Guinness Atkinson Global Energy Fund (GAGEX) N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08360

GUINNESS ATKINSON FUNDS

(Exact name of registrant as specified in charter)

c/o 2020 E. Financial Way, Suite 100

Glendora, California 91741

(Address of principal executive offices) (Zip code)

James J. Atkinson, Jr.

2020 E. Financial Way, Suite 100

Glendora, CA 91741

(Name and address of agent for service)

Copies to:

Susan Penry-Williams, Esq.

Kramer, Levin, Naftalis & Frankel LLP

919 Third Avenue

New York, NY 10022

(800) 915-6566

Registrant's telephone number, including area code

Date of fiscal year end: December 31

Date of reporting period: June 30, 2004

Vote Summary Report from 30/06/03 to 30/09/03.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON ASIA FOCUS FUND.
Mtg	Company/				Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Security	Rec	Cast	Date	Voted
28/08/03 AGM	Chen Hsong Holdings Ltd.			BMG208741063			N/A	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend of HK$ 0.11 Per Share			For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration			For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
28/08/03 EGM	Chen Hsong Holdings Ltd.			BMG208741063			8/25/2003	0
	1	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	3	Authorize Reissuance of Repurchased Shares			For
	4	Amend Articles Re: Editing of Clearing House Definition			For
	5	Adopt Company's Chinese Name			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
22/07/03 EGM	Huaneng Power International Inc.			CN0009115410			7/2/2003	0
	1	Approve Transfer Agreement Entered into by Huaneng Power International Inc and China Huaneng Group			For
	2	Approve Guarantee Agreements Entered into by China Huaneng Group and its Subsidiaries			For
	2	Approve Loan Borrowing Agreement Entered into by China Huaneng Group and Shanxi Huaneng Yushe Power Limited Liability Company			For
	2	Approve Deposit and Borrowing Agreements Entered Among Henan Huaneng Qinbei Power Generation Ltd, Shanxi Huaneng Yushe Power Ltd, China Huaneng Group Xindian Power Plant, and China Huaneng Finance Co			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
31/07/03 EGM	Korea Electric Power Corp			KR7015760002			6/30/2003	0
	1	Elect Directors			For
	2	Amend Articles of Incorporation Re: Preemptive Rights			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
30/07/03 AGM	Oriental Press Group Ltd.			HK0018000155			7/23/2003	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Divdiend of HK$0.07 Per Share and Special Dividend of HK$0.02 Per Share			For
	3	Reelect Directors and Fix Their Remuneration			For
	4	Reappoint Auditors and Fix Their Remuneration			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
30/07/03 EGM	Oriental Press Group Ltd.			HK0018000155			N/A	0
	1	Amend Memorandum of Association Re: Change in Reference and to Reflect the Capital of the Company			For
	2	Amend Articles of Association Re: Insertion of Technical Definitions and the Inclusion of Electronic Communication			For
	3	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	4	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	5	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
20/08/03 AGM	SURFACE MOUNT TECH			BMG8584Y1057			N/A	0
	1	Adopt Financial Statements and Directors' and Auditors' Reports			For
	2	Declare Final Dividend of HK$ 0.08 Per Share			For
	3	Approve Director's Fee of SGD 29,167 Payable to Antonio Chan for the Year Ended Mar. 31, 2003			For
	4	Approve Directors' Fee of SGD 167,500 Payable to Daniel Cuthbert Ee Hock Huat, Lim Jiew Keng and Antonio Chan for the Year Ending Mar. 31, 2004			For
	5	Reelect Lim Jiew Keng as Director			For
	6	Reelect Antonio Chan as Director			For
	7	Reappoint Deloitte & Touche as Auditors and Authorize Board to Fix Their Remuneration			For
	8	Approve Issuance of Shares without Preemptive Rights			For
	9	Approve Issuance of Shares and Grant of Options Pursuant to the Share Option Schemes I and II			For
	10	Authorize Share Repurchase Program			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
28/08/03 AGM	Texwinca Holdings Limited			BMG8770Z1068			N/A	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend of HK$0.14 Per Share			For
	3	Elect Directors and Authorize Board to Fix Their Remuneration			For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
28/08/03 EGM	Texwinca Holdings Limited			BMG8770Z1068			8/20/2003	0
	1	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	3	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
28/08/03 AGM	VICTORY CITY INTERNATIONALHOLDINGS LTD			BMG9358Q1463			N/A	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend of HK$0.04 Per Share by Way of Scrip Dividend with an Option to Receive Shares in Lieu of a Cash Payment			For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration			For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration			For
	5	Approve Issuance of Shares Pursuant to the Share Option Scheme			For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	8	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
29/08/03 EGM	VICTORY CITY INTERNATIONALHOLDINGS LTD			BMG9358Q1463			N/A	0
	1a	Approve Corporate Guarantee to be Executed by Each of Victory City Intl. Hldgs. Ltd. (the Company), Victory City Overseas Ltd. and Victory City Co. Ltd. for an Amount of Up to HK$50 Million in Favor of The Hongkong and Shanghai Banking Corp. Ltd.			For
	1b	Approve Corporate Guarantee to be Executed by the Company for an Amount of HK$10 Million and a Corporate Guarantee to be Executed by Victory City Overseas Ltd. for an Amount of Up to HK$50 Million Both in Favor of Hang Seng Bank Ltd.			For
	1c	Approve Corporate Guarantee to be Executed by the Company for an Amount of Up to HK$30 Million in Favor of Wing Hang Bank Ltd.			For
	1d	Approve Corporate Guarantee to be Executed by Each of the Company and Victory City Co. Ltd. for an Amount of Up to HK$40 Million in Favor of the Bank of East Asia, Ltd.			For
	1e	Approve Corporate Guarantee to be Executed by the Company for an Amount of Up to HK$50 Million in Favor of KBC Bank Hong Kong Branch			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0

Vote Summary Report from 30/09/03 to 31/12/03.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON ASIA FOCUS FUND.
Mtg	Company/				Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Security	Rec	Cast	Date	Voted
15/12/03 EGM	CHINA TELECOM CORP LTD			CN0007867483		With	11/14/2003	1,894,000
	1	Approve Acquisition of the Entire Issued Capital of Anhui Telecom, Fujian Telecom, Jiangxi Telecom, Guangxi Telecom, Chongqing Telecom and Sichuan Telecom and Certain Network Management, Research and Development Facilities			For	For
	2	Approve Connected Transaction with a Related Party			For	For
	3	Amend Articles Re: Update Service Areas of the Company			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		1,894,000
			Total Shares Voted:		1,894,000
27/11/03 EGM	Cycle & Carriage Ltd.			SG1B51001017		With	N/A	158,368
	1	Approve Change in Company Name to Jardine Cycle & Carriage Ltd.			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		158,368
			Total Shares Voted:		158,368
26/11/03 AGM	Esprit Holdings			BMG3122U1291			N/A	317,840
	1	Accept Financial Statements and Statutory Reports			For	For
	2	Approve Final Dividend			For	For
	3	Approve Special Dividend			For	For
	4	Reelect Directors			For	For
	5	Reappoint Auditors and Authorize Board to Fix Their Remuneration			For	For
	6	Approve Repurchase of Up to 10 Percent of Issued Capital			For	For
	7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For	Against
	8	Authorize Reissuance of Repurchased Shares			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		317,840
			Total Shares Voted:		317,840
24/12/03 EGM	Hon Hai Precision Industry			TW0002317005		With	11/24/2003	187,000
	1	Approve Merger Agreement with Ambit Microsystem Corp. Agreement			For	For
	2	Issue Shares in Connection with Merger with Ambit Microsystem Corp.			For	For
	3	Amend Articles of Association Re: Changes in Articles to Reflect Merger			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		187,000
			Total Shares Voted:		187,000
21/10/03 AGM	IOI Corporation Berhad			MYL1961OO001			N/A	0
	1	Accept Financial Statements and Statutory Reports for the Financial Year Ended June 30, 2003			For
	2	Elect Hj Mohd Khalil b Dato' Hj Mohd Noor as Director			For
	3	Elect Lee Cheng Leang as Director			For
	4	Elect Chan Fong Ann as Director			For
	5	Approve Remuneration of Directors			For
	6	Approve BDO Binder as Auditors and Authorize Board to Fix Their Remuneration			For
	7	Approve Issuance of Shares Pursuant to Executive Share Option Scheme			For
	8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights in Any Amount Up to Ten Percent of Issued Share Capital			For
	9	Authorize Repurchase of Up to Ten Percent of Issued Share Capital			For
	10	Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
23/10/03 EGM	IOI Corporation Berhad			MYL1961OO001		With	N/A	280,000
	1	Approve Acquisition of the Equity of B A Plantations Sdn Bhd for a Purchase Consideration of MYR99.82 Million to be Satisfied by MYR29.95 Million Cash and 13.44 Million New Ordinary Shares of MYR0.50 Each			For	For
	2	Approve Acquisition of the Entire Equity of Mayvin (Sabah) Sdn Bhd for a Purchase Consideration of MYR102.21 Million to be Satisfied by MYR30.66 Million Cash and 13.76 Million New Ordinary Shares of MYR0.50 Each			For	For
	3	Approve Acquisition of the Entire Equity of Pine Capital Sdn Bhd and Settlement of Shareholders' Advances of MYR6 Million for a Total of MYR122.51 Million to be Satisfied by MYR36.75 Million Cash and 16.49 Million New IOI Shares at MYR5.20 Per Share			For	For
	4	Approve Acquisition of the Entire Equity of Right Purpose for a Purchase Consideration of MYR125.98 Million to be Satisfied by MYR37.79 Million Cash and 16.96 Million New Ordinary Shares of MYR0.50 Each in IOI at MYR5.20 Per Share			For	For
	5	Approve Acquisition of the Entire Equity of Mayvin for a Purchase Consideration of MYR85.13 Million to be Satisfied by MYR25.54 Million Cash and 11.46 Million New Ordinary Shares of MYR0.50 Each in IOI at MYR5.20 Per Share			For	For
	6	Amend Bye-Laws of the IOI Executive Share Option Scheme			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		280,000
			Total Shares Voted:		280,000
21/11/03 EGM	Shanghai Petrochemical Co Ltd			CN0008871674		With	#######	2,282,000
	1	Approve Contract for Supply of Acrylonitrile Between Sinopec Shanghai Petrochemical Co. Ltd. and Shanghai Secco Petrochemical Co. Ltd.			For	For
	2	Approve Contract for Supply of Acrylonitrile Between Zhejiang Jinyong Acrylic Fiber Co. Ltd.			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		2,282,000
			Total Shares Voted:		2,282,000

