Share Buyback Notifications (SBN)

The Stock Exchange of Hong Kong Limited has received notifications from
the following companies regarding the repurchase of ordinary shares as
follows:-

                                No. of
Name of Company      Date of    Securities  Highest Price  Lowest Price
(Stock Code)         Repurchase Repurchased per Share      per Share
-------------------- ---------- ----------- -------------- --------------
CHAODA MODERN        04/11/2002 4,026,000   HKD 1.21       HKD 1.17      
AGRICULTURE
(HOLDINGS) LIMITED
 ( 682)

CHINA OVERSEAS LAND  04/11/2002 754,000     HKD 0.78       HKD 0.77      
AND INVESTMENT
LIMITED
 ( 688)

FIRST SIGN           04/11/2002 10,000      HKD 0.155         -          
INTERNATIONAL
HOLDINGS LIMITED
 ( 933)

MIDLAND REALTY       04/11/2002 120,000     HKD 0.57          -          
(HOLDINGS) LIMITED
 (1200)

MOULIN INTERNATIONAL 04/11/2002 40,000      HKD 2.50          -          
HOLDINGS LIMITED
 ( 389)

NATIONAL ELECTRONICS 04/11/2002 200,000     HKD 0.082         -          
HOLDINGS LIMITED
 ( 213)

TCC INTERNATIONAL    04/11/2002 120,000     HKD 0.76       HKD 0.73      
HOLDINGS LIMITED
 (1136)