TRACK RECORD OF HONG KONG HSI MARKET ALERTS Second Quarter 2000 updated July 1 2000 Buy Index Sell Index Points % Gain Points % Gain Cumulat. Date Value Date Value Gained for Gained for Gain % for Buying for Selling Buying Selling Bf last quarter : 10560 64.00 64.00 Mar 28 18250 1550 64.00 8.49 72.49 Apr 7 16700 Apr 12 16690 -10 -0.06 1390 72.43 7.76 80.19 Apr 18 15300 Apr 26 15430 130 0.85 35 81.04 0.84 81.88 Apr 28 15395 May 4 15385 -10 -0.06 85 81.82 0.55 82.37 May 5 15300 May 8 15505 205 1.34 1045 83.71 6.74 90.45 May 12 14460 May 17 15100 640 4.43 1380 94.88 9.14 104.02 May 29 13720 June 8 15930 2210 16.11 -95 120.12 -0.60 119.53 June 9 16025 June 12 16110 85 0.53 253 120.06 1.57 121.63 June 14 15857 June 20 16398 541 3.41 508 125.04 3.10 128.14 June 26 15890 Totals 14351 90.54 6151 37.60 128.14 Total Index Points Gained This Quarter : 9942 Points Total % Gained This Quarter : 64 % Cumulative Index Points Gained This Year 20502 Points Total % Gained This Year : 128 % Performance of last transaction when marked to market: Total Index Points Gained : 265 Points Total % Gained : 1.7 %