PSE Circular for Brokers No. 784-99

April 16, 1999 PSE CIRCULAR FOR BROKERS NO. 784-99 NOTICE OF ANNUAL STOCKHOLDERS' MEETING TO : All Stockholders Notice is hereby given that the 1999 Annual Meeting of the stockholders of SOUTH CHINA RESOURCES, INC . (formerly known as South China Petroleum & Exploration, Inc.) shall be held on May 14, 1999 at 2:00 P.M. at The Peninsula Manila, Corner Ayala and Makati Avenues, Makati City. The Agenda for said meeting is as follows: LLpr 1. Proof of notice and quorum; 2. Reading and approval of previous Minutes; 3. Report of Management; 4. Ratification of the acts of the Board of Directors and Officers. 5. Approval of amendment to the Corporation's By-Laws changing the date of the annual meeting of the stockholders. 6. Election of Directors; 7. Appointment of Auditors; 8. Other Matters; and 9. Adjournment For the purpose of the meeting, only stockholders of record at the close of business on April 24, 1999 shall be entitled to notice of and to vote at the meeting. The Stock and Transfer Book of the Corporation shall be closed from April 24, 1999 to May 14, 1999. (SGD.) JAIME M. BLANCO JR. Corporate Secretary