Vote Summary Report from 31/12/03 to 31/03/04.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON ASIA FOCUS FUND.
Mtg	Company/				Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Security	Rec	Cast	Date	Voted
16/03/04 EGM	CNOOC LTD			HK0883009984		With	N/A	512,000
	1	Approve Subdivision of Every Issued and Unissued Share of HK$0.10 Each Into Five Shares of HK$0.02 Each			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		512,000
			Total Shares Voted:		512,000
23/02/04 EGM	Electricity Generating Public Co Ltd			TH0465010013			2/9/2004	0
	1	Approve Minutes of Previous AGM			For
	2	Amend Articles of Association			For
	3	Other Business			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
12/03/04 AGM	Hyundai Mobis			KR7012330007		With	12/31/2003	26,500
	1	Approve Appropriation of Income and Dividends of KRW 1250 Per Ordinary Share			For	For
	2	Amend Articles of Incorporation			For	For
	3	Elect Director(s)			For	For
	4	Elect Member(s) of Audit Committee			For	For
	5	Approve Limit on Remuneration of Directors			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		26,500
			Total Shares Voted:		26,500
18/03/04 AGM	KT&G Corp			KR7033780008			12/31/2003	0
	1	Approve Appropriation of Income and Dividends of KRW 1600 Per Share			For
	2	Amend Articles of Incorporation Re: Electronic Distribution of Meeting Notices, Create Position of Lead Director, Allow Participation in Board Meetings by Teleconference			For
	3	Appoint President (Kwak Young-Kyoon)			For
	4	Elect Two Executive Directors (Lee Kwang-Youl and Min Young-Jin)			For
	5	Elect One Outside Director (Cha Sun-Gak)			For
	6	Elect Five Members of Audit Committee			For
	7	Approve Limit on Remuneration of Directors			For
	8	Amend Terms of Severance Payments to Executive Directors			For
	9	Amend Terms of Severance Payments to Managerial Officers			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
12/03/04 AGM	POSCO			KR7005490008		With	12/31/2003	8,500
	1	Approve Appropriation of Income, with a Year-End Dividend of KRW 5000 Per Share			For	For
	2.1	Amend Articles of Incorporation Re: Cumulative Voting			For	For
	2.2	Amend Articles of Incorporation Re: Corporate Governance			For	For
	3.1.1	Elect Outside Director			For	For
	3.1.2	Elect Outside Director			For	For
	3.1.3	Elect Outside Director			For	For
	3.1.4	Elect Outside Director			For	For
	3.2.1	Elect Member of Audit Committee			For	For
	3.2.2	Elect Member of Audit Committee			For	For
	3.3.1	Elect Inside Director			For	For
	3.3.2	Elect Inside Director			For	For
	3.3.3	Elect Inside Director			For	For
	3.3.4	Elect Inside Director			For	For
	3.3.5	Elect Inside Director			For	For
	4	Approve Limit on Remuneration of Directors			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		8,500
			Total Shares Voted:		8,500
27/02/04 AGM	Samsung Electronics Co. Ltd.			KR7005930003		With	12/31/2003	8,560
	1	Approve Financial Statements and Appropriation of Income, with Total Dividend of KRW 5500 Per Share			For	For
	2.1	Elect Two Outside Directors			For	For
	2.2	Appoint One Member of Audit Committee			For	For
	2.3	Elect One Executive Director			For	For
	3	Approve Limit on Remuneration of Directors			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		8,560
			Total Shares Voted:		8,560
24/03/04 AGM	Siam Cement Co. Ltd.			TH0003010Z12		With	3/4/2004	158,000
	1	Approve Minutes of Previous AGM			For	For
	2	Accept Financial Statements and Statutory Reports			For	For
	3	Approve Allocation of Income and Final Dividend of Baht 3.5 per Share			For	For
	4	Elect Directors			For	For
	5	Approve Auditors and Authorize Board to Fix Their Remuneration			For	For
	6	Amend Articles of Association			For	For
	7	Approve Remuneration of Directors			For	For
	8	Other Business			For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		158,000
			Total Shares Voted:		158,000
24/02/04 AGM	Yue Yuen Industrial			BMG988031446			2/18/2004	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Dividends of HK$0.46 Per Share			For
	3	Elect Directors and Authorize Board to Fix Their Remuneration			For
	4	Appoint Auditors and Authorize Board to Fix Their Remuneration			For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	5c	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0

