Dida Inc. — Proxy Solicitation & Information Statement 2007

Nov 26, 2007

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CHINA SHIPPING DEVELOPMENT COMPANY LIMITED

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock code: 1138)

PROXY FORM FOR THE EXTRAORDINARY GENERAL MEETING FOR HOLDERS OF H SHARES TO BE HELD ON 18 JANUARY 2008

I/We

of

am/are the shareholder(s) of China Shipping Development Company Limited (the “Company”), holding H Shares. I/We hereby appoint

of

as my/our proxy/proxies, failing which, I/we hereby appoint the chairman of the Extraordinary General Meeting

(“EGM”) as my/our proxy/proxies (please delete where appropriate) for

H Shares which I/we hold in the share capital of the Company to attend and vote at the EGM to be held at 700 Dong Da Ming Road, Shanghai, The People’s Republic of China at 2:00 p.m. on Friday, 18 January 2008 or at any adjournment thereof. The proxy/proxies is/are authorised to vote on the resolutions according to the following instructions. In the absence of instructions, the proxy/proxies shall vote for or against the resolutions or abstain at their discretion.

		Ordinary Resolutions	Ordinary Resolutions	Ordinary Resolutions	Ordinary Resolutions	For	For	Against	Abstain	Abstain
	1.	To approve, ratify and confirm the		four construction
		agreements all dated 22 October 2007
	2.	To approve, ratify and confirm the		four construction
		agreements all dated 27 October 2007
	3.	To approve, ratify and confirm the		four bareboat
		charterparties all dated 14 November 2007
	4.	To approve, ratify and confirm the		five bareboat
		charterparties all dated 14 November 2007
	5.	To approve, ratify and confirm the		bareboat charterparty
		dated 14 November 2007
	6.	To approve, ratify and confirm the		bareboat charterparty
		dated 14 November 2007
	7.	To approve the appointment of Mr.		Zhu Yongguang		as an
		independent non-executive director		of the Company
	8.	To approve the appointment of Mr.		Yu Shicheng as		a
		supervisor of the Company
	9.	To approve the purchase of liability insurance policy for
		directors, supervisors and senior management of the
		Company
		Special Resolution
	7.	To approve amendment to articles of			association changing
		number of members of the supervisory committee of the
		Company

Signature:

Date:

Notes:

• (A) The H Share register of the Company will be closed from Wednesday, 19 December 2007 to Thursday, 17 January 2008 (both days inclusive), during which no transfer of H Shares will be effected. Any holders of H Shares of the Company, whose names appear on the Company’s Register of Members at the close of business on Tuesday, 18 December 2007 are entitled to attend and vote at the EGM after completing the registration procedures for attending the meeting. In order to be entitled to attend and vote at the EGM and share transfer documents should be lodged with the Company’s H share registrar not later than 4:00 p.m. on Tuesday, 18 December 2007.

The address of the share registrar (for share transfer) for the Company’s H Shares is as follows:

Hong Kong Registrars Limited Rooms 1712-1716 17th Floor Hopewell Centre 183 Queen’s Road East Wanchai Hong Kong

• (B) Holders of H Shares, who intend to attend the EGM, must complete the reply slips for attending the EGM and return them to the Office of the Secretary to the Board of Directors of the Company not later than 20 days before the date of the EGM, i.e. no later than Saturday, 29 December 2007.

Details of the Office of the Secretary to the Board of Directors of the Company are as follows:

Room 1601, 700 Dong Da Ming Road, Shanghai, The People’s Republic of China Postal Code: 200080 Tel: 86(21) 6596 6666 Fax: 86(21) 6596 6160

• (C) Each holder of H Shares who has the right to attend and vote at the EGM is entitled to appoint in writing one or more proxies, whether a shareholder or not, to attend and vote on his behalf at the EGM. A proxy of a shareholder who has appointed more than one proxy may only vote on a poll.

• (D) The instrument appointing a proxy must be in writing under the hand of the appointor or his attorney duly authorised in writing. If that instrument is signed by an attorney of the appointor, the power of attorney authorising that attorney to sign, or other documents of authorisation, must be notarially certified.

• (E) To be valid, the form of proxy, and if the form of proxy is signed by a person under a power of attorney or other authority on behalf of the appointor, a notarially certified copy of that power of attorney or other authority, must be delivered to the Company’s H Shares share registrar, Hong Kong Registrars Limited, Rooms 1702-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Hong Kong, not less than 24 hours before the time for holding the EGM or any adjournment thereof in order for such documents to be valid.

• (F) Each holder of A Shares is entitled to appoint in writing one or more proxies, whether a shareholder or not, to attend and vote on its behalf at the EGM. Notes (C) to (D) also apply to holders of A Shares, except that the proxy form or other documents of authority must be delivered to the Office of the Secretary to the Board of Directors, the address of which is set out in Note (B) above, not less than 24 hours before the time for holding the EGM or any adjournment, thereof in order for such documents to be valid.

• (G) If a proxy attends the EGM on behalf of a shareholder, he should produce his identity card and the instrument signed by the proxy or his legal representative, which specifies the date of its issuance. If the legal representative of a legal person share shareholder attends the EGM, such legal representative should produce his identity card and valid documents evidencing his capacity as such legal representative. If a legal person share shareholder appoints a representative of a company other than its legal representative to attend the EGM, such representative should produce his identity card and an authorization instrument affixed with the seal of the legal person share shareholder and duly signed by its legal representative.

• (H) The EGM is expected to last an hour. Shareholders attending the EGM are responsible for their own transportation and accommodation expenses.