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<SEC-DOCUMENT>0000950150-03-001146.txt : 20031021
<SEC-HEADER>0000950150-03-001146.hdr.sgml : 20031021
<ACCEPTANCE-DATETIME>20031021172004
ACCESSION NUMBER:		0000950150-03-001146
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20031209
FILED AS OF DATE:		20031021
EFFECTIVENESS DATE:		20031021

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRIO TECH INTERNATIONAL
		CENTRAL INDEX KEY:			0000732026
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				952086631
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0625

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14523
		FILM NUMBER:		03950352

	BUSINESS ADDRESS:	
		STREET 1:		355 PARKSIDE DR
		CITY:			SAN FERNANDO
		STATE:			CA
		ZIP:			91340
		BUSINESS PHONE:		8183659200

	MAIL ADDRESS:	
		STREET 1:		355 PARKSIDE DRIVE
		CITY:			SAN FERNANDO
		STATE:			CA
		ZIP:			91340
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>a93748ddef14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>Trio-Tech International</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>


<P align="center"><FONT size="2"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B><BR>
Washington, DC 20549
</FONT>


<P align="center"><FONT size="2"><B>SCHEDULE 14A<BR>
(RULE 14a-101)<BR>
SCHEDULE 14A INFORMATION</B>
</FONT>


<P align="center"><FONT size="2"><B>PROXY STATEMENT PURSUANT TO SECTION 14(a)<BR>
OF THE SECURITIES EXCHANGE ACT OF 1934</B>
</FONT>


<P align="left"><FONT size="2">Filed by the Registrant &nbsp;<FONT face="Wingdings">&#120;</FONT>
</FONT>


<P align="left"><FONT size="2">Filed by a Party other than the Registrant &nbsp;<FONT face="Wingdings">&#111;</FONT>
</FONT>


<P align="left"><FONT size="2">Check the appropriate box:<BR>
<FONT face="Wingdings">&#111;</FONT> Preliminary Proxy Statement<BR>
<FONT face="Wingdings">&#111;</FONT> Confidential, for Use of the Commission only (as permitted by Rule&nbsp;14a-6(e)(2))<BR>
<FONT face="Wingdings">&#120;</FONT> Definitive Proxy Statement<BR>
<FONT face="Wingdings">&#111;</FONT> Definitive Additional Materials<BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting Material Pursuant to Rule&nbsp;240.14a-12
</FONT>


<P align="center"><FONT size="2"><B>Trio-Tech International</B>
</FONT>


<P align="center"><HR align="center" size="1" width="75%" noshade>


<div align="center"><FONT size="2">(Name of Registrant as Specified In Its Charter)
</FONT></div>


<P align="center"><HR align="center" size="1" width="75%" noshade>


<div align="center"><FONT size="2">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
</FONT></div>


<P align="left"><FONT size="2"><B>Payment of Filing Fee (Check the appropriate box):</B>
</FONT>


<P align="left"><FONT size="2"><FONT face="Wingdings">&#120;</FONT> No fee required.
</FONT>


<P align="left"><FONT size="2"><FONT face="Wingdings">&#111;</FONT> Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.
</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Title of each class of securities
to which transaction
applies:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Aggregate number of securities to
which transaction applies:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule&nbsp;0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(4)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Proposed maximum aggregate value of transaction:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(5)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Total fee paid:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
</TABLE>

<P align="left"><FONT size="2"><FONT face="Wingdings">&#111;</FONT> Fee paid previously with preliminary materials:
</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><FONT face="Wingdings">&#111;</FONT> </FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.</FONT></TD>
</TR>
</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Amount Previously Paid:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Form, Schedule or Registration Statement No.:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Filing Party:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(4)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">Date Filed:&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="center">
<FONT size="2"><IMG src="a93748da9374802.gif" alt="(TRIO-TECH LOGO)">
</FONT>
</DIV>

<P align="center">
<HR size="1" width="90%" align="center" noshade>

<P align="center">
<B><FONT size="2">NOTICE OF ANNUAL MEETING OF
SHAREHOLDERS</FONT></B>

<DIV align="center">
<B><FONT size="2">To Be Held December&nbsp;9, 2003</FONT></B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">NOTICE IS HEREBY GIVEN that the Annual Meeting of
Shareholders of Trio-Tech International, a California
corporation (the &#147;Company&#148;), will be held at our
principal executive offices, located at 14731&nbsp;Califa
Street, Van Nuys, California, on Tuesday, December&nbsp;9, 2003
at 10:00&nbsp;A.M., local time, for the following purposes, as
set forth in the attached Proxy Statement:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="8%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">1.</FONT></TD>
    <TD align="left">
    <FONT size="2">To elect directors to hold office until the next
    annual meeting of shareholders; and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">2.</FONT></TD>
    <TD align="left">
    <FONT size="2">To transact such other business as may properly
    come before the meeting or any adjournment thereof.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board of Directors has fixed the close of
business on October&nbsp;17, 2003 as the record date for
determining the shareholders entitled to notice of and to vote
at the Annual Meeting and any adjournment and postponements
thereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">After careful consideration, the Trio-Tech
International Board of Directors recommends a vote IN FAVOR OF
THE NOMINEES FOR DIRECTOR NAMED IN THE ACCOMPANYING PROXY
STATEMENT.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Shareholders are cordially invited to attend the
Annual Meeting in person. Whether you plan to attend the Annual
Meeting or not, please complete, sign and date the enclosed
Proxy Card and return it without delay in the enclosed
postage-prepaid envelope. If you do attend the Annual Meeting,
you may withdraw your Proxy and vote personally on each matter
brought before the meeting.
</FONT>

<P align="center">
<B><FONT size="2">By Order of the Board of Directors</FONT></B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">A. CHARLES WILSON
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Director
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">October&nbsp;21, 2003
</FONT>

<DIV align="left">
<FONT size="2">Van Nuys, California
</FONT>
</DIV>

<P align="center">
<B><FONT size="2">IMPORTANT</FONT></B>

<P align="left">
<FONT size="2">WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING,
YOU ARE REQUESTED TO MARK, DATE AND SIGN THE ENCLOSED PROXY CARD
AND RETURN IT AS PROMPTLY AS POSSIBLE IN THE ENCLOSED
POSTAGE-PREPAID RETURN ENVELOPE SO THAT IF YOU ARE UNABLE TO
ATTEND THE ANNUAL MEETING, YOUR SHARES MAY BE VOTED.
</FONT>

<P align="center">
<B><FONT size="2">THANK YOU FOR ACTING PROMPTLY</FONT></B>

<P align="left">
<B><FONT size="2">________________________________________________________________________________</FONT></B>
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<P><HR noshade><P>