Vote Summary Report from 31/03/04 to 30/06/04.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON ASIA FOCUS FUND.
Mtg	Company/			Security/	Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Proponent	Rec	Cast	Date	Voted
17/06/04 AGM	Acer Inc.			TW0002353000		With	4/16/2004	594,510
	1	Receive Report on 2003 Business Operation Results
	1	Receive Report on Mergers and Acquisition
	1	Receive Report on Execution of Treasury Stocks
	1	Receive Report on Status of Endorsements and Guarantees
	2	Receive Supervisors' Report
	2	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Allocation of Income and Dividends		Mgmt	For	For
	2	Approve Issuance of New Shares		Mgmt	For	For
	2	Amend Articles of Association		Mgmt	For	For
	3	Amend Endorsement and Guarantee Operating Guidelines		Mgmt	For	For
	3	Other Business
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		594,510
			Total Shares Voted:		594,510
23/04/04 AGM	Advanced Info Service PCL			TH0268010Z11		With	4/5/2004	352,000
	1	Open Meeting
	2	Approve Minutes of Previous AGM		Mgmt	For	For
	3	Accept Report on Company Performance in 2003		Mgmt	For	For
	4	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	5	Elect Directors and Fix Their Remuneration		Mgmt	For	For
	6	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	7	Approve Allocation of Income and Dividends		Mgmt	For	For
	8	Approve Issuance of Nine Million Units of Warrants to Directors, Employees, and Advisors of the Company Under the ESOP Grant III		Mgmt	For	For
	9	Approve the Issuance of Nine Million Shares Reserved Exclusively for the Conversion of Warrants Under the ESOP Grant III		Mgmt	For	For
	10	Approve Issuance of Warrants to Directors, Employees and Advisors Exceeding Five Percent of the Total Issuance Under the ESOP Grant III		Mgmt	For	For
	11	Approve Issuance of 125,591 Shares Reserved Exclusively for the Conversion of Warrants Under ESOP Grant I & II		Mgmt	For	For
	12	Other Business		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		352,000
			Total Shares Voted:		352,000
12/05/04 AGM	Anhui Conch Cement Co			CN0009099507			4/13/2004	0
	1	Accept Directors' Report		Mgmt	For
	2	Accept Supervisors' Report		Mgmt	For
	3	Accept Financial Statements		Mgmt	For
	4	Approve Allocation of Income and Dividends		Mgmt	For
	5	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	6	Elect Directors and Supervisors and Fix Their Remuneration		Mgmt	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
29/06/04 EGM	Anhui Conch Cement Co			CN0009099507		With	5/28/2004	416,000
	1a	Approve Ongoing Connected Transactions with Shanghai Conch Construction Material Intl. Trading Co. Ltd.		Mgmt	For	For
	1b	Approve Ongoing Connected Transactions with Shanghai Conch Logistics Co. Ltd.		Mgmt	For	For
	2	Amend Articles Re: Guarantee to Controlling Shareholder and Related Parties, Voting at General Meetings, Nomination of Directors, Material Interest of Any Director, Supervisor, General Manager or Senior Management in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		416,000
			Total Shares Voted:		416,000
25/06/04 AGM	Brilliance China Automotive Holdings Ltd.			BMG1368B1028			6/18/2004	1,000,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend		Mgmt	For	For
	3a1	Reelect Hong Xing as Director		Mgmt	For	For
	3a2	Reelect He Tao as Director		Mgmt	For	For
	3a3	Reelect Wu Yong Cun as Director		Mgmt	For	For
	3a4	Reelect Lei Xiaoyang as Director		Mgmt	For	For
	3a5	Reelect Xu Bingjin as Director		Mgmt	For	For
	3b	Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Authorize Board to Appoint Auditors and Fix Their Remuneration		Mgmt	For	For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	6a	Amend Bylaws Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company, Nomination of Directors		Mgmt	For	For
	6b	Adopt New Bylaws		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		1,000,000
			Total Shares Voted:		1,000,000
26/04/04 AGM	British American Tobacco Bhd. (formerly Rothmans of Pall Mal			MYL4162OO003		With	N/A	46,000
	1	Accept Financial Statements and Statutory Reports for the Financial Year Ended Dec. 31, 2003		Mgmt	For	For
	2	Approve Final Dividend for the Financial Year Ended Dec. 31, 2003		Mgmt	For	For
	3	Elect Oh Chong Peng as Director		Mgmt	For	For
	4	Elect Phan Boon Siong as Director		Mgmt	For	For
	5	Elect Syed Hussain bin Syed Husman as Director		Mgmt	For	For
	6	Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights in Any Amount Up to Ten Percent of Issued Share Capital		Mgmt	For	For
	8	Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions		Mgmt	For	For
	9	Authorize Repurchase of Up to 10 Percent of Issued Share Capital		Mgmt	For	For
	10	Approve Disposal of Two Pieces of Freehold Land in Sungai Besi by Tobacco Blenders and Manufacturers Sdn Bhd to Shing Lam Huat Sdn Bhd		Mgmt	For	For
	11	Approve Grant of Option by Tobacco Blenders and Manufacturers Snd Bhd to BCM Holdings Sdn Bhd to Purchase Two Pieces of Land in Sungai Besi		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		46,000
			Total Shares Voted:		46,000
17/06/04 AGM	China Steel Corporation			TW0002002003			4/16/2004	0
	1	Receive Report on 2003 Business Operation Results
	1	Receive Supervisors' Report
	1	Receive Report on Endorsements and Guarantees
	2	Accept Financial Statements and Statutory Reports		Mgmt	For
	2	Approve Allocation of Income and Dividends		Mgmt	For
	2	Approve Capitalization of 2003 Dividends and Employee Profit Sharing		Mgmt	For
	2	Amend Articles of Association		Mgmt	For
	3	Amend Rules and Procedures of Shareholders Meeting		Mgmt	For
	3	Amend Nomination Procedures for the Board		Mgmt	For
	3	Amend Procedures Governing the Acquisition or Disposal of Assets		Mgmt	For
	3	Elect Directors and Supervisors		Mgmt	For
	3	Other Business		Mgmt	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
03/05/04 AGM	CHINA TELECOM CORP LTD			CN0007867483			4/2/2004	2,856,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.065 Per Share		Mgmt	For	For
	3	Approve Remuneration of Directors for the Year Ending Dec. 31, 2004		Mgmt	For	For
	4	Reappoint KPMG as International Auditors and KPMG Huazhen as Domestic Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	6	Approve Increase in Registered Capital		Mgmt	For	Abstain
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		2,856,000
			Total Shares Voted:		2,856,000
03/05/04 EGM	CHINA TELECOM CORP LTD			CN0007867483			4/2/2004	2,856,000
		Meeting For H Shareholders
	1	Approve Issuance and Allotment of Up to 8.3 Billion New H Shares		Mgmt	For	For
	2	Approve Increase in Registered Capital		Mgmt	For	For
	3	Approve Waiver by H Shareholders of Their Preemptive Rights Over Any or All of the New H Shares that may be Issued and Allotted Pursuant to the First Resolution		Mgmt	For	Against
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		2,856,000
			Total Shares Voted:		2,856,000
03/05/04 EGM	CHINA TELECOM CORP LTD			CN0007867483			4/2/2004	2,856,000
		Special Business
	1	Approve Issuance and Allotment of Up to 8.3 Billion New H Shares		Mgmt	For	For
	2	Approve Increase in Registered Capital		Mgmt	For	For
	3	Approve Waiver by H Shareholders of Their Preemptive Rights Over Any or All of the New H Shares that may be Issued and Allotted Pursuant to the First Resolution		Mgmt	For	Against
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		2,856,000
			Total Shares Voted:		2,856,000
09/06/04 EGM	CHINA TELECOM CORP LTD			CN0007867483		With	5/7/2004	2,856,000
	1	Approve Acquisition Agreement Between China Telecom Corp. Ltd. and China Telecommunications Corp.		Mgmt	For	For
	2	Approve Prospective Connected Transaction with a Related Party		Mgmt	For	For
	3	Amend Articles Re: Service Areas of the Company		Mgmt	For	For
	4	Amend Articles Re: Voting at General Meetings, Nomination of Directors		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		2,856,000
			Total Shares Voted:		2,856,000
28/04/04 AGM	CNOOC LTD			HK0883013259			N/A	2,560,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final and Special Cash Dividends		Mgmt	For	For
	3	Reelect Directors and Fix Their Remuneration		Mgmt	For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	8	Other Business (Voting)		Mgmt	For	For
	9	Amend Articles Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		2,560,000
			Total Shares Voted:		2,560,000
28/04/04 EGM	CNOOC LTD			HK0883013259			N/A	2,560,000
	1	Approve Connected Transaction with a Related Party		Mgmt	For	Against
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		2,560,000
			Total Shares Voted:		2,560,000
14/06/04 AGM	CNOOC LTD			HK0883013259			6/7/2004	0
	1	Accept Financial Statements and Statutory Reports		Mgmt	For
	2a	Reelect Shouwei Zhou as Executive Director		Mgmt	For
	2b	Reelect Kenneth S. Courtis as Independent Non-Executive Director		Mgmt	For
	2c	Reelect Erwin Schurtenberger as Independent Non-Executive Director		Mgmt	For
	2d	Reelect Evert Henkes as Independent Non-Executive Director		Mgmt	For
	3	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	4	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For
	5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For
	6	Authorize Reissuance of Repurchased Shares		Mgmt	For
		Special Business
	1	Amend Articles Re: Voting at General Meetings, Nomination and Removal of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
10/05/04 AGM	Denway Motors Ltd			HK0203009524			4/30/2004	1,446,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.06 Per Share and Special Dividend of HK$0.08 Per Share		Mgmt	For	For
	3	Reelect Zhang Fangyou, Chen Xuejun and Zeng Qinghong as Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Increase in Authorized Capital from HK$400 Million to HK$1 Billion by the Creation of 6 Billion Shares of HK$0.10 Each		Mgmt	For	For
	6	Authorize Capitalization of Reserves for Bonus Issue		Mgmt	For	For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	9	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	10	Amend Articles Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company, Nomination and Removal of Directors		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		1,446,000
			Total Shares Voted:		1,446,000
26/04/04 AGM	Electricity Generating Public Co Ltd			TH0465010013		With	4/5/2004	362,500
	1	Approve Minutes of Previous EGM		Mgmt	For	For
	2	Accept Directors' Report		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Allocation of Income and Final Dividend of Baht 1.50 per Share		Mgmt	For	For
	5	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	6	Amend Articles of Association		Mgmt	For	For
	7	Elect Directors and Fix Their Remuneration		Mgmt	For	For
	8	Other Business		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		362,500
			Total Shares Voted:		362,500
04/05/04 AGM	Global Bio-Chem Technology Group Co. Ltd.			KYG3919S1057			N/A	914,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend		Mgmt	For	For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Issuance of Warrants		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	9	Amend Articles Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		914,000
			Total Shares Voted:		914,000
29/04/04 AGM	GOODPACK			SG1I78884307			N/A	620,000
	1	Adopt Financial Statements and Directors' and Auditors' Reports		Mgmt	For	For
	2	Declare Final Tax Exempt One-Tier Dividend of SGD 0.01 Per Share and Special Tax Exempt Dividend of SGD 0.008 Per Share		Mgmt	For	For
	3	Approve Directors' Fees of SGD 60,000 for the Year Ended Dec. 31, 2003		Mgmt	For	For
	4	Reelect Liew Yew Pin as Director		Mgmt	For	For
	5	Reelect Wong Weng Foo as Director		Mgmt	For	For
	6	Reappoint Deloitte & Touche as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	7	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
	8	Approve Issuance of Shares and Grant of Options Pursuant to the Performance Share Option Scheme		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		620,000
			Total Shares Voted:		620,000
29/04/04 EGM	GOODPACK			SG1I78884307			N/A	620,000
	1	Approve Stock Option Plan Grant to Lam Choon Sen David @ Lam Kwok Kwong		Mgmt	For	Against
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		620,000
			Total Shares Voted:		620,000
10/06/04 AGM	Hon Hai Precision Industry			TW0002317005			4/9/2004	0
	1	Receive Report on 2003 Business Operation Results
	1	Receive Supervisors' Report
	1	Receive Report on Indirect Investment
	1	Receive Report on Overseas Convetible Bonds
	2	Receive Report on Mergers and Acquisition
	2	Receive Other Reports
	2	Accept Financial Statements and Statutory Reports		Mgmt	For
	2	Approve Allocation of Income and Dividends		Mgmt	For
	2	Approve Capitalization of 2003 Dividends and Employee Profit Sharing		Mgmt	For
	2	Approve New Rights Issue to Sponsor Depository Receipts Offering		Mgmt	For
	3	Amend Articles of Association		Mgmt	For
	3	Elect Directors and Supervisors		Mgmt	For
	3	Approve Release of Restrictions of Competitive Activities of Directors		Mgmt	For
	3	Other Business
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
28/05/04 AGM	HSBC Holdings Plc			GB0005405286		With	N/A	30,400
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2a	Re-elect Lord Butler as Director		Mgmt	For	For
	2b	Re-elect Baroness Lydia Dunn as Director		Mgmt	For	For
	2c	Elect Rona Fairhead as Director		Mgmt	For	For
	2d	Re-elect William Fung as Director		Mgmt	For	For
	2e	Elect Michael Geoghegan as Director		Mgmt	For	For
	2f	Re-elect Sharon Hintze as Director		Mgmt	For	For
	2g	Re-elect John Kemp-Welch as Director		Mgmt	For	For
	2h	Re-elect Sir Mark Moody-Stuart as Director		Mgmt	For	For
	2i	Re-elect Helmut Sohmen as Director		Mgmt	For	For
	3	Re-appoint KPMG Audit Plc as Auditors and Authorise Board to Fix Remuneration of Auditors		Mgmt	For	For
	4	Approve Remuneration Report		Mgmt	For	For
	5	Authorise 1,099,900,000 Ordinary Shares for Market Purchase		Mgmt	For	For
	6	Auth. Issuance of Non-Cumulative Pref. Shares with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 100,000, USD 100,000 and EUR 100,000; and Auth. Issuance of Ord. Shares with Pre-emptive Rights up to Aggregate Nominal Amount of USD 1,099,900,000 º,v		Mgmt	For	For
	7	Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 274,975,000		Mgmt	For	For
	8	Approve Increase in Remuneration of Non-Executive Directors from GBP 35,000 to GBP 55,000 Per Annum		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		30,400
			Total Shares Voted:		30,400
11/05/04 AGM	Huaneng Power International Inc.			CN0009115410			4/8/2004	0
	1	Accept Directors' Report		Mgmt	For
	2	Accept Supervisors' Report		Mgmt	For
	3	Accept Financial Statements		Mgmt	For
	4	Approve PricewaterhouseCoopers Zhong Tien CPAs and PricewaterhouseCoopers as Domestic and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For
	5	Approve Remuneration of Independent Directors		Mgmt	For
	6	Approve Allocation of Income and Dividends		Mgmt	For
	7	Approve Capitalization of Capital Reserve and Retained Earning		Mgmt	For
	8	Amend Articles of Association		Mgmt	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
15/06/04 EGM	Huaneng Power International Inc.			CN0009115410			5/14/2004	504,000
	1	Approve Acquisition of 40 Percent Interest in Hebei Hanfeng Power Generation Limited Liability Co. and 90 Percent Interest in Jinggangshan Huaneng Power Generation Limited Liability Co. and Agreement for the Transfer of Huaneng Group Interest		Mgmt	For	For
	2	Approve Acquisition of Huaneng Hunan Yueyang Power Generation Limited Liability Co., Huaneng Chongqing Luohuang Power Generation Limited Liability Co. and the Entire Assets and Liabilities of Huaneng Intl. Power Devt. Corp. Yingkou Branch Co.		Mgmt	For	For
	3	Approve Guarantee Arrangements and Agreements Between Hebei Hanfeng Power Generation Limited Liability Co., Jinggangshan Huaneng Power Generation Limited Liability Co. and China Huaneng Group		Mgmt	For	For
	4	Approve Entrusted Loan Arrangement Between Huaneng Hunan Yueyang Power Generation Limited Liability Co., Huaneng Intl. Power Devt. Corp. and China Huaneng Finance Co.		Mgmt	For	For
	5	Approve Loan and Deposit Arrangement Between Jinggangshan Huaneng Power Generation Limited Liability Co. and China Huaneng Finance Co.		Mgmt	For	Against
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		504,000
			Total Shares Voted:		504,000
28/05/04 EGM	INI Steel Co. (frmrly. Inchon Iron Steel)			KR7004020004			4/30/2004	0
	1	Elect Director		Mgmt	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
29/04/04 AGM	Jardine Cycle & Carriage Ltd			SG1B51001017			N/A	158,368
	1	Adopt Financial Statements and Directors' and Auditors' Reports		Mgmt	For	For
	2	Declare Final Dividend of $0.07 Per Share		Mgmt	For	For
	3	Approve Directors' Fees of SGD 576,000 for the Year Ending Dec. 31, 2004		Mgmt	For	For
	4a	Reelect Philip Eng Heng Nee as Director		Mgmt	For	For
	4b	Reelect Chang See Hiang as Director		Mgmt	For	For
	4c	Reelect Hassan Abas as Director		Mgmt	For	For
	5	Reelect James Watkins as Director		Mgmt	For	For
	6a	Reelect Alan Yeo Chee Yeow as Director		Mgmt	For	For
	6b	Reelect Owen Phillimore Howell-Price as Director		Mgmt	For	For
	7	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	8	Other Business (Voting)		Mgmt	For	For
	9a	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
	9b	Authorize Share Repurchase Program		Mgmt	For	For
	9c	Approve Mandate for Transactions with Related Parties		Mgmt	For	For
	9d	Approve Issuance of Shares and Grant of Options Pursuant to the Executives' Share Option Scheme 2000		Mgmt	For	For
	9e	Approve Scrip Dividend Scheme		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		158,368
			Total Shares Voted:		158,368
02/04/04 AGM	Kasikornbank PCL (formerly Thai Farmers Bank)			TH0016010017		With	3/12/2004	689,700
	1	Approve Minutes of Previous AGM		Mgmt	For	For
	2	Accept Directors' Report		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Compensation of the Accumulated Losses of the Company		Mgmt	For	For
	5	Elect Directors		Mgmt	For	For
	6	Amend Articles of Association Re: Board of Directors		Mgmt	For	For
	7	Approve Names and Number of Directors Who Have Signing Authority		Mgmt	For	For
	8	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	9	Amend Memorandum and Articles of Association		Mgmt	For	For
	10	Approve Reduction in Registered Capital to Baht 24 Billion		Mgmt	For	For
	11	Approve Increase in Registered Capital to Baht 30.5 Billion		Mgmt	For	For
	12	Other Business		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		689,700
			Total Shares Voted:		689,700
09/06/04 AGM	MEDIA TEK INCORP			TW0002454006			4/9/2004	0
	1	Receive Report on 2003 Business Operation Results
	1	Receive Supervisors' Report
	2	Accept Financial Statements and Statutory Reports		Mgmt	For
	2	Approve Allocation of Income and Dividends		Mgmt	For
	3	Approve Capitalization of 2003 Dividends and Employee Profit Sharing		Mgmt	For
	3	Amend Articles of Association		Mgmt	For
	4	Other Business
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
20/04/04 AGM	Neptune Orient Lines			SG1F90001388			N/A	0
	1	Adopt Financial Statements and Directors' and Auditors' Reports		Mgmt	For
	2	Declare Final Dividend of SGD 0.038 Per Share		Mgmt	For
	3	Approve Nonexecutive Directors' Fees of SGD 1.32 Million		Mgmt	For
	4	Reelect Cheng Wai Keung as Director		Mgmt	For
	5	Reelect Lim How Teck as Director		Mgmt	For
	6	Reelect Yasumasa Mizushima as Director		Mgmt	For
	7	Reelect Ang Kong Hua as Director		Mgmt	For
	8	Reelect Willie Cheng Jue Hiang as Director		Mgmt	For
	9	Reelect David Lim Tik En as Director		Mgmt	For
	10	Reelect Gan Chee Yen as Director		Mgmt	For
	11	Reelect Robert Holland Jr. as Director		Mgmt	For
	12	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	13	Approve Mandate for Transactions with Related Parties		Mgmt	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
20/04/04 EGM	Neptune Orient Lines			SG1F90001388			N/A	0
	1	Approve Reduction in Authorized Capital Through the Cancellation of Unissued Nonvoting Participative Redeemable Nonconvertible Preference Shares		Mgmt	For
	2	Amend Articles 5 and 7A of the Articles of Association of the Company		Mgmt	For
	3	Amend Articles of Association		Mgmt	For
	4	Approve Issuance of Shares without Preemptive Rights		Mgmt	For
	5	Amend Share Option Plan		Mgmt	For
	6	Approve Performance Share Plan 2004		Mgmt	For
	7	Authorize Share Repurchase Program		Mgmt	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		0
			Total Shares Voted:		0
01/06/04 AGM	NOVATEK MICROELECT TWD10			TW0003034005		With	4/2/2004	164,000
	1	Receive Report on 2003 Business Operation Result
	1	Receive Supervisors' Report
	1	Receive Report on Mergers and Acquisition
	1	Receive Report on the Revisions to the 2002 Employee Stock Options Plan
	2	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Allocation of Income and Dividends		Mgmt	For	For
	3	Approve Capitalization of 2003 Dividends and Employee Profit Sharing		Mgmt	For	For
	4	Other Business
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		164,000
			Total Shares Voted:		164,000
18/05/04 AGM	Petrochina Co. Ltd.			CN0009365379			4/16/2004	1,662,000
	1	Approve Report of the Directors		Mgmt	For	For
	2	Approve Report of the Supervisory Committee		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Final Dividends of RMB0.079 Per Share		Mgmt	For	For
	5	Authorize Board to Determine the Distribution of Interim Dividend for the Year 2004		Mgmt	For	For
	6	Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian CPAs Limited Company, as International and Domestic Auditors, Respectively, and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	7a	Reelect Chen Geng as Director		Mgmt	For	For
	7b	Elect Zhou Jiping as Director		Mgmt	For	For
	7c	Elect Duan Wende as Director		Mgmt	For	For
	8a	Elect Sun Xianfeng as Supervisor		Mgmt	For	For
	8b	Elect Xu Fengli as Supervisor		Mgmt	For	For
	9	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		1,662,000
			Total Shares Voted:		1,662,000
28/04/04 AGM	PTT Exploration & Production			TH0355010Z16		With	4/8/2004	94,000
	1	Approve Minutes of Previous AGM		Mgmt	For	For
	2	Approve Financial Statements, Allocation of Income and Dividends		Mgmt	For	For
	3	Elect Directors and Fix Their Remuneration		Mgmt	For	For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Reallocation of 2.4 Million Shares		Mgmt	For	For
	6	Approve Issuance of 800,000 Units of Warrants to Directors, Employees, and Advisors of the Company		Mgmt	For	For
	7	Approve Issuance of Two Million Units of Warrants to Directors, Employees, and Advisors of the Company		Mgmt	For	For
	8	Approve Allocation of 800,000 Ordinary Shares		Mgmt	For	For
	9	Approve Allocation of Two Million Ordinary Shares		Mgmt	For	For
	10	Other Business		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		94,000
			Total Shares Voted:		94,000
18/06/04 AGM	Sinopec Shanghai Petrochemical Co. (formerly Shanghai Petroc			CN0008871674		With	5/17/2004	1,420,000
	1	Approve Report of the Directors		Mgmt	For	For
	2	Approve Report of the Supervisory Committee		Mgmt	For	For
	3	Approve Financial Statements and 2004 Budget		Mgmt	For	For
	4	Approve Final Dividend		Mgmt	For	For
	5	Reappoint KPMG Huazhen and KPMG as Domestic and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	6	Approve Resignation of Xu Kaicheng, Feng Jianping, Jiang Baoxing and Li Weichang as Directors and Elect Du Chongjun, Han Zhihao, Wu Haijun and Gao Jinping as Directors; Approve Resignation of Du Chongjun as Supervisor and Elect Dai Shuming as Supervisor		Mgmt	For	For
	7	Amend Articles Re: Voting and Resolutions at General Meetings, Compostion of Directors and Supervisory Committee, Nomination of Directors and Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
	8	Amend Articles Re: Board Composition		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		1,420,000
			Total Shares Voted:		1,420,000
11/05/04 AGM	Taiwan Semiconductor Manufacturing Co.			TW0002330008		With	3/12/2004	735,400
	1	Receive Report on Business Operation Results for Fiscal Year 2003
	1	Receive Supervisors' Report
	1	Receive Report on the Acquisition and Disposal of Assets
	1	Receive Report on Endorsments and Guarantees
	2	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Allocation of Income and Cash Dividend of NTD 0.60 per Share and Stock Dividend of 140 Shares per 1000 Shares Held		Mgmt	For	For
	2	Approve Capitalization of 2003 Dividends and Employee Profit Sharing		Mgmt	For	For
	3	Other Business
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		735,400
			Total Shares Voted:		735,400
28/05/04 AGM	Techtronic Industries			HK0669002195			N/A	399,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.1775 Per Share		Mgmt	For	For
	3a	Reelect Roy Chi Ping Chung as Group Executive Director		Mgmt	For	For
	3b	Reelect Kin Wah Chan as Group Executive Director			For	For
	3c	Reelect Joel Arthur Schleicher as Independent Non-Executive Director			For	For
	3d	Authorize Board to Fix Their Remuneration			For	For
	4	Reappoint Deloitte Touche Tohmatsu as Auditors and Fix Their Remuneration		Mgmt	For	For
	5	Approve Increase in Authorized Capital from HK$160 Million to HK$240 Million by the Creation of 400 Million Shares of HK$0.2 Each		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	9	Amend Articles Re: Postponement and Voting at General Meetings, Appointment of Alternate Director, Material Interest of Directors in Contracts Entered into by the Company, Electronic Communication, Indemnification of Directors and Officers of the Company		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		399,000
			Total Shares Voted:		399,000
28/05/04 EGM	Techtronic Industries			HK0669002195		With	N/A	399,000
	1	Approve Grant of Options to Horst Julius Pudwill and Roy Chi Ping Chung to Subscribe for Ordinary Shares in the Capital of the Company Pursuant to the Share Option Scheme		Mgmt	For	For
	2	Approve Stock Split of Every Share of HK$0.2 in the Capital of the Company into Two Shares of HK$0.1 Each		Mgmt	For	For
	3	Amend Articles to Reflect Changes in Capital		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		399,000
			Total Shares Voted:		399,000
28/04/04 AGM	TISCO Finance PCL (Thai Investment & Security )			TH0597010014		With	4/7/2004	383,000
	1	Approve Minutes of Previous AGM		Mgmt	For	For
	2	Accept Directors' Report		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Allocation of Income and Dividend of Baht 0.65 per Share		Mgmt	For	For
	5	Re-elect Directors		Mgmt	For	For
	6	Elect New Director		Mgmt	For	For
	7	Approve Remuneration of Directors		Mgmt	For	For
	8	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	9	Approve Issuance of 5.3 Million Units of Warrants to Directors, Employees, and Advisors of the Company		Mgmt	For	For
	10	Other Business		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		383,000
			Total Shares Voted:		383,000
30/04/04 AGM	Venture Corporation Ltd			SG0531000230			N/A	20,000
	1	Adopt Financial Statements and Directors' and Auditors' Reports		Mgmt	For	For
	2	Declare Final and Bonus Dividends		Mgmt	For	For
	3	Reelect Soo Eng Hiong as Director		Mgmt	For	For
	4	Reelect Goh Geok Ling as Director		Mgmt	For	For
	5	Reelect Goon Kok Loon as Director		Mgmt	For	For
	6	Reelect Cecil Vivian Richard Wong as Director		Mgmt	For	For
	7	Approve Directors' Fees of SGD 86,000		Mgmt	For	For
	8	Reappoint Deloiotte & Touche as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	9	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
	10	Approve Issuance of Shares and Grant of Options Pursuant to the Venture Manufacturing (Singapore) Ltd. Executives' Share Option Scheme		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		20,000
			Total Shares Voted:		20,000
30/04/04 EGM	Venture Corporation Ltd			SG0531000230			N/A	20,000
	1	Amend Articles of Association		Mgmt	For	For
	2	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
	3	Adopt Venture Corporation Executives' Share Option Scheme		Mgmt	For	For
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		20,000
			Total Shares Voted:		20,000
25/06/04 AGM	Yanzhou Coal Mining Company Limited			CN0009131243			5/25/2004	1,366,000
	1	Accept Directors' Report		Mgmt	For	For
	2	Accept Supervisors' Report		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Allocation of Income and Dividends		Mgmt	For	For
	5	Approve Remuneration of Directors and Supervisors		Mgmt	For	For
	6	Elect Wang Xin, Wang XinKun, and Wang Quanxi as Directors		Mgmt	For	For
	7	Approve Deloitte Touche Tohmatsu in Hong Kong and Deloitte Touche Tohmatsu CPAs in PRC as International and Domestic Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
		Special Business
	8	Amend Articles of Association		Mgmt	For	For
	9	Approve Issuance of New Shares		Mgmt	For	Against
		Ordinary Business
	10	Other Business		Mgmt	For	Abstain
			Fund Name		Shares
			03504 GUINNESS ATKINSON ASIA FOCUS FUND		1,366,000
			Total Shares Voted:		1,366,000

