Raymond Industrial Limited — Proxy Solicitation & Information Statement 2008

Apr 22, 2008

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----- Start of picture text ----- CNPC (HONG KONG) LIMITED(incorporated in Bermuda with limited liability)CNPC (HONG KONG)----- End of picture text -----

CNPC (HONG KONG) LIMITED

FORM OF PROXY FOR ANNUAL GENERAL MEETING

I/We (Note 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . being the registered holder(s) of (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . shares of HK$0.01 each in the capital of CNPC (Hong Kong) Limited (“the Company”) hereby appoint (Note 3) the Chairman of the Meeting or . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . as my/our proxy to vote for me/us on my/our behalf at the Annual General Meeting of the Company to be held at the VINSON Room, Pacific Place Conference Centre, Level 5, One Pacific Place, 88 Queensway, Central, Hong Kong on Monday 26 May 2008 at 11:00 a.m. and at any adjournment thereof on the resolutions as hereunder indicated:

		RESOLUTIONS		FOR (Note 4)	FOR (Note 4)	AGAINST (Note 4)	AGAINST (Note 4)
	1.	To adopt the audited Financial Statement and the Reports of the Directors and
		Auditors for the year ended 31 December 2007.
	2.	To declare a final dividend of HK$0.12 per share.
	3.	a)To re-elect Mr. Cheng Cheng as Director.
		b)To re-elect Dr. Lau Wah Sum as Independent Non-Executive Director.
		c)To re-elect Mr. Li Kwok Sing Aubrey as Independent Non-Executive Director.
		d)To authorise the Directors to fix the remuneration of the Directors.
	4.	To appoint Deloitte Touche Tohmatsu as Auditors for the ensuing year in place of
		the retiring auditors Deloitte Touche Tohmatsu and to authorise the Directors to fix
		their remuneration.
	5.	To approve the share repurchase mandate (Ordinary Resolution item 5 of the Notice
		of Annual General Meeting).
	6.	To approve the share issue mandate (Ordinary Resolution item 6 of the Notice of
		Annual General Meeting).
	7.	To approve extension of the share issue mandate (Ordinary Resolution item 7 of the
		Notice of Annual General Meeting).

Dated this . . . . . . . . . . . . day of . . . . . . . . . . . . ., 2008

Signature (Note 5): . . . . . . . . . . . . . . . . . . . .

Notes:

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

2. 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).

3. Any member entitled to attend and vote at this Meeting is entitled to appoint a proxy or proxies to attend and vote in their stead. The proxy need not be a member of the Company but must attend the meeting in person to represent the appointor. If you wish to appoint a proxy other than the Chairman of the Meeting, strike out the words “Chairman of the Meeting” and insert the name and address of the person desired in the spaces provided. Any alteration made to this Form of Proxy must be initialled by the person(s) signing it. In the case of joint holders, if more than one of such joint holders be present, personally or by proxy, one of the persons so present whose name stands first in the Register of Members in respect of the relevant joint holding shall alone be entitled to vote.

4. Please indicate with an “x” in the space provided how you wish your vote(s) to be cast on a poll. Should this form be returned duly signed but without a specific direction, the proxy will vote or abstain at his discretion.

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

6. The instrument appointing a proxy and the power of attorney or other authority (if any) under which it is signed or a notarially certified copy of such power of authority must be deposited at the principal office of the Company at Room 3907-3910, 39/F., 118 Connaught Road West, Hong Kong not less than 48 hours before the time appointed for holding the Meeting.

7. Completion and delivery of this Form of Proxy will not preclude you from attending and voting at the Annual General Meeting if you so wish.

* For identification purpose only