Planetree International Development Limited — Proxy Solicitation & Information Statement 2006

Oct 23, 2006

YUGANG INTERNATIONAL LIMITED （渝港國際有限公司）[*]

(incorporated in Bermuda with limited liability)

(Stock Code: 613)

Proxy Form for Special General Meeting to be held on Monday, 6 November 2006

(or at any adjournment thereof)

Form of proxy for use by shareholders at the special general meeting (the “Meeting”) of Yugang International Limited to be held at Grand Rooms I and II, Lobby, Grand Hyatt Hong Kong, 1 Harbour Road, Wanchai, Hong Kong on Monday, 6 November 2006 at 11:00 a.m. and at any adjournment thereof.

I/We[(1)] , of being the registered holder(s) of[(2)] shares of HK$0.01 each (“Shares”) in the capital of Yugang International Limited (the “Company”), hereby appoint[(3)] the Chairman of the Meeting, or[(3)]

of

as my/ our proxy to attend and vote for me/us and on my/our behalf at the Meeting of the Company to be held at Grand Rooms I and II, Lobby, Grand Hyatt Hong Kong, 1 Harbour Road, Wanchai, Hong Kong on Monday, 6 November 2006 at 11:00 a.m. (or at any adjournment thereof) and to vote in respect of the resolutions set out in the notice convening the Meeting as hereunder indicated and on any other business that may properly come before the Meeting:

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Ordinary Resolution For [(4)] Against [(4)]
To approve, conditional upon the approval by the shareholders of
Qualipak International Holdings Limited of the same, the Acquisition
Agreement (as defined in the circular to shareholders of the Company
dated 20 October 2006).
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Signed this

day of , 2006 Signature(s)[(5)]

Notes:

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

• (2) 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 registered in your name(s).

• (3) If any proxy other than the Chairman of the Meeting is preferred, delete the words “the Chairman of the Meeting” and insert the name and address of the proxy desired in the space provided. Any alteration made to this form of proxy must be duly initialled by the person who signs it.

• (4) Please indicate with a “ ” in the appropriate space beside the resolution how you wish the proxy to vote on your behalf. If this form is returned duly signed, but without any indication as to how your proxy should vote, the proxy may vote for or against the resolution or may abstain 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.

• (6) 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. For this purpose, seniority is determined by the order in which the names stand in the Register of Members in respect of the joint holding.

• (7) To be valid, this form of proxy, together with a power of attorney or other authority (if any) under which it is signed, or a certified copy of that power or authority, must be deposited at the Company’s branch share registrar in Hong Kong, Tengis Limited at 26th Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong not less than 48 hours before the time appointed for holding the Meeting or any adjournment thereof.

• (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 will not preclude you from attending and voting in person at the Meeting or any adjournment thereof if you so wish. In such event, this form of proxy will be deemed to have been revoked.

• For identification purposes only