China Netcom Technology Holdings Limited — Proxy Solicitation & Information Statement 2005

Jun 3, 2005

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GLORY FUTURE GROUP LIMITED 光彩未來集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 8071)

PROXY FORM

Form of proxy for use by shareholders at the annual general meeting to be convened at 11:00 a.m. on Monday, 27 June 2005 at 7/F, San Kei Tower, 56-58 Yee Wo Street, Causeway Bay, Hong Kong (or any adjournment thereof)

I/We [(note a)]

of

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

shares of HK$0.05 each in the capital of Glory Future Group Limited (the “ Company ”) hereby appoint the Chairman of the annual general meeting of the Company (the “Meeting”) or

of to

act as my/our proxy [(note c)] at the Meeting of the Company to be held at 11:00 a.m. on Monday, 27 June 2005 at 7/F, San Kei Tower, 56-58 Yee Wo Street, Causeway Bay, Hong Kong or at any adjournment thereof and to vote on my/our behalf as directed below.

Please make a mark in the appropriate box to indicate how you wish your proxy to vote in your name(s) in respect of each of the resolutions. If no such indication is given, your proxy may vote or abstain at his/her discretion [(note d)] .

	ORDINARY RESOLUTIONS	FOR(note d)	AGAINST(note d)
1.	To receive and approve the audited consolidated financial statements and the reports of the directors and the auditors for the year ended 31 December 2004.
2.	(a) To re-elect Mr. Chow Yeung Tuen, Richard as an executive director;
	(b) To re-elect Mr. Luan Shusheng as an executive director;
	(c) To re-elect Mr. Chik Sun Cheung as an independent non-executive director;
	(d) To re-elect Ms. Ho Suk Yin, JP as an independent non-executive director; and
	(e) To authorise the board of directors to fix the directors’ remuneration.
3.	To re-appoint the Company’s auditors and to authorise the board of directors to fix their remuneration.
4.	To grant to the directors of the Company a general mandate to allot, issue and deal with unissued shares in the capital of the Company.
5.	To grant a general mandate to the directors of the Company to repurchase shares of the Company.
6.	To add nominal amount of the repurchased shares to the general mandate pursuant to Resolution 4.

Date Signature

[(notes e, f, g and h)]

Notes:

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

• b. Please insert the number of shares 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).

• c. A proxy need not be a member of the Company. If you wish to appoint any proxy other than the Chairman of the Meeting, please delete the words “the Chairman of the Meeting or” and insert the name and address of the person appointed as your proxy in the space provided.

• d. Please indicate with a tick in the relevant box the way you wish your votes to be cast. If this form of proxy when returned is duly signed but without specific direction on the proposed resolution, the proxy will vote or abstain at his/her discretion in respect of the proposed resolution. A proxy will also be entitled to vote or abstain at his/her discretion on any amendment of a resolution put to the meeting.

• e. In the case of joint registered holders of any share(s), this form of proxy may be signed by any joint registered holder, but if more than one joint registered holder is present at the Meeting, whether in person or by proxy, that one of the joint registered holders whose name stands first on the register of members in respect of the relevant jointly registered share shall alone be entitled to vote in respect thereof to the exclusion of the votes of the other joint registered holders.

• f. The form of proxy must be signed by a shareholder, or his attorney duly authorised in writing, or if the shareholder is a corporation, either under its Common Seal or under the hand of an officer or attorney so authorised.

• g. 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 copy of such power or authority must be deposited at the Company’s head office and principal place of business in Hong Kong at 7/F, San Kei Tower, 56-58 Yee Wo Street, Causeway Bay, Hong Kong not later than 48 hours before the time of the Meeting or any adjournment thereof.

• h. Any alteration made to this form should be initialled by the person who signs the form.

• i. Completion and return of this form of proxy will not preclude you from attending and voting in person at the Meeting or any adjournment thereof if you so wish.