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<SEC-DOCUMENT>0000950129-05-006047.txt : 20050611
<SEC-HEADER>0000950129-05-006047.hdr.sgml : 20050611
<ACCEPTANCE-DATETIME>20050608152758
ACCESSION NUMBER:		0000950129-05-006047
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20050603
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050608
DATE AS OF CHANGE:		20050608

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14523
		FILM NUMBER:		05885089

	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>8-K
<SEQUENCE>1
<FILENAME>a09831e8vk.htm
<DESCRIPTION>TRIO-TECH INTERNATIONAL
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
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<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






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

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

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 12pt"><B>CURRENT REPORT PURSUANT<BR>
TO SECTION 13 OR 15(D) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>


<P align="left" style="font-size: 10pt">Date of report (Date of earliest event reported): June&nbsp;3, 2005


<P align="center" style="font-size: 24pt"><B>TRIO-TECH INTERNATIONAL</B>



<DIV style="border-top: 1px solid #000000"></DIV>


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



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



<DIV style="border-top: 1px solid #000000"></DIV>


<DIV align="center" style="font-size: 10pt">(State or Other Jurisdiction of Incorporation)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">1-14523
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">95-2086631</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">14731 Califa Street, Van Nuys, California
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">91411</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">(818)&nbsp;787-7000



<DIV style="border-top: 1px solid #000000"></DIV>


<DIV align="center" style="font-size: 10pt">(Registrant&#146;s Telephone Number, Including Area Code)</DIV>



<P> <BR>
<DIV style="border-top: 1px solid #000000"></DIV>


<DIV align="center" style="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General
Instruction A.2. below):


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







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

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

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.01. </B><B><I>Other Events</I></B>


<P align="left" style="font-size: 10pt">On June&nbsp;3, 2005, Trio Tech International PTE. LTD., a Singapore company and a wholly-owned
subsidiary of Registrant (the &#147;Company&#148;), executed a Letter of Offer, dated June&nbsp;3, 2005, between
the Company and Globetronics Technology BHD., a Malaysian company (&#147;Seller&#148;). Pursuant to the
Letter of Offer, the Company has agreed that, subject to the satisfaction of certain conditions
(including without limitation satisfactory results from the Buyer&#146;s due diligence examination and
the execution of a definitive Sales and Purchase Agreement), it or one of its subsidiaries and/or
nominees, of which the Company owns 100% of the outstanding equity interests (&#147;Buyer&#148;), would
acquire 100% of the issued share capital of Globetronics (Shanghai) Inc., a wholly-owned China
subsidiary of Seller for an aggregate cash purchase price of $153,000 (US). The China subsidiary is
a burn-in testing division of Seller dealing with testing of semiconductor components. A portion
of the purchase price in the amount of $15,300 (US)&nbsp;will be paid shortly after June&nbsp;3, 2005 by way
of a deposit and will be credited towards the aggregate purchase price payable at the closing of
the transaction. The deposit is refundable under certain circumstances as specified in the Letter
of Offer. The balance of the purchase price will be paid at the closing of the transaction
expected to occur on the later of September&nbsp;1, 2005 or the date of approval of the share transfer
by all necessary governmental authorities. The purchase price shall include all assets of
Globetronics (Shanghai) Inc., excluding the cash and bank balances, accounts receivables and other
receivables, which are not necessary to run the operation. These assets are expected to be utilized
in the acquired burn-in testing division of Buyer to service the existing customers of the Seller.
The Seller shall be responsible to settle all current and long term liabilities incurred prior to
the closing of the transaction. The source of the funds for this acquisition will be the general
working capital of Buyer.



<P align="left" style="font-size: 10pt">A copy of the Letter of Offer is attached hereto as Exhibit&nbsp;99.1.


<P align="left" style="font-size: 10pt"><I>Forward Looking Statements</I>. The statements in this Current Report on Form 8-K concerning current
management&#146;s expectations are &#147;forward looking statements&#148; within the meaning of Section&nbsp;27A of the
Securities and Exchange Act of 1933, as amended, and Section&nbsp;21E of the Securities and Exchange Act
of 1934, as amended, that involve risks and uncertainties. Any statements contained herein
(including, without limitation, statements to the effect that the Company or management
&#147;estimates,&#148; &#147;expects,&#148; &#147;intends,&#148; &#147;continues,&#148; &#147;may,&#148; or &#147;will&#148; or statements concerning
&#147;potential&#148; or variations thereof or comparable terminology or the negative thereof), that are not
statements of historical fact should be construed as forward looking statements. There is no
assurance that the transactions contemplated by the Agreement will be consummated. These
forward-looking statements are based on our management&#146;s current views and assumptions. The Company
assumes no obligation to update the information herein or on the Company&#146;s or its subsidiaries&#146;
websites.



