08:48     Sec not Subject to HK Stamp Duty(inc GEM&TRADING ONLY STOCK)        

                                                                              
    Information relating to the Hong Kong Stamp Duty Payable Status of newly  
    listed/to be listed securities (including Growth Enterprise Market and    
    Trading Only Stocks) since last month end (31 December 2002) is set out   
    below for reference only.  Hong Kong Exchanges and Clearing Limited and   
    its subsidiaries take no responsibility for the information supplied      
    herein, make no representation as to its accuracy and reliability and     
    expressly disclaim any liabilities (whether in tort or contract or        
    otherwise) for any loss or damage arising from or in reliance on such     
    information.  Nothing contained herein shall affect the liability for     
    payment of stamp duty under the Stamp Duty Ordinance (Cap 117) or         
    prejudice the right of Hong Kong Exchanges and Clearing Limited and its   
    subsidiaries to collect the stamp duty chargeable under the Stamp Duty    
    Ordinance on recognized transactions in accordance with the Rules of the  
    Exchange, if required by the Collector of Stamp Revenue.                  
                                                                              
    Stock Code    Short Name           Subject to Stamp Duty (Y=yes,N=no)     
    ----------    ----------           ----------------------------------     
          8       PCCW-NEW                              Y                     
        172       CAN DO HOLD-NEW                       Y                     
        273       CHINAUNITED-NEW                       Y                     
        448       HANG TEN GROUP                        Y                     
        661       TF HINGFUNG-NEW                       Y                     
        729       INNOVATIVE-NEW                        Y                     
       1060       SAC CEMENT-NEW                        Y                     
       1134       CHAMPION W0401                        Y                     
       1141       XIN CORP-NEW                          Y                     
       1195       SINOTRONICS                           Y                     
       1826       KC-HSBC *U0306A                       N                     
       1827       SG-HSBC *U0307A                       N                     
       1828       KC-HSBC *U0309A                       N                     
       1829       KC-SHK P*U0307A                       N                     
       2302       UNITED METALS                         Y                     
       2906       PCCW-OLD                              Y                     
       2907       CHINAUNITED-OLD                       Y                     
       2908       CAN DO HOLD-OLD                       Y                     
       2909       RNA HOLDINGS                          Y                     
       2910       HARMONY ASSET                         Y                     
       8392       RAINBOW RTS                           Y                     
       8393       IASIA TECH RTS                        Y                     
       9677       CL-HSBC @EC0307                       N                     
       9678       KC-HWL  @EP0307                       N                     
       9679       BP-HSI @EC0307A                       N                     
       9680       CL-CK(H)@EC0307                       N                     
       9681       SG-DJIA @EC0309                       N                     
       9682       SG-CK(H)@EC0307                       N                     
       9683       SG-HWL  @EC0307                       N                     
       9684       SG-USYEN@EC0309                       N                     
       9685       SG-DJIA @EP0309                       N                     
       9686       CS-C TEL@EC0401                       N                     
       9687       CS-H INV@EC0307                       N                     
       9688       CS-KS200@EC0312                       N                     
       9689       BP-HSI @EC0307B                       N                     
       9690       BP-HSI  @EC0309                       N                     
       9691       SG-COSCO@EC0307                       N                     
       9692       SG-CP&CC@EC0312                       N                     
       9693       SG-C TEL@EC0311                       N                     
       9694       FB-C MOB@EC0309                       N                     
       9695       FB-HSBC @EP0308                       N                     
       9696       KC-C TEL@EC0311                       N                     
       9697       CL-C TEL@EC0310                       N                     
       9698       KC-HSI  @EP0307                       N                     
       9699       KC-SHK P@EP0307                       N                     
       9700       FB-CK(H)@EC0310                       N