KPa-BM Holdings Limited — Proxy Solicitation & Information Statement 2005

Mar 31, 2005

(Incorporated in Bermuda with limited liability)

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(Stock Code: 1193)

PROXY FORM

Form of proxy for use at the Annual General Meeting to be held at 40th Floor, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong on Monday, the 25th day of April, 2005 at 4:00 p.m. and at any adjournment thereof.

I/We (note 1)

of

being the registered holder(s) of (note 2)

shares of

HK$0.10 each in the capital of China Resources Logic Limited (“the Company”), HEREBY APPOINT (note 3) of

or failing him, the chairman of the meeting, to act for me/us as my/our proxy at the Annual General Meeting of the Company to be held on Monday, the 25th April, 2005 at 4:00 p.m. for the purpose of considering and, if thought fit, passing the resolutions as set out in the notice convening the said meeting and at such meeting (or at any adjournment thereof) to vote for me/us and on my/our behalf in respect of the resolutions as hereunder indicated or, if no such indication is given, as my/our proxy thinks fit (note 4) .

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----- Start of picture text ----- For Against1. To receive and consider the audited consolidated financial statementsand the reports of the Directors and the Auditors for the year ended31st December, 2004.2. To declare a final dividend.3. (1) To re-elect Mr. Song Lin as Director.(2) To re-elect Mr. Zhu Jinkun as Director.(3) To re-elect Mr. Wang Guoping as Director.(4) To re-elect Mr. Yu Yu as Director.(5) To authorise the Board of Directors to fix the remuneration of theDirectors.4. To re-appoint Messrs. Deloitte Touche Tohmatsu, Certified PublicAccountants, as Auditors and to authorise the Board of Directors to fixthe Auditors’ remuneration.5. A. To give a general mandate to the Directors to allot, issue and dealwith additional shares of the Company not exceeding 20 per cent.of the existing issued share capital of the Company.B. To give a general mandate to the Directors to repurchase shares ofthe Company not exceeding 10 per cent. of the existing issued sharecapital of the Company.C. To add the aggregate nominal amount of shares in the capital ofthe Company which may be repurchased by the Company to theaggregate nominal amount of shares that may be allotted by theDirectors pursuant to the general mandate.D. To refresh the share option scheme mandate limit of the Company.6. To amend the existing bye-laws.----- End of picture text -----

Dated this day of 2005 Shareholder’s Signature (note 5) :

Notes:

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

2. Please insert the number of the 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 Company registered in your name(s).

3. Please insert the name and address of the proxy desired. IF NO NAME IS INSERTED, THE CHAIRMAN OF THE MEETING WILL ACT AS YOUR PROXY.

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

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

1. Where there are joint registered holders of any share, any one of such persons may vote at the meeting, either personally or by proxy, in respect of such shares as if he was solely entitled thereto; but if more than one of such joint holders be present at the meeting personally or by proxy, that one of the said persons so present whose name stands first on the register of members in respect of such shares shall alone be entitled to vote in respect thereof.

1. 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 deposited at the Company’s principal place of business at Rooms 4003-06, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong not less than 48 hours before the time appointed for the holding of the meeting or any adjournment thereof.

2. The proxy need not be a member of the Company but must attend the meeting in person to represent you. 9. Completion and delivery of the form of proxy will not preclude you from attending and voting at the meeting if you so wish.

3. ANY ALTERATION MADE TO THIS FORM MUST BE INITIALLED BY THE PERSON WHO SIGNS IT.