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
-------------------- ---------- ----------- -------------- --------------
CHINESE ESTATES      08/01/2003 1,004,000   HKD 1.15          -          
HOLDINGS LIMITED
 ( 127)

HERALD HOLDINGS      08/01/2003 30,000      HKD 0.20          -          
LIMITED
 ( 114)

MIDLAND REALTY       08/01/2003 50,000      HKD 0.55          -          
(HOLDINGS) LIMITED
 (1200)

RBI HOLDINGS LIMITED 08/01/2003 50,000      HKD 1.95          -          
 ( 566)

TCC INTERNATIONAL    08/01/2003 60,000      HKD 0.80       HKD 0.79      
HOLDINGS LIMITED
 (1136)

VAN SHUNG CHONG      08/01/2003 53,222,263  HKD 0.98          -          
HOLDINGS LIMITED
 (1001)

WINFOONG             08/01/2003 100,000     HKD 0.155         -          
INTERNATIONAL
LIMITED
 (  63)