10:05     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 - 27/05/2005                                                   
                                                                              
                                                                              
                                           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        280,000       0.23      34,820,000    9.16%  
    JP-CLIFE@EC0509  3753              -          -       6,035,000    4.16%  
    JP-DAT P@EC0509  3754    (1,728,000)     (0.45)      19,714,000   17.45%  
    JP-HSCEI@EC0508  3755              -          -      11,310,000    6.28%  
    JP-PINAN@EC0511  3756              -          -      20,070,000    5.08%  
    JP-YZ CM@EC0509  3757         60,000       0.05     243,560,000   60.89%  
    JP-YZ CM@EC0509  3757    (7,500,000)     (0.07)     243,560,000   60.89%  
    JP-ALUCO@EC0510  3768    (2,840,000)     (0.27)      29,742,000   26.32%  
    JP-BOCHK@EC0509  3769              -          -          27,000    0.03%  
    JP-CSHIP@EC0508  3770        440,000       0.12      37,102,000   32.83%  
    JP-CSHIP@EC0508  3770    (7,042,000)     (0.13)      37,102,000   32.83%  
    JP-COSCO@EC0512  3771       (20,000)     (0.21)         840,000    0.21%  
    JP-HWL @EC0508   3772        400,000       0.15       8,020,000    4.83%  
    JP-SPA @EC0508   3773        700,000       0.27         255,000    0.10%  
    JP-SPA @EC0508   3773      (100,000)     (0.26)         255,000    0.10%  
    JP-CP&CC@EC0508  3813   (23,800,000)     (0.07)     253,806,000   63.45%  
    JP-PETCH@EC0508  3814              -          -       9,774,000    2.44%  
    JP-HSBC @EC0603  3840              -          -         444,000    0.27%  
    JP-HUA P@EC0512  3841              -          -          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       (20,000)     (0.03)      13,003,000   11.51%  
    JP-L&F  @EC0506  4670              -          -         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      1,050,000       0.15         877,000    0.31%  
    JP-HSBC @EC0506  9150              -          -       4,432,000    3.06%