Ulferts International Limited — Proxy Solicitation & Information Statement 2007

May 3, 2007

首長四方（集團）有限公司[*]

SHOUGANG CONCORD GRAND (GROUP) LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 730)

NOTICE OF SPECIAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that a special general meeting of the shareholders of Shougang Concord Grand (Group) Limited (the “Company” ) will be held at 10:50 a.m., on Wednesday, 6 June 2007, at JW Marriott Ballroom, Level 3, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway, Hong Kong for the purpose of considering and, if thought fit, passing the following resolution as an ordinary resolution of the Company:

ORDINARY RESOLUTION

“ THAT

• (a) the master supply agreement (the “Master Supply Agreement” ) dated 11 April 2007 entered into between the Company and GDC Technology Limited ( “GDC Tech” ), a copy of which is tabled at the meeting and marked “A” and initialed by the chairman of the meeting for identification purpose, pursuant to which, GDC Tech has agreed to supply the Company and/or its associates with digital cinema equipment and network management and other related equipment and services (the “Continuing Connected Transactions” ), be and is hereby approved, ratified and confirmed;

• (b) the cap amounts in relation to the Continuing Connected Transactions for the period ending 31 December 2007 of US$103,000,000 and each of the two financial years ending 31 December 2009 of US$104,500,000 and US$106,000,000, respectively, be and are hereby approved; and

• (c) any one director of the Company, or any two directors of the Company if the affixation of the common seal is necessary, be and is/are hereby authorised for and on behalf of the Company to execute all such other documents, instruments and agreements and to do all such acts or things deemed by him/her to be incidental to, ancillary to or in connection with the matters contemplated in the Master Supply Agreement.”

By Order of the Board

Shougang Concord Grand (Group) Limited Cao Zhong

Vice Chairman and Managing Director

Hong Kong, 4 May 2007

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• Notes: In order to be valid, the instrument appointing a proxy and the power of attorney or other authority (if any) under which it is signed, or a notarially certified copy of such power or authority, must be delivered to the office of the Hong Kong branch share registrars and transfer office of the Company, 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 adjourned meeting thereof (as the case may be).

As at the date of this announcement, the board of the Company comprises Mr. Wang Qinghai (Chairman), Mr. Cao Zhong (Vice Chairman and Managing Director), Mr. Chen Zheng (Managing Director of Operations), Mr. Wang Tian (Deputy Managing Director), Ms. Cheng Xiaoyu (Deputy Managing Director), Mr. Yuan Wenxin (Deputy Managing Director), Mr. Leung Shun Sang, Tony (Non-executive Director), Mr. Tam King Ching, Kenny (Independent Non-executive Director), Ms. Zhou Jianhong (Independent Non-executive Director) and Mr. Yip Kin Man, Raymond (Independent Non-executive Director).

• For identification purpose only

Please also refer to the published version of this announcement in South China Morning Post - Classified.

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