Vote Summary Report from 30/06/03 to 30/09/03.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON CHINA & HONG KONG FUND.
Mtg	Company/				Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Security	Rec	Cast	Date	Voted
28/08/03 AGM	Chen Hsong Holdings Ltd.			BMG208741063			N/A	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend of HK$ 0.11 Per Share			For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration			For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
28/08/03 EGM	Chen Hsong Holdings Ltd.			BMG208741063			8/25/2003	0
	1	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	3	Authorize Reissuance of Repurchased Shares			For
	4	Amend Articles Re: Editing of Clearing House Definition			For
	5	Adopt Company's Chinese Name			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
16/07/03 EGM	Hopewell Holdings Ltd.			HK0054007841			N/A	0
	1	Approve Spin-Off of the Shares in Hopewell Highway Infrastructure Ltd.			For
	2	Approve Share Option Scheme of Hopewell Highway Infrastructure Ltd.			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
22/07/03 EGM	Huaneng Power International Inc.			CN0009115410			7/2/2003	0
	1	Approve Transfer Agreement Entered into by Huaneng Power International Inc and China Huaneng Group			For
	2	Approve Guarantee Agreements Entered into by China Huaneng Group and its Subsidiaries			For
	2	Approve Loan Borrowing Agreement Entered into by China Huaneng Group and Shanxi Huaneng Yushe Power Limited Liability Company			For
	2	Approve Deposit and Borrowing Agreements Entered Among Henan Huaneng Qinbei Power Generation Ltd, Shanxi Huaneng Yushe Power Ltd, China Huaneng Group Xindian Power Plant, and China Huaneng Finance Co			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
21/07/03 AGM	Johnson Electric Holdings Ltd.			BMG5150J1403			7/16/2003	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend of HK$0.09 Per Share			For
	3	Reelect Directors			For
	4	Approve Remuneration of Directors			For
	5	Reappoint Auditors and Authorize Board to Fix Their Remuneration			For
	6	Fix Maximum Board Size at 15 and Authorize Directors to Elect or Appoint Additional Directors Up to the Maximum Number			For
	7a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	7b	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	7c	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
30/07/03 AGM	Oriental Press Group Ltd.			HK0018000155			7/23/2003	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Divdiend of HK$0.07 Per Share and Special Dividend of HK$0.02 Per Share			For
	3	Reelect Directors and Fix Their Remuneration			For
	4	Reappoint Auditors and Fix Their Remuneration			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
30/07/03 EGM	Oriental Press Group Ltd.			HK0018000155			N/A	0
	1	Amend Memorandum of Association Re: Change in Reference and to Reflect the Capital of the Company			For
	2	Amend Articles of Association Re: Insertion of Technical Definitions and the Inclusion of Electronic Communication			For
	3	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	4	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	5	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
20/08/03 AGM	SURFACE MOUNT TECH			BMG8584Y1057			N/A	0
	1	Adopt Financial Statements and Directors' and Auditors' Reports			For
	2	Declare Final Dividend of HK$ 0.08 Per Share			For
	3	Approve Director's Fee of SGD 29,167 Payable to Antonio Chan for the Year Ended Mar. 31, 2003			For
	4	Approve Directors' Fee of SGD 167,500 Payable to Daniel Cuthbert Ee Hock Huat, Lim Jiew Keng and Antonio Chan for the Year Ending Mar. 31, 2004			For
	5	Reelect Lim Jiew Keng as Director			For
	6	Reelect Antonio Chan as Director			For
	7	Reappoint Deloitte & Touche as Auditors and Authorize Board to Fix Their Remuneration			For
	8	Approve Issuance of Shares without Preemptive Rights			For
	9	Approve Issuance of Shares and Grant of Options Pursuant to the Share Option Schemes I and II			For
	10	Authorize Share Repurchase Program			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
28/08/03 AGM	Texwinca Holdings Limited			BMG8770Z1068			N/A	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend of HK$0.14 Per Share			For
	3	Elect Directors and Authorize Board to Fix Their Remuneration			For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
28/08/03 EGM	Texwinca Holdings Limited			BMG8770Z1068			8/20/2003	0
	1	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	3	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
28/08/03 AGM	VICTORY CITY INTERNATIONALHOLDINGS LTD			BMG9358Q1463			N/A	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend of HK$0.04 Per Share by Way of Scrip Dividend with an Option to Receive Shares in Lieu of a Cash Payment			For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration			For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration			For
	5	Approve Issuance of Shares Pursuant to the Share Option Scheme			For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	8	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
29/08/03 EGM	VICTORY CITY INTERNATIONALHOLDINGS LTD			BMG9358Q1463			N/A	0
	1a	Approve Corporate Guarantee to be Executed by Each of Victory City Intl. Hldgs. Ltd. (the Company), Victory City Overseas Ltd. and Victory City Co. Ltd. for an Amount of Up to HK$50 Million in Favor of The Hongkong and Shanghai Banking Corp. Ltd.			For
	1b	Approve Corporate Guarantee to be Executed by the Company for an Amount of HK$10 Million and a Corporate Guarantee to be Executed by Victory City Overseas Ltd. for an Amount of Up to HK$50 Million Both in Favor of Hang Seng Bank Ltd.			For
	1c	Approve Corporate Guarantee to be Executed by the Company for an Amount of Up to HK$30 Million in Favor of Wing Hang Bank Ltd.			For
	1d	Approve Corporate Guarantee to be Executed by Each of the Company and Victory City Co. Ltd. for an Amount of Up to HK$40 Million in Favor of the Bank of East Asia, Ltd.			For
	1e	Approve Corporate Guarantee to be Executed by the Company for an Amount of Up to HK$50 Million in Favor of KBC Bank Hong Kong Branch			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0