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000"><FONT size="2">PROPOSAL 1 ELECTION OF DIRECTORS</FONT></A></TD></TR>
<TR><TD colspan="9"><A HREF="#001"><FONT size="2">TRIO-TECH INTERNATIONAL AUDIT COMMITTEE CHARTER</FONT></A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">
________________________________________________________________________________
</FONT>
</DIV>

<P align="center">
<B><FONT size="2">TRIO-TECH INTERNATIONAL</FONT></B>

<DIV align="center">
<B><FONT size="2">14731 Califa Street</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">Van Nuys, California 91411</FONT></B>
</DIV>

<P align="center">
<B><FONT size="2">PROXY STATEMENT</FONT></B>

<DIV align="center">
<B><FONT size="2">ANNUAL MEETING OF SHAREHOLDERS</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">To be held December&nbsp;9, 2003</FONT></B>
</DIV>

<P align="left">
<B><FONT size="2">GENERAL</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">This Proxy Statement is furnished in connection
with the solicitation of the enclosed Proxy on behalf of the
Board of Directors of Trio-Tech International, a California
corporation (&#147;Trio-Tech&#148; or the &#147;Company&#148;),
for use at the annual meeting of shareholders of the Company
(the &#147;Annual Meeting&#148;) to be held at our principal
executive offices, located at 14731 Califa Street, Van Nuys,
California at 10:00&nbsp;a.m., local time, on Tuesday,
December&nbsp;9, 2003, and at any adjournments thereof, for the
purposes set forth in the accompanying notice. This Proxy
Statement and the enclosed Proxy are intended to be mailed to
shareholders on or about November&nbsp;5, 2003.
</FONT>

<P align="left">
<B><FONT size="2">RECORD DATE AND VOTING SECURITIES</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The close of business on October&nbsp;17, 2003
has been fixed as the record date for shareholders entitled to
notice of and to vote at the Annual Meeting. As of that date,
there were 2,927,542 shares of the Company&#146;s common stock
(the &#147;Common Stock&#148;) outstanding and entitled to vote,
the holders of which are entitled to one vote per share.
</FONT>

<P align="left">
<B><FONT size="2">VOTING GENERALLY</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the election of directors, a shareholder may
cumulate his votes for one or more candidates, but only if each
such candidate&#146;s name has been placed in nomination prior
to the voting and the shareholder has given notice at the
meeting, prior to the voting, of his intention to cumulate his
votes. If any one shareholder has given such notice, all
shareholders may cumulate their votes for the candidates in
nomination. If the voting for directors is conducted by
cumulative voting, each share will be entitled to a number of
votes equal to the number of directors to be elected. These
votes may be cast for a single candidate or may be distributed
among two or more candidates in such proportions as the
shareholder thinks fit. The four candidates receiving the
highest number of affirmative votes will be elected. Abstentions
will be counted for purposes of determining the presence of a
quorum but with respect to the election of directors, any votes
against a candidate or withheld from voting (whether by
abstention, broker non-votes or otherwise) will not be counted
and will have no legal effect on the vote. Discretionary
authority to cumulate votes is solicited hereby.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Shareholders are requested to date, sign and
return the enclosed Proxy to make certain their shares will be
voted at the Annual Meeting. Any Proxy given may be revoked by
the shareholder at any time before it is voted by delivering
written notice of revocation to the Secretary of the Company, by
filing with him a Proxy bearing a later date, or by attending
the Annual Meeting and voting in person. All Proxies properly
executed and returned will be voted in accordance with the
instructions specified thereon. If no instructions are
specified, Proxies will be voted FOR the election of the four
nominees for directors named under &#147;Election of
Directors.&#148;
</FONT>

<P align="left">
<B><FONT size="2">TRIO-TECH INFORMATION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Our principal executive offices are located at
14731 Califa Street, Van Nuys, California 91411. The telephone
number of our principal offices is (818) 787-7000.
</FONT>

<P align="center"><FONT size="2">2
</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "<FONT size="2">PROPOSAL 1 ELECTION OF DIRECTORS</FONT>" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center">
<B><FONT size="2">PROPOSAL 1</FONT></B>

<DIV align="center">
<B><FONT size="2">ELECTION OF DIRECTORS</FONT></B>
</DIV>

<P align="left">
<B><FONT size="2">INFORMATION WITH RESPECT TO
DIRECTORS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board has nominated the persons listed below
for election to the Board at the Annual Meeting, to hold office
until the next annual meeting and until their respective
successors are elected and qualified. There are two vacancies on
the Board of Directors. The Board does not intend to fill either
of these vacancies at this time. It is intended that the Proxies
received, unless otherwise specified, will be voted <B>FOR
</B>the four nominees named below, all of whom are incumbent
directors of the Company. It is not contemplated that any of the
nominees will be unable or unwilling to serve as a director but,
if that should occur, the persons designated as Proxy holders
will vote in accordance with their best judgment. In no event
will Proxies be voted for a greater number of persons than the
number of nominees named in this Proxy Statement. The following
sets forth, as of October&nbsp;17, 2003, the names of each of
the four nominees for election as a director, his principal
occupation, age, the year he became a director of the Company,
and additional biographical data.
</FONT>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="45%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="44%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">NAME</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">AGE</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">PRINCIPAL OCCUPATION</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">A.&nbsp;Charles Wilson
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">79</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman of the Board of Trio-Tech International;
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman of the Board of Ernest Paper Products,
    Inc.;
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman of the Board of Daico Industries, Inc.
    </FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">S.&nbsp;W. Yong
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">50</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chief Executive Officer and President of
    Trio-Tech International
    </FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Richard M. Horowitz
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">62</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">President of Management Brokers Insurance Agency;
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman of the Board of Leviathan Corporation
    </FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Jason T. Adelman
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">34</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Managing Director of Burnham Hill Partners.
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
<U><FONT size="2">A.&nbsp;Charles Wilson</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Mr.&nbsp;Wilson, age 79, has served as a Director
of Trio-Tech since 1966, and was President and Chief Executive
Officer of the Company from 1981 to 1989. In 1989, he was
elected Chairman of the Board. Mr.&nbsp;Wilson is also Chairman
of the Board of Ernest Paper Products, Inc. and Chairman of
Daico Industries, Inc., as well as an attorney admitted to
practice law in California.
</FONT>

<P align="left">
<U><FONT size="2">S.W. Yong</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Mr.&nbsp;Yong, age 50, has been a Director of
Trio-Tech since 1990. He has been the Chief Executive Officer
and President since 1990. He has been associated with Trio-Tech
International Pte. Ltd. in Singapore since 1976 and has been its
Managing Director since August 1980. Mr.&nbsp;Yong holds a
Masters Degree in Business Administration, a Graduate Diploma in
Marketing Management and a Diploma in Industrial Management.
</FONT>