<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01. </B><B><I>Financial Statements and Exhibits</I></B>



<P>
<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="1%" nowrap align="left">(c)&nbsp;&nbsp;</TD>
    <TD>Exhibits</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 Letter of Offer, dated June&nbsp;3, 2005 between Globetronics Technology BHD. and Trio Tech
International PTE. LTD.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><FONT style="font-variant: SMALL-CAPS">Trio-Tech International</FONT> (Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/    VICTOR H.M. TING
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Victor H.M. Ting     &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Vice President and
Chief Financial Officer<BR>
(Principal Financial Officer)&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Date June&nbsp;8, 2005



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


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a09831exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<HEAD>
<TITLE>exv99w1</TITLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="right" style="font-size: 10pt">Exhibit&nbsp;99.1



<P align="left" style="font-size: 10pt"><IMG src="a09831a0983100.gif" alt="(TRIO-TECH LOGO)">



<P align="left" style="font-size: 10pt">03 June&nbsp;2005


<P align="left" style="font-size: 10pt">Globetronics Technology Bhd.<BR>
Plot 2, Phase 4, Free Industrial Zone,<BR>
Bayan Lepas,<BR>
11900 Penang,<BR>
Malaysia

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attention:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mr Heng Huck Lee</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">Chief Operating Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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


<P align="left" style="font-size: 10pt"><B>OFFER TO ACQUIRE ALL THE SHARES IN GLOBETRONICS (SHANGHAI)&nbsp;INC. (&#147;GSI&#148;)</B>


<P align="left" style="font-size: 10pt">We are writing to express our interest in acquiring 100% of the total issued share capital of GSI,
which is held by Globetronics International Inc (&#147;GII&#148;). Our interest in this acquisition (the
&#147;Proposed Acquisition&#148;) shall be by Trio-Tech International Pte Ltd or one of its subsidiaries
and/or nominees (collectively referred to as &#147;TTI&#146;) and is subject to the following terms and
conditions.



<P align="left" style="font-size: 10pt"><U>PROPOSED ACOUISITION</U>



<P>
<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="1%" nowrap align="left">1.&nbsp;&nbsp;</TD>
    <TD>The Proposed Acquisition is subject to:</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)&nbsp;&nbsp;</TD>
    <TD>TTI being satisfied as to the results of a due diligence to be conducted and upon
legal, financial and other professional advice to be obtained; the due diligence exercise
shall be for a period of fourteen (14)&nbsp;working days and shall commence upon GII being able
to confirm and forward to TTI the list of documents required for the due diligence exercise
is ready for inspection; TTI shall notify GII in writing of whether the results of the due
diligence is satisfactory or otherwise within seven (7)&nbsp;days from the expiry of the close
of the due diligence exercise.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)&nbsp;&nbsp;</TD>
    <TD>approval to be obtained by all relevant government agencies or regulatory bodies for
the Proposed Acquisition by TTI; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)&nbsp;&nbsp;</TD>
    <TD>the preparation and execution by GII and TTI of a definitive business Sale and
Purchase Agreement (&#147;S&#038;P&#148;) setting out each party&#146;s understanding and intentions.</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 9pt">&#095;/s/&#095;S.W.YONG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#095;/s/&#095;H.H.LEE



<P align="center" style="font-size: 10pt"><IMG src="a09831a0983101.gif" alt="(LETTERHEAD)">



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

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

<P align="left" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL PTE LTD<BR>
03 June&nbsp;2005<BR>
Page 2</B>


