China High Precision Automation Group Limited — Proxy Solicitation & Information Statement 2005

Jul 28, 2005

ALCO HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 328)

FORM OF PROXY FOR USE AT ANNUAL GENERAL MEETING

I/We [(note 1)]

of

being the registered holder(s) of [(note 2)]

shares of HK$0.10 each in

the capital of Alco Holdings Limited (“the Company”) hereby appoint [(note 3)]

of

or failing him, the duly appointed Chairman of the Meeting, as my/our proxy, to vote for me/us and on my/our behalf at the Annual General Meeting of the Company to be held at Aberdeen Room, JW Marriott Hotel, Level 3, Pacific Place, 88 Queensway, Hong Kong on Thursday, 8th September 2005 at 11:00 a.m. and at any adjournment thereof on the undermentioned resolutions as indicated and if no such indication is given as my/our proxy thinks fit:

		FOR(note 4)	AGAINST(note 4)
	ORDINARY RESOLUTIONS
1.	To receive and consider the audited consolidated financial statements and
	the reports of the directors and auditors for the year ended 31st March
	2005.
2.	To declare final and special dividends for the year ended 31st March 2005.
3.	(i)To re-elect Mr WONG Po Yan as Director.
	(ii)To re-elect Mr LI Wah Ming, Fred as Director.
	(iii)To authorise the Board of Directors to fix the Directors’ remuneration.
4.	To appoint Auditors and to authorise the Board of Directors to fix their
	remuneration.
5.	To grant an unconditional general mandate to the Director to allot, issue
	and deal with additional shares.
6.	To grant an unconditional general mandate to the Director to repurchase
	shares of the Company.

Dated this: day of 2005 Signature [(note 5)] :

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 registered in your name(s). If no number is inserted, this form or proxy will be deemed to relate to all the shares of the Company registered in your name(s).

3. Please insert the name and address of the proxy desired. IF NO NAME IS INSERTED, THE CHAIRMAN OF THE MEETING WILL ACT AS YOUR PROXY.

4. IMPORTANT: IF YOU WISH TO VOTE FOR A RESOLUTION, TICK IN THE RELEVANT BOX MARKED “FOR”. IF YOU WISH TO VOTE AGAINST A RESOLUTION, TICK IN THE RELEVANT BOX MARKED “AGAINST’. Failure to complete the boxes will entitle your proxy to cast his vote at his discretion.

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

6. If more than one of the joint holders be present at the meeting personally or by proxy, that one of the said persons so present whose name stands first on the register in respect of the relevant shares shall alone be entitled to vote in respect thereof.

7. To be valid, this form of proxy, together with the power of attorney (if any) or other authority (if any) under which it is signed or a notarially certified copy of that power or authority thereof, must be deposited with the Company Secretary at the Company’s principal place of business in Hong Kong at, 11th Floor, Zung Fu Industrial Building, 1067 King’s Road, Quarry Bay, Hong Kong not less than 48 hours before the time for holding the meeting or adjourned meeting 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 form of proxy will not preclude you from attending and voting at the meeting if you so wish.

10. Any alternations made in this form of proxy must be initialled by the person who signs it.