Extrawell Pharmaceutical Holdings Limited — Proxy Solicitation & Information Statement 2007

Aug 22, 2007

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(Incorporated in Bermuda with limited liability)

(Stock code: 00858)

PROXY FORM

FORM OF PROXY FOR USE BY SHAREHOLDERS AT THE SPECIAL GENERAL MEETING TO BE CONVENED AT 4:00 P.M. ON THURSDAY, 20 SEPTEMBER 2007.

I/We[(note][a)]

of

being the holder(s) of

(note b) shares of HK$0.01 each

of EXTRAWELL PHARMACEUTICAL HOLDINGS LIMITED (‘‘Company’’) hereby appoint the Chairman of the special general meeting (‘‘Meeting’’) of the Company or

of

to act as my/our proxy[(note][c)] at the Meeting to be held at 4:00 p.m. on Thursday, 20 September 2007 at Salon 5, Level 3, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway, Hong Kong and at any adjournment thereof and to vote on my/our behalf as directed below, or, if no such indication is given, as my/our proxy thinks fit.

Please make a mark in the appropriate boxes to indicate how you wish your vote(s) to be cast on a poll[(note][d)] .

RESOLUTION FOR AGAINST 1. To consider and approve the Acquisition Agreement dated 27 July 2007 and entered into between Mr. Ong Cheng Heang as vendor and Extrawell (BVI) Limited as purchaser in respect of the sale and purchase of 49% interest in the share capital of Smart Ascent Limited and the transactions contemplated thereby.

Date: Shareholder’s signature .........................................................[(notes][e,][f,][g][and][h)]

Notes:

• a Full name(s) and address(es) are to be inserted in BLOCK CAPITALS. The name of all joint holders should be stated.

• b Please insert the number of shares registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the shares in the capital of the Company registered in your name(s).

• c A proxy need not be a member of the Company. If you wish to appoint some person other than the Chairman of the Meeting as your proxy, please delete the words ‘‘the Chairman of the special general meeting (‘‘Meeting’’) of the Company or’’ and insert the name and address of the person appointed proxy in the space provided.

• d If you wish to vote for the resolution set out above, please tick (‘‘H’’) the box marked ‘‘For’’. If you wish to vote against the resolution, please tick (‘‘H’’) the box marked ‘‘Against’’. If this form returned is duly signed but without specific direction on the proposed resolution, the proxy will vote or abstain at his/her discretion in respect of the resolution; or if in respect of a particular proposed resolution there is no specific direction, the proxy will, in relation to that particular proposed resolution, vote or abstain at his discretion. A proxy will also be entitled to vote at his/her discretion on any resolution properly put to the Meeting other than those set out in the notice convening the Meeting or any adjourned meeting.

• e In the case of joint holders, this form of proxy may be signed by any joint holder, but if more than one joint holder is present at the Meeting, whether in person or by proxy, that one of the joint holders whose name stands first on the register of members in respect of the relevant joint holding shall alone be entitled to vote in respect thereof.

• f The form of proxy must be signed by a shareholder, or his/her attorney duly authorised in writing, or if the shareholder is a corporation, either under its common seal or under the hand of an officer or attorney so authorised.

• g To be valid, this form of proxy together with any power of attorney or other authority (if any) under which it is signed or a notarially certified copy of such power or authority must be deposited at the office of the Company’s Hong Kong branch share registrar, Tricor Tengis Limited at 26th Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong not later than 48 hours before the time of the Meeting or any adjourned meeting.

• h Any alteration made to this form should be initialled by the person who signs the form.

• For identification purpose only