<P>
<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="1%" nowrap align="left">2.&nbsp;&nbsp;</TD>
    <TD>TTI will acquire GSI as a going concern which shall include:</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)&nbsp;&nbsp;</TD>
    <TD>the take over of all existing contracts and/or confirmed purchase orders with all
existing customers of GSI;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)&nbsp;&nbsp;</TD>
    <TD>all existing business licenses to operate the company; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)&nbsp;&nbsp;</TD>
    <TD>all such other contracts entered into by GSI with third parties necessary for the
operations of GSI.</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(i)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GSI will arrange for TTI to meet up with its existing customers to inform them of the
proposed change of ownership upon acceptance of this Letter of Offer. TTI shall inform GSI as
to when such visits may take place. This Letter of Offer will immediately become null and
void, if one of the existing customers of GSI, Intel Corporation in Shanghai expresses its
intention to discontinue the business relationship with GSI due to the change of ownership.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)&nbsp;&nbsp;</TD>
    <TD>At the request of TTI made in this letter of offer and, pursuant to such request, in
consideration of GII introducing TII, its servants, representatives and/or agents to Intel,
Shanghai to enable TTI to ascertain whether the business between GSI and Intel Shanghai
would be adversely affected by a change in the ownership of GSI from GII to TTI upon the
completion of the Proposed Acquisition, TTI hereby undertakes, warrants and represents to
GII that should the Proposed Acquisition fail to complete for whatsoever reason (including
and not limited to a failure initiated by GII), TTI, its servants and agents, whether
directly or indirectly, shall refrain from contacting any employee, servant and/or agent of
Intel, Shanghai and/or shall refrain from engaging and/or conducting any business with
Intel, Shanghai related to or in respect of the burn in and testing of integrated circuits
and/or any aspect of the businesses GSI is currently undertaking with Intel, Shanghai, for
a period of twelve (12)&nbsp;months from the date negotiations relating to the Proposed
Acquisition terminate.</TD>
</TR>

</TABLE>


<P>
<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="1%" nowrap align="left">4.&nbsp;&nbsp;</TD>
    <TD>The offer price by TTI to acquire the 100% shares in GSI from GII will be at the sum of
USD153,000 (&#147;Purchase Price&#148;) payable in two (2)&nbsp;tranches. TTI agrees to pay a deposit of ten
(10)&nbsp;percent of the Purchase Price upon signing of this Letter of Offer to be held by GII&#146;s
solicitors as stakeholders pending the conduct of the due diligence exercise. Upon TTI
completing the due diligence and informing GII of the same shall the said deposit held in
stakeholding be released to GII by its solicitors. In the event that the due diligence is
unsatisfactory or GII does not proceed with entering into a S&#038;P, the deposit held in
stakeholding shall be returned to TTI within seven (7)&nbsp;days from demand.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>The remaining ninety (90)&nbsp;per cent of the Purchase Price shall be paid on the Handover Date of
the Proposed Acquisition.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&#095;/s/&#095;S.W.YONG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#095;/s/&#095;H.H.LEE

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

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




<P align="left" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL PTE LTD<BR>
03 June&nbsp;2005<BR>
Page 3</B>


<P>
<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="1%" nowrap align="left">5.&nbsp;&nbsp;</TD>
    <TD>The offer price is for 100% share in GSI and shall include all assets in GSI, but excluding
the cash and bank balances, accounts receivables, other receivables, current and long term
liabilities. For the avoidance of doubt, all other receivables held by third parties which are
necessary for the operation of the company shall upon completion be retained by GSI. For the
avoidance of doubt, TTI shall procure a name change for GSI upon the completion of the
Proposed Acquisition and shall notify GII when such name has been changed and all business
licences amended to reflect the new name of GSI, whereupon the parties shall decide on a
mutually agreeable date (&#147;Handover Date&#148;) to release all cash balances in the banks standing
to the credit of GSI to GII. GII undertakes that it shall be responsible for all liabilities
incurred prior to the Handover Date. Such liabilities shall include liabilities which are
incurred prior and up to Handover Date but payable beyond such date.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><U>UNDERTAKINGS BY GII</U>