<P align="left">
<U><FONT size="2">Richard M. Horowitz</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Mr.&nbsp;Horowitz, age 62, has served as a
Director of Trio-Tech since 1990. He has been President of
Management Brokers Insurance Agency since 1974. He also serves
as Chairman of Leviathan Corporation, a computer sales,
consulting and software company, and is Chairman of Dial 800,
Inc., a national telecommunication company. Mr.&nbsp;Horowitz
holds a Masters Degree in Business Administration from
Pepperdine University.
</FONT>

<P align="center"><FONT size="2">3
</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left">
<U><FONT size="2">Jason T. Adelman</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Mr.&nbsp;Adelman, age 34, was elected to the
Board of Trio-Tech in April 1997. Mr.&nbsp;Adelman is a Managing
Director of Burnham Hill Partners, a division of Pali Capital,
Inc. The firm is based in New York City and it provides
financing and financial advisory services. Previously,
Mr.&nbsp;Adelman was employed by H.C.&nbsp;Wainwright&nbsp;&#38;
Co (1999-2003), Drake Capital Securities (1997-1999), Spencer
Trask Securities (1996-1997) and Coopers&nbsp;&#38; Lybrand LLP
(1994-1996). Mr.&nbsp;Adelman is an honors graduate of the
University of Pennsylvania and Cornell Law School.
</FONT>

<P align="left">
<B><FONT size="2">BOARD MEETINGS AND COMMITTEES</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board held four meetings during the fiscal
year ended June&nbsp;30, 2003. All of the directors attended (in
person or by telephone) at least 75% of the meetings of the
Board and its committees on which they served during the fiscal
year. The Company does not have a standing nominating committee
and the entire Board nominated the directors nominated for
election at the Annual Meeting.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board has a standing Compensation Committee,
which currently consists of all of the directors, namely
S.&nbsp;W. Yong, Jason&nbsp;T. Adelman, Richard M. Horowitz and
A.&nbsp;Charles Wilson. The Compensation Committee administers
the Company&#146;s existing stock option plans and determines
salary and bonus arrangements. The Compensation Committee met
three times during the past fiscal year.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board has a standing Audit Committee, which
currently consists of A.&nbsp;Charles Wilson, Chairman, and
Jason&nbsp;T. Adelman and Richard M. Horowitz. Pursuant to its
written charter, which charter was adopted by the Board of
Directors, the Audit Committee is charged with, among other
responsibilities, selecting our independent public accountants,
reviewing our annual audit and meeting with our independent
public accountants to review planned audit procedures. The Audit
Committee also reviews with the independent public accountants
and management the results of the audit, including any
recommendations of the independent public accountants for
improvements in accounting procedures and internal controls. The
Audit Committee held four meetings during the year ended
June&nbsp;30, 2003. Each of the members of the Audit Committee
is independent (as defined in Section&nbsp;121(A) of the AMEX
listing standards). A copy of the Audit Committee charter, as
recently revised with the approval of the Board, is attached as
Annex&nbsp;A to this Proxy Statement.
</FONT>

<P align="left">
<B><FONT size="2">REPORT OF THE AUDIT COMMITTEE</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Audit Committee reviewed and discussed with
management the audited financial statements of the Company for
the fiscal year ended June&nbsp;30, 2003.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Audit Committee received from BDO
International (BDO)&nbsp;the written disclosures and letter
required by Independence Standards Board Standard No.&nbsp;1.
The Audit Committee discussed with BDO International the matters
required to be discussed by Statement on Auditing Standards
No.&nbsp;61 and matters relating to that firm&#146;s
independence.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Based on the above-described review, written
disclosures, letter and discussions, the Audit Committee
recommended to the Board of Directors of the Company that the
audited financial statements for the fiscal year ended
June&nbsp;30, 2003 be included in the Company&#146;s Annual
Report on Form&nbsp;10-K for that fiscal year.
</FONT>

<P align="left">
<FONT size="2">Dated October&nbsp;21, 2003 <BR>
 THE AUDIT COMMITTEE
</FONT>

<P align="left">
<FONT size="2">A.&nbsp;Charles Wilson, Chairman <BR>
 Jason T. Adelman <BR>
 Richard M. Horowitz
</FONT>

<P align="left">
<B><FONT size="2">COMPENSATION OF DIRECTORS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">During the fiscal year ended June 2003,
Messrs.&nbsp;Horowitz and Adelman, as non-employee directors,
each received quarterly fees in an amount equal to $1,500 for
each quarter in which they attended a Board meeting and an
annual fee of $5,000. Mr.&nbsp;Wilson, the other non-employee
director and Chairman of the Board, received quarterly fees in
an amount
</FONT>

<P align="center"><FONT size="2">4
</FONT>

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<DIV align="left">
<FONT size="2">equal to $4,500 for each quarter in which he
attended a Board meeting and an annual fee of $15,000. Although
Mr. Wilson would have been entitled to a bonus equal to 2% of
pre-tax profits for the fiscal year, if any, the Company did not
have pre-tax profits for fiscal 2003 and thus no such bonus was
paid to Mr.&nbsp;Wilson with respect to fiscal 2003 . In
September 2003, the Compensation Committee approved changes to
the non-employee directors&#146; cash compensation for services
as a Board member, retroactive to July&nbsp;1, 2003. As a
result, non-employee directors other than the Chairman will be
paid an annual fee of $5,000, $1,500 for each Board meeting
attended and $1,000 for each Audit Committee meeting attended
and the Chairman will be paid $12,500 per quarter but no longer
shall receive any bonus based upon pre-tax profits.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Each of our directors is entitled to participate
in our 1998 Director Stock Option Plan (the &#147;Directors
Plan&#148;) and receives automatic annual grants of options to
purchase shares of our Common Stock. On July&nbsp;14, 2003, each
of Messrs.&nbsp;Horowitz and Adelman were granted options to
purchase 5,000 shares of Common Stock at an exercise price of
$2.66 per share, and each of Messrs. Wilson and Yong were
granted options to purchase 10,000 shares of Common Stock at an
exercise price of $2.66 per share. All options granted under the
Directors Plan vest immediately upon grant and terminate five
years from the date of grant unless terminated sooner upon
termination of the optionee&#146;s status as a director or
otherwise pursuant to the Directors Plan. Pursuant to the terms
of the Directors Plan, the Board of Directors amended the
Directors Plan on September&nbsp;24, 2002 to increase the
required exercise price for shares purchasable upon the exercise
of options granted under the Directors Plan from 85% to 100% of
fair market value (as defined in the Directors Plan) of the
Company&#146;s Common Stock on the date of grant of each such
option.
</FONT>

