Xizang Zhihui Mining Co., Ltd. — Proxy Solicitation & Information Statement 2000

Apr 26, 2000

(A joint stock limited company incorporated in the People's Republic of China)

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the Annual General Meeting of Harbin Power Equipment Company Limited (the "Company") for the year 1999 will be held at Block B, 95 Daqing Road, Dongli District, Harbin, Heilongjiang Province, the People's Republic of China on Friday, 23rd June, 2000 at 9:00 a.m. for the following purposes:

AS ORDINARY BUSINESS

1. To receive and consider the report of the board of directors for the year ended 31st December, 1999;

2. To receive and consider the report of the supervisory committee for the year ended 31st December, 1999

3. To receive and consider the audited accounts of the Company and the auditors' report for the period ended 31st December, 1999;

4. To re-appoint Messrs. Deloitte Touche Tohmatsu and Messrs. Deloitte Touche Tohmatsu Shanghai Certified Public Accountants as the auditors of the Company and authorize the directors of the Company to fix their remuneration;

5. To declare the 1999 final dividend of Rmb0.017 per share.

By order of the Board

Deng Xian-yuan, Danny C.W. Lam

Joint Company Secretaries

25th April, 2000

Registered office

Block 3

Nangang High Technology Production Base

Harbin

Heilongjiang Province

People's Republic China

Notes:

1. For the purpose of determining the list of shareholders entitled to attend and vote at the Annual General Meeting and the receive of the final dividend to be declared at that meeting, the Company shall temporarily suspend changes to the register of shareholders from 24th May, 2000 to 23rd June, 2000 (both days inclusive). Shareholders whose names appear on the register at the time of the suspension of registration shall be entitled to attend and vote at the Annual General Meeting and shall be entitled to receive the final dividend if declared at that meeting. Persons who purchase shares of the Company during the period of suspension of registration shall not be entitled to attend the Annual General Meeting nor to the final dividend of the year 1999.

2. Shareholders intending to attend the Annual General Meeting shall give written notice of the same to the Company, which shall be lodged at the registered office of the Company on or before 4:00 p.m. on 2nd June, 2000.

3. A Shareholder entitled to attend and vote at the Annual General Meeting is entitled to appoint one or more persons (whether or not a shareholder of the Company) as his proxy to attend and vote instead of him.

4. To be valid, the form of proxy, together with a duly notarized power of attorney or other document of authority, if any, under which the form is signed must be deposited at the registered office of the Company not less than 24 hours before the time for holding the Annual General Meeting.

"Please also refer to the published version of this announcement in the Hong Kong Standard"