<P>
<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="1%" nowrap align="left">6.&nbsp;&nbsp;</TD>
    <TD>GII, its subsidiaries and Globetronics Technology Bhd, undertake:</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)&nbsp;&nbsp;</TD>
    <TD>that for a period of two (2)&nbsp;years from the completion of the Proposed Acquisition, all
the aforesaid parties are not allow to engage or be interested directly or indirectly with
Intel in the business of burn-in and testing of integrated circuit business used in the
electronics or any other industry in the People&#146;s Republic of China;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)&nbsp;&nbsp;</TD>
    <TD>not to solicit or entice away or attempt to solicit or entice away whether directly or
indirectly from GSI, any customer or any person who is an officer, manager or key employee
of GSI.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)&nbsp;&nbsp;</TD>
    <TD>upon the completion of the Proposed Acquisition to use its best endeavours to retain
the employment of Mr Lai Soon Seng (&#147;Lai&#148;) with TTI or one of its subsidiaries and/or
nominees for a position in GSI on the terms and conditions of employment as attached in the
Annexure A; in the event that Lai does not accept employment with TTI or one of its
subsidiaries and/or nominees for a position in GSI but remains as an employee of GII or one
of its subsidiaries and/or nominees, then GII shall second Lai to GSI for a period of three
(3)&nbsp;months after the completion of the Proposed Acquistion at a salary of RMB 25,500 per
month to be paid by GSI; in the event that Lai does not accept employment with TTI or one
of its subsidiaries and/or nominees for a position in GSI and does not remain as an
employee of GII or one of its subsidiaries and/or nominees, then GII shall second another
person of similar work experience to Lai to GSI for a period of three (3)&nbsp;months after the
completion of the Proposed Acquistion at a salary of not more than RMB 25,500 per month to
be paid by GSI. The scope of the above secondment covers all job descriptions currently
provided by Lai to GSI. For the avoidance of doubt, during the period of secondment, Lai or
such other person will be under the employment of GII and its/or subsidiaries;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&#095;/s/&#095;S.W.YONG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#095;/s/&#095;H.H.LEE

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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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

<P align="left" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL PTE LTD<BR>
03 June&nbsp;2005<BR>
Page 4</B>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iv)&nbsp;&nbsp;</TD>
    <TD>to indemnify TTI in full for all claims made by its existing customers against GSI on
services rendered by GSI prior to the Handover Date of the Proposed Acquisition provided
that GII is notified of any such claims and GSI shall take all reasonable steps in the
defence of such claims and allow GII to defend such claims as it may deem fit provided that
GSI shall not be prejudiced in any way for so doing;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(v)&nbsp;&nbsp;</TD>
    <TD>to pay, satisfy, discharge and fulfill all costs, claims, expenses, liabilities,
obligations, and, undertakings whatsoever relating to GSI arising out of or in connection
with any period up to the Handover Date and will indemnify and hold harmless TTI in respect
of the same and in this respect;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>GII shall settle all accounts payable to the third parties up to the Handover Date;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(vi)&nbsp;&nbsp;</TD>
    <TD>to discharge all inter company loans and liabilities against GSI on Handover Date; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(vii)&nbsp;&nbsp;</TD>
    <TD>that GII shall provide Human Resource, Finance and Administration Services
(&#147;Services&#148;) to GSI for a total consideration of USD37,000 for a period of three (3)&nbsp;months
from the Handover Date of the Proposed Acquisition payable on the Handover Date. The scope
of the Services covers all functions currently provide by the Subsidiary to GSI.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><U>DUE DILIGENCE AND COMPLETION</U>



<P>
<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="1%" nowrap align="left">7.&nbsp;&nbsp;</TD>
    <TD>Upon acceptance of this offer,</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)&nbsp;&nbsp;</TD>
    <TD>TTI must be notified and approve all capital investments exceeding the sum of US$
1,000.00 in GSI prior to the date of completion of the Proposed Acquisition;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)&nbsp;&nbsp;</TD>
    <TD>TTI shall be entitled to conduct its due diligence on GSI. GSI agrees to render
full cooperation to TTI, its agents, employees, contractors and consultants and to
produce for inspection documents requested and provide all information necessary for such
a due diligence exercise;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)&nbsp;&nbsp;</TD>
    <TD>the due diligence exercise shall commence upon the acceptance of the Letter of
Offer and upon GII being able to confirm that the list of documents required for the due
diligence exercise is ready for inspection after TTI has given the same and shall not
extend beyond fourteen (14)&nbsp;working days from such date of GII obtaining and furnishing
such documents to TTI;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iv)&nbsp;&nbsp;</TD>
    <TD>completion of the Proposed Acquisition shall be on 1 September&nbsp;2005 or upon
approval being obtained from the relevant government authorities approving the transfer
of shares from GII to TTI whichever is later; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(v)&nbsp;&nbsp;</TD>
    <TD>any extension of time for either the due diligence exercise or completion of the
Proposed Acquisition shall be by the consent of both parties.</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">&#095;/s/&#095;S.W.YONG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#095;/s/&#095;H.H.LEE

