Silkwave Inc — AGM Information 2005

May 4, 2005

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SOUTH CHINA HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 265)

Proxy Form for use at the Annual General Meeting to be held on 25 May 2005 (or any adjournment thereof)

I/We (Note 1)

of

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

share(s) of HK$0.025 each in the share capital of South China Holdings Limited (the “Company”) hereby appoint the Chairman of the Meeting or (Note 3)

of

as my/our proxy to attend and vote for me/us and on my/our hehalf at the Annual General Meeting of the Company to be held at 28/F., Bank of China Tower, 1 Garden Road, Central, Hong Kong on Wednesday, 25 May 2005 at 11:30 a.m. (or any adjournment thereof) on the undermentioned resolutions as indicated, and, if no such indication is given, as my/our proxy thinks fit:

For (Note 4) Against (Note 4)

1. To receive and consider the audited financial statements together with the Reports of the Directors and Auditors for the year ended 31 December 2004.

2. To re-elect Mr. Ng Hung Sang, Robert as a Director. 3. To re-elect Mr. Richard Howard Gorges as a Director. 4. To re-elect Ms. Cheung Choi Ngor, Christina as a Director. 5. To re-elect Mrs. Tse Wong Siu Yin, Elizabeth as a Director.

3. To re-elect Mr. Cheng Hong Kei as a Director. 7. To authorise the Board of Directors to fix the Directors’ remuneration. 8. To re-appoint Auditors and to authorise the Board of Directors to fix their remuneration.

4. To give a general mandate to the Directors to issue new shares. 10. To give a general mandate to the Directors to repurchase shares. 11. Conditional on the passing of Resolutions 9 and 10, to extend the general mandate granted to the Directors to issue shares by the number of shares repurchased.

Dated this

Day of

2005 Signed (Notes 5) :

Notes:

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

2. Please insert the number of shares registered in your name(s). If no number is inserted, this form will be deemed to relate to all the 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 Chairman of the Meeting or” and insert the name and address of the proxy desired in the space provided. Any alteration made to this form must be initialed by the person who signs it.

4. IMPORTANT: If you wish to vote for any resolutions, tick the appropriate boxes marked “ FOR ”. If you wish to vote against any resolutions, tick the appropriate boxes marked “ AGAINST ”. Failure to complete the boxes will entitle your proxy to cast his votes at his discreation.

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

6. In the case of joint holders of a share, the vote of the senior who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of the other joint holder(s) and for this purpose seniority shall be determined by the order in which the names stand in the register of members in respect of the joint holding, the first named being the senior.

7. To be valid, this proxy form together with power of attorney (if any) or other authority (if any) under which it is signed or a notarially certified copy thereof must be deposited at the Company’s Share Registrar, Union Registrars Limited at 311-312 Two Exchange Square, Central, Hong Kong, not less than 48 hours before the time fixed for holding the meeting (or any adjournment thereof).

8. The proxy needs not be a member of the Company but must attend the Meeting (or any adjournment thereof) in person to represent you.

9. Completion and return of this form will not preclude you from attending and voting at the Meeting (or any adjournment thereof) if you wish to do so.