Vote Summary Report from 30/09/03 to 31/12/03.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON CHINA & HONG KONG FUND.
Mtg	Company/				Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Security	Rec	Cast	Date	Voted
17/10/03 EGM	China Merchants Holdings (International) Ltd.			HK0144000764			N/A	0
	1	Approve Acquisition of Shekou Land			For
	2	Approve Acquisition of Zhangzhou Joint Venture Company			For
	3	Approve Sale of 17.32 Percent Interest in China Merchants Shekou Hldgs. Co., Ltd.			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
15/10/03 EGM	China Petroleum & Chemical Inc.			CN0005789556			9/15/2003	0
	1	Authorize Issuance of 03 Sinopec Bonds Amounting to Approximately RMB3.5 Billion			For
	2	Authorize Board to Deal with All Matters in Connection with the Bond Issuance			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
18/12/03 EGM	China Petroleum & Chemical Inc.			CN0005789556		With	N/A	2,100,000
	1	Approve Major Ongoing Connected Transactions			For	For
	2	Approve Deminimus Ongoing Connected Transactions			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		2,100,000
			Total Shares Voted:		2,100,000
15/12/03 EGM	CHINA TELECOM CORP LTD			CN0007867483		With	11/14/2003	4,700,000
	1	Approve Acquisition of the Entire Issued Capital of Anhui Telecom, Fujian Telecom, Jiangxi Telecom, Guangxi Telecom, Chongqing Telecom and Sichuan Telecom and Certain Network Management, Research and Development Facilities			For	For
	2	Approve Connected Transaction with a Related Party			For	For
	3	Amend Articles Re: Update Service Areas of the Company			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		4,700,000
			Total Shares Voted:		4,700,000
29/10/03 EGM	Cosco Pacific Limited			BMG2442N1048		With	N/A	2,329,000
	1	Approve Capital Increase and Transfer Agreement, Joint Venture Contract, Non-Competition Deed and Letter of Guarantee			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		2,329,000
			Total Shares Voted:		2,329,000
26/11/03 AGM	Esprit Holdings			BMG3122U1291			N/A	1,517,071
	1	Accept Financial Statements and Statutory Reports			For	For
	2	Approve Final Dividend			For	For
	3	Approve Special Dividend			For	For
	4	Reelect Directors			For	For
	5	Reappoint Auditors and Authorize Board to Fix Their Remuneration			For	For
	6	Approve Repurchase of Up to 10 Percent of Issued Capital			For	For
	7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For	Against
	8	Authorize Reissuance of Repurchased Shares			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,517,071
			Total Shares Voted:		1,517,071
27/10/03 EGM	FAR EAST PHARMACEUTICAL TECHNOLOGY			KYG3313M1006		With	N/A	310,000
	1	Approve Stock Split of Every Share of HK$0.1 into Four Shares of HK$0.025 Each			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		310,000
			Total Shares Voted:		310,000
18/12/03 AGM	FAR EAST PHARMACEUTICAL TECHNOLOGY			KYG3313M1006			12/11/2003	0
	1	Accept Financial Statements and Statutory Reports			For	For
	2	Approve Final Dividend			For	For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration			For	For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration			For	For
	5	Approve Repurchase of Up to 10 Percent of Issued Capital			For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For	Against
	7	Authorize Reissuance of Repurchased Shares			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
18/12/03 AGM	FAR EAST PHARMACEUTICAL TECHNOLOGY			KYG3313M1261 KYG3313M1345			12/11/2003	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Final Dividend			For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration			For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration			For
	5	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	7	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
21/10/03 AGM	Hopewell Holdings Ltd.			HK0054007841			10/13/2003	200,000
	1	Accept Financial Statements and Statutory Reports			For	For
	2	Approve Final Dividend			For	For
	3	Reelect Directors and Fix Their Remuneration			For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration			For	For
	5a	Approve Repurchase of Up to 10 Percent of Issued Capital			For	For
	5b	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For	Against
	5c	Authorize Reissuance of Repurchased Shares			For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		200,000
			Total Shares Voted:		200,000
21/10/03 EGM	Hopewell Holdings Ltd.			HK0054007841			N/A	0
	1	Approve Stock Option Plan Grants Under the Existing Share Option Scheme to Gordon Ying Sheung Wu and Eddie Ping Chang Ho			For
	2	Approve New Share Option Scheme and Termination of Existing Share Option Scheme			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
21/11/03 EGM	Shanghai Petrochemical Co Ltd			CN0008871674		With	10/22/2003	3,320,000
	1	Approve Contract for Supply of Acrylonitrile Between Sinopec Shanghai Petrochemical Co. Ltd. and Shanghai Secco Petrochemical Co. Ltd.			For	For
	2	Approve Contract for Supply of Acrylonitrile Between Zhejiang Jinyong Acrylic Fiber Co. Ltd.			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		3,320,000
			Total Shares Voted:		3,320,000
05/12/03 EGM	Travelsky Technology			CN0006030588		With	N/A	380,000
	1	Elect 15 Directors for the Second Board of the Company for a Term of Three Years and Authorize Board to Fix Their Remuneration			For	For
	2	Elect Eight Supervisors for the Second Supervisory Committee of the Company for a Term of Three Years and Authorize Board to Fix Their Remuneration			For	For
	3	Approve Ongoing Connected Transactions			For	For
	4	Amend Articles Re: Shareholding Information			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		380,000
			Total Shares Voted:		380,000
27/12/03 EGM	Zhenhai Refining & Chemical Co Ltd			CN0008934001			11/27/2003	0
	1	Approve Ongoing Transactions with Yizheng			For
	2	Authorize Board to Ratify and Execute Approved Resolutions			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0