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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


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



</TABLE>


<P align="left" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL PTE LTD<BR>
03 June&nbsp;2005<BR>
Page 5</B>


<P align="left" style="font-size: 10pt"><U>VALIDITY PERIOD</U>



<P>
<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="1%" nowrap align="left">8.&nbsp;&nbsp;</TD>
    <TD>This Letter of Offer is open acceptance and must be replied by close of business on 03 June
2005, after which time if not accepted it will lapse and is deemed withdrawn. The
reinstatement of the offer is subject to review.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><U>CONFIDENTIALITY AND ANNOUNCEMENTS</U>



<P>
<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="1%" nowrap align="left">9.1&nbsp;&nbsp;</TD>
    <TD>Both parties shall maintain and keep confidential all information or data relating to GSI
including the terms of this offer and any information obtained from each other in the course
of all negotiations relating and/or connected to the entering into and/or completion of the
Proposed Acquisition, whether in writing or orally or by any other means and whether requested
by one party from the other or not, provided by one party to the other or by a third party on
behalf of either party, including but not limited to any information ascertainable by the
inspection or analysis of business plans, financial information, technical know-how, marketing
strategy, staff management and technical expertise and confidential information of whatever
kind relating to GSI (hereinafter referred to as &#147;Confidential Information&#148;), and shall use
the Confidential Information only for the Proposed Acquisition and for no other purpose and,
in particular, but without prejudice to the generality of the foregoing:-</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">i.&nbsp;&nbsp;</TD>
    <TD>not to make any publication nor to copy or reproduce or reduce to writing any
part of the Confidential Information except as may be reasonably necessary for the
Proposed Acquisition and that any copies, reproductions or reductions to writing so
made shall be the property of the party providing the Confidential Information;</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">ii.&nbsp;&nbsp;</TD>
    <TD>not to disclose the Confidential Information to its employees, agents,
professional advisors, directors or to third parties except in confidence to such of
them who need to know the Confidential Information for the Proposed Acquisition and
that:-</TD>
</TR>

</TABLE>


<P>
<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="7%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.&nbsp;&nbsp;</TD>
    <TD>such employees, agents, professional advisors, directors or to
third parties are obliged by their contracts of employment or service not to
disclose the same;</TD>
</TR>

</TABLE>


<P>
<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="7%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.&nbsp;&nbsp;</TD>
    <TD>the respective party shall enforce such obligations at its own
expense and at the request of the other party in so far as breach thereof
relates to the Confidential Information.</TD>
</TR>

</TABLE>


<P>
<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="1%" nowrap align="left">9.2&nbsp;&nbsp;</TD>
    <TD>In relation to the Confidential Information, each party respectively undertakes, represents
and warrants to the other that:-</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">i.&nbsp;&nbsp;</TD>
    <TD>they shall be responsible for the performance of clause 9.1.(ii). above on the
part of its employees, agents, professional advisors, or directors to whom the same is
disclosed pursuant to clause 9.1 above; and</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 9pt">&#095;/s/&#095;S.W.YONG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#095;/s/&#095;H.H.LEE


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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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


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



</TABLE>


<P align="left" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL PTE LTD<BR>
03 June&nbsp;2005<BR>
Page 6</B>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">ii.&nbsp;&nbsp;</TD>
    <TD>each party shall apply thereto no lesser security measures and degree of care
than those which each party would apply to its own confidential or propriety
information and which each party warrants as providing adequate protection of such
information from unauthorised disclosure, copying or use.</TD>
</TR>

</TABLE>


<P>
<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="1%" nowrap align="left">9.3&nbsp;&nbsp;</TD>
    <TD>The obligations of the parties hereto contained in this Agreement shall not apply to
Confidential Information that:-</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">i.&nbsp;&nbsp;</TD>
    <TD>is or has become generally available to the public (unless available as a
result of the breach of this undertaking); or</TD>
</TR>

