Innovax Holdings Limited — Proxy Solicitation & Information Statement 2012

May 29, 2012

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(Incorporated in Bermuda with limited liability) (Stock code: 1201)

Form of proxy for use at the Special General Meeting or any adjournment thereof

I/We[1]

of

being the registered holder(s) of[2] (“Company”) HEREBY APPOINT the chairman of the meeting or[3 ]

shares of HK$0.10 each in the capital of Kith Holdings Limited

of

as my/our proxy to act for me/us and on my/our behalf at the special general meeting (or any adjournment thereof) of the Company (“Special General Meeting”) to be held at Kennedy Room, Level 7, Conrad Hong Kong, Pacific Place, 88 Queensway, Hong Kong, at 4:00 p.m. on Wednesday, 13 June 2012 or immediately after the conclusion of its annual general meeting to be held on Wednesday, 13 June 2012 at 3:00 p.m. and in particular (but without limitation) at such meeting (or any adjournment thereof) to vote for me/us and in my/our name(s) in respect of the resolution(s) set out in the notice convening the said meeting as indicated below, or, if no such indication is given, as my/our proxy thinks fit.

	Ordinary Resolution(s)5	For4	Against4
1.	To approve and adopt the 2012 Share Option Scheme and to authorise the
	directors of the Company to grant options to the eligible participants and to
	allot, issue and deal with Shares pursuant to the exercise of any option granted.

Signature[6 ] :

Dated:

Notes:

1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS .

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

3. If any proxy other than the chairman of the meeting is preferred, strike out the words “the chairman of the meeting or” herein inserted and insert the name and address of the proxy desired in the space provided. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE INITIALLED BY THE PERSON(S) WHO SIGN(S) IT .

4. IMPORTANT: IF YOU WISH TO VOTE FOR A RESOLUTION, TICK IN THE BOX MARKED “FOR” ALONGSIDE THE RELEVANT RESOLUTION. IF YOU WISH TO VOTE AGAINST A RESOLUTION, TICK IN THE BOX MARKED “AGAINST” ALONGSIDE THE RELEVANT RESOLUTION . Failure to tick either box will entitle your proxy to cast your votes at his discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the meeting other than that referred to in the notice convening the meeting.

5. The full text of the resolution is set out in the notice convening the Special General Meeting which is included in the circular despatched to shareholders.

6. This form of proxy must be signed by you or your attorney duly authorised in writing or, in case of a corporation, must be either under its common seal or under the hand of an officer or attorney or other person duly authorised.

7. In order to be valid, this form of proxy, together with the power of attorney or other authority (if any) under which it is signed or a notarially certified copy thereof, must be lodged with the Company’s branch share registrar in Hong Kong, Tricor Abacus Limited, at 26/F., Tesbury Centre, 28 Queen’s Road East, Hong Kong not less than 48 hours before the time appointed for the holding of the Special General Meeting or any adjourned meeting.

8. In the case of joint holders, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint holders, and for this purpose seniority will be determined by the order in which the names stand in the register of members in respect of the joint holding.

9. The proxy need not be a shareholder of the Company but must attend the meeting in person to represent you.

10. Completion and deposit of the form of proxy will not preclude you from attending and voting at the meeting if you so wish.

• For identification purpose only