Vote Summary Report from 31/12/03 to 31/03/04.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON CHINA & HONG KONG FUND.
Mtg	Company/				Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Security	Rec	Cast	Date	Voted
09/03/04 EGM	China Shipping Development			CN0008932385		With	2/6/2004	1,876,000
	1	Approve Agreement Between China Shipping Devt. Co. Ltd and China Shipping (Group) Co.			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,876,000
			Total Shares Voted:		1,876,000
16/03/04 EGM	CNOOC LTD			HK0883009984		With	N/A	2,731,000
	1	Approve Subdivision of Every Issued and Unissued Share of HK$0.10 Each Into Five Shares of HK$0.02 Each			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		2,731,000
			Total Shares Voted:		2,731,000
05/02/04 AGM	Fountain Set (Holdings) Ltd.			HK0420001817		With	N/A	3,186,000
	1	Accept Financial Statements and Statutory Reports			For	For
	2	Approve Final Dividend			For	For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration			For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration			For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		3,186,000
			Total Shares Voted:		3,186,000
05/02/04 EGM	Fountain Set (Holdings) Ltd.			HK0420001817			N/A	0
	1	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	3	Authorize Reissuance of Repurchased Shares			For
	4	Amend Articles Re: Recognized Clearing House, Inclusion of Electronic Communication, and Other Technical Definitions			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
24/02/04 AGM	Yue Yuen Industrial			BMG988031446			2/18/2004	0
	1	Accept Financial Statements and Statutory Reports			For
	2	Approve Dividends of HK$0.46 Per Share			For
	3	Elect Directors and Authorize Board to Fix Their Remuneration			For
	4	Appoint Auditors and Authorize Board to Fix Their Remuneration			For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights			For
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital			For
	5c	Authorize Reissuance of Repurchased Shares			For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0

