09:41     J.P. MORGAN - Daily Trading Summary of Derivative Warrants          

    The Stock Exchange of Hong Kong Limited received notifications            
    regarding the daily trading summary of derivative warrants as follows:-   
                                                                              
    Trade Date - 26/05/2005                                                   
                                                                              
                                                                              
                                           Average                  Percent   
                              Number      (HK$) per                of Issue   
                                of         Warrant     Number of     Still    
    Stock           Stock    Warrants       Bought   Warrants Still  out in   
    Short Name       Code  Bought/(Sold)   /(Sold)   out in Market   Market   
    ---------------  ----  -------------  ---------  -------------- --------  
    JP-HKEX @EC0506  2178              -          -       3,360,000    0.88%  
    JP-PINAN@EC0507  2226              -          -         535,000    0.13%  
    JP-YZ CM@EC0506  2228        300,000       0.19      35,100,000    9.24%  
    JP-CLIFE@EC0509  3753              -          -       6,035,000    4.16%  
    JP-DAT P@EC0509  3754              -          -      17,986,000   15.92%  
    JP-HSCEI@EC0508  3755              -          -      11,310,000    6.28%  
    JP-PINAN@EC0511  3756        100,000       0.07      20,070,000    5.08%  
    JP-YZ CM@EC0509  3757      1,080,000       0.04     236,120,000   59.03%  
    JP-ALUCO@EC0510  3768              -          -      26,902,000   23.81%  
    JP-BOCHK@EC0509  3769              -          -          27,000    0.03%  
    JP-CSHIP@EC0508  3770        550,000       0.11      30,500,000   26.99%  
    JP-CSHIP@EC0508  3770    (1,070,000)     (0.10)      30,500,000   26.99%  
    JP-COSCO@EC0512  3771        200,000       0.20         820,000    0.21%  
    JP-COSCO@EC0512  3771      (200,000)     (0.20)         820,000    0.21%  
    JP-HWL @EC0508   3772              -          -       8,420,000    5.07%  
    JP-SPA @EC0508   3773      (100,000)     (0.21)         855,000    0.34%  
    JP-CP&CC@EC0508  3813      (200,000)     (0.06)     230,006,000   57.50%  
    JP-PETCH@EC0508  3814              -          -       9,774,000    2.44%  
    JP-HSBC @EC0603  3840              -          -         444,000    0.27%  
    JP-HUA P@EC0512  3841         20,000       0.47          16,000    0.01%  
    JP-ALUCO@EC0509  3980              -          -      29,214,000   24.34%  
    JP-C TEL@EC0510  3981              -          -          90,000    0.03%  
    JP-CITIC@EC0510  3983              -          -         700,000    0.18%  
    JP-JIANC@EC0509  3984              -          -     138,907,000   53.43%  
    JP-SPA  @EC0512  3985              -          -               0    0.00%  
    JP-YZ CM@EC0510  3986              -          -               0    0.00%  
    JP-CNOOC@EC0507  4668              -          -               0    0.00%  
    JP-J ELE@EC0508  4669      (300,000)     (0.02)      12,983,000   11.49%  
    JP-L&F  @EC0506  4670        992,000       1.98         474,000    0.61%  
    JP-L&F  @EC0506  4670    (1,000,000)     (1.94)         474,000    0.61%  
    JP-M I&S@EC0506  4671              -          -       6,484,000    2.49%  
    JP-SMIC @EC0506  4672              -          -       4,800,000    1.35%  
    JP-CPAIR@EC0510  4817              -          -               0    0.00%  
    JP-J ELE@EC0511  4819              -          -         344,000    0.15%  
    JP-JIANC@EC0510  4877              -          -       1,927,000    0.68%  
    JP-HSBC @EC0506  9150              -          -       4,432,000    3.06%