Power Assets Holdings Limited — Proxy Solicitation & Information Statement 2013

Dec 15, 2013

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FORM OF PROXY FOR USE AT THE EXTRAORDINARY GENERAL MEETING OF THE COMPANY TO BE HELD ON MONDAY, 6 JANUARY 2014

I/We[(1)] of being the registered holder(s) of[(2)] ordinary shares of HK$1.00 each in Power Assets Holdings Limited 電能實業有限公司 (the “ Company ”) hereby appoint (3) the Chairman of the Meeting or of

as my/our proxy to attend and vote for me/us and on my/our behalf at the Extraordinary General Meeting of the Company (the “ EGM ”) to be held on Monday, 6 January 2014 at 10:30 a.m. and at every adjournment thereof on the undermentioned resolution as indicated:

Resolution	For (4)	Against (4)
The ordinary resolution set out in the notice convening the EGM
(the “EGM Notice”) — To approve the Proposed Spin-off (as
defned and more particularly set out in the EGM Notice) and
matters relating to the implementation thereof.

Note: For the full text of the above proposed ordinary resolution, please refer to the EGM Notice.

Dated this day of .

Signature(s)[(5)]

Notes:

• (1) Please insert your full name(s) and address(es) in BLOCK CAPITALS .

• (2) Please insert the number of ordinary shares of HK$1.00 each registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the ordinary shares of the Company registered in your name(s).

• (3) You are entitled to appoint a proxy of your own choice. If any proxy other than the Chairman of the Meeting is preferred, please strike out “the Chairman of the Meeting or” and insert the name and address of the proxy desired in the space provided. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE INITIALLED BY THE PERSON WHO SIGNS IT.

• (4) IMPORTANT: If you wish to vote for the resolution in the EGM Notice, please place a “tick” in the relevant box under “For”. If you wish to vote against the resolution in the EGM Notice, please place a “tick” in the relevant box under “Against”. If you wish to vote only part of the number of ordinary shares registered in your name(s) to which this proxy form relates, please state the exact number of ordinary shares in lieu of a tick in the relevant box. Failure to complete the box will entitle your proxy to abstain or cast vote on the resolution 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 seal or under the hand of an officer or attorney duly authorised in that behalf.

• (6) In order to be valid, this form, together with the 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 lodged at the registered office of the Company, 44 Kennedy Road, Hong Kong not less than 48 hours before the time appointed for holding the Meeting.

• (7) In the case of joint holders of any ordinary share, any one of such persons may vote, either personally or by proxy in respect of such ordinary share, provided that if more than one of such joint holders be present at the Meeting (or any adjournment thereof) personally or by proxy, the person whose name stands first in the register shall alone be entitled to vote in respect thereof.

• (8) The proxy need not be a member of the Company but must attend the Meeting (or any adjournment thereof) in person to represent you.