<P align="left">
<B><FONT size="2">VOTE REQUIRED FOR ELECTION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The four persons receiving the highest number of
affirmative votes will be elected as directors of the Company.
Votes against a nominee or withheld from voting (whether by
abstention, broker non-votes or otherwise) will have no legal
effect on the vote.
</FONT>

<P align="left">
<B><FONT size="2">EXECUTIVE OFFICERS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Victor H.&nbsp;M. Ting, age 49, first joined
Trio-Tech as the Financial Controller for the Company&#146;s
Singapore subsidiary in 1980. He was promoted to the level of
Business Manager from 1985-1989. In December 1989 he became the
Director of Finance and Sales&nbsp;&#38; Marketing and later,
the General Manager of the Singapore subsidiary. Mr.&nbsp;Ting
was elected Vice-President and Chief Financial Officer of
Trio-Tech International in November 1992. Mr.&nbsp;Ting holds a
Bachelor of Accountancy Degree and Masters Degree in Business
Administration.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Richard Lim, age 44, joined Trio-Tech in 1982 and
became the Quality Assurance Manager in 1985. He was promoted to
the position of Operations Manager in 1988. In 1990 he was
promoted to Business Manager and was responsible for the
Malaysian operations in Penang and Kuala Lumpur. Mr.&nbsp;Lim
became the General Manager of the Company&#146;s Malaysia
subsidiary in 1991 and in February 1993, all test facilities in
Southeast Asia came under his responsibility. He holds diplomas
in Electronics&nbsp;&#38; Communications and Industrial
Management and a Masters Degree in Business Administration. He
was elected Corporate Vice-President-Testing in July 1998.
</FONT>

<P align="center"><FONT size="2">5
</FONT>
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<P align="left">
<B><FONT size="2">EXECUTIVE COMPENSATION AND RELATED
MATTERS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following table sets forth the compensation
of the Company for its Chief Executive Officer and each
executive officer whose total annual salary and bonus for the
fiscal year ended June&nbsp;30, 2003 exceeded in the aggregate
$100,000 (the &#147;Named Executive Officers&#148;):
</FONT>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="35%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="19"></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="19" align="center" nowrap><B><FONT size="1">SUMMARY COMPENSATION TABLE</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="19" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="15"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Long-Term</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="15" align="center" nowrap><B><FONT size="1">Annual Compensation</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Compensation</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="15" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="11"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Other Annual</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Securities</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Name and Principal</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Fiscal</FONT></B></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Compensation</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Underlying</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Position</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Year</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Salary($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Bonus($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Options(#)</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">S.W. Yong,
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2003</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">217,014</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,185</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <FONT size="2">President and
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2002</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">189,009</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">7,838</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">20,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <FONT size="2">Chief Executive Officer
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">206,760</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">89,961</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">7,941</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Victor H.M. Ting,
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2003</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">116,606</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,099</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <FONT size="2">Vice President and
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2002</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">105,155</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">5,288</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">5,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <FONT size="2">Chief Financial Officer
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">113,711</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">17,992</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4,723</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">5,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Singapore officers are also credited with a
compulsory contribution to their provident pension fund of 5% of
their total salaries and bonuses in accordance with Singapore
law.
</FONT>

<P align="left">
<B><FONT size="2">EMPLOYEE BENEFIT PLANS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company&#146;s 1998 Stock Option Plan was
approved by the Board on September&nbsp;30, 1997 and the
stockholders on December&nbsp;8, 1997. The purpose of the 1998
Stock Option Plan is to enable the Company to attract and retain
top-quality employees, officers, directors and consultants and
to provide them with an incentive to enhance stockholder return.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">No options were exercised by any of the Named
Executive Officers during the fiscal year ended June&nbsp;30,
2003. The following table contains certain information regarding
options granted to Named Executive Officers under the 1998 Stock
Option Plan during the fiscal year ended June&nbsp;30, 2003:
</FONT>

<P align="center">
<B><FONT size="2">OPTION GRANTS IN FISCAL 2003</FONT></B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="25%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="6%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Potential</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="15"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Realizable Value</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="15" align="center" nowrap><B><FONT size="1">INDIVIDUAL GRANTS</FONT></B></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">at Assumed</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="15" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Annual Rates of</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Number of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">% of Total</FONT></B></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Stock Price</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Securities</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Options</FONT></B></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Appreciation for</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Underlying</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Granted to</FONT></B></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Option Term</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Options</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Employees in</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Exercise</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Name</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Granted</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Fiscal Year</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Price($/sh)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Expiration Date</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">5%($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">10%($)</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">S. W. Yong
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">28.6</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2.25</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">7/16/2007</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6,216</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">13,736</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
<B><FONT size="2">REPORT OF THE COMPENSATION COMMITTEE ON
EXECUTIVE COMPENSATION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Compensation Committee of the Board of
Directors of Trio-Tech, composed of the Chairman, the Chief
Executive Officer and two outside directors, is responsible for,
among other duties, recommending to the Board suggestions and
administration of policies and procedures regarding executive
compensation and criteria for the amounts of such compensation.
Presently the Compensation Committee members include all of the
members of the Board of Directors of the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The compensation program presently in effect at
Trio-Tech International has three elements: (1)&nbsp;base annual
salary; (2)&nbsp;potential annual cash incentive awards that are
based primarily on financial performance of the Company or its
</FONT>

<P align="center"><FONT size="2">6
</FONT>
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<DIV align="left">
<FONT size="2">relevant business operating units; and
(3)&nbsp;long-term incentives in the form of stock options. The
Committee believes that a significant portion of the total
compensation of the Company&#146;s executives should be at risk,
based upon the achievement of pre-established goals.
</FONT>
</DIV>

<P align="left">
<U><FONT size="2">Base cash compensation</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In determining the compensation levels for the
Chief Executive Officer (CEO)&nbsp;and Chief Financial Officer
(CFO), the Committee reviewed compensation policies of other
companies comparable in size to Trio-Tech.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The fiscal year 2003 base cash compensation for
officers of the Company who reside in Singapore was denominated
in the currency of Singapore. The exchange rate therefore was
established as of June&nbsp;30, 2003 and was computed to be 1.76
Singapore Dollars to each U.S.&nbsp;Dollar. Singapore executive
officers are also credited with a compulsory contribution under
Singapore&#146;s provident pension fund.
</FONT>

<P align="left">
<U><FONT size="2">Bonuses for 2003</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Compensation Committee also considered
awarding additional discretionary annual cash bonuses to its
executive officers based primarily on the Company&#146;s overall
performance and, to a lesser extent, on the contribution each
executive made to the Company&#146;s success.
</FONT>

