Alco Holdings Limited — Proxy Solicitation & Information Statement 2007

May 3, 2007

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KECK SENG INVESTMENTS (HONG KONG) LIMITED

(Incorporated in Hong Kong under the Companies Ordinance)

(Stock Code: 00184)

PROXY FORM

I/We [(note l)]

of

being the shareholder(s) of the above-named company hereby appoint [(note 2)]

of

or failing him

of

to act as my/our proxy at the ANNUAL GENERAL MEETING of the Company to be held at Tianshan Room, Level 5, Island Shangri-La Hotel, Pacific Place, Supreme Court Road, Central, Hong Kong on Saturday, 23 June 2007 at 12:00 noon and at any adjournment thereof and to vote on my/our behalf as directed below.

Please indicate with a “✓” in the spaces provided how you wish your votes to be cast on a poll. Should this form be returned duly signed but without a specific direction, the proxy will vote or abstain at his discretion.

	Resolutions	For	Against
1.	To receive and consider the audited Financial Statements and the Reportsof the Directors and of the Auditors thereon for the year ended 31December 2006.
2.	To declare a final dividend of HK$0.1 per share.
3.	(a)To re-elect Mr Ho Kian Guan as Director.
	(b)To re-elect Mr Tse See Fan, Paul as Director.
	(c)To re-elect Dr Chan Yau Hing, Robin as Director.
	(d)To re-elect Mr Chan Lui Ming, Ivan as Director.
	(e)To re-elect Ms Yu Yuet Chu, Evelyn as Director.
	(f)To authorise the Board to fix the Directors’ remuneration.
4.	To re-appoint KPMG as Auditors and to authorise the Board to fix theirremuneration.
5.	To give a general mandate to the Directors to purchase shares notexceeding 10% of the total nominal amount of the existing issued sharecapital.
6.	To give a general mandate to the Directors to issue, allot and dispose ofadditional shares not exceeding 20% of the existing issued share capital.
7.	To extend the general mandate granted to the Directors to issue shares bythe number of shares repurchased.

Shareholder’s Signature

Signed this day of 2007

No. of Shares Held [(note 3)]

Notes:

• (1) Full name(s) and address(es) to be inserted in BLOCK CAPITALS.

• (2) Please insert the name and address of the proxy desired in the space provided. Any alteration made to this proxy form must be initialled by the person who signs it.

• (3) Please insert the number of shares registered in your name(s); if no number is inserted, this proxy form will be deemed to relate to all the shares in the Company registered in your name(s).

• (4) To be valid, this proxy form together with the power of attorney or other authority (if any) under which it is signed or a notarially certified copy thereof, must be deposited at the Company’s Share Registrar, Tengis Limited, 26th Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong not less than 48 hours before the time appointed for holding the meeting or adjourned meeting.

• (5) In the case of joint holders, any one of such holders may vote either in person or by proxy, but if more than one of such holders are present at the meeting in person or by proxy, only the person whose name stands first in the register of members is entitled to vote.

• (6) This proxy form must be signed by you or your attorney duly authorised in writing or, in the case of a corporation, must either be executed under its common seal or under the hand of an officer or attorney duly authorised.

• (7) The proxy need not be a member of the Company but must attend the meeting in person to represent you.