Dongyue Group Limited — Proxy Solicitation & Information Statement 2000

Jul 31, 2000

HERALD HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

Notice of Annual General Meeting

Notice is hereby given that the Annual General Meeting of Shareholders of the Company will be held at the Tang Room, 4th Floor, Furama Hotel Hong Kong, 1 Connaught Road Central, Hong Kong on Friday, 15 September, 2000 at 3:45 p.m. for the following purposes:

1. To receive and consider the Financial Statements for the year ended 31 March, 2000 together with the Reports of the Directors and Auditors thereon.

2. To re-elect Directors.

3. To appoint Auditors and to authorize the Directors to fix their remuneration.

4. To declare a final dividend.

By Order of the Board

Thong Yeung Sum, Michael

Secretary

Hong Kong, 28 July, 2000

Notes:

1. A member entitled to vote at the meeting is entitled to appoint a proxy to attend and, on a poll, to vote instead of him at the meeting. A proxy need not be a member of the Company.

2. In order to be valid, the form of proxy must be deposited at the principal office of the company in Hong Kong at 8th Floor, Wing On Life Bldg., 22 Des Voeux Road Central, Hong Kong together with the power of attorney, if any, under which it is signed, not less than 48 hours before the time for the holding of the meeting.

Please also refer to the published version of this announcement in the Hong Kong iMail & Hong Kong Economic Times.