<P align="left">
<U><FONT size="2">2003 Compensation of CEO</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The CEO is located in Singapore and is
compensated in Singapore currency. His base compensation for
fiscal 2003 compared to fiscal 2002, when denominated in
Singapore currency, remained unchanged. Denominated in United
States currency, the CEO&#146;s base salary for fiscal year 2003
was US$227,199. Although the CEO&#146;s compensation package for
fiscal 2003 included the right to a bonus equal to 5% of pre-tax
profits, if any, the Company did not have pre-tax profits for
fiscal 2003 and thus no such bonus was paid to the CEO with
respect to fiscal 2003.
</FONT>

<P align="left">
<U><FONT size="2">Stock Options</FONT></U>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company&#146;s 1998 Stock Option Plan was
approved by the Board on September&nbsp;30, 1997 and by the
stockholders on December&nbsp;8, 1997. The purpose of the 1998
Stock Option Plan is to enable the Company to attract and retain
top-quality employees, officers, directors and consultants and
to provide them with an incentive to enhance stockholder return.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In this context, with respect to fiscal year
2003, the Compensation Committee reviewed the performance of its
officers and key-employees and, in recognition of their
contributions, they were granted options covering, in the
aggregate, 35,000&nbsp;shares at an exercise price of $2.25 per
share.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In July 2002, the Company granted options
covering 35,000 shares of its Common Stock with an exercise
price of $2.25 per share to its directors pursuant to the
Directors Stock Option Plan, including the President/ CEO. The
Company instituted the Directors Stock Option Plan (the
&#147;Directors Plan&#148;) in 1998, which was unanimously
approved by the Board and approved by the Company&#146;s
shareholders. The purpose of the Directors Plan is to give
appropriate compensation to the Directors of the Company. The
Company believes that the Directors Plan will provide
non-employee Directors and the President of the Company (if he
or she is a Director of the Company) an opportunity to acquire
Common Stock of the Company and will create an incentive for
them to serve on the Board of Directors of the Company and
contribute to the Company&#146;s long-term growth and
profitability objectives. Pursuant to the terms of the Directors
Plan, the Board of Directors amended the Directors Plan on
September&nbsp;24, 2002 to increase the required exercise price
for shares purchasable upon the exercise of options granted
under the Directors Plan from 85% to 100% of fair market value
(as defined in the Directors Plan) of the Company&#146;s Common
Stock on the date of grant of each such option.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In fiscal 2003, the Company paid to its
non-employee Directors $5,000 per year and $1,500 per Board
meeting attended (and to the Chairman of the Board $15,000 per
year and $4,500 per Board meeting attended). Although the
Chairman&#146;s fees for fiscal 2003 included the right to
payment of a bonus equal to 2% of pre-tax profits, if any, the
Company did not have pre-tax profits for fiscal 2003 and thus no
such bonus was paid to the Chairman with respect to
</FONT>

<P align="center"><FONT size="2">7
</FONT>

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<DIV align="left">
<FONT size="2">fiscal 2003. Directors were also reimbursed for
out-of-pocket expenses incurred in attending meetings. The
Company believes that the director fees paid to its directors
were substantially less than the fees paid to directors of
comparable public companies. Thus, in September 2003, the
Compensation Committee approved changes to the non-employee
directors&#146; Board cash compensation, retroactive to
July&nbsp;1, 2003. As a result, non-employee directors other
than the Chairman will be paid an annual fee of $5,000, $1,500
for each Board meeting attended and $1,000 for each Audit
Committee meeting attended, and the Chairman will be paid
$12,500 per fiscal quarter but no longer shall be entitled to
receive any bonus based upon pre-tax profits.
</FONT>
</DIV>

<P align="left">
<FONT size="2">Dated October&nbsp;21, 2003
</FONT>

<DIV align="left">
<FONT size="2">THE COMPENSATION COMMITTEE
</FONT>
</DIV>

<P align="left">
<FONT size="2">A. Charles Wilson, Chairman
</FONT>

<DIV align="left">
<FONT size="2">Jason T. Adelman
</FONT>
</DIV>

<DIV align="left">
<FONT size="2">Richard M. Horowitz
</FONT>
</DIV>

<DIV align="left">
<FONT size="2">S. W. Yong
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">COMPENSATION COMMITTEE INTERLOCKS AND INSIDER
PARTICIPATION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">During the fiscal year ended June&nbsp;30, 2003,
the Compensation Committee members consisted of
Messrs.&nbsp;Wilson, Yong, Adelman and Horowitz. During that
fiscal year, Mr.&nbsp;Wilson served as (and continues to serve
as) a non-employee officer of the Company and Mr.&nbsp;Yong
served as (and continues to serve as) both an officer and
employee of the Company. Mr.&nbsp;Wilson served as an officer of
the Company from 1981 to 1989.
</FONT>

<P align="center"><FONT size="2">8
</FONT>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">STOCK PRICE PERFORMANCE GRAPH</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Stock Price Performance Graph below shall not
be deemed incorporated by reference by any general statement
incorporating by reference this Proxy Statement into any filing
under the Securities Act of 1933 or under the Securities
Exchange Act of 1934, except to the extent the Company
specifically incorporates this information by reference, and
shall not otherwise be deemed filed under such securities acts.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The graph below compares cumulative total return
of Trio-Tech International, the Standard&nbsp;&#38; Poor&#146;s
500 Index and the AMEX Composite Index.
</FONT>

<P align="center">
<IMG src="a93748da9374801.gif" alt="(TRIO-TECH STOCK PERFORMANCE)">

<P align="left">
<B><FONT size="2">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following table sets forth, as of
October&nbsp;17, 2003, certain information regarding the
beneficial ownership of the Common Stock by (i)&nbsp;all persons
known by the Company to be the beneficial owners of more than 5%
of its Common Stock, (ii)&nbsp;each of the directors of the
Company, (iii)&nbsp;each of the Named Executive Officers who is
not a director and (iv)&nbsp;all executive officers and
directors of the Company as a group. To the knowledge of the
Company, unless otherwise indicated, each of the shareholders
has sole voting and investment power with respect to shares
beneficially owned, subject to applicable community property and
similar statutes.
</FONT>

<CENTER>
<TABLE width="80%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="53%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="11%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="11%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="9%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Shares Owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Beneficially as of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Percent of Class</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Name(1)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">October 17, 2003(1)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">(1)</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">S. W. Yong
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">351,924</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(2)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">11.78</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Richard M. Horowitz
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">235,701</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">7.98</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">A. Charles Wilson
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">246,608</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8.30</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Victor H. M. Ting
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">115,052</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3.90</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Jason Adelman
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">28,750</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(6)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0.97</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">All Directors and Executive Officers as a group
    (6&nbsp;persons)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,025,415</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(2)-(7)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">32.86</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

