STYLAND HOLDINGS LIMITED (00211)

The Exchange has received notifications from Styland Holdings Limited
("Styland") pursuant to Section 20 of the Securities (Disclosure of
Interests) Ordinance ("SDIO") reporting the findings of an investigation
conducted by Styland pursuant to Section 18 of the SDIO.  The parties
reporting their share interests in Styland as of 19 December 2002 are
listed below with their corresponding interests:-

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CCASS PARTICIPANT       NAME OF PERSONS              NUMBER OF SHARES          
NAME                    HAVING INTERESTS          
                        IN SUCH SHARES
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VC CEF Brokerage        KEE KIN HUNG                       52,500
Limited                 SZE PUI CHUNG                  48,180,016
                        NG MUI LAN                        257,708
                        KEE KIN HUNG                       52,500
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