PSE Circular for Brokers No. 407-99

March 4, 1999 PSE CIRCULAR FOR BROKERS NO. 407-99 FACSIMILE COVER/MESSAGE March 3, 199 9 RECEIVER'S FAX NO.: 636-08-09/637-88-11 TOTAL PAGE/SHEET (Including this page/sheet): One (1) TO : The Philippine Stock Exchange, Inc. Attn. Disclosure Department Listing and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City FROM Office of the Corporate Secretary MESSAGE : We are pleased to confirm our Ms. Amy D. De Leon's telephone call late this afternoon to your Ms. Arlene Edades that the Board of Directors of this Bank, at its regular meeting held today approved, confirmed and/or ratified to fix the record date at the close of business on April 22, 1999 for the determination of those entitled to vote in the forthcoming annual stockholders meeting to be held at ChinaBank Building, Penthouse, Paseo De Roxas corner Villar Street, Makati City on May 06, 1999 at 4:00 in the afternoon and for said purpose, to have the Bank's transfer books closed from April 23, 1999 to May 06, 1999 , inclusive, a copy of our Notice of the Stockholders Meeting is enclosed for your reference. LexLib Thank you, AUTHORIZED BY: (SGD.) ARSENIO L. LIM, JR. Vice President & Corporate Secretary April 00, 1999 Notice of Stockholders Meeting DEAR STOCKHOLDERS: Please be notified that the annual meeting of stockholders of this Corporation will be held on May 16, 1999, Thursday at 4:00 P.M. at the China Banking Corporation Building, Penthouse, Paseo de Roxas corner Villar Street, Makati City to pass upon the following matters: 1. Disposal of the Minutes of the immediately preceding meeting of the stockholders (05-07-98); 2. Report to Stockholders for the year 1998; 3. Approval of Balance Sheet for year ended December 31, 1998; 4. Ratification of all acts of the Board of Directors, Executive Committee and Management during the year 1998; 5. Election of the Board of Directors for the ensuing term; 6. Election of External Auditors; 7. Such other business as may properly come before it. Without soliciting or asking you to send/give us a proxy , in case you cannot attend in person you may appoint a proxy by accomplishing proxy form provided below for your convenience and submitting it to us at least three (3) business days before the meeting. To ensure that proxies are submitted within the deadline prescribed in the By-Laws, all proxies dated/submitted in disregard of the requirement that they be submitted three (3) business days before the meeting will be considered uniformly dated as of May 03, 1999, regardless of the actual date/s and/or execution thereof, save when they are dated earlier than May 03, 1999 which earlier date shall be followed. LLjur Only stockholders of record as of April 22, 1999 shall be entitled to vote and accordingly, the stock transfer books will be closed from April 23, 1999 until the close of business on May 06, 1999. NOTE: WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. (SGD.) ARSENIO L. LIM JR. Vice-President & Corporate Secretary PROXY KNOW ALL MEN BY THESE PRESENTS. That I/We the undersigned stockholder/s of the CHINA BANKING CORPORATION do hereby appoint as my/our proxy to represent me/us and vote all shares registered in my/our name on the books of the above-named corporation and/or such shares as I serve are authorized to represent and vote in my/our capacity as administrator, executor or attorney-in-fact, at the regular meeting of the stockholders of said corporation scheduled on Thursday, May 06, 1999 and at any and all subsequent regular and special meetings of the stockholders of the said bank, and at all adjournments and postponements thereof, as fully to all intents and purposes as I/we might or could do if present and acting in persons with full power of substitution. This proxy shall continued until such time as the same is withdrawn by me/us through notice in writing, or superseded by subsequent proxy, delivered to the Secretary at least three (3) business days before any scheduled meeting, but shall not apply in instances where I/we personally attend the meeting, nor be effective beyond five (5) years from date hereof. IN WITNESS WHEREOF I/we have hereunto signed these presents in ________ this _______ day of _______, 199_____. SIGNED IN THE PRESENCE OF __________________ ___________________ Signature of Stockholder __________________