SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 17/09/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Kwoon Chung Bus                (0306)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 WONG WING PAK                          E  ORD              KWOON CHUNG BUS HOLDINGS LTD            4,720,000           -              -                   0

 WONG CHUNG PAK THOMAS                  E  ORD              KWOON CHUNG BUS HOLDINGS LTD            4,720,000           -              -                   0

 WONG LEUNG PAK MATTHEW                 E  ORD              KWOON CHUNG BUS HOLDINGS LTD            4,720,000           -              -                   0

 STOCK NAME : Pacific Plywood                (0767)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 LAU KAM HUNG                           G  ORD              PACIFIC PLYWOOD HOLDINGS LTD            5,000,000    140300-130310        0.129                1

 YEH CHIN CHUAN                         G  ORD              PACIFIC PLYWOOD HOLDINGS LTD           11,000,000    140300-130310        0.129                1

 STOCK NAME : Tung Fong Hung                 (0279)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 CHAN KWOK HUNG                         G  ORD              TUNG FONG HUNG (HOLDINGS) LTD.          8,500,000    270899-260804        0.205                1     N2

                                        G  ORD              TUNG FONG HUNG (HOLDINGS) LTD.          2,000,000    090999-080904        0.319                1

 CHEUNG KWOK WAH                        G  ORD              TUNG FONG HONG (HOLDINGS) LTD.          8,500,000    270899-260804        0.205                1     N2

                                        G  ORD              TUNG FONG HONG (HOLDINGS) LTD.          2,000,000    090999-080904        0.319                1

 WONG KUN TO                            G  ORD              TUNG FONG HONG (HOLDINGS) LTD.          8,500,000    270899-260804        0.205                1     N2

                                        G  ORD              TUNG FONG HONG (HOLDINGS) LTD.          2,000,000    090999-080904        0.319                1

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


NOTES:



N1     Acquisitions were made from 09/09/99 to 10/09/99 at prices ranging
       from $0.41 to $0.44 per share.

N2     Revised