Walnut Capital Limited — Proxy Solicitation & Information Statement 2000

May 19, 2000

(Incorporated in the Cayman Islands with limited liability)

Notice of Annual General Meeting

Notice is HereBy Given that the annual general meeting of the Company will be held at 16th Floor, Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong on Thursday, the 22nd day of June, 2000 at 9:00 a.m. for the following purposes:

1. To receive and consider the financial statements and the reports of the directors and auditors for the year ended 31st December, 1999.

2. To re-elect directors and to fix the remuneration of directors.

3. To re-appoint auditors and to fix their remuneration.

By Order of the Board

Peter Lee Yip Wah

Secretary

Hong Kong, 18th May, 2000

Notes:

1. Any member of the Company entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and on a poll, vote in his stead. A proxy need not be a member of the Company.

2. To be valid, the proxy form, together with any power of attorney or other authority (if any) under which it is signed, or a notarially certified copy thereof, must be lodged with the principal place of business of the Company in Hong Kong at 16th Floor, Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong not less than 48 hours before the time appointed for holding the meeting or any adjournment thereof.