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<SEC-DOCUMENT>0000950129-04-007980.txt : 20041025
<SEC-HEADER>0000950129-04-007980.hdr.sgml : 20041025
<ACCEPTANCE-DATETIME>20041025155456
ACCESSION NUMBER:		0000950129-04-007980
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20041206
FILED AS OF DATE:		20041025
DATE AS OF CHANGE:		20041025
EFFECTIVENESS DATE:		20041025

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:		041094086

	BUSINESS ADDRESS:	
		STREET 1:		14731 CALIFA STREET
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91411
		BUSINESS PHONE:		818-787-7000

	MAIL ADDRESS:	
		STREET 1:		14731 CALIFA STREET
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91411
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>a02558def14a.htm
<DESCRIPTION>TRIO-TECH INTERNATIONAL - DECEMBER 6, 2004
<TEXT>
<HTML>
<HEAD>
<TITLE>def14a</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">





<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt">Washington, DC 20549
</DIV>


<P align="center" style="font-size: 14pt"><B>SCHEDULE 14A<BR>
(RULE 14a-101)<BR>
SCHEDULE 14A INFORMATION</B>



<P align="center" style="font-size: 12pt"><B>PROXY STATEMENT PURSUANT TO SECTION 14(a)<BR>
OF THE SECURITIES EXCHANGE ACT OF 1934</B>



<P align="left" style="font-size: 10pt">Filed by the Registrant <FONT face="Wingdings">&#120;</FONT><BR>
Filed by a Party other than the Registrant <FONT face="Wingdings">&#111;</FONT>


<P align="left" style="font-size: 10pt">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

<P align="center" style="font-size: 14pt"><B>Trio-Tech International</B>

<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="65%" align="center"></DIV>


<DIV align="center" style="font-size: 10pt">(Name of Registrant as Specified In Its Charter)</DIV>



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="65%" align="center">


<DIV align="center" style="font-size: 10pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</DIV>



<P align="left" style="font-size: 10pt"><B>Payment of Filing Fee (Check the appropriate box):</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><FONT face="Wingdings">&#120;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">No fee required.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(1</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title of each class of securities
to which transaction applies: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(2</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Aggregate number of securities to
which transaction applies: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(3</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">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): <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(4</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Proposed maximum aggregate value of
transaction: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(5</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Total fee paid: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" nowrap valign="top" align="left">Fee paid previously with preliminary materials:</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">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.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(1</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amount Previously Paid: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(2</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form, Schedule or Registration Statement No.: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(3</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filing Party: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(4</TD>
    <TD nowrap valign="top">)</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date Filed: <U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U><U>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</U></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">






<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><IMG src="a02558a0255800.gif" alt="(TRIO - TECH INTERNATIONAL LOGO)">



<P align="center" style="font-size: 10pt"><B>NOTICE OF ANNUAL MEETING OF SHAREHOLDERS<BR>
To Be Held December&nbsp;6, 2004</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Califa Street, Van Nuys,
California, on Monday, December&nbsp;6, 2004 at 10:00&nbsp;A.M., local time, for the
following purposes, as set forth in the attached Proxy Statement:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;To elect directors to hold office until the next annual meeting
of shareholders; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;To transact such other business as may properly come before the
meeting or any adjournment thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors has fixed the close of business on October&nbsp;8, 2004
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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.


<P align="center" style="font-size: 10pt"><B>By Order of the Board of Directors</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DALE C. CHEESMAN</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Secretary</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">October&nbsp;25, 2004<BR>
Van Nuys, California


<P align="center" style="font-size: 10pt"><B>IMPORTANT</B>


<P align="left" style="font-size: 10pt">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.



<P align="center" style="font-size: 10pt"><B>THANK YOU FOR ACTING PROMPTLY</B>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- 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">PROPOSAL 1</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">OPTION GRANTS IN FISCAL 2004</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">ANNEX A</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>


<P align="center" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL<BR>
14731 Califa Street<BR>
Van Nuys, California 91411</B>



<P align="center" style="font-size: 10pt"><B>PROXY STATEMENT<BR>
ANNUAL MEETING OF SHAREHOLDERS<BR>
To be held December&nbsp;6, 2004</B>



<P align="left" style="font-size: 10pt"><B>GENERAL</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Monday, December&nbsp;6, 2004, and at
any adjournments thereof, for the purposes of electing directors and such other
business as may properly come before the Annual Meeting. This Proxy Statement
and the enclosed Proxy are intended to be mailed to shareholders on or about
November&nbsp;5, 2004.


<P align="left" style="font-size: 10pt"><B>RECORD DATE AND VOTING SECURITIES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The close of business on October&nbsp;8, 2004 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 2,964,542 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.


