT              LUEN FAT HONG INTERNATIONAL HO-         7,500,000    050597-040500        0.423                1
                                                            LDINGS LTD                    

                                        G  OPT              LUEN FAT HONG INTERNATIONAL HO-         6,000,000    260398-250301        0.380                1
                                                            LDINGS LTD                    

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


NOTES:


N1     Revised

N2     Bonus Issue