Central Development Holdings Limited — Proxy Solicitation & Information Statement 2007

Sep 27, 2007

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CHINA TIMBER RESOURCES GROUP LIMITED （中國木業資源集團有限公司 [*] ）

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 269)

FORM OF PROXY OF EXTRAORDINARY GENERAL MEETING (or at any adjournment thereof)

I/We, [1]

of

(name)

(address)

being the registered holder(s) of [3] shares of HK$0.01 each in the capital of China Timber Resources Group Limited (“Company”), HEREBY APPOINT the Chairman of the meeting, or [4] (name) of (address)

as my/our proxy to attend the Extraordinary General Meeting (or any adjournment thereof) of the Company to be held at 7/F, Xin Rui Ke Da Lou, Bao Shui Qu, Fu Tian Shi, Shenzhen, China （中國深圳褔田市保稅 區鑫瑞科大樓 7層）, on Thursday, 18 October 2007 at 11:30 a.m. and vote and act for me/us and on my/our behalf in respect of the undermentioned resolutions as indicated.

	ORDINARY RESOLUTIONS	FOR5	AGAINST5
1.	to approve, ratify and confirm the Garner Agreement, the OptionAgreement, the Option Notice and all transactions contemplated thereunderor incidental thereto (being Resolution No.1 as set out in the notice of themeeting)
2.	to approve, ratify and confirm the Jaling Agreement, the Special Mandateand all transactions contemplated thereunder or incidental thereto (beingResolution No.2 as set out in the notice of the meeting)

Signature_6_:Dated thisday of2007	Signature_6_:Dated thisday of2007
Note:
1.	Please insert your full name and address inBLOCK CAPITALSin the space provided. Only one of joint holders should be mentioned (but see
	Note 2 below).
2.	Where there are joint registered holders of any share, any one of such persons may vote at the meeting, either personally or by proxy in respect
	of such share as if he was solely entitled thereto, but if more than one of such joint holders be present at the meeting personally or by proxy,
	that one of the said persons so present whose name stands first on the register of members in respect of such shares shall alone be entitled to
	vote and will be accepted to the exclusion of other joint registered holders in respect thereof.
3.	Please insert the number of shares of HK$0.01 each in the Company to which this proxy relates and registered in your name(s). If no number is
	inserted, this form of proxy will be deemed to relate to all the shares in the Company registered in your name(s).
4.	A proxy need not be a shareholder of the Company, but must attend the meeting in person to represent you. Please insert the name and address
	of the proxy desired.IF NO NAME IS INSERTED, THE CHAIRMAN OF THE MEETING WILL ACT AS YOUR PROXY.
5.	Please indicate with a tick in the relevant box which way you wish your votes to be cast, if no indication is given, the proxy will vote or
	abstain at his discretion.
6.	This form of proxy must be signed by you or your attorney duly authorized 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 authorized on its behalf.
7.	To be valid, this form of proxy, together with the power of attorney or other authority (if any) under which it is signed or a notarially certified
	copy of such power of authority.MUSTbe deposited at the Company’s Hong Kong branch share registrars, Progressive Registration Limited
	at 26th Floor, Tesbury Centre, 28 Queen’s Road East, Central, Hong Kong not less than 48 hours before the time appointed for holding the
	meeting at any adjournment thereof (as the case may be). Completion and return of this form of proxy will not preclude you from attending
	and voting at the meeting if you so wish.
8.	Any alternation made in this form should be initialed.

• For identification purpose only