<P align="left" style="font-size: 10pt"><B>VOTING GENERALLY</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. Abstensions 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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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
the Secretary of the Company 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;


<P align="left" style="font-size: 10pt"><B>TRIO-TECH INFORMATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

<!-- link1 "PROPOSAL 1" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center" style="font-size: 10pt"><B>PROPOSAL 1<BR>
ELECTION OF DIRECTORS</B>



<P align="left" style="font-size: 10pt"><B>INFORMATION WITH RESPECT TO DIRECTORS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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


<P align="center" style="font-size: 10pt">1
</DIV>

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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>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">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;8, 2004, 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.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="26%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="61%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>NAME</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>AGE</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>PRINCIPAL OCCUPATION</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A. Charles Wilson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">80</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Trio-Tech International;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Ernest Paper Products, Inc.;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Daico Industries, Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">S. W. Yong
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">51</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer and President of Trio-Tech
International</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Richard M. Horowitz
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">63</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President of Management Brokers Insurance Agency
Chairman of the Board of Dial 800, Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jason T. Adelman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director of Burnham Hill Partners.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">A. Charles Wilson



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Wilson, age 80, 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.


<P align="left" style="font-size: 10pt">S.W. Yong



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Yong, age 51, 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&nbsp;1980. Mr.&nbsp;Yong holds a Masters Degree in
Business Administration, a Graduate Diploma in Marketing Management and a
Diploma in Industrial Management.


<P align="left" style="font-size: 10pt">Richard M. Horowitz



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Horowitz, age 64, 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 Dial 800, Inc., a national telecommunication
company. Mr.&nbsp;Horowitz holds a Masters Degree in Business Administration from
Pepperdine University.


<P align="left" style="font-size: 10pt">Jason T. Adelman



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Adelman, age 35, was elected to the Board of Trio-Tech in April&nbsp;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 provides financing and
financial advisory services. Previously, Mr.&nbsp;Adelman was employed by H.C.
Wainwright &#038; Co (1999-2003), Drake Capital Securities (1997-1999), Spencer
Trask Securities (1996-1997) and Coopers &#038; Lybrand LLP (1994-1996). Mr.
Adelman is an honors graduate of the University of Pennsylvania and Cornell Law
School.


<P align="left" style="font-size: 10pt"><B>BOARD MEETINGS AND COMMITTEES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board held four meetings during the fiscal year ended June&nbsp;30, 2004.
All of the directors attended (in person or by telephone) at least 75% of the
meetings of the Board and any committees of the board on which they served
during the fiscal year. Directors are expected to use their best efforts to be
present at the annual meeting of shareholders. All of our directors attended
the 2003 Annual Meeting of Shareholders.


<P align="center" style="font-size: 10pt">2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company does not have a standing nominating committee. The entire
Board nominates the directors for election at the Annual Meeting. Because the
Company currently has only four Board members, three of whom are &#147;independent&#148;
(as defined under the listing standards of the American Stock Exchange upon
which the Company&#146;s securities are listed), the Board of Directors does not
believe that a separate nominating committee is necessary as any selection of
nominees, by virtue of the composition of the current Board, would be by a vote
that would be the same as the vote of any separate committee consisting of only
the independent directors. Furthermore, the Board values the input of each of
its members and believes that input is important in determining the Board
nominees. At such time, if any, as the Board composition changes, the Company
may establish a separate nominating committee. As a result, the entire Board
participates in the consideration of Board nominees and nominated the
candidates for election named in this Proxy Statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has adopted a resolution addressing the nomination process and
related matters. That resolution states, among other things, that the Board
believes that the continuing service of qualified incumbents promotes stability
and continuity in the board room, contributing to the Board&#146;s ability to work
as a collective body, while giving the Company the benefit of the familiarity
and insight into the Company&#146;s affairs that its directors have accumulated
during their tenure. The resolution further states that the Board will
evaluate the performance of its Board members on an annual basis in connection
with the nomination process. The Board may solicit recommendations for
nominees from persons that the Board believes are likely to be familiar with
qualified candidates, including without limitation members of the Board and
management of the Company. The Board may also determine to engage a
professional search firm to assist in identifying qualified candidates if the
need arises. The Board has not adopted specific minimum qualifications for a
position on the Company&#146;s Board or any specific skills or qualities that the
Board believes are necessary for one or more of its members to possess.
However, the Board will consider various factors including without limitation
the candidate&#146;s qualifications, the extent to which the membership of the
candidate on the Board will promote diversity among the directors, and such
other factors as the Board may deem to be relevant at the time and under the
then existing facts and circumstances.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board will consider candidates proposed by shareholders of the Company
and will evaluate all such candidates upon criteria similar to the criteria
used by the Board to evaluate other candidates. Shareholders desiring to
propose a nominee for election to the Board must do so in writing sufficiently
in advance of an annual meeting so that the Board has the opportunity to make
an appropriate evaluation of such candidate and his or her qualifications and
skills and to obtain information necessary for preparing all of the disclosure
required to be included in the Company&#146;s proxy statement for the related
meeting should such proposed candidate be nominated for election by
shareholders. Shareholder candidate proposals should be sent to the attention
of the Secretary of the Company at 14731 Califa Street, Van Nuys, California
91411.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has a standing Compensation Committee, which currently consists
of all of the directors, namely Messrs.&nbsp;S. W. Yong, Jason T. Adelman, Richard
M. Horowitz and A. Charles Wilson. The Compensation Committee administers the
Company&#146;s existing stock option plans and determines salary and bonus
arrangements. The Compensation Committee met four times during the past fiscal
year. Although Mr.&nbsp;Yong was on the Compensation Committee, his compensation for
fiscal 2005 was determined by the three independent directors on the
Compensation Committee and he was not present during voting or deliberations
relating to his compensation. Mr.&nbsp;Yong no longer serves on the Compensation
Committee.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has a separately designed standing Audit Committee, which
currently consists of Messrs.&nbsp;A. Charles Wilson, Chairman, and Jason T. Adelman
and Richard M. Horowitz. The Board of Directors has determined that the Audit
Committee has at least one financial expert, namely A. Charles Wilson. The
Board of Directors has affirmatively determined that Mr.&nbsp;Wilson does not have a
material relationship with the Company that would interfere with the exercise
of independent judgment and is &#147;independent&#148; as independence is defined in
Section&nbsp;121(A) of the listing standards of the American Stock Exchange.
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 eight
meetings during the fiscal year ended June&nbsp;30, 2004. Each of the members of
the Audit Committee satisfies the independence standards specified in Section
121(A) of the