Vote Summary Report from 31/03/04 to 30/06/04.
Sorted by Company Name.
In All Markets, for all statuses, for GUINNESS ATKINSON CHINA & HONG KONG FUND.
Mtg	Company/			Security/	Mgmt	Vote	Record	Shares
Date/Type	Ballot Issues			Proponent	Rec	Cast	Date	Voted
12/05/04 AGM	Anhui Conch Cement Co			CN0009099507			4/13/2004	0
	1	Accept Directors' Report		Mgmt	For
	2	Accept Supervisors' Report		Mgmt	For
	3	Accept Financial Statements		Mgmt	For
	4	Approve Allocation of Income and Dividends		Mgmt	For
	5	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	6	Elect Directors and Supervisors and Fix Their Remuneration		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
29/06/04 EGM	Anhui Conch Cement Co			CN0009099507		With	5/28/2004	1,596,000
	1a	Approve Ongoing Connected Transactions with Shanghai Conch Construction Material Intl. Trading Co. Ltd.		Mgmt	For	For
	1b	Approve Ongoing Connected Transactions with Shanghai Conch Logistics Co. Ltd.		Mgmt	For	For
	2	Amend Articles Re: Guarantee to Controlling Shareholder and Related Parties, Voting at General Meetings, Nomination of Directors, Material Interest of Any Director, Supervisor, General Manager or Senior Management in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,596,000
			Total Shares Voted:		1,596,000
25/06/04 AGM	Brilliance China Automotive Holdings Ltd.			BMG1368B1028			6/18/2004	4,390,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend		Mgmt	For	For
	3a1	Reelect Hong Xing as Director		Mgmt	For	For
	3a2	Reelect He Tao as Director		Mgmt	For	For
	3a3	Reelect Wu Yong Cun as Director		Mgmt	For	For
	3a4	Reelect Lei Xiaoyang as Director		Mgmt	For	For
	3a5	Reelect Xu Bingjin as Director		Mgmt	For	For
	3b	Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Authorize Board to Appoint Auditors and Fix Their Remuneration		Mgmt	For	For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	6a	Amend Bylaws Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company, Nomination of Directors		Mgmt	For	For
	6b	Adopt New Bylaws		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		4,390,000
			Total Shares Voted:		4,390,000
20/05/04 AGM	Cheung Kong Holdings			HK0001000014			5/18/2004	270,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$1.30 Per Share		Mgmt	For	For
	3a	Reelect Chung Sun Keung, Davy as Director		Mgmt	For	For
	3b	Reelect Ip Tak Chuen, Edmond as Director		Mgmt	For	For
	3c	Reelect Chiu Kwok Hung, Justin as Director		Mgmt	For	For
	3d	Reelect Chow Kun Chee, Roland as Director		Mgmt	For	For
	3e	Reelect Wong Yick-ming, Rosanna as Director		Mgmt	For	For
	3f	Reelect Yeh Yuan Chang, Anthony as Director		Mgmt	For	For
	4	Reappoint Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		270,000
			Total Shares Voted:		270,000
20/05/04 EGM	Cheung Kong Holdings			HK0001000014		With	5/18/2004	270,000
		Special Business
	1	Amend Articles Re: Nomination of Directors, Voting at Meetings, Issuance of Share Certificate, Removal of Director by Ordinary Resolution		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		270,000
			Total Shares Voted:		270,000
13/05/04 AGM	Cheung Kong Infrastructure			BMG2098R1025			N/A	433,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.50 Per Share		Mgmt	For	For
	3a	Reelect Fok Kin Ning, Canning as Director		Mgmt	For	For
	3b	Reelect Chow Woo Mo Fong, Susan as Director		Mgmt	For	For
	3c	Reelect Cheong Ying Chew, Henry as Director		Mgmt	For	For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		433,000
			Total Shares Voted:		433,000
13/05/04 EGM	Cheung Kong Infrastructure			BMG2098R1025		With	N/A	433,000
	1	Amend Articles Re: Editing Changes and Director's Material Interest in Contracts		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		433,000
			Total Shares Voted:		433,000
08/06/04 AGM	China Merchants Holdings (International) Ltd.			HK0144000764			6/1/2004	1,288,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.29 Per Share		Mgmt	For	For
	3a	Reelect Zhao Huxiang as Director		Mgmt	For	For
	3b	Reelect Li Yinquan as Director		Mgmt	For	For
	3c	Reelect Meng Xi as Director		Mgmt	For	For
	3d	Reelect Zhou Qifang as Director		Mgmt	For	For
	3e	Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	5b	Approve Repurchase of Up to Ten Percent of Issued Capital		Mgmt	For	For
	5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	6	Amend Articles Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company and Technical Definitions		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,288,000
			Total Shares Voted:		1,288,000
16/06/04 AGM	China Mobile (Hong Kong) Limited			HK0941009539			N/A	1,335,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.20 Per Share		Mgmt	For	For
	3	Elect Directors		Mgmt	For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Remuneration of HK$180,000 for Each Director		Mgmt	For	For
	6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	9	Amend Articles Re: Voting at General Meetings, Retirement of Directors, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,335,000
			Total Shares Voted:		1,335,000
16/06/04 EGM	China Mobile (Hong Kong) Limited			HK0941009539		With	N/A	1,335,000
	1	Approve Sale and Purchase Agreement Between China Mobile (Hong Kong) Ltd., China Mobile Hong Kong (BVI) Ltd. and China Mobile Communications Corp.		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,335,000
			Total Shares Voted:		1,335,000
18/05/04 AGM	China Petroleum & Chemical Corp.			CN0005789556			4/19/2004	3,570,000
		Ordinary Business
	1	Accept Report of the Directors		Mgmt	For	For
	2	Accept Report of the Supervisory Committee		Mgmt	For	For
	3	Accept Financial Statements		Mgmt	For	For
	4	Approve 2003 Profit Appropriation Plan and Final Dividend		Mgmt	For	For
	5	Reappoint KPMG Huazhen and KPMG as the PRC and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
		Special Business
	1	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	2	Amend Articles Re: External Guarantees, Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		3,570,000
			Total Shares Voted:		3,570,000
10/06/04 AGM	China Shipping Development Co.(Formerly Shanghai Hai Xing)			CN0008932385		With	5/10/2004	1,876,000
	1	Accept Report of the Directors		Mgmt	For	For
	2	Accept Report of the Supervisory Committee		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Profit Distribution Plan		Mgmt	For	For
	5	Approve Remuneration of Directors and Supervisors		Mgmt	For	For
	6	Reappoint Shanghai Zhonghua Huying CPA and Ernst & Young as Domestic and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	7	Elect Sun Zhitang as Director		Mgmt	For	For
	8	Approve Establishment of Audit Committee		Mgmt	For	For
	9	Approve Establishment of Strategy Committee		Mgmt	For	For
	10	Amend Articles Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Provision of Guarantee to Outside Parties		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,876,000
			Total Shares Voted:		1,876,000
16/06/04 AGM	China Southern Airlines Ltd			CN0009084145			5/17/2004	560,000
		Ordinary Business
	1	Accept Report of the Directors		Mgmt	For	For
	2	Accept Report of the Supervisory Committee		Mgmt	For	For
	3	Accept Financial Statements		Mgmt	For	For
	4	Approve Profit Distribution Budget		Mgmt	For	For
	5	Approve KPMG and KPMG Huazhen as International and PRC Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	6	Elect Yan Zhi Qing, Liu Ming Qi, Wang Chang Shun, Peng An Fa, Wang Quan Hua, Zhao Liu An, Zhou Yong Qian, Zhou Yong Jin, Xu Jie Bo, Wu Rong Nan, Simon To, Peter Lok, Wei Ming Hai, Wang Zhi and Sui Guang Jun as Directors and Fix Their Remuneration		Mgmt	For	For
	7	Approve Resignation of Liang Hua Fu, Gan Yu Hua and Li Qi Hong and Election of Sun Xiao Yi, Yang Guang Hua and Yang Yi Hua as Supervisors and Authorize Supervisory Committee to Fix Their Remuneration		Mgmt	For	For
	8	Approve Amendments to the Rules of Procedures for Shareholders' General Meetings		Mgmt	For	Against
	9	Approve Amendments to the Rules of Procedures for Board of Directors		Mgmt	For	For
		Special Business
	1	Amend Articles Re: Voting at General Meetings, Election and Nomination of Directors, Board Meetings, Matters to be Resolved by Ordinary Resolution at General Meetings		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		560,000
			Total Shares Voted:		560,000
03/05/04 AGM	CHINA TELECOM CORP LTD			CN0007867483			4/2/2004	9,200,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.065 Per Share		Mgmt	For	For
	3	Approve Remuneration of Directors for the Year Ending Dec. 31, 2004		Mgmt	For	For
	4	Reappoint KPMG as International Auditors and KPMG Huazhen as Domestic Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	6	Approve Increase in Registered Capital		Mgmt	For	Abstain
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		9,200,000
			Total Shares Voted:		9,200,000
03/05/04 EGM	CHINA TELECOM CORP LTD			CN0007867483			4/2/2004	9,200,000
		Meeting For H Shareholders
	1	Approve Issuance and Allotment of Up to 8.3 Billion New H Shares		Mgmt	For	For
	2	Approve Increase in Registered Capital		Mgmt	For	For
	3	Approve Waiver by H Shareholders of Their Preemptive Rights Over Any or All of the New H Shares that may be Issued and Allotted Pursuant to the First Resolution		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		9,200,000
			Total Shares Voted:		9,200,000
03/05/04 EGM	CHINA TELECOM CORP LTD			CN0007867483			4/2/2004	9,200,000
		Special Business
	1	Approve Issuance and Allotment of Up to 8.3 Billion New H Shares		Mgmt	For	For
	2	Approve Increase in Registered Capital		Mgmt	For	For
	3	Approve Waiver by H Shareholders of Their Preemptive Rights Over Any or All of the New H Shares that may be Issued and Allotted Pursuant to the First Resolution		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		9,200,000
			Total Shares Voted:		9,200,000
09/06/04 EGM	CHINA TELECOM CORP LTD			CN0007867483		With	5/7/2004	9,200,000
	1	Approve Acquisition Agreement Between China Telecom Corp. Ltd. and China Telecommunications Corp.		Mgmt	For	For
	2	Approve Prospective Connected Transaction with a Related Party		Mgmt	For	For
	3	Amend Articles Re: Service Areas of the Company		Mgmt	For	For
	4	Amend Articles Re: Voting at General Meetings, Nomination of Directors		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		9,200,000
			Total Shares Voted:		9,200,000
22/04/04 AGM	CLP Holdings Ltd			HK0002007356			N/A	0
	1	Accept Financial Statements and Statutory Reports		Mgmt	For
	2a	Approve Final Dividend of HK$0.65 Per Share		Mgmt	For
	2b	Approve Special Final Dividend of HK$0.10 Per Share			For
	3a	Reelect Vernon Francis Moore as Director		Mgmt	For
	3b	Reelect Rudolf Bischof as Director			For
	3c	Reelect Loh Chung Hon, Hansen as Director			For
	3d	Reelect William Elkin Mocatta as Director			For
	3e	Reelect Lee Yui Bor as Director			For
	4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	5	Amend Articles Re: Recognized Clearing House, Appointment of Chairman or Managing Director, and Addition of Technical Definitions		Mgmt	For
	6	Approve Rotation and Eventual Reelection of Executive Directors Holding Office of Not More Than Three Years		Mgmt	For
	7	Reelect Tse Pak Wing, Peter as Executive Director		Mgmt	For
	8a	Approve Remuneration of Chairman, Vice Chairmen and Non-Executive Directors Amounting to HK$280,000, HK$220,000 and HK$200,000 Respectively		Mgmt	For
	8b	Approve Remuneration of Non-Executive Directors Serving on Different Board Committees of the Company		Mgmt	For
	9	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For
	10	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For
	11	Authorize Reissuance of Repurchased Shares		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
28/04/04 AGM	CNOOC LTD			HK0883013259			N/A	13,655,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final and Special Cash Dividends		Mgmt	For	For
	3	Reelect Directors and Fix Their Remuneration		Mgmt	For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	8	Other Business (Voting)		Mgmt	For	For
	9	Amend Articles Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		13,655,000
			Total Shares Voted:		13,655,000
28/04/04 EGM	CNOOC LTD			HK0883013259			N/A	13,655,000
	1	Approve Connected Transaction with a Related Party		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		13,655,000
			Total Shares Voted:		13,655,000
14/06/04 AGM	CNOOC LTD			HK0883013259			6/7/2004	0
	1	Accept Financial Statements and Statutory Reports		Mgmt	For
	2a	Reelect Shouwei Zhou as Executive Director		Mgmt	For
	2b	Reelect Kenneth S. Courtis as Independent Non-Executive Director		Mgmt	For
	2c	Reelect Erwin Schurtenberger as Independent Non-Executive Director		Mgmt	For
	2d	Reelect Evert Henkes as Independent Non-Executive Director		Mgmt	For
	3	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	4	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For
	5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For
	6	Authorize Reissuance of Repurchased Shares		Mgmt	For
		Special Business
	1	Amend Articles Re: Voting at General Meetings, Nomination and Removal of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
21/05/04 AGM	Cosco Pacific Limited			BMG2442N1048			5/17/2004	0
	1	Accept Financial Statements and Statutory Reports		Mgmt	For
	2	Approve Final Dividends of HK$0.18 Per Share		Mgmt	For
	3a1	Reelect Zhang Fusheng as Director		Mgmt	For
	3a2	Reelect Wang Futian as Director			For
	3a3	Reelect Gao Weijie as Director			For
	3a4	Reelect Chen Hongsheng as Director			For
	3a5	Reelect Ma Zehua as Director			For
	3a6	Reelect Ma Guichuan as Director			For
	3a7	Reelect Li Yunpeng as Director			For
	3a8	Reelect He Jiale as Director			For
	3a9	Reelect Liu Guoyuan as Director			For
	3a10	Reelect Li Jianhong as Director			For
	3a11	Reelect Sun Yueying as Director			For
	3a12	Reelect Qin Fuyan as Director			For
	3a13	Reelect Li Kwok Po, David as Director			For
	3b	Approve Remuneration of Directors			For
	4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
21/05/04 EGM	Cosco Pacific Limited			BMG2442N1048			5/17/2004	0
	1	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For
	2	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For
	3	Authorize Reissuance of Repurchased Shares		Mgmt	For
		Special Business
	1	Amend Bylaws Re: Voting at Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
28/04/04 AGM	Dah Sing Financial Holdings Ltd.			HK0440001847			N/A	253,850
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.81 Per Share		Mgmt	For	For
	3	Elect Directors		Mgmt	For	For
	4	Approve Remuneration of Directors		Mgmt	For	For
	5	Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		253,850
			Total Shares Voted:		253,850
12/06/04 EGM	Dah Sing Financial Holdings Ltd.			HK0440001847		With	6/4/2004	253,850
	1	Approve Seperate Listing of Dah Sing Banking Group Ltd.		Mgmt	For	For
	2	Approve Share Option Scheme of Dah Sing Banking Group Ltd.		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		253,850
			Total Shares Voted:		253,850
21/06/04 EGM	Dah Sing Financial Holdings Ltd.			HK0440001847		With	N/A	253,850
		Special Business
	1	Amend Articles Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Purchase of Liability Insurance for Any Director, Manager, Officer or Auditor of the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		253,850
			Total Shares Voted:		253,850
22/06/04 AGM	Datang International Power Generation Company Limited			CN0009060798		With	5/22/2004	2,000,000
	1	Accept Report of the Directors		Mgmt	For	For
	2	Accept Report of the Supervisory Committee		Mgmt	For	For
	3	Accept Financial Statements		Mgmt	For	For
	4	Approve Budget of the Company for the Year 2004		Mgmt	For	For
	5	Approve Profit Distribution Plan		Mgmt	For	For
	6	Approve Investment Plans of the Company		Mgmt	For	For
	7	Reappoint PricewaterhouseCoopers Zhong Tian CPAs Co. Ltd. and PricewaterhouseCoopers as Domestic and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	8a	Elect Zhai Ruoyu as Non-Executive Director		Mgmt	For	For
	8b	Elect Zhang Yi as Executive Director		Mgmt	For	For
	8c	Elect Hu Shengmu as Non-Executive Director		Mgmt	For	For
