Infinity Logistics and Transport Ventures Limited — Proxy Solicitation & Information Statement 2000

Aug 9, 2000

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

UDL HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

NOTICE OF SPECIAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that a Special General Meeting of UDL Holdings Limited (hereinafter called the "Company") will be held at 1st Floor, Gold Coast Yacht & Country Club, 1 Castle Peak Road, Castle Peak Bay, New Territories, Hong Kong on 25 August 2000 at 11:00 a.m., for the purpose of considering and, if thought fit, passing the following resolution as an ordinary resolution:

ORDINARY RESOLUTION

"THAT the Company shall dispose the Disposal Companies (as defined in a circular dated 8 August 2000 and duly despatched to shareholders of the Company) to Y. T. Leung Development Company Limited ("YTL Co") pursuant to the Agreement made between YTL Co and the Company dated 17th July 2000, for a consideration of HK$1.00 and that any two Directors of the Company be authorised to sign and execute the sale and purchase agreement and any other documents in connection with the said Disposal for and on behalf of the Company."

By Order of the Board

Peter Yuen Wai Kuen

Company Secretary

Hong Kong, 8 August 2000

Notes:

1. A member entitled to attend and vote at the Special General Meeting is entitled to appoint one or more proxies to attend and, in the event of poll, vote on his behalf. 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 postal address of the Company at Room 906, Westley Square, 48 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong together with a power of attorney or other authority, if any, under which it is signed or a notarially certified copy of that power of attorney or other authority, not less than 48 hours before the time for holding the Special General Meeting or any adjournment thereof.

"Please also refer to the published version of this announcement in the Hong Kong i-mail"