<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">AMEX listing standards and Rule&nbsp;10A-3 under the Securities Exchange Act of
1934, as amended. A copy of the Audit Committee charter, as recently revised
with the approval of the Board, is attached as Annex A to this Proxy Statement.



<P align="left" style="font-size: 10pt"><B>REPORT OF THE AUDIT COMMITTEE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee reviewed and discussed with management the audited
financial statements of the Company for the fiscal year ended June&nbsp;30, 2004.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee received from BDO International (BDO)&nbsp;the written
disclosures and letter required by Independence Standards Board Standard No.&nbsp;1,
&#147;Independence Discussions with Audit Committees&#148;, and discussed with the
auditors any relationships that may reasonably be thought to impact their
objectivity and independence and satisfied itself as to the auditors&#146;
independence.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee discussed with BDO International the matters required
to be discussed by Statement on Auditing Standards No.&nbsp;61, as amended,
&#147;Communication with Audit Committees,&#148; and, with and without management
present, discussed and reviewed the results of the independent auditors&#146;
examination of the financial statements.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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
30, 2004 be included in the Company&#146;s Annual Report on Form 10-K for that
fiscal year.


<P align="left" style="font-size: 10pt">Dated October&nbsp;22, 2004<BR>
THE AUDIT COMMITTEE


<P align="left" style="font-size: 10pt">A. Charles Wilson, Chairman<BR>
Jason T. Adelman<BR>
Richard M. Horowitz


<P align="left" style="font-size: 10pt"><B>COMPENSATION OF DIRECTORS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the fiscal year ended June&nbsp;30, 2004, Messrs.&nbsp;Horowitz and Adelman,
as non-employee directors, each received quarterly fees in an amount equal to
$1,500 for each Board meeting attended and $1,000 for each Audit Committee
meeting attended, and an annual fee of $5,000. Mr.&nbsp;Wilson, as a non-employee
director, Chairman of the Board, Chair of the Audit Committee and Chair of the
Compensation Committee, received quarterly fees in an amount equal to $12,500
for each quarter in which he attended a Board meeting. The 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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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;1, 2004, each of
Messrs.&nbsp;Horowitz and Adelman were automatically granted options to purchase
5,000 shares of Common Stock at an exercise price of $4.40 per share and
additional options to purchase 5,000 shares of Common Stock at an exercise
price of $4.40 per share. Each of Messrs.&nbsp;Wilson and Yong were automatically
granted options to purchase 10,000 shares of Common Stock at an exercise price
of $4.40 per share and additional options to purchase 10,000 shares of Common
Stock at an exercise price of $4.40 per share. . All options were vested
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 applicable plan. The exercise price for shares
purchasable upon the exercise of options granted under the applicable plan is
100% of fair market value (as defined in the applicable plan) of the Company&#146;s
Common Stock on the date of grant of each such option.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.


<P align="center" style="font-size: 10pt">4
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>VOTE REQUIRED FOR ELECTION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.


<P align="left" style="font-size: 10pt"><B>EXECUTIVE OFFICERS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Victor H. M. Ting, age 50, 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&nbsp;1989 he became the
Director of Finance and Sales &#038; 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&nbsp;1992. Mr.&nbsp;Ting holds a Bachelor
of Accountancy Degree and Masters Degree in Business Administration.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Richard Lim, age 45, 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. In
February&nbsp;1993, all test facilities in Southeast Asia came under Mr.&nbsp;Lim&#146;s
responsibility. He holds diplomas in Electronics &#038; Communications and
Industrial Management and a Masters Degree in Business Administration. He was
elected Corporate Vice-President-Testing in July&nbsp;1998.


<P align="left" style="font-size: 10pt"><B>CODE OF ETHICS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has adopted a code of business conduct and ethics applicable
to all officers, management and employees and a separate code of ethics
applicable to its principal executive officer, principal financial officer,
principal accounting officer or controller or persons performing similar
functions. A copy of the Company&#146;s code of business conduct and ethics and
code of ethics may be obtained, without charge, upon written request to the
Secretary of the Company at 14731 Califa Street, Van Nuys, California 91411.


