CMB_1997_Copy2 — Page 5

Notice of Ordinary Yearly Meeting

NOTICE IS HEREBY GIVEN that the Fifty-ninth Ordinary Yearly Meeting of the Members of the Company will be held at its registered office at 391 Chai Wan Road, Chai Wan, Hong Kong on Wednesday, 24th December, 1997 at 12:00 noon for the following purposes:-

1. To receive and consider the Statement of Accounts and the Reports of the Directors and Auditors for the year ended 30th June, 1997

and to declare a final dividend.

2. To elect Directors and fix their fees.

3. To appoint Auditors and authorise the Directors to fix their remuneration.

4. To transact any other competent business.

Hong Kong, 24th November, 1997

By Order of the Board

Ng Chi Kin Secretary

Notes:

1. A shareholder entitled to attend and vote at the above Meeting may appoint a proxy or proxies to attend and vote in his place and such

proxy need not be a shareholder of the Company.

2. To be valid, forms of proxy must be deposited at the Registered Office of the Company not less than forty-eight hours before the time

fixed for holding the Meeting or adjourned Meeting.

3. To qualify for the final dividend, all unregistered transfers should be lodged at the Registrars' Office not later than 4:00 pm on Tuesday,

9th December, 1997.

4. The Transfer Books and Register of Members of the Company will be closed from Wednesday, 10th December, 1997 to Tuesday, 23rd

December, 1997, both days inclusive.

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Report of the Directors