AI Health Technology Limited — Proxy Solicitation & Information Statement 2024

Feb 28, 2024

Volcano Spring International Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1715)

PROXY FORM

Proxy form for use by shareholders at the extraordinary general meeting (the ‘‘Extraordinary General Meeting’’) of Volcano Spring International Holdings Limited (the ‘‘Company’’) convened at 4:00 p.m. on Wednesday, 27 March 2024 (or any adjournment thereof)

I/We[(note][1)]

of

shares[(note][2)]

being the registered holder(s) of shares (the ‘‘ Shares ’’) of HK$0.01 each in the share capital of the Company, hereby appoint the Chairperson of the Extraordinary General Meeting or[(note][3)]

of

or failing him of

to act as my/our proxy[(note][4)] at the Extraordinary General Meeting of the Company to be held at Suite 2703, 27/F., Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong on Wednesday, 27 March 2024 at 4:00 p.m. and at any adjournment thereof and to vote on my/our behalf as indicated below.

Please tick (‘‘✓’’) in the appropriate boxes to indicate how you wish your vote(s) to be cast on a poll[(note][5)] .

• Ordinary Resolutions For Against*

• 1. To approve the Share Consolidation (as defined in the circular of the Company dated 29 February 2024 (the ‘‘ Circular ’’)) and to authorise any director of the Company to do all things necessary for implementation of the aforesaid.
• 1. To approve the Placing Agreement (as defined in the Circular) and the transactions contemplated thereunder and grant a specific mandate to the directors of the Company for the allotment and issue of the Placing Shares (as defined in the Circular) and to authorise any director of the Company to do all things necessary for implementation of the aforesaid.

• The full text of the resolutions is set out in the notice convening the Extraordinary General Meeting.

Date Signature[(note][6)]

Notes:

1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS . The names of all joint registered holders should be stated.

2. Please insert the number of Shares registered in your name(s) to which the proxy relates. If no number is inserted, this proxy form will be deemed to relate to all the Shares in the share capital of the Company registered in your name(s).

3. If any proxy other than the Chairperson is preferred, strike out the words ‘‘the Chairperson of the Extraordinary General Meeting or’’ and insert the name and address of the proxy desired in the space provided. IF YOU DO NOT STRIKE OUT THE WORDS ‘‘THE CHAIRPERSON OF THE EXTRAORDINARY GENERAL MEETING OR’’ AND YOUR PROXY HAS NOT ATTENDED THE EXTRAORDINARY GENERAL MEETING OR IF NO NAME IS INSERTED, THE CHAIRPERSON OF THE EXTRAORDINARY GENERAL MEETING WILL ACT AS YOUR PROXY. ANY ALTERATION MADE TO THIS PROXY FORM MUST BE INITIALLED BY THE PERSON WHO SIGNS IT.

4. Any member entitled to attend and vote at the Extraordinary General Meeting is entitled to appoint another person as his proxy to attend and vote instead of him. A member may appoint any number of proxies to attend in his stead at the Extraordinary General Meeting. A proxy need not be a member of the Company but must attend the Extraordinary General Meeting in person to represent you.

5. IMPORTANT: IF YOU WISH TO VOTE FOR ANY RESOLUTIONS SET OUT ABOVE, PLEASE TICK (‘‘ ✓ ’’) THE BOX MARKED ‘‘FOR’’ BESIDE THE APPROPRIATE RESOLUTION. IF YOU WISH TO VOTE AGAINST ANY OF THE RESOLUTIONS, PLEASE TICK (‘‘ ✓ ’’) THE BOX MARKED ‘‘AGAINST’’ BESIDE THE APPROPRIATE RESOLUTION. Failure to complete any or all boxes will entitle your proxy to cast his votes on the relevant resolution at his discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the Extraordinary General Meeting other than those referred to in the notice convening the Extraordinary General Meeting.

6. This proxy form must be signed by you or your attorney duly authorised in writing or in the case of a corporation must be either under its common seal or under the hand of an officer or attorney duly authorised.

7. Where there are joint registered holders of Shares, any one of such persons may vote at the Extraordinary General Meeting, either personally or by proxy, in respect of such Shares as if he/she were solely entitled thereto; but if more than one of such joint holders are present at the Extraordinary General Meeting personally or by proxy, then one of the said persons so present being the most or, as the case may be, the more senior shall alone be entitled to vote in respect of the relevant joint holding and, for this purpose, seniority shall be determined by reference to the order in which the names of the joint holders stand on the register of members of the Company in respect of the relevant joint holding.

8. To be valid, this proxy form, together with the power of attorney or other authority, if any, under which it is signed or a notarially certified copy thereof, must be deposited at Tricor Investor Services Limited, the branch share registrar and transfer office of the Company in Hong Kong (the ‘‘ Hong Kong Branch Share Registrar ’’) at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, not less than 48 hours (i.e. 4:00 p.m. on Monday, 25 March 2024) before the time appointed for the Extraordinary General Meeting or any adjournment thereof.

9. Completion and return of the proxy form will not preclude you from attending and voting in person at the Extraordinary General Meeting or any adjournment thereof if you so wish.

PERSONAL INFORMATION COLLECTION STATEMENT

• i. ‘‘Personal Data’’ in this statement has the same meaning as ‘‘personal data’’ in the Personal Data (Privacy) Ordinance, Chapter 486 of the Laws of Hong Kong (‘‘ PDPO ’’).

ii. Your Personal Data is supplied to the Company on a voluntary basis. Failure to provide sufficient information may render the Company not able to process your instructions and/or request as stated in this proxy form.

iii. Your Personal Data may be disclosed or transferred by the Company to its subsidiaries, the principal share registrar, the Hong Kong Branch Share Registrar, and/or other companies or bodies for any of the stated purposes, and retained for such period as may be necessary for verification and record purposes.

iv. You have the right to request access to and/or correction of your Personal Data in accordance with the provisions of the PDPO. Any such request for access to and/or correction of your Personal Data should be in writing and sent to the Manager of the Hong Kong Branch Share Registrar (address as stated in note 8 above).