<P align="left" style="font-size: 10pt"><B>EXECUTIVE COMPENSATION AND RELATED MATTERS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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, 2004 exceeded in the aggregate
$100,000 (the &#147;Named Executive Officers&#148;):

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="19"><B>SUMMARY COMPENSATION TABLE</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Long-Term</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="15"><B>Annual Compensation</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compensation</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Other Annual</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Securities</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name and Principal</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Fiscal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compensation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Position</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Year</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Salary ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Bonus ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options (#)</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">S.W. Yong,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">217,561</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,529</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">President and</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">217,014</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,185</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Chief Executive Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">189,009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,838</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Victor H.M.Ting,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116,123</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,880</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,281</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Vice President and</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116,606</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Chief Financial Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,000</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore officers are also credited with a compulsory contribution to
their provident pension fund of 4% of their base salaries in accordance with
Singapore law, except for bonuses in this context.


<P align="left" style="font-size: 10pt"><B>EMPLOYEE BENEFIT PLANS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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


<P align="center" style="font-size: 10pt">5
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">retain top-quality employees, officers, directors and consultants and to
provide them with an incentive to enhance stockholder return.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables contain certain information regarding options granted
to and exercised by the Named Executive Officers under the 1998 Stock Option
Plan during the fiscal year ended June&nbsp;30, 2004:

<!-- link1 "OPTION GRANTS IN FISCAL 2004" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="center" style="font-size: 10pt"><B>OPTION GRANTS IN FISCAL 2004</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="15"><B>INDIVIDUAL GRANTS</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>% of Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Potential Realizable Value</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of<br>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options<br>Granted to</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>at Assumed Annual Rates of<br>Stock Price Appreciation for</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Employees</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Option Term</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>in Fiscal</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercise</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Expiration</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Granted</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Year</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price ($/sh)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Date</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>5% ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>10% ($)</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">S. W. Yong</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">10.42</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2.66</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7/14/2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,349</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">16,240</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Victor H.M. Ting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">7.29</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2.66</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7/14/2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11,368</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>AGGREGATED OPTION EXERCISES IN FISCAL 2004<BR>
AND FISCAL YEAR-END OPTION VALUES</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="21%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&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="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&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="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Value of Unexercised</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>In-The-Money</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Options at FY-End</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Options at FY-End</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Acquired</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Value</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>(#)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>($)</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>On Exercise</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Realized</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Exercisable/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Exercisable/</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Unexercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Unexercisable</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">S.W. Yong</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">/</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">/</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Victor H.M. Ting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">/</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,655</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">/</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,965</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"><B>REPORT OF THE COMPENSATION COMMITTEE ON EXECUTIVE COMPENSATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee of the Board of Directors of Trio-Tech is
responsible for, among other duties, determining the compensation of all
officers, including the Chief Executive Officer, and producing the annual
report. Presently the Compensation Committee members include only the
independent directors of the Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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
relevant business operating units; and (3)&nbsp;long-term incentives in the form of
stock options.


<P align="left" style="font-size: 10pt">Base salary



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In determining the compensation levels for the top executive officers,
namely the Chief Executive Officer and Chief Financial Officer, the Committee
reviewed compensation policies of other companies comparable in size to and
within substantially the same industry as Trio-Tech.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were several factors that the Committee considered while evaluating
the annual performance of the top executive officers. The Committee reviewed
the actual performance for the year against budget and forecast. Besides the
measurement against financial performance, the Committee reviewed whether the
top executive officers achieved


<P align="center" style="font-size: 10pt">6
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">their long-term and short-term objectives, such as keeping costs low.
However, the measurement was subjective as the Committee also took into
consideration the overall market conditions. The Chief Executive Officer is
also entitled to a retirement plan similar to an IRS 401-K, the only officer
who receives such a benefit.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The fiscal year 2004 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, 2004 and was computed to
be 1.72 Singapore Dollars to each U.S. Dollar. Singapore executive officers&#146;
base salaries are credited with a compulsory contribution under Singapore&#146;s
provident pension fund.


<P align="left" style="font-size: 10pt">Bonuses



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee approved in July&nbsp;2003 the bonus formula for the
year ending June&nbsp;30, 2004 for the Chief Executive Officer, as intended to
satisfy the requirements of Section 162(m) of the Code. The 2004 bonus formula
for the Chief Executive Officer was based on 5% of pre-tax profits of the
Company&#146;s overall performance. Such arrangements depend solely on the
profitable results in the Company during the fiscal year.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 and directed the Singapore
Subsidiary to formulate and grant the performance bonuses.


<P align="left" style="font-size: 10pt">Stock options



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the 1998 Stock Option Plan, the Compensation Committee may grant
options to purchase Common Stock to employees of the Company, including
executive officers. Options grants have an exercise price equal to the fair
market value of the Common Stock on the grant date and become exercisable over
a period of time or if the Company attains specified levels of economic profit
or earnings per share. It is the Compensation Committee&#146;s policy that the
vesting schedules for options grants be predominantly performance based, with
appropriately aggressive vesting targets. Generally, the Compensation Committee
considers the making of option grants on an annual basis. The number of options
awarded are generally determined based upon management&#146;s recommendation and are
based upon the position held by an executive, that executive&#146;s performance and
contributions to the Company over the prior year and the executive&#146;s expected
future contribution.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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, 61,000 shares at an exercise price of $2.66 per share. Stock options
for 10,000 shares of Common Stock were granted to Mr.&nbsp;S.W Yong and Mr.&nbsp;Victor
H.M. Ting was granted 7,000 stock options in July&nbsp;2003.


<P align="left" style="font-size: 10pt">Chief Executive Officer&#146;s compensation



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Yong&#146;s base annual salary remained the same in the currency of
Singapore, which was based on market data for chief executive officers in
similarly sized companies, or in similar industries. The variance in his base
salary as compared to fiscal 2003 was due to the appreciation of Singapore
dollars against U.S. dollars. Base salary was also credited with a compulsory
contribution under Singapore&#146;s provident pension fund (CPF)&nbsp;and a contribution
to a retirement plan similar to an IRS 401-K. In June&nbsp;2004, the Compensation
Committee approved the basis of the bonus awards to Mr.&nbsp;Yong, which remained
the same as fiscal 2003. Mr.&nbsp;Yong was entitled to a bonus of approximately
$14,000 for fiscal 2004. Other compensation consisted of directly paid auto
expenses which remained unchanged from fiscal 2004.


<P align="left" style="font-size: 10pt">Dated October&nbsp;22, 2004



<P align="left" style="font-size: 10pt">THE COMPENSATION COMMITTEE



<P align="left" style="font-size: 10pt">A. Charles Wilson, Chairman<BR>
Jason T. Adelman<BR>
Richard M. Horowitz


<P align="center" style="font-size: 10pt">7
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the fiscal year ended June&nbsp;30, 2004, 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 employee
officer of the Company from 1981 to 1989.


<P align="left" style="font-size: 10pt"><B>STOCK PRICE PERFORMANCE GRAPH</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The graph below compares cumulative total stockholder return of the Common
Stock of the Company with that of the Standard &#038; Poor&#146;s 500 Index and the AMEX
Composite Index for the five-year period ending June&nbsp;30, 2004.


<P align="center" style="font-size: 10pt"><IMG src="a02558a0255801.gif" alt="(PERFORMANCE GRAPH)">



<P align="left" style="font-size: 10pt"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth, as of October&nbsp;8, 2004, 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.



<P align="center" style="font-size: 10pt">8
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares Owned</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially as of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>October 8, 2004</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percent of Class</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name (1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(1)</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">S.W. Yong</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">371,925</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">12.26</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Richard M. Horowitz</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">241,701</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">8.07</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">A. Charles Wilson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">266,608</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">8.80</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Victor H.M. Ting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,302</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(5</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">4.15</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jason Adelman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.30</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Richard H.P. Lim</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54,880</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.84</TD>
    <TD nowrap>%</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">All Directors and Executive
Officers as a group (6 persons)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,098,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(2)-</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">34.22</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>
<P>
<HR size="1" align="left" width="15%" noshade>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The percentage shown for each individual and for all
executive officers and directors as a group is based upon
2,964,542 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;22, 2004 which are 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 Califa Street, Van Nuys,
California 91411.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Includes options to purchase 70,000 shares from the
Company at exercise prices ranging from $2.25 to $5.37 per
share.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Includes options to purchase 30,000 shares from the
Company at exercise prices ranging from $2.25 to $5.37 per
share. The remaining 211,701 shares are either held
directly or in a trust for which Mr.&nbsp;Horowitz serves as a
trustee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Includes options to purchase 65,000 shares from the
Company at exercise prices ranging from $2.25 to $5.37 per
share. The remaining 201,608 shares held in a trust for
which Mr.&nbsp;Wilson serves as trustee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Includes options to purchase 31,250 shares from the
Company at exercise prices ranging from $2.66 to $6.00 per
share.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(6)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Includes of options to purchase 25,000 shares from the
Company at exercise prices ranging from $2.25 to $5.37 per
share.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(7)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Includes of options to purchase 23,750 shares from the
Company at exercise prices ranging from $2.66 to $6.00 per
share.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(8)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Includes options to purchase 245,000 shares from the
Company at exercise prices of $2.25 to $6.00 per share.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company does not know of any arrangements that may at a subsequent
date result in a change of control of the Company.


<P align="left" style="font-size: 10pt"><B>SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based solely on a review of reports on Forms 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, Mr.&nbsp;Victor H. M. Ting and Mr.
Richard H.P. Lim failed to file on a timely basis one Form&nbsp;4, each of which
late reports was subsequently filed and reported the grant to each of an option
to acquire Common Stock granted on July&nbsp;14, 2003.


<P align="center" style="font-size: 10pt">9
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>INDEPENDENT PUBLIC ACCOUNTANTS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June&nbsp;26, 2003, BDO International was reappointed 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, 2003 and June&nbsp;30, 2004.
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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has selected BDO International as the independent
public accountants for the fiscal year ending June&nbsp;30, 2005.


<P align="left" style="font-size: 10pt">Audit Fees:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BDO International billed the Company an aggregate of $130,000 for services
rendered for the audit of the Company&#146;s annual financial statements for the
fiscal year ended June&nbsp;30, 2004 and $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.


<P align="left" style="font-size: 10pt">Audit-Related Fees



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No fees were paid to BDO in either of the last two fiscal years for
assurance or related services.


<P align="left" style="font-size: 10pt">Tax Fees



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BDO International billed the Company an aggregate of $27,000 in each of
the fiscal 2004 and fiscal 2003 for professional services rendered for tax
compliance, tax advice and tax planning.


<P align="left" style="font-size: 10pt">All Other Fees



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No fees were paid to BDO in either of the last two fiscal years for
products or services rendered in such years, other than those described above.


<P align="left" style="font-size: 10pt"><B>POLICY FOR PRE-APPROVAL OF AUDIT AND NON-AUDIT SERVICES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee&#146;s policy is to pre-approve all audit services and all
non-audit services that our independent accountants are permitted to perform
for us under applicable federal securities regulations. The Audit Committee&#146;s
policy utilizes an annual review and general pre-approval of certain categories
of specified services that may be provided by the independent accountant, up to
pre-determined fees levels. Any proposed services not qualifying as a
pre-approved specified service, and pre-approved services exceeding the
pre-determined fee levels, require further specific pre-approval by the Audit
Committee. The Audit Committee has delegated to the Chairman of the Audit
Committee the authority to pre-approve audit and non-audit services proposed to
be performed by the independent accountants. Since June&nbsp;12, 2003, all services
provided by BDO Entities required pre-approval by the Audit Committee. The
policy has not been waived in any instance.


<P align="left" style="font-size: 10pt"><B>SHAREHOLDER PROPOSALS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders who wish to present proposals at the 2005 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;9, 2005 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;21, 2005.


<P align="left" style="font-size: 10pt"><B>ANNUAL REPORT ON FORM 10-K</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the written request of any shareholder, the Company will provide,
without charge, a copy of the Company&#146;s Annual Report on Form 10-K filed with
the Commission for the year ended June&nbsp;30, 2004. This request should be
directed to the Corporate Secretary, Trio-Tech International, 14731 Califa
Street, Van Nuys, California 91411.


<P align="center" style="font-size: 10pt">10
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>GENERAL INFORMATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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, electronic transmission, telegram
or special letter.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The stockholders and any other persons who would like to communicate with
the Board, can access the website and fill in the contact form for any enquires
or information. The form will be sent directly to the Secretary and the
communications for specified individual directors or the Board will be given to
them personally by the Secretary. In addition, the contact number of the
Secretary is listed on the website and he will pass the messages to the Board
accordingly.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Annual Report to Shareholders covering the fiscal year ending June&nbsp;30,
2004 is being mailed with this Proxy Statement to shareholders of record for
this meeting.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By Order of the Board of Directors</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ DALE C. CHEESMAN</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Secretary</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">11
</DIV>

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<!-- link1 "ANNEX A" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="right">
<B><FONT size="2">ANNEX A</FONT></B>

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

<P align="left">
<FONT size="2">The audit committee is appointed by the Board of
Directors (the &#147;Board&#148;) to monitor and oversee the
integrity of the financial statements of Trio-Tech
International, to oversee the accounting and financial reporting
processes of the company and the audits of the financial
statements of the company and to monitor the independence and
performance of the company&#146;s independent accountants. In
that regard, the audit committee is directly responsible for the
appointment, compensation, retention and oversight of the work
of the independent accountants engaged for the purpose of
preparing or issuing an audit report or performing other audit,
review or attest services for the company. To that end:
</FONT>

<DIV>&nbsp;</DIV>

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

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">&#149;&nbsp;</FONT></B></TD>
    <TD>
    <B><FONT size="2">Membership Requirements</FONT></B></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">1.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee shall meet the size,
    independence and experience requirements of applicable statutes
    and regulations and the rules of the American Stock Exchange (as
    in effect from time to time; the &#147;AMEX Rules&#148;),
    including, except under exceptional and limited circumstances as
    provided under AMEX rules, a sufficient number of directors who
    satisfy the independence standards specified in
    Section&nbsp;121A and Rule&nbsp;10A-3 under the Securities
    Exchange Act of 1934, as amended, each of whom shall be able to
    read and understand fundamental financial statements (including
    a balance sheet, income statement and cash flow statement), and
    one of whom shall be financially sophisticated as provided under
    the AMEX Rules.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">2.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The members shall be selected (subject to the
    restrictions contained in paragraph&nbsp;1 immediately above)
    and vacancies shall be filled by the Board of Directors. The
    members shall designate one member as the Chairperson of the
    audit committee. A member may only be removed by a vote of the
    majority of the Board of Directors.
    </FONT></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">The audit committee may fix its own rules of
    procedure, provided such rules are consistent with the articles
    and bylaws of the company and this charter.
    </FONT></TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

