ENM Holdings Limited — Proxy Solicitation & Information Statement 2000

May 16, 2000

(Incorporated in Hong Kong with limited liability)

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of shareholders of Sen Hong Resources Holdings Limited (the "Company") will be held at Salon 6, JW Marriott Hotel, Pacific Place, 88 Queensway, Hong Kong on Wednesday, 7 June, 2000 at 3:20 p.m. for the purpose of considering and if thought fit, passing, with or without amendments, the following resolution to be proposed as an Ordinary Resolution:

"THAT the authorised share capital of the Company be increased from US$70,000,000 divided into 7,000,000,000 ordinary shares of US$0.01 each to US$140,000,000 divided into 14,000,000,000 ordinary shares of US$0.01 each by the creation of 7,000,000,000 ordinary shares of US$0.01 each, such new shares shall rank pari passu in all respects with the existing shares of the Company."

On behalf of the Board

Robin F.K. Radcliffe

Company Secretary

Hong Kong, 15 May, 2000

Notes:

(i) A member entitled to attend and vote at the above EGM is entitled to appoint one or more proxies to attend and vote instead of him. A proxy need not be a member of the Company.

(ii) The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed, or a notarially certified copy of such power of attorney or authority, must be lodged with the Company's Share Registrar, Central Registration Hong Kong Limited at Shops 1712-1716, 17/F., Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not less than 48 hours before the time appointed for holding the EGM.

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