Hong Kong Exchanges and Clearing Limited

FORM 3A - Director's/Chief Executive's Notice - Interests in Shares of Listed Corporation

Form Serial No:

DA20030905000048

1. Name of listed corporation:

New Times Group Holdings Ltd.

2. Stock code:

00166

3. Class of shares:

Ordinary Shares

4. Number of issued shares in class:

433,302,000

5. Name of director (English) as printed on HKID/Passport:

(Surname)	Cheong
(Other names)	Tin Yau

8. Name of director (Chinese):

張天佑

9. Chinese Character Code:

172811310147

12. Date of relevant event:

01/09/2003
(dd/mm/yyyy)

13. Date when director became aware of the relevant event/ interest in the shares (if later):


14. Details of relevant event:
	Relevant event code describing circumstances	Code describing capacity in which shares were/are held		Number of shares bought/sold or involved	Currency of transaction	On Exchange		Off Exchange
		Before relevant event	After relevant event			Highest price per share	Average price per share	Average consideration per share	Consideration code
Long position	123	205	205	121,666,000	HKD			0.300	301

15. Total shares in listed corporation immediately before the relevant event:

	Total number of shares	Percentage figure (%)
Long Position	242,366,000	55.93

16. Total shares in listed corporation immediately after the relevant event:

	Total number of shares	Percentage figure (%)
Long Position	120,700,000	27.86

17. Capacity in which interests disclosed in Box 16 are held (required for Initial Notification only):

Code describing capacity

Number of shares

205

Long position

120,700,000

18. Further information in respect of derivative interests in listed corporation:

Code describing derivatives

Exercise period

Consideration - if derivatives granted by listed corporation

Number of shares

		Begins	Ends	Price for grant	Exercise price	Price on assignment
Nil

19. Further information in relation to interests of children under 18 and/or spouse:

Name of child/spouse	Number of shares
Nil

20. Further information in relation to interests of corporations controlled by Director:

Name of controlled corporation

Address and place of incorporation

Name of controlling shareholder

% control

Direct interest

Number of shares

Kandy Profits Limited

P. O. Box 146, Road Town, Tortola, British Vrigin Islands (British Virgin Islands)

Cheong Tin Yau

100.00

Long position

120,700,000

21. Further information in relation to interests held by Director jointly with another person:

Name of joint shareholder	Address	Number of shares
Nil

22. Further information from a director who is a trustee, or beneficiary of a trust, or a person who has set up a Discretionary Trust:

Names of Trust	Address	Status code	Number of shares
Nil

23. Further information from a party to an agreement under Section 317:

Names of other parties	Address	Number of shares
Nil

Total number of shares in which substantial shareholder is interested under section 317 and 318:

24. Date of filing this Form 3A:

04/09/2003
(dd/mm/yyyy)

26. Number of attachments: