Leadway Technology Investment Group Limited — Proxy Solicitation & Information Statement 2005

May 4, 2005

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(Incorporated in Hong Kong SAR with limited liability under the Companies Ordinance)

(stock code : 882)

FORM OF PROXY FOR ANNUAL GENERAL MEETING TO BE HELD ON 27TH MAY, 2005 (OR AT ANY ADJOURNMENT THEREOF)

I/We[(Note1)] ,

of being the registered holder(s) of[(Note][2)] shares of HK$0.10 each in the capital of Tianjin Development Holdings Limited (the ‘‘Company’’) hereby appoint the Chairman of the Annual General Meeting[(Note][3)] or of

as

my/our proxy to attend and act on my/our behalf at the Annual General Meeting of the Company to be held at 38/F., Function Room, Tianjin Building, 167 Connaught Road West, Hong Kong on Friday, 27th May, 2005 at 3: 00 p.m. or at any adjournment thereof and to vote for me/us on the resolutions referred to in the Notice of the Annual General Meeting (with or without modifications) as indicated below:

ORDINARY RESOLUTIONS	ORDINARY RESOLUTIONS	ORDINARY RESOLUTIONS	For (Note 4)	Against (Note 4)
1. To receive and consider the audited financial statements and the reports of the directors and auditors for the year ended 31st December, 2004.
2. To declare a final dividend for the year ended 31st December, 2004.
3. (i) To re-elect the following directors:
(a) Wang Guanghao			(i)(a)	(i)(a)
(b) Ren Xuefeng			(b)	(b)
(c) Zhang Hongru			(c)	(c)
(d) Pang Jinhua			(d)	(d)
(e) Lau Wai Kit			(e)	(e)
(f) Cheng Hon Kwan			(f)	(f)
(ii) To authorise the board of directors to fix their remuneration.			(ii)	(ii)
4. To appoint auditors and to authorise the board of directors to fix their remuneration.
5. A. To grant an unconditional mandate to the directors to repurchase the Company’s own shares.
B. To grant an unconditional mandate to the directors to issue and allot shares.
C. To extend the mandate granted under Resolution No. 5B by adding the nominal amount of the shares repurchased by the Company pursuant to Resolution No. 5A.
Dated this	day of	, 2005. Signature(s)(Note 5):

Notes:

1. Please insert full name(s) and address(es) in BLOCK CAPITALS LETTERS.

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

3. If any proxy other than the Chairman of the Annual General Meeting is preferred, strike out the words ‘‘the Chairman of the Annual General Meeting’’, and insert the name and address of the proxy desired in the space provided.

4. IMPORTANT: IF YOU WISH YOUR PROXY TO VOTE ON YOUR BEHALF FOR A PARTICULAR RESOLUTION, TICK THE BOX MARKED ‘‘FOR’’. IF YOU WISH YOUR PROXY TO VOTE AGAINST A PARTICULAR RESOLUTION, TICK THE BOX MARKED ‘‘AGAINST’’. If you do not indicate how you wish your proxy to vote, your proxy will be entitled to exercise his discretion whether to vote for or against the resolutions or to abstain from voting. Your proxy will also be entitled to vote at his discretion on any amendment to the resolutions referred to in the Notice of the Annual General Meeting which has been properly put to 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 any duly authorised officer.

6. In the case of joint registered holders of any share, any one of such persons may vote at the Annual General Meeting, either personally or by proxy, in respect of such share as if he were solely entitled thereto, but if more than one of such joint holders is present at the Annual General Meeting personally or by proxy, the person whose name stands first on the register of members in respect of the relevant share will alone be entitled to vote in respect thereof.

7. 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 of attorney or other authority, must be deposited at the Company’s Share Registrar, Tengis Limited at G/F., BEA Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong not less than 48 hours before the time appointed for holding the meeting or any adjourned meeting (as the case may be).

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

9. Completion and return of this form of proxy will not preclude you from attending and voting in person at the Annual General Meeting if you so wish.

10. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE DULY INITIALLED BY THE PERSON WHO SIGNS IT.