	8d	Elect Kou Bingen as Non-Executive Director		Mgmt	For	For
	8e	Elect Yang Hongming as Executive Director		Mgmt	For	For
	8f	Elect Liu Haixia as Non-Executive Director		Mgmt	For	For
	8g	Elect Guan Tiangang as Non-Executive Director		Mgmt	For	For
	8h	Elect Su Tiegang as Non-Executive Director		Mgmt	For	For
	8i	Elect Ye Yonghui as Non-Executive Director		Mgmt	For	For
	8j	Elect Tong Yunshang as Non-Executive Director		Mgmt	For	For
	8k	Elect Xie Songlin as Independent Non-Executive Director		Mgmt	For	For
	8l	Elect Xu Daping as Independent Non-Executive Director		Mgmt	For	For
	8m	Elect Liu Chaoan as Independent Non-Executive Director		Mgmt	For	For
	8n	Elect Yu Changchun as Independent Non-Executive Director		Mgmt	For	For
	8o	Elect Xia Qing as Independent Non-Executive Director		Mgmt	For	For
	9a	Elect Zhang Wantuo as Member of the Supervisory Committee		Mgmt	For	For
	9b	Elect Fu Guoqiang as Member of the Supervisory Committee		Mgmt	For	For
	9c	Elect Zhang Jie as Member of the Supervisory Committee		Mgmt	For	For
	9d	Approve Election of Shi Xiaofan as Supervisory Member of Staff Representatives		Mgmt	For	For
	10	Other Business (Voting)		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		2,000,000
			Total Shares Voted:		2,000,000
22/06/04 EGM	Datang International Power Generation Company Limited			CN0009060798			5/22/2004	0
		Meeting For H Shareholders
	1a	Approve Issue of Not More Than One Billion A Shares		Mgmt	For
	1b	Approve Private Placing in the Form of State-Owned Legal Person Shares of 301.7 Million and and 92.4 Million State-Owned Legal Person Shares to China Datang Corp. and Tianjin Jinneng Investment Co.		Mgmt	For
	1c	Approve Issue of Not More Than 605.9 Million A Shares to the Public		Mgmt	For
	1d	Approve Par Value of RMB1.0 for Each A Share to be Issued		Mgmt	For
	1e	Approve Application for Listing of A Shares to be Issued to the Public on the Shanghai Stock Exchange		Mgmt	For
	1f	Limit A Shares to be Issued to the Public Among Natural Persons and Institutional Investors Within the PRC		Mgmt	For
	1g	Approve Proposal Relating to the Share of Accumulated Profits Among the Old and New Shareholders After the Completion of the Proposed A Share Issue		Mgmt	For
	1h	Authorize Board to Make the Final Decision on the A Share Issue		Mgmt	For
	2	Approve Validity of Decisions in Relation to the A Share Issue for One Year From the Passing of Relevant Resolutions		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
22/06/04 EGM	Datang International Power Generation Company Limited			CN0009060798		With	5/22/2004	2,000,000
		Special Business
	1a	Approve Issue of Not More Than One Billion A Shares		Mgmt	For	For
	1b	Approve Private Placing in the Form of State-Owned Legal Person Shares of 301.7 Million and and 92.4 Million State-Owned Legal Person Shares to China Datang Corp. and Tianjin Jinneng Investment Co.		Mgmt	For	For
	1c	Approve Issue of Not More Than 605.9 Million A Shares to the Public		Mgmt	For	For
	1d	Approve Par Value of RMB1.0 for Each A Share to be Issued		Mgmt	For	For
	1e	Approve Application for Listing of A Shares to be Issued to the Public on the Shanghai Stock Exchange		Mgmt	For	For
	1f	Limit A Shares to be Issued to the Public Among Natural Persons and Institutional Investors Within the PRC		Mgmt	For	For
	1g	Approve Proposal Relating to the Share of Accumulated Profits Among the Old and New Shareholders After the Completion of the Proposed A Share Issue		Mgmt	For	For
	1h	Authorize Board to Make the Final Decision on the A Share Issue		Mgmt	For	For
	2	Approve Validity of Decisions in Relation to the A Share Issue for One Year From the Passing of Relevant Resolutions		Mgmt	For	For
	3	Approve Plan on the Use of Proceeds from the A Share Issue		Mgmt	For	For
	4	Authorize Board to Complete and File Amendments to the Articles of Association with the Relevant Authorities for Approval		Mgmt	For	For
	5	Change Company Name to Datang International Power Generation Co. Ltd.		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		2,000,000
			Total Shares Voted:		2,000,000
10/05/04 AGM	Denway Motors Ltd			HK0203009524			4/30/2004	5,840,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.06 Per Share and Special Dividend of HK$0.08 Per Share		Mgmt	For	For
	3	Reelect Zhang Fangyou, Chen Xuejun and Zeng Qinghong as Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Increase in Authorized Capital from HK$400 Million to HK$1 Billion by the Creation of 6 Billion Shares of HK$0.10 Each		Mgmt	For	For
	6	Authorize Capitalization of Reserves for Bonus Issue		Mgmt	For	For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	9	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	10	Amend Articles Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company, Nomination and Removal of Directors		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		5,840,000
			Total Shares Voted:		5,840,000
04/05/04 AGM	Global Bio-Chem Technology Group Co. Ltd.			KYG3919S1057			N/A	2,700,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend		Mgmt	For	For
	3	Reelect Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Issuance of Warrants		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	9	Amend Articles Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		2,700,000
			Total Shares Voted:		2,700,000
17/05/04 AGM	Glorious Sun Enterprises			BMG3939X1002			5/11/2004	820,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend		Mgmt	For	For
	3a1	Elect Wong Man Kong, Peter as Director		Mgmt	For	For
	3a2	Elect Cheung Wai Yee as Director		Mgmt	For	For
	3b	Fix Remuneration of Directors		Mgmt	For	For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	5d	Amend Bylaws Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		820,000
			Total Shares Voted:		820,000
13/05/04 AGM	Hongkong Electric Holdings Ltd.			HK0006000050			N/A	299,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$1.13 Per Share		Mgmt	For	For
	3a	Reelect Francis Lee Lan-yee as Director		Mgmt	For	For
	3b	Reelect Frank J. Sixt as Director		Mgmt	For	For
	4	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Remuneration of Audit Committee Members at an Amount of HK$50,000 Each		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	9	Amend Articles Re: Change to Existing References and Definitions		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		299,000
			Total Shares Voted:		299,000
28/05/04 AGM	HSBC Holdings Plc			GB0005405286		With	N/A	481,310
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2a	Re-elect Lord Butler as Director		Mgmt	For	For
	2b	Re-elect Baroness Lydia Dunn as Director		Mgmt	For	For
	2c	Elect Rona Fairhead as Director		Mgmt	For	For
	2d	Re-elect William Fung as Director		Mgmt	For	For
	2e	Elect Michael Geoghegan as Director		Mgmt	For	For
	2f	Re-elect Sharon Hintze as Director		Mgmt	For	For
	2g	Re-elect John Kemp-Welch as Director		Mgmt	For	For
	2h	Re-elect Sir Mark Moody-Stuart as Director		Mgmt	For	For
	2i	Re-elect Helmut Sohmen as Director		Mgmt	For	For
	3	Re-appoint KPMG Audit Plc as Auditors and Authorise Board to Fix Remuneration of Auditors		Mgmt	For	For
	4	Approve Remuneration Report		Mgmt	For	For
	5	Authorise 1,099,900,000 Ordinary Shares for Market Purchase		Mgmt	For	For
	6	Auth. Issuance of Non-Cumulative Pref. Shares with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 100,000, USD 100,000 and EUR 100,000; and Auth. Issuance of Ord. Shares with Pre-emptive Rights up to Aggregate Nominal Amount of USD 1,099,900,000 º,v		Mgmt	For	For
	7	Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 274,975,000		Mgmt	For	For
	8	Approve Increase in Remuneration of Non-Executive Directors from GBP 35,000 to GBP 55,000 Per Annum		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		481,310
			Total Shares Voted:		481,310
11/05/04 AGM	Huaneng Power International Inc.			CN0009115410			4/8/2004	0
	1	Accept Directors' Report		Mgmt	For
	2	Accept Supervisors' Report		Mgmt	For
	3	Accept Financial Statements		Mgmt	For
	4	Approve PricewaterhouseCoopers Zhong Tien CPAs and PricewaterhouseCoopers as Domestic and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For
	5	Approve Remuneration of Independent Directors		Mgmt	For
	6	Approve Allocation of Income and Dividends		Mgmt	For
	7	Approve Capitalization of Capital Reserve and Retained Earning		Mgmt	For
	8	Amend Articles of Association		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
15/06/04 EGM	Huaneng Power International Inc.			CN0009115410			5/14/2004	1,985,000
	1	Approve Acquisition of 40 Percent Interest in Hebei Hanfeng Power Generation Limited Liability Co. and 90 Percent Interest in Jinggangshan Huaneng Power Generation Limited Liability Co. and Agreement for the Transfer of Huaneng Group Interest		Mgmt	For	For
	2	Approve Acquisition of Huaneng Hunan Yueyang Power Generation Limited Liability Co., Huaneng Chongqing Luohuang Power Generation Limited Liability Co. and the Entire Assets and Liabilities of Huaneng Intl. Power Devt. Corp. Yingkou Branch Co.		Mgmt	For	For
	3	Approve Guarantee Arrangements and Agreements Between Hebei Hanfeng Power Generation Limited Liability Co., Jinggangshan Huaneng Power Generation Limited Liability Co. and China Huaneng Group		Mgmt	For	For
	4	Approve Entrusted Loan Arrangement Between Huaneng Hunan Yueyang Power Generation Limited Liability Co., Huaneng Intl. Power Devt. Corp. and China Huaneng Finance Co.		Mgmt	For	For
	5	Approve Loan and Deposit Arrangement Between Jinggangshan Huaneng Power Generation Limited Liability Co. and China Huaneng Finance Co.		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,985,000
			Total Shares Voted:		1,985,000
20/05/04 EGM	Hutchison Whampoa			HK0013000119			5/12/2004	0
		Special Business
	1	Amend Articles Re: Voting at Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For
		Ordinary Business
	1	Approve Share Option Scheme of Hutchison Harbour Ring Ltd.		Mgmt	For
	2	Approve Share Option Scheme of Hutchison 3G UK Hldgs. Ltd.		Mgmt	For
	3	Approve Share Option Scheme of Hutchison 3G Italia S.p.A.		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
20/05/04 AGM	Hutchison Whampoa			HK0013000119			5/12/2004	390,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$1.22 Per Share		Mgmt	For	For
	3a	Elect Li Ka-shing as Director		Mgmt	For	For
	3b	Elect Frank John Sixt as Director		Mgmt	For	For
	3c	Elect George Colin Magnus as Director		Mgmt	For	For
	3d	Elect Michael David Kadoorie as Director		Mgmt	For	For
	4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		390,000
			Total Shares Voted:		390,000
12/05/04 AGM	I-CABLE COMMUNICATIONS LTD			HK1097008929			N/A	57,900
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend		Mgmt	For	For
	3a	Reelect Dennis T.L. Sun as Director		Mgmt	For	For
	3b	Reelect Gordon Y.S. Wu as Director		Mgmt	For	For
	4	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	8	Amend Articles Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		57,900
			Total Shares Voted:		57,900
22/04/04 AGM	Industrial & Commercial Bank of China (Union Bank HK)			HK0349001625			N/A	0
	1	Accept Financial Statements and Statutory Reports		Mgmt	For
	2	Approve Final Dividend		Mgmt	For
	3	Elect Directors		Mgmt	For
	4	Approve Remuneration of Directors		Mgmt	For
	5	Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For
	9	Approve Increase in Authorized Capital From HK$3.2 Billion to HK$5.2 Billion by the Creation of One Billion Additional Ordinary Shares of HK$2.0 Each		Mgmt	For
		Special Business
	1	Amend Memorandum of Association Re: Authorized Share Capital		Mgmt	For
	2	Amend Articles Re: Authorized Share Capital, Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
18/05/04 AGM	Petrochina Co. Ltd.			CN0009365379			4/16/2004	8,256,000
	1	Approve Report of the Directors		Mgmt	For	For
	2	Approve Report of the Supervisory Committee		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Final Dividends of RMB0.079 Per Share		Mgmt	For	For
	5	Authorize Board to Determine the Distribution of Interim Dividend for the Year 2004		Mgmt	For	For
	6	Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian CPAs Limited Company, as International and Domestic Auditors, Respectively, and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	7a	Reelect Chen Geng as Director		Mgmt	For	For
	7b	Elect Zhou Jiping as Director		Mgmt	For	For
	7c	Elect Duan Wende as Director		Mgmt	For	For
	8a	Elect Sun Xianfeng as Supervisor		Mgmt	For	For
	8b	Elect Xu Fengli as Supervisor		Mgmt	For	For
	9	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		8,256,000
			Total Shares Voted:		8,256,000
28/05/04 AGM	Shanghai Industrial Holdings Ltd			HK0363006039			5/21/2004	0
	1	Accept Financial Statements and Statutory Reports		Mgmt	For
	2	Approve Final Dividend of HK$0.32 Per Share		Mgmt	For
	3a1	Reelect Ding Zhong De as Director		Mgmt	For
	3a2	Reelect Lu Shen as Director		Mgmt	For
	3a3	Reelect Qian Shi Zheng as Director			For
	3a4	Reelect Ge Wen Yao as Director			For
	3a5	Reelect Woo Chia-Wei as Director			For
	3a6	Reelect Leung Pak To, Francis as Director			For
	3b	Authorize Board to Fix Their Remuneration			For
	4	Reappoint Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For
	6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For
	7	Authorize Reissuance of Repurchased Shares		Mgmt	For
	8	Amend Articles Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company, Nomination and Removal of Directors, Electronic Communication, Indemnification of Directors and Officers of the Company		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
28/05/04 EGM	Shanghai Industrial Holdings Ltd			HK0363006039		With	5/21/2004	412,000
	1	Approve Share Option Scheme of Mergen Biotech Ltd.		Mgmt	For	For
	2	Approve Grant of Options to Subscribe for 39,000 Shares in Mergen Biotech Ltd. to Hu Fang Pursuant to the Share Option Scheme of Mergen Biotech Ltd.		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		412,000
			Total Shares Voted:		412,000
18/06/04 AGM	Sinopec Shanghai Petrochemical Co. (formerly Shanghai Petroc			CN0008871674		With	5/17/2004	4,204,000
	1	Approve Report of the Directors		Mgmt	For	For
	2	Approve Report of the Supervisory Committee		Mgmt	For	For
	3	Approve Financial Statements and 2004 Budget		Mgmt	For	For
	4	Approve Final Dividend		Mgmt	For	For
	5	Reappoint KPMG Huazhen and KPMG as Domestic and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	6	Approve Resignation of Xu Kaicheng, Feng Jianping, Jiang Baoxing and Li Weichang as Directors and Elect Du Chongjun, Han Zhihao, Wu Haijun and Gao Jinping as Directors; Approve Resignation of Du Chongjun as Supervisor and Elect Dai Shuming as Supervisor		Mgmt	For	For
	7	Amend Articles Re: Voting and Resolutions at General Meetings, Compostion of Directors and Supervisory Committee, Nomination of Directors and Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
	8	Amend Articles Re: Board Composition		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		4,204,000
			Total Shares Voted:		4,204,000
13/05/04 AGM	Swire Pacific			HK0019000162			N/A	280,500
	1	Approve Final Dividend of HK$1.02 Per A Share and HK$0.204 Per B Share		Mgmt	For	For
	2a	Reelect P.A. Johansen as Director		Mgmt	For	For
	2b	Reelect Adrian Swire as Director		Mgmt	For	For
	3	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	4	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	6	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	7	Amend Articles Re: Corporate Communications, Postponement of General Meetings, Editing Changes		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		280,500
			Total Shares Voted:		280,500
28/05/04 AGM	Techtronic Industries			HK0669002195			N/A	1,818,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend of HK$0.1775 Per Share		Mgmt	For	For
	3a	Reelect Roy Chi Ping Chung as Group Executive Director		Mgmt	For	For
	3b	Reelect Kin Wah Chan as Group Executive Director			For	For
	3c	Reelect Joel Arthur Schleicher as Independent Non-Executive Director			For	For
	3d	Authorize Board to Fix Their Remuneration			For	For
	4	Reappoint Deloitte Touche Tohmatsu as Auditors and Fix Their Remuneