WAH NAM GROUP LIMITED (STOCK CODE 159)

The Exchange has received a notification from Wah Nam Group Limited ("Wah
Nam Group") pursuant to Section 20 of the Securities (Disclosure of
Interests) Ordinance ("SDIO") reporting the findings of an investigation
conducted by Mr. Desmond Chung Seng Chiong and Ferrier Hodgson Certified
Public Accountants as Joint and Several Liquidators of Wah Nam Group by
order of the High Court of Hong Kong Special Administrative Region pursuant
to Section 18 of the SDIO.  The parties reporting share interests in Wah
Nam Group as at 23 May 2001 are listed below with their corresponding
interests:-

CCASS PARTICIPANT NAME                                 NUMBER OF SHARES

Chau Chi Cheung                                                  60,000
HK Kowloon First Securities Co Ltd                               60,000
Cheong Lee Securities Co                                         50,000
Winsome Stock Co Ltd                                             50,000
Pak Lee Stock Co Ltd                                             50,000
Phoenix Capital Securities Ltd                                   41,621
Leung Ka Yin Jessica                                             40,000
JCG Securities Ltd                                               40,000
Chuangs & Co Ltd                                                 40,000
Great China Brokerage Ltd                                        40,000
Yue Shing Securities Co Ltd                                      30,000
Paul Securities Ltd                                              30,000
Kowloon Development K.F. Lo Securities Ltd                       30,000
Clover Securities Co Ltd                                         30,000
Thing On Securities Ltd                                          30,000
Cheer Union Securities Ltd                                       30,000
General Stocks Co Ltd                                            30,000
United Overseas Bank Ltd                                         30,000
Cheng Hon Ming                                                   20,000
Woo Tai Sing                                                     20,000
Hoi Sang Co                                                      20,000
Top Equity Brokerage Ltd                                         20,000
New Universe Securities (HK) Ltd                                 20,000
Chu Chung Tin Securities Ltd                                     20,000
Siu On Stock Investment Co Ltd                                   20,000
YF Securities Co Ltd                                             20,000
Tai Ning Stock Co Ltd                                            20,000
Fulbright Securities Ltd                                         20,000
RPS Investment Ltd                                               20,000
Chun Yick Securities Ltd                                         20,000
Merrill Lynch Far East Ltd                                       14,000
The Bank of Bermuda Ltd                                             400