</TABLE>


<P>
<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">ii&nbsp;&nbsp;</TD>
    <TD>is required to be disclosed by law, government authority or a stock exchange
(and, in this respect, each of the parties hereto warrant to the other that, to the
best of its knowledge and belief, each party is, at the date hereof, not required to
make any disclosure of Confidential Information to any party save and except that in
the case of GII, its holding company is required to disclose relevant information
relating to the Proposed Acquisition to the stock exchange and/or the Securities
Commission in Malaysia and in the case of TTI, its holding Company is require to
disclose relevant information to the Proposed Acquistion to the stock exchange and/or
the Securities Exchange Commission in the United States of America).</TD>
</TR>

</TABLE>


<P>
<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="1%" nowrap align="left">9.4&nbsp;&nbsp;</TD>
    <TD>In the event of a breach or threatened breach of any of the provisions of this Agreement, the
party not in breach shall be entitled to an injunction restraining the party in breach from
disclosing in whole or in part any of such Confidential Information and further restraining
the party in breach from continuing conduct comprising such breach or threatened breach.</TD>
</TR>

</TABLE>


<P>
<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="1%" nowrap align="left">9.5&nbsp;&nbsp;</TD>
    <TD>The parties acknowledge that such injunctive relief as a remedy to the injured party may be
inadequate for any such breach or threatened breach and that the foregoing shall not be
construed as prohibiting the party not in breach from pursuing any other remedies available to
it in law or equity. If any legal action arises under this Agreement, the party not in breach
shall be entitled to recover all costs and expenses including legal costs incurred attempting
to enforcing or attempting to enforce any of the provisions or covenants hereof.</TD>
</TR>

</TABLE>


<P>
<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="1%" nowrap align="left">10.&nbsp;&nbsp;</TD>
    <TD>Both parties agree that after accepting the terms in the Letter of Offer, that they shall
not, from the date of acceptance of the Letter of Offer as specified below and for a period of
90&nbsp;days after this date of acceptance or up to Completion Date whichever is later, procure
that their directors, shareholders, and employees shall not discuss, negotiate or finalise any
arrangements with any third party with a view to or in connection with (i)&nbsp;the Proposed
Acquisition; or (ii)&nbsp;any other transaction incompatible with Proposed Acquisition and the
matters discussed in this Letter of Offer.</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 9pt">&#095;/s/&#095;S.W.YONG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#095;/s/&#095;H.H.LEE


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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><B>TRIO-TECH INTERNATIONAL PTE LTD<BR>
03 June&nbsp;2005<BR>
Page 7</B>


<P align="left" style="font-size: 10pt"><U>GOVERNING LAW</U>



<P>
<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="1%" nowrap align="left">11.&nbsp;&nbsp;</TD>
    <TD>This Letter of Offer shall be governed by and construed in accordance with Laws of Singapore.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>To accept this offer, please indicate your acceptance below by signing on the duplicate copy
of this letter enclosed and return the same to us by telefax at fax no. &#043;65-6259 2390 with the
original to follow by courier to Trio-Tech International Pte Ltd, Blk 1008 Toa Payoh North
#03-09 Singapore 318996, marked for the attention of Mr Victor Ting within five (5)&nbsp;days from
the date hereof by 03 June&nbsp;2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>The terms and conditions in the Letter of Offer shall form the basis for the terms and
conditions of a Sale and Purchase Agreement to be entered into by TTI and GII after the due
diligence exercise has been conducted. Acceptance of this Letter of Offer constitutes a valid
and binding contract between the parties.</TD>
</TR>

</TABLE>


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



<P align="left" style="font-size: 10pt">&#095;/s/&#095;S.W.YONG


<P align="left" style="font-size: 10pt">Mr Yong Siew Wai<BR>
Chief Executive Officer


<P align="left" style="font-size: 10pt">c.c&nbsp;&nbsp;&nbsp;&nbsp; Mr Victor Ting, Chief Financial Officer



<P align="left" style="font-size: 10pt">Date : June&nbsp;3, 2005



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


<P align="left" style="font-size: 10pt">We accept your offer as set out in the terms and conditions above.



<P align="left" style="font-size: 10pt">/s/ H.H. LEE


<P align="left" style="font-size: 10pt">Yours sincerely<BR>
For and on behalf of<BR>
Globetronics Technology Bhd<BR>
Name: Heng Huck Lee<BR>
Date: June&nbsp;3, 2005


<P align="left" style="font-size: 10pt">Witness<BR>
Name:<BR>
Date:



<P align="center" style="font-size: 10pt">&nbsp;
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