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

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">&#149;&nbsp;</FONT></B></TD>
    <TD>
    <B><FONT size="2">General responsibilities</FONT></B></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">1.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee provides open avenues of
    communication among the independent accountants and the Board of
    Directors.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">2.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee will make regular reports to
    the full Board of Directors and may make appropriate
    recommendations.
    </FONT></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">The audit committee has the power and authority
    to conduct or authorize investigations into matters within the
    audit committee&#146;s scope of responsibilities. The audit
    committee is authorized to retain independent counsel,
    accountants or others it needs to assist in any such
    investigation and/or to otherwise carry out its duties.
    </FONT></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">The audit committee will meet on at least a
    quarterly basis and, if circumstances require, more frequently.
    The audit committee meetings may be separate and private as the
    audit committee may determine.
    </FONT></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">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 has an interest. The audit committee may ask
    members of management or others to attend the meeting and is
    authorized to receive all pertinent information from management.
    </FONT></TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

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

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">&#149;&nbsp;</FONT></B></TD>
    <TD>
    <B><FONT size="2">Responsibilities for engaging independent
    accountants.</FONT></B></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">1.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee is directly responsible for
    the selection, appointment (subject, if applicable, only to
    shareholder ratification), retention, compensation, evaluation,
    oversight of the work of, and, where appropriate, replacement of
    the independent accountants engaged for the purpose of preparing
    or issuing an audit report or performing other audit, review or
    attest services for the company. The audit committee also
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">A-1
</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="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="left">
    <FONT size="2">will review and set any fees paid to the
    independent accountants. The independent accounts shall report
    directly to the audit committee.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">2.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee will take such action as it
    reasonably believes is necessary to confirm and assure the
    independence of the independent accountant. In that regard, the
    audit committee is responsible for actively engaging in dialogue
    with the independent accountant with respect to any disclosed
    relationships or services that may impact on the objectivity and
    independence of the independent accountant and for taking, or
    recommending that the Board of Directors take, appropriate
    action to oversee the independence of the independent accountant.
    </FONT></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">The audit committee will consider, in
    consultation with the independent accountant, the audit scope
    and procedural plans made by the independent accountant.
    </FONT></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">The audit committee will listen to management and
    the primary independent accountant 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.
    </FONT></TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

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

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">&#149;&nbsp;</FONT></B></TD>
    <TD>
    <B><FONT size="2">Responsibilities for reviewing the annual
    external audit and the review of quarterly and annual financial
    statements</FONT></B></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">1.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee will ensure receipt from the
    independent accountant of a formal written statement delineating
    all relationships between the independent accountant and the
    company, consistent with Independence Standards Board
    Standard&nbsp;1. In that regard, the audit committee shall
    actively engage in dialogue with the independent accountants
    with respect to any disclosed relationships or services that may
    impact the objectivity and independence of the independent
    accountants and shall take, or recommend that the full Board
    take, appropriate action to oversee the independence of the
    independent accountants.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">2.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee will ask management and the
    independent accountant about significant risks and exposures and
    will assess management&#146;s steps to minimize or control them.
    </FONT></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">The audit committee will review the following
    with the independent accountant:
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">a.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The adequacy of the company&#146;s internal
    controls, including computerized information system controls and
    security.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">b.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Any significant findings and recommendations made
    by the independent accountant together with management&#146;s
    responses to them.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">c.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Any major changes to the company&#146;s
    accounting and auditing principles and practices as suggested by
    the independent accountants or management.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">4.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Shortly after the annual examination is
    completed, the audit committee will review the following with
    management and the independent accountant:
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">a.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The company&#146;s annual financial statements
    and related footnotes as well as the adequacy of internal
    controls and procedures that could materially affect the
    company&#146;s financial statements.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">b.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The independent accountant&#146;s audit of and
    report on the financial statements.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">c.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The independent accountant&#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.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">d.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Any serious difficulties or disputes with
    management encountered during the course of the audit.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">e.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Anything else about the audit procedures or
    findings that GAAS requires the independent accountant to
    discuss with the audit committee.
    </FONT></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">5.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee will consider and review with
    management any significant findings during the year and
    management&#146;s responses to them.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">A-2
</FONT>

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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="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">6.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee will review annual filings
    with the SEC.
    </FONT></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">The audit committee will review the interim
    financial reports with management and the independent accountant
    before those interim reports are released to the public or filed
    with the SEC or other regulators.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">8.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The audit committee will prepare such letters and
    reports as may be required to be prepared by it under federal or
    state law and/or under the standards and requirements of the
    self-regulatory organization upon which the company&#146;s
    shares are then being traded.
    </FONT></TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

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

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD><B><FONT size="2">&#149;&nbsp;</FONT></B></TD>
    <TD>
    <B><FONT size="2">Periodic responsibilities</FONT></B></TD>
</TR>

