PACIFIC CHALLENGE HOLDINGS LIMITED (STOCK CODE 166)

The Exchange has received a notification from Pacific Challenge Holdings
Limited ("Pacific Challenge") pursuant to Section 20 of the Securities
(Disclosure of Interests) Ordinance ("SDIO") reporting the findings of
an investigation conducted by Pacific Challenge pursuant to Section 18
of the SDIO.  The parties reporting share interests in Pacific Challenge
as at 22 December 2000 are listed below with their corresponding interests:-

CCASS PARTICIPANT        NUMBER OF SHARES    NAME OF PERSONS
NAME                                         HAVING INTERESTS
                                             IN SUCH SHARES

       -                     2,842,000       Roseville Management Ltd.
       -                    23,508,000       Thomas Lau Luen Hung
                                             (via Bright Master Ltd.)
       -                         2,000       Lui Suet Chung
       -                       150,000       Loh Jiah Yee Katherine
       -                     5,792,000       Yanese Ltd.                                             
       -                     8,288,000       Jet Universe International Ltd
       -                        60,000       Lui Yee Nor