Dida Inc. — Proxy Solicitation & Information Statement 2010

Nov 3, 2010

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CHINA SHIPPING DEVELOPMENT COMPANY LIMITED 中海發展股份有限公司

(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 TO BE HELD ON MONDAY, 20 DECEMBER 2010

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 Monday, 20 December 2010 or at any adjournment thereof. The proxy/proxies is/are authorised to vote on the resolution(s) according to the following instructions. In the absence of instructions, the proxy/proxies shall vote for or against the resolution(s) or abstain at his/their discretion.

	Ordinary ResolutionF
	The 12 agreements all dated 28 September 2010 (the “Agreements”), each of which isentered into between 中海工業有限公司(China Shipping Industrial Co., Ltd.) and中海工業(江蘇)有限公司(China Shipping Industrial (Jiangsu) Co., Ltd.) and theCompany for the construction of one dry bulk carrier of 48,000 dead weight tons(the“Vessel”) (for a total of 12 Vessels) for the transportation of coal and other bulkcargo and the transactions contemplated thereunder, be and are hereby approved,confirmed and ratified; and the directors of the Company be and are hereby authorisedto do such other acts and things and execute such other documents which in theiropinion may be necessary or desirable to implement the Agreements.
	Date:Notes:(A)(B)(C)(D)(E)(F)

(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 shareholder which shareholder is a legal person attends the EGM, such legal representative should produce his identity card and valid documents evidencing his capacity as such legal representative. If a shareholder which is a legal person appoints a company representative 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 that shareholder (which is a legal person) and duly signed by its legal representative.

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