Form of proxy for use at the general meeting to be held on Monday, 29 March 2021 at 4:00 p.m. (or at any adjournment thereof)

TARGET INSURANCE (HOLDINGS) LIMITED 泰加保險（控股）有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 6161)

Form of proxy for use at the general meeting to be held on Monday, 29 March 2021 at 4:00 p.m.

(or at any adjournment thereof)

I/We 1 of being the registered holder(s) of ordinary shares 2 in the capital of Target Insurance (Holdings) Limited (the "Company"), HEREBY APPOINT the chairman of the general meeting or 3 of

as my/our proxy to act for me/us at the general meeting (the "Meeting") (or at any adjournment thereof) of the Company to be held at Jade Room, Artzen Club, 401A, 4th Floor, Shun Tak Centre, 200 Connaught Road Central, Hong Kong on Monday, 29 March 2021 at 4:00 p.m. for the purpose of considering the resolutions set out in the notice (the "Notice") convening the Meeting and at the Meeting (or at any adjournment thereof) to vote for me/us and in my/our name(s) in respect of such resolutions as hereinafter indicated, and if no such indication is given, as my/our proxy thinks fit.

Capitalized terms used herein shall have the same meaning as those defined in the circular of the Company dated 11 March 2021 (the "Circular").

ORDINARY RESOLUTIONS	FOR 4	AGAINST 4
1.	To approve the Subsciption Agreement and the transactions contemplated thereunder (including the grant of the Specific Mandate) as set out in the Notice.
2.	(a)To re-elect Dr. Cheung Haywood as an executive Director.
(b)To re-elect Mr. Muk Wang Lit Jimmy as an executive Director.
(c)To re-elect Mr. Chan Hok Ching as an executive Director.
(d)To re-elect Mr. Wan Kam To as an independent non-executive Director.
(e)To re-elect Mr. Wong Shiu Hoi Peter as an independent non-executive Director.

Signature 6:

Date:

Notes:

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

• 2. Please insert the number of shares registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the shares in the Company registered in your name(s).

• 3. If any proxy other than the chairman of the Meeting is preferred, strike out "the chairman of the general meeting or" and insert the name and address of proxy desired in the space provided. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE INITIALLED BY THE PERSON WHO SIGNS IT.

• 4. IMPORTANT: IF YOU WISH TO VOTE FOR THE RESOLUTIONS, PLEASE INDICATE WITH A TICK IN THE RELEVANT BOX MARKED "FOR". IF YOU WISH TO VOTE AGAINST THE RESOLUTIONS, PLEASE INDICATE WITH A TICK IN THE RELEVANT BOX MARKED "AGAINST". Failure to indicate which way you wish your votes to be cast will entitle your proxy to cast your votes at his discretion. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the Meeting other than those referred to in the Notice.

• 5. In order to be valid, this form of proxy, together with the power of attorney (if any) or other authority (if any) under which it is signed, or a notarially certified copy thereof, must be lodged with the Company's share registrar and transfer office, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong, not less than 48 hours before the time appointed for holding the Meeting (i.e. at or before 4:00 p.m. on Saturday, 27 March 2021 (Hong Kong time), or any adjournment thereof.

• 6. This form of proxy must be signed by you or your attorney duly authorized in writing or, in the case of a corporation, must be under its seal or under the hand of an officer or attorney duly authorized.

• 7. In the case of joint holders, the vote of the sender who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of the other joint holders, and for this purpose, seniority will be determined by the order in which the names stand in the register in respect of the joint holding.

• 8. The proxy need not be a member of the Company but must attend the Meeting and at any adjournment thereof in person to represent you.

• 9. In compliance with the Hong Kong Government's directive on social distancing, personal and environmental hygiene, and the guidelines issued by the Centre for Health Protection of the Department of Health on the prevention of coronavirus disease 2019 (''COVID-19''), the Company will implement precautionary measures at the Meeting. Shareholders are advised to read page (i) of the Circular for details of the precautionary measures and monitor the development of COVID-19. Subject to the development of COVID-19, the Company may implement further changes and precautionary measures and may issue further announcement on such measures as appropriate.

• 10. In light of the continuing risks posed by the COVID-19 pandemic, the Company strongly advises Shareholders to appoint the chairman of the Meeting as their proxy to vote on the relevant resolution(s) as an alternative to attending the Meeting in person.

PERSONAL INFORMATION COLLECTION STATEMENT

Your supply of your and your proxy's (or proxies') name(s) and address(es) is on a voluntary basis for the purpose of processing your request for the appointment of a proxy (or proxies) and your voting instructions for the Meeting of the Company (the "Purposes"). We may transfer your and your proxy's (or proxies') name(s) and address(es) to our agent, contractor, or third party service provider who provides administrative, computer and other services to us for use in connection with the Purposes and to such parties who are authorized by law to request the information or are otherwise relevant for the Purposes and need to receive the information. Your and your proxy's (or proxies') name(s) and address(es) will be retained for such period as may be necessary to fulfil the Purposes. Request for access to and/or correction of the relevant personal data can be made in accordance with the provisions of the Personal Data (Privacy) Ordinance and any such request should be in writing by mail to the Company/Tricor Investor Services Limited at the above address.