</TABLE>
</CENTER>

<P align="center">
<HR size="1" width="100%" align="center" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="4%"></TD>
    <TD width="86%"></TD>
    <TD width="5%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(1)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The percentage shown for each individual and for
    all executive officers and directors as a group is based upon
    2,927,542&nbsp;shares outstanding. The number of shares
    indicated and the percentage shown for each individual assumes
    the exercise of options that are presently exercisable or may
    become exercisable within 60&nbsp;days from October&nbsp;21,
    2003 which are
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">9
</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="3%"></TD>
    <TD width="87%"></TD>
    <TD width="5%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="left">
    <FONT size="2">held by that individual or by all executive
    officers and directors as a group, as the case may be. The
    address for each of the persons listed above is in care of the
    Company at 14731&nbsp;Califa Street, Van Nuys, California 91411.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="4%"></TD>
    <TD width="86%"></TD>
    <TD width="5%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(2)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes options to purchase 60,000&nbsp;shares
    from the Company at exercise prices ranging from $2.25 to $5.37
    per share.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(3)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes options to purchase 25,000&nbsp;shares
    from the Company at exercise prices ranging from $2.25 to $5.37
    per share. The remaining 210,701&nbsp;shares are held in a trust
    for which Mr.&nbsp;Horowitz serves as a trustee.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(4)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes options to purchase 45,000&nbsp;shares
    from the Company at exercise prices ranging from $2.25 to $5.37
    per share. The remaining 201,608&nbsp;shares held in a trust for
    which A.&nbsp;Charles Wilson serves as trustee.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(5)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes options to purchase 22,000&nbsp;shares
    from the Company at exercise prices ranging from $3.20 to $6.00
    per share.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(6)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes options to purchase 25,000&nbsp;shares
    from the Company at exercise prices ranging from $2.25 to $5.37
    per share.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(7)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes options to purchase 193,250
    shares&nbsp;from the Company at exercise prices of $2.25 to
    $6.00 per share.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company does not know of any arrangements
that may at a subsequent date result in a change of control of
the Company.
</FONT>

<P align="left">
<B><FONT size="2">SECTION&nbsp;16(A) BENEFICIAL OWNERSHIP
REPORTING COMPLIANCE</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Based solely on a review of reports on
Forms&nbsp;3, 4 and 5 and amendments thereto filed with the
Securities and Exchange Commission and furnished to the Company,
except as described in the following sentence, none of the
Company&#146;s directors, executive officers or beneficial
owners of more than 10% of Trio-Tech International&#146;s Common
Stock failed to file on a timely basis any of such reports. Each
of the incumbent Directors and Victor H. M. Ting failed to file
on a timely basis one Form&nbsp;4, each of which late reports
was subsequently filed and reported the grant of an option to
acquire Common Stock granted on July&nbsp;14, 2003.
</FONT>

<P align="left">
<B><FONT size="2">INDEPENDENT PUBLIC ACCOUNTANTS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">As previously reported, Deloitte&nbsp;&#38;
Touche LLP (the &#147;Former Accountant&#148;) was previously
the Company&#146;s principal accountant. On June&nbsp;28, 2002,
the Company dismissed the Former Accountant as its principal
accountant. The Former Accountant&#146;s report on the
consolidated financial statements for the fiscal year ended
June&nbsp;30, 2001 did not contain any adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope, or accounting principles. The decision
to change accountants was recommended and approved by the Audit
Committee of the Board of Directors. During the Company&#146;s
fiscal years ended June&nbsp;30, 2001, and any subsequent
interim periods preceding the dismissal of the Former
Accountant, there were no disagreements with the Former
Accountant on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of the
Former Accountant, would have caused it to make reference to the
subject matter of the disagreement in connection with its report.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">On June&nbsp;28, 2002, BDO International was
engaged as the principal accountant to audit the Company&#146;s
financial statements and has audited such statements for each of
the fiscal years ended June&nbsp;30, 2002 and June&nbsp;30,
2003. A representative of BDO International is expected to be
present at the Annual Meeting and will have an opportunity to
make statements and respond to appropriate questions.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Audit Committee has selected BDO
International as the independent public accountants for the
fiscal year ending June&nbsp;30, 2004.
</FONT>

<P align="center"><FONT size="2">10
</FONT>
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<P align="left">
<U><FONT size="2">Audit Fees</FONT></U><FONT size="2">:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">BDO International billed the Company an aggregate
of $129,000 for services rendered for the audit of the
Company&#146;s annual financial statements for the fiscal year
ended June&nbsp;30, 2003.
</FONT>

<P align="left">
<U><FONT size="2">Financial Information Systems Design and
Implementation Fees</FONT></U><FONT size="2">:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">There were no fees billed by BDO International
for services rendered for information technology services
relating to financial information systems design and
implementation for the fiscal year ended June&nbsp;30, 2003.
</FONT>

<P align="left">
<U><FONT size="2">All Other Fees</FONT></U><FONT size="2">:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Fees of $27,000 were billed in fiscal 2003 by BDO
International for services rendered in connection with the tax
filing for the fiscal year ended June&nbsp;30, 2002.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Audit committee reviewed the fees for such
tax services and considered whether the provision of those
services was compatible with maintaining the independence of BDO
International.
</FONT>

<P align="left">
<B><FONT size="2">SHAREHOLDER PROPOSALS</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Shareholders who wish to present proposals at the
2004 Annual Meeting should submit their proposals in writing to
the Secretary of the Company at the address set forth on the
first page of this Proxy Statement. Proposals must be received
no later than July&nbsp;11, 2004 for inclusion in next
year&#146;s Proxy Statement and Proxy Card. If a stockholder
intends to present a proposal at the next Annual Meeting but
does not seek inclusion of that proposal in the proxy statement
for that meeting, the holders of proxies for that meeting will
be entitled to exercise their discretionary authority on that
proposal if the Company does not have notice of the proposal by
September&nbsp;24, 2004.
</FONT>

<P align="left">
<B><FONT size="2">ANNUAL REPORT ON FORM&nbsp;10-K</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Upon the written request of any shareholder, the
Company will provide, without charge, a copy of the
Company&#146;s Annual Report on Form&nbsp;10-K filed with the
Commission for the year ended June&nbsp;30, 2003. This request
should be directed to the Corporate Secretary, Trio-Tech
International, 14731&nbsp;Califa Street, Van Nuys, California
91411.
</FONT>

<P align="left">
<B><FONT size="2">GENERAL INFORMATION</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The cost of soliciting the enclosed form of Proxy
will be borne by the Company. In addition, the Company will
reimburse brokerage firms and other persons representing
beneficial owners of shares for their expenses in forwarding
solicitation material to such beneficial owners. Directors,
officers and regular employees of the Company may, for no
additional compensation, also solicit proxies personally or by
telephone, telegram or special letter.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">At this time, the Board knows of no other
business that will come before the Annual Meeting. However, if
any other matters properly come before the Annual Meeting, the
persons named as Proxy holders will vote on them in accordance
with their best judgment.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Annual Report to Shareholders covering the
fiscal year ending June&nbsp;30, 2003 is being mailed with this
Proxy Statement to shareholders of record for this meeting.
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">By Order of the Board of Directors
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">A. CHARLES WILSON
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Director
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">11
</FONT>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "<FONT size="2">TRIO-TECH INTERNATIONAL AUDIT COMMITTEE CHARTER</FONT>" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center">
<B><U>TRIO-TECH INTERNATIONAL AUDIT COMMITTEE CHARTER</U></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
One committee of the board of directors will be known as the
audit committee. Only independent directors will serve on the
audit committee. An independent director is free of any
relationship that could influence his or her judgment as a
committee member. An independent director may not be associated
with a major vendor to, or customer of, the company. When there
is some doubt about independence, as when a member of the
committee has short-term consulting contract with a major
customer, the director should excuse himself from any decisions
that might be influenced by that relationship.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The primary function of the audit committee is to assist the
board in fulfilling its oversight responsibilities by reviewing
the financial information that will be provided to the
shareholders and others, the systems of internal controls
management and the board of directors have established and all
audit processes.

<P align="left">
<B> &#149; &nbsp;General responsibilities</B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>1.</TD>
    <TD align="left">
    The audit committee provides open avenues of communication among
    the internal auditors, the independent accountant and the board
    of directors.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>2.</TD>
    <TD align="left">
    The audit committee must report committee actions to the full
    board of directors and may make appropriate recommendations.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>3.</TD>
    <TD align="left">
    The audit committee has the power to conduct or authorize
    investigations into matters within the committee&#146;s scope of
    responsibilities. The committee is authorized to retain
    independent counsel, accountants or others it needs to assist in
    an investigation.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>4.</TD>
    <TD align="left">
    The committee will meet at least four times each year, more
    frequently if circumstances make that preferable.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>5.</TD>
    <TD align="left">
    The audit committee chairman has the power to call a committee
    meeting whenever he or she thinks there is a need. An audit
    committee member should not vote on any matter in which he or
    she is not independent. The committee may ask members of
    management or others to attend the meeting and is authorized to
    receive all pertinent information from management.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>6.</TD>
    <TD align="left">
    The committee will do whatever else the law, the company&#146;s
    charter or bylaws or the board of directors require.</TD>
</TR>

</TABLE>

<P align="left">
<B> &#149; &nbsp;Responsibilities for engaging independent
accountants and appointing the internal auditor</B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>1.</TD>
    <TD align="left">
    The audit committee will select the independent accountants for
    company audits. The committee&#146;s selection is subject to
    approval by the full board of directors. The audit committee
    also will review and set any fees paid to the independent
    accountants and review and approve dismissal of the independent
    accountants.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>2.</TD>
    <TD align="left">
    The audit committee will review and have veto power over the
    appointment, replacement, reassignment or dismissal of the
    director of internal audit.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>3.</TD>
    <TD align="left">
    The audit committee will confirm and assure the independence of
    the internal auditor and the independent accountant, including a
    review of management consulting services provided by the
    independent accountant and the fees paid for them.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<DIV align="center">
<FONT size="2">Trio-Tech International Audit Committee
Charter&nbsp;&#151; Revised 10/20/03 as adopted on
December&nbsp;6, 1999
</FONT>
</DIV>

<DIV align="center">
<FONT size="2">Page 1
</FONT>
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>4.</TD>
    <TD align="left">
    The audit committee will consider, in consultation with the
    independent accountant and the director of internal auditing,
    the audit scope and procedural plans made by the internal
    auditors and the independent accountant.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>5.</TD>
    <TD align="left">
    The audit committee will listen to management and the primary
    independent auditor if either thinks there might be a need to
    engage additional auditors. The audit committee will decide
    whether to engage an additional firm and, if so, which one.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>6.</TD>
    <TD align="left">
    The audit committee will make sure that the director of internal
    auditing and the independent accountant coordinate the internal
    and external audits. The purpose of coordinating these efforts
    is to assure completeness of coverage, reduce redundancy and use
    audit resources effectively.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top">
    <TD><B> &#149; &nbsp;</B></TD>
    <TD>
    <B>Responsibilities for reviewing internal audits, the annual
    external audit and the review of quarterly and annual financial
    statements</B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>1.</TD>
    <TD align="left">
    The audit committee will ascertain that the independent
    accountant views the board of directors as its client, that it
    will be available to the full board of directors at least
    annually and that it will provide the committee the committee
    with a timely analysis of significant financial reporting issues.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>2.</TD>
    <TD align="left">
    The audit committee will ask management, the director of
    internal auditing and the independent accountant about
    significant risks and exposures and will assess
    management&#146;s steps to minimize them.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>3.</TD>
    <TD align="left">
    The audit committee will review the following with the
    independent accountant and the director of internal auditing:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>a.</TD>
    <TD align="left">
    The adequacy of the company&#146;s internal controls, including
    computerized information system controls and security.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>b.</TD>
    <TD align="left">
    Any significant findings and recommendations made by the
    independent accountant or internal auditing, together with
    management&#146;s responses to them.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>4.</TD>
    <TD align="left">
    Shortly after the annual examination is completed, the audit
    committee will review the following with management and the
    independent accountant.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>a.</TD>
    <TD align="left">
    The company&#146;s annual financial statements and related
    footnotes.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>b.</TD>
    <TD align="left">
    The independent accountant&#146;s audit of and report on the
    financial statements.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>c.</TD>
    <TD align="left">
    The auditor&#146;s qualitative judgments about the
    appropriateness, not just the acceptability, of accounting
    principles and financial disclosures and how aggressive (or
    conservative) the accounting principles and underlying estimates
    are.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>d.</TD>
    <TD align="left">
    Any serious difficulties or disputes with management encountered
    during the course of the audit.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>e.</TD>
    <TD align="left">
    Anything else about the audit procedures or findings that GAAS
    requires the auditors to discuss with the committee.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<DIV align="center">
<FONT size="2">Trio-Tech International Audit Committee
Charter&nbsp;&#151; Revised 10/20/03 as adopted on
December&nbsp;6, 1999
</FONT>
</DIV>

<DIV align="center">
<FONT size="2">Page 2
</FONT>
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>5.</TD>
    <TD align="left">
    The audit committee will consider and review with management and
    the director of Internal auditing.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>a.</TD>
    <TD align="left">
    Any significant findings during the year and management&#146;s
    responses to them.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>b.</TD>
    <TD align="left">
    Any difficulties the internal auditor encountered while
    conducting audits, including any restrictions on the scope of
    their work or access to required information.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>c.</TD>
    <TD align="left">
    Any changes to the planned scope of management&#146;s internal
    audit plan that the committee thinks advisable.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>d.</TD>
    <TD align="left">
    The internal auditing department&#146;s charter.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>e.</TD>
    <TD align="left">
    The internal auditing department&#146;s charter.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="6%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>f.</TD>
    <TD align="left">
    Whether the internal auditing department has complied with the
    Institute of Internal Auditing&#146;s Standards for the
    Professional Practice of Internal Auditing.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>6.</TD>
    <TD align="left">
    The audit committee will review annual filings with the SEC and
    other published documents containing the company&#146;s
    financial statements.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>7.</TD>
    <TD align="left">
    The audit committee will review the interim financial reports
    with management, the independent accountant and the director of
    internal auditing before those interim reports are released to
    the public or filed with the SEC or other regulators.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>8.</TD>
    <TD align="left">
    The audit committee will prepare a letter for inclusion in the
    annual report that describes the committee&#146;s composition
    and responsibilities and how the responsibilities were fulfilled.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top">
    <TD><B> &#149; &nbsp;</B></TD>
    <TD>
    <B>Periodic responsibilities</B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="6%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>1.</TD>
    <TD align="left">
    Review and update the committee&#146;s charter annually.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>2.</TD>
    <TD align="left">
    Review policies and procedures covering officers&#146; expense
    accounts and perquisites including their use of corporate
    assets, and consider the results of any review of those areas by
    the internal auditor or the independent accountant.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>3.</TD>
    <TD align="left">
    Review, with the director of internal auditing and the
    independent accountant, the results of their examination of
    compliance with the company&#146;s code of conduct.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>4.</TD>
    <TD align="left">
    Review legal and regulatory matters that may have a material
    effect on the organization&#146;s financial statements,
    compliance policies and programs and reports from regulators.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>5.</TD>
    <TD align="left">
    Meet with the director of internal auditing, the independent
    accountant and management in separate executive sessions to
    discuss any matters the committee or these groups believe should
    be discussed privately with the audit committee.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<DIV align="center">
<FONT size="2">Trio-Tech International Audit Committee
Charter&nbsp;&#151; Revised 10/20/03 as adopted on
December&nbsp;6, 1999
</FONT>
</DIV>

<DIV align="center">
<FONT size="2">Page 3
</FONT>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="2"><B>ANNUAL MEETING OF SHAREHOLDERS OF<BR>
TRIO-TECH INTERNATIONAL<BR>
December&nbsp;9, 2003</B>
</FONT>

<P align="center"><FONT size="2">Please date, sign and mail your proxy card<BR>
in the envelope provided as soon as possible.
</FONT>


<P align="center"><FONT size="2">Please detach along perforated line and mail in the envelope provided.
</FONT>

<P align="left"><FONT size="2"><HR size="1" noshade>
</FONT>

<P align="center"><FONT size="2"><B>THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE ELECTION OF DIRECTORS.<BR>
PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK<BR>
YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE </B><FONT face="Wingdings">&#120;</FONT>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">1.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Election of Directors:
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">2.</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">In their
discretion, the
Proxies are
authorized to vote
upon such other
matters
as may properly
come before the
Annual Meeting and
any adjournment
thereof.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>NOMINEES:</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><FONT face="Wingdings" SIZE="5">&#111;</FONT><BR>&nbsp;<BR>
<FONT face="Wingdings" SIZE="5">&#111;</FONT></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
FOR ALL NOMINEES<BR>&nbsp;<BR>
WITHHOLD AUTHORITY<BR>
FOR ALL NOMINEES
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">O<BR>
O<BR>
O<BR>
O
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Jason T. Adelman<BR>
Richard M. Horowitz<BR>
A. Charles Wilson<BR>
S.W. Yong
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" COLSPAN="4"><FONT size="2">THIS PROXY WHEN PROPERLY EXECUTED
WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED
IS MADE, THIS PROXY WILL BE VOTED &#147;FOR&#148;
THE NOMINEES FOR DIRECTORS
LISTED IN ITEM 1.<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><FONT face="Wingdings" SIZE="5">&#111;</FONT></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
FOR ALL EXCEPT<BR>
(See instructions below)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"  COLSPAN="4"><FONT size="2">PLEASE MARK, DATE,
SIGN AND RETURN
YOUR PROXY PROMPTLY
IN THE ENCLOSED ENVELOPE,
WHICH REQUIRES NO
POSTAGE IF MAILED
IN THE UNITED STATES.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>INSTRUCTION:</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
To withhold authority to vote for any
individual nominee(s), mark <B>&#147;FOR ALL EXCEPT&#148;</B>
and fill in the circle next to each nominee you wish to
withhold, as shown here:&nbsp;&nbsp;</FONT><font face="wingdings">l
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</td></tr>
<TR valign="bottom">
    <TD align="left" valign="top" colspan="3"><FONT size="2">To change the address on your account, please
check the box at right and indicate your new
address in the address space above. Please note
that changes to the registered name(s) on the
account may not be submitted via this method.
</FONT></td>
<TD>&nbsp;</td>
<TD align="left" valign="top"><FONT size="2"><FONT face="Wingdings" SIZE="5">&#111;</FONT></FONT></TD>
</tr>

</TABLE>
</CENTER>

<P align="left"><FONT size="2">Signature of Shareholder<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
Date:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
Signature of Shareholder<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
Date:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2"><B>Note: </B></FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Please sign exactly as your name or names appear on this Proxy. When
shares are held jointly, each holder should sign. When signing as executor,
administrator, attorney, trustee or guardian, please give full title as such.
If the signer is a corporation, please sign full corporate name by duly
authorized officer, giving full title as such. If signer is a partnership,
please sign in partnership name by authorized person.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="2"><B>TRIO-TECH INTERNATIONAL</B>
</FONT>


<P align="center"><FONT size="2"><B>Proxy Solicited on Behalf of the Board of Directors of the Company<BR>
for Annual Meeting of Shareholders on December&nbsp;9, 2003</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned hereby appoints Dale C. Cheesman and A. Charles Wilson or
either of them as his/her true lawful agents and proxies with full power of
substitution to represent the undersigned at the Annual Meeting of Shareholders
of Trio-Tech International to be held at our principal executive offices at
14731 Califa Street, Van Nuys, California on Tuesday, December&nbsp;9, 2003 at 10:00
A.M., and at any adjournments thereof, and to vote all shares that he/she is
then entitled to vote, on all matters coming before said meeting. The
undersigned directs that his/her proxy be voted as follows:
</FONT>


<P align="center"><FONT size="2"><B>(Continued and to be signed on the reverse side)</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>

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`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
