Ulferts International Limited — Proxy Solicitation & Information Statement 2004

Apr 29, 2004

SHOUGANG CONCORD GRAND (GROUP) LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 730)

FORM OF PROXY FOR ANNUAL GENERAL MEETING TO BE HELD ON 8 JUNE 2004

1No. of shares to which this Proxy relates

I/We[2] of

,

being shareholder(s) of SHOUGANG CONCORD GRAND (GROUP) LIMITED (the “Company”) hereby appoint[3] the Chairman of the meeting or

of

as my/our proxy to attend, act and vote for me/us and on my/our behalf at the annual general meeting of the Company to be held on Tuesday, 8 June 2004 at 10:30 a.m. and at any adjournment thereof on the Resolutions referred to in the notice of the annual general meeting (with or without modifications) as indicated below:

		RESOLUTIONS	FOR4	AGAINST4
1.	To	receive and consider the Audited Financial Statements and the Report of
	the	Directors for the year ended 31 December 2003.
2.	(A)	To re-elect Mr. Chen Zheng as a director of the Company.
	(B)	To re-elect Mr. Wang Tian as a director of the Company.
	(C)	To re-elect Ms. Cheng Xiaoyu as a director of the Company.
	(D)	To re-elect Mr. Leung Shun Sang, Tony as a director of the Company.
	(E)	To authorise the Board of Directors to fix the remuneration for the
		directors.
3.	To	re-appoint auditors of the Company and to authorise the Board of
	Directors to fix their remuneration.
4.	To	give a general mandate to the directors to purchase securities of the
	Company.
5.	To	give a general mandate to the directors to issue new shares of the
	Company.
6.	To	extend the general mandate to issue new shares by adding to it the
	number of shares repurchased.
7.	To	approve the amendments to the Bye-laws of the Company.

Dated this

day

of 2004

Signature(s)[5]

Notes:

1. 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 in the capital of the Company registered in your name(s).

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

3. If any proxy other than the chairman of the meeting is preferred, strike out the relevant reference and insert the name and address of the proxy desired in the space provided. A member may appoint one or more proxies to attend and vote in his stead. A proxy need not be a member of the Company. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE DULY INITIALLED.

4. IMPORTANT: IF YOU WISH TO VOTE FOR OR AGAINST A RESOLUTION, PLEASE PLACE AN “X” IN THE APPROPRIATE BOX. If you do not indicate how you wish your proxy to vote, your proxy will exercise his discretion as to whether to vote for or against the Resolutions or to abstain from voting. Your proxy will be entitled to vote or abstained 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 under the hand of the appointor or of his attorney duly authorised in writing or if the appointor is a corporation, either under seal or under the hand of an officer or attorney duly authorised.

6. If two or more persons are jointly entitled to a share and are present at the meeting, only the joint holder whose name stands first in the register of member in respect of the joint holding is entitled to vote at the meeting.

7. 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 of that power or authority, must be deposited with the Company’s branch registrar in Hong Kong, Tengis Limited of G/F., Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong, not less than 48 hours before the time appointed for the meeting.