Elife Holdings Limited — Proxy Solicitation & Information Statement 2010

Nov 25, 2010

NOTICE OF THE EXTRAORDINARY GENERAL MEETING

CHINA MERCHANTS CHINA DIRECT INVESTMENTS LIMITED 招商局中國基金有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code : 133)

NOTICE IS HEREBY GIVEN that an extraordinary general meeting of China Merchants China Direct Investments Limited (the “ Company ”) will be held on Monday, 13 December 2010, at JW Marriott Ballroom, Level 3, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway, Hong Kong, at 3:00 p.m., to consider, and, if thought fit, pass the following resolutions (with or without modifications) as ordinary resolutions of the Company:

ORDINARY RESOLUTIONS

1. “THAT:

   • (a) the disposal (the “ CMB Disposal Mandate ”) of any or all A shares in 招商銀行股份有限 公司 (China Merchants Bank Co., Ltd.), a joint-stock commercial bank approved by the China Banking Regulatory Commission in the People’s Republic of China with limited liability, whose A shares (the “ CMB A Shares ”) are listed on the Shanghai Stock Exchange, held by the Company, its subsidiaries, jointly controlled entities and associated companies (collectively, the “Group” ), for a period of 12 months from the date of passing of this resolution on the following conditions:

     • (i) the Group will dispose of the CMB A Shares in the open market through the trading system of the Shanghai Stock Exchange; and

     • (ii) the selling price of the CMB A Shares will be the market price of the CMB A Shares at the relevant times which refers to the price allowed under the trading system of the Shanghai Stock Exchange but shall not be less than RMB6.10 (equivalent to approximately HK$7.06) per CMB A Share

be and is hereby approved.

• (b) the directors of the Company be and are hereby authorized to do all things, including but not limited to the execution of all documents, which the directors deem to be necessary or desirable to effect the foregoing or in connection with the CMB Disposal Mandate.”

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NOTICE OF THE EXTRAORDINARY GENERAL MEETING

1. “THAT:

   • (a) the disposal (the “ IBC Disposal Mandate ”) of any or all A shares in 興業銀行股份有限公 司 (Industrial Bank Co., Ltd.), a joint-stock commercial bank approved by the China Banking Regulatory Commission in the People’s Republic of China with limited liability, whose A shares (the “ IBC A Shares ”) are listed on the Shanghai Stock Exchange, held by the Company, its subsidiaries, jointly controlled entities and associated companies (collectively, the “Group” ), for a period of 12 months from the date of passing of this resolution on the following conditions:

     • (i) the Group will dispose of the IBC A Shares in the open market through the trading system of the Shanghai Stock Exchange; and

     • (ii) the selling price of the IBC A Shares will be the market price of the IBC A Shares at the relevant times which refers to the price allowed under the trading system of the Shanghai Stock Exchange but shall not be less than RMB14.80 (equivalent to approximately HK$17.14) per IBC A Share

be and is hereby approved.

• (b) the directors of the Company be and are hereby authorized to do all things, including but not limited to the execution of all documents, which the directors deem to be necessary or desirable to effect the foregoing or in connection with the IBC Disposal Mandate.”

By Order of the Board ZHOU Linda Lei Director

Hong Kong, 26 November 2010

Notes:

• (1) A member entitled to attend and vote at the meeting is entitled to appoint more than one proxy to attend and vote instead of him. A proxy needs not be a member of the Company.

• (2) In order to be valid, the 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 authority, must be deposited at the Company’s registered office at 1803, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong not less than 48 hours before the time appointed for the holding of the meeting or any adjournment thereof. Completion and return of the form of proxy will not preclude members from attending and voting in person at the meeting.

• (3) As at the date hereof, the Executive Directors of the Company are Mr. LI Yinquan, Mr. HONG Xiaoyuan, Mr. CHU Lap Lik, Victor, Ms. ZHOU Linda Lei and Mr. TSE Yue Kit; the Non-executive Director is Mr. KE Shifeng; and the Independent Non-executive Directors are Mr. KUT Ying Hay, Mr. WANG Jincheng, Mr. LI Kai Cheong, Samson and Mr. LIU Baojie. In addition, Ms. KAN Ka Yee, Elizabeth is the Alternate Director to Mr. CHU Lap Lik, Victor.

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