Asiasec Properties Limited — Proxy Solicitation & Information Statement 2007

Apr 30, 2007

LIPPO CHINA RESOURCES LIMITED 力寶華潤有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 156)

PROXY FORM

Form of proxy for the Annual General Meeting to be held at Harcourt Room, Lower Lobby, Conrad Hong Kong, Pacific Place, 88 Queensway, Hong Kong on Thursday, 7th June, 2007 at 10:30 a.m. (or so soon thereafter as the annual general meeting of Hongkong Chinese Limited convened for 9:30 a.m. on the same date shall have been concluded or adjourned)

I/We[1]

of

being the registered holder(s) of[2]

shares of HK$0.10 each in the capital of

Lippo China Resources Limited (the "Company"), hereby appoint[3] of

or failing him, the Chairman of the meeting, as my/our proxy to attend on my/our behalf at the meeting (and at any adjournment thereof) to vote for me/us in my/our name(s) in respect of the resolutions set out in the notice of the meeting (with or without modifications) as hereunder indicated.

	Resolutions	For4	Against4
1.	To receive and adopt the audited Financial Statements of the Company
	and the Reports of the Directors and the Auditors for the year ended
	31st December, 2006.
2.	To consider and declare a final dividend of HK0.4 cent per share for the
	year ended 31st December, 2006 as recommended bythe Board of Directors.
3A.	(i) To consider the re-election of Mr. James Riadyas a Director.
	(ii) To consider the re-election of Mr. NingGaoningas a Director.
	(iii) To consider the re-election of Mr. KingFai Tsui as a Director.
3B.	To authorise the Board of Directors to fix the Directors remuneration.
4.	To consider the re-appointment of Ernst & Young as Auditors of the Company
	and to authorise the Board of Directors to fix their remuneration.
5A.	To give a general mandate to the Directors to allot and issue additional
	shares of the Company not exceeding 20 per cent. of the issued share capital
	of the Company.
5B.	To give a general mandate to the Directors to repurchase shares of the
	Company not exceeding 10 per cent. of the issued share capital of the
	Company.
5C.	To extend the general mandate to the Directors to allot and issue additional
	shares of the Company by addition of an amount not exceeding the amount
	of shares repurchased bythe Company.
5D.	To approve and adopt a new share option scheme of the Company.
5E.	To approve a new share option scheme of Hongkong Chinese Limited, a
	subsidiary of the Company.
Dated	this day of 2007 Signature(s)7

Note:–

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

2. Please insert the number of shares of HK$0.10 each in the capital of the Company registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the shares in the capital of the Company registered in your name(s).

3. Full name and address of proxy to be inserted in BLOCK CAPITALS. IF NOT COMPLETED, THE CHAIRMAN OF THE MEETING WILL ACT AS YOUR PROXY.

4. IMPORTANT: IF YOU WISH TO VOTE FOR ANY RESOLUTION, TICK IN THE BOX MARKED "FOR" BESIDE THE APPROPRIATE RESOLUTION. IF YOU WISH TO VOTE AGAINST ANY RESOLUTION, TICK IN THE BOX MARKED "AGAINST" BESIDE THE APPROPRIATE RESOLUTION. If no direction is given, the proxy will be entitled to vote or abstain as he thinks fit. Your proxy will be entitled to vote or abstain at his discretion on any resolution properly put to the meeting other than those referred to in the notice convening the meeting.

5. To be valid, this form of proxy, together with any power of attorney or other authority, if any, under which it is signed or a notarially certified true copy of such power of authority, must be deposited at the Company's registered office at Room 2301, 23rd Floor, Tower One, Lippo Centre, 89 Queensway, Hong Kong not less than 48 hours before the time appointed for the holding of the meeting or any adjourned meeting thereof.

6. In the case of joint holders of a share, the vote of the person, whether attending in person or by proxy, whose name stands first on the register of members in respect of such share shall be accepted to the exclusion of the vote(s) of the other joint holder(s).

7. This form of proxy must be signed by you or your attorney duly authorised in writing or, if you are a corporation, must either be executed under seal or under the hand of an officer or attorney duly authorised.

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

9. 9 Completion and delivery of this form of proxy shall not preclude you from attending and voting in person if you so wish. 10. Any alterations of this form of proxy must be initialled by the person who signs it.