Automated Systems Holdings Limited — Proxy Solicitation & Information Statement 2004

May 11, 2004

(Incorporated in Bermuda with limited liability)

PROXY FORM FOR SPECIAL GENERAL MEETING

I/We[1 ]

of

share(s) of HK$0.01 each in the capital of

being the registered holder(s) of[2] CHINA ONLINE (BERMUDA) LIMITED (“the Company”) HEREBY APPOINT

of or[3]

THE CHAIRMAN OF THE MEETING as my/our proxy to attend the Special General Meeting of the Company (or at any adjournment thereof) to be held at Board Room, 7th Floor, The Dynasty Club Limited, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong on Thursday, the 3rd day of June 2004 at 10:20 a.m. (or at the soonest time thereafter as the Annual General Meeting of the Company convened on the same date and place shall have been concluded or adjourned) and vote for me/us and on my/our behalf in respect of the undermentioned special resolution (the full text of which as detailed in the notice of the Special General Meeting dated 11 May 2004) in the manner as indicated below.

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----- Start of picture text ----- Special Resolution For [4] Against [4]To change the English name of the Company to “COL CAPITAL LIMITED” andadopt “����������” as the Chinese name for identification purposes.----- End of picture text -----

Dated: 2004 Signature [5]

Notes:

1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS . The names of all joint holders should be stated.

2. Please insert the number of shares of HK$0.01 each registered in your name(s) to which this proxy form relates. If no number is inserted, this proxy form will be deemed to relate to all the shares of the Company registered in your name(s).

3. If any proxy other than the Chairman is preferred, strike out “or THE CHAIRMAN OF THE MEETING” and 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.

4. IMPORTANT: IF YOU WISH TO VOTE FOR THE ABOVE RESOLUTION, PLEASE TICK THE BOX MARKED “FOR” BESIDE THE RESOLUTION. IF YOU WISH TO VOTE AGAINST THE ABOVE RESOLUTION, PLEASE TICK THE BOX MARKED “AGAINST” BESIDE THE RESOLUTION. Failure to complete any or all boxes will entitle your proxy to cast or not to cast his votes on the resolution at his discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the Meeting other than those referred to in the Notice convening the Meeting.

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

6. Where there are joint registered holders of any share, any one of such persons may vote at the Meeting, either personally or by proxy, in respect of such share as if he were solely entitled thereto, but if more than one of such joint holders be present at the Meeting personally or by proxy, the one of the said persons so present whose name stands first on the register of members in respect of such share shall be entitled to vote in respect thereof.

7. To be valid, the proxy form together with the power of attorney (if any) or other authority (if any) under which it is signed or a notarially certified copy thereof, must be deposited at the branch share registrars of the Company in Hong Kong, Tengis Limited at G/F., Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong not less than 48 hours before the time appointed for holding the Meeting or any adjournment thereof.

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

9. Completion and deposit of the proxy form will not preclude you from attending and voting at the Meeting if you wish.