NEWSTATE HOLDINGS, INC.
PROXY
FOR THE ANNUAL MEETING OF STOCKHOLDERS
Thursday, November 9, 2000
SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints JIN K. KIM and SUN W. YOUNG and each
of them, as Proxy, each with full power of substitution, to vote all of the
stock of NewState Holdings, Inc. standing in the undersigned's name at the
Annual Meeting of Stockholders of NewState Holdings, Inc. to be held at the
offices of Pitney, Hardin, Kipp & Szuch LLP, 711 Third Avenue, New York, New
York 10017 on Thursday, November 9, 2000 at 9:00 a.m. local time, and at any
adjournment thereof. The undersigned hereby revokes any and all proxies
heretofore given with respect to such meeting.
This proxy will be voted as specified below. If no choice is
specified, the proxy will be voted FOR the election of the 4 nominees for
director listed in the Proxy Statement.
Please date, sign, and mail your proxy card in the envelope provided
as soon as possible.
(see reverse side)
<PAGE>
1. ELECTION OF 4 DIRECTORS
Management Recommends a Vote FOR the Nominees Listed Below
/ / FOR the nominees listed below (except as marked to the
------ contrary below):
/ / FOR ALL nominees except: ______________________________
___________________
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(Instructions: To withhold authority to vote for any
individual nominee(s) write that nominee's name on the
above line.)
/ / WITHHOLD AUTHORITY to vote for all nominees listed below
-------
Ernest B. Kim, Jin K. Kim, Sun W. Young, and A. Sungil Noh
2. In their discretion, upon such other matters as may properly come
before the meeting.
Dated: ________________, 2000
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Signature
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Signature
(Please sign exactly as your name appears. When signing as
an executor, administrator, guardian, trustee or attorney,
please give your title as such. If signer is a
corporation, please sign the full corporate name and then
an authorized officer should sign his name and print his
name and title below his signature. If the shares are held
in joint name, all joint owners should sign.)
PLEASE DATE, SIGN AND RETURN PROMPTLY
IN THE ENVELOPE PROVIDED