</TABLE>
<P>

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

<TR>
    <TD width="1%"></TD>
    <TD width="3%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">1.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Review and reassess the adequacy of this charter
    on an annual basis and recommend any proposed changes to the
    Board of Directors for approval.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">2.&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">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 independent accountant.
    </FONT></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">Review legal and regulatory matters that may have
    a material effect on the company&#146;s financial statements and
    review compliance policies and programs and reports from
    regulators.
    </FONT></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">Meet with the independent accountant and
    management in separate executive sessions to discuss any matters
    the audit committee or these groups believe should be discussed
    privately with the audit committee.
    </FONT></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">All related party transactions shall be subject
    to appropriate review and oversight by the audit committee. In
    undertaking such review, the audit committee shall take into
    account all facts and circumstances as they deem relevant.
    </FONT></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">Establish procedures for (a)&nbsp;the receipt,
    retention, and treatment of complaints received by the company
    regarding accounting, internal accounting controls or auditing
    matters; and (b)&nbsp;the confidential, anonymous submission by
    employees of the company or any of its subsidiaries of concerns
    regarding questionable accounting or auditing matters.
    </FONT></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">Have the authority to retain and engage
    independent legal counsel and such other consultants and
    advisers, including accountants, as the audit committee
    determines are necessary to carry out its duties. The audit
    committee may request any officer or employee of the company or
    the company&#146;s outside counsel or independent accountants to
    attend a meeting of the audit committee or to meet with any
    members of, or consultants or advisers to, the audit committee.
    To the extent required by law, the company shall provide for
    appropriate funding, as determined by the audit committee, for
    payment of compensation (a)&nbsp;to the independent accountants,
    if any, engaged for the purpose of preparing or issuing an audit
    report or performing other audit, review or attest services for
    the company, and (b)&nbsp;to any advisers employed or engaged by
    the audit committee as provided in the first sentence of this
    paragraph.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">A-3
</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>
<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL</B>



<P align="center" style="font-size: 10pt"><B>Proxy Solicited on Behalf of the Board of Directors of the Company<BR>
for Annual Meeting of Shareholders on December&nbsp;6, 2004</B>



<P align="left" style="font-size: 10pt">&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 Monday, December&nbsp;6,
2004 at 10:00&nbsp;A.M. (local time), 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:


<P align="center" style="font-size: 10pt"><B>(Continued and to be signed on the other side.)</B>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><B>Please sign, date and mail your<BR>
proxy card back as soon as possible!</B>



<P align="center" style="font-size: 10pt"><B>Annual Meeting of
Shareholders<BR>
TRIO-TECH INTERNATIONAL</B>


<P align="center" style="font-size: 10pt"><B>December&nbsp;6, 2004</B>



<P align="center" style="font-size: 10pt"><FONT face="Wingdings">&#234;</FONT>&nbsp;&nbsp;Please Detach and Mail in the Envelope Provided&nbsp;&nbsp;<FONT face="Wingdings">&#234;</FONT>


<P><DIV style="position: relative; float: left; margin-right: 1%; width: 49%">
<DIV align="left">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="40%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="middle"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size:12pt"><B>A</B></font>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="middle"><FONT style="font-size:20pt"><FONT face="Wingdings">&#120;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Please mark your
votes as in this
example.</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">FOR all nominees</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>WITHHOLD</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">listed at right (except</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>AUTHORITY </B>to vote</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">as indicated to the</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">for all nominees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">contrary below)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">listed at right.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ELECTION<BR>
OF<BR>
DIRECTORS:
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="middle"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="middle"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Nominees:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jason T. Adelman<BR>
Richard M. Horowitz<BR>
A. Charles Wilson<BR>
S.W. Yong</TD>
</TR>

<TR valign="bottom">
    <TD colspan="7" valign="top" align="left">INSTRUCTION: To withhold authority to vote for any
individual nominee, write that nominee&#146;s name on
the space provided:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>



<P align="left" style="font-size: 10pt"><HR size="1" noshade width="50%" align="left">

</DIV>
<DIV style="position: relative; float: right; margin-left: 1%; width: 49%">
<P align="left" style="font-size: 7pt">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.


<P align="left" style="font-size: 7pt"><B>THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY
THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
&#147;FOR&#148; THE NOMINEES FOR DIRECTORS LISTED IN ITEM 1.</B>


<P align="left" style="font-size: 7pt"><B>PLEASE MARK, DATE, SIGN AND RETURN YOUR PROXY PROMPTLY IN THE ENCLOSED ENVELOPE,
WHICH REQUIRES NO POSTAGE IF MAILED IN THE UNITED STATES.</B>


<P align="left" style="font-size: 7pt">Number of shares held: ____________________


<P align="left" style="font-size: 7pt">If shares are held by your Broker, please print their name and address below:

<P align="left" style="font-size: 10pt"><HR size="1" noshade width="75%" align="left">

<P align="left" style="font-size: 10pt"><HR size="1" noshade width="75%" align="left">


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="75%" align="left">


</DIV>
<BR clear="all"><BR>
<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Signature
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>(Print Name)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dated:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>, 2004</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">Signature if held jointly
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>(Print Name if held jointly)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dated:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>, 2004</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>



<P>
<TABLE width="100%" border="0" cellpadding="2" cellspacing="0" style="font-size: 7pt; background: transparent; color: #000000">
<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>
<TR valign="top">
    <TD nowrap><B>IMPORTANT:</B>&nbsp;</TD>
    <TD>Please sign above exactly as your name or names appear hereon.
Joint owners should each sign
personally. Corporate proxies should be signed in full corporate name
by the authorized officer. Fiduciaries should give full titles as such.</TD>
</TR>
</TABLE>





<P align="center" style="font-size: 10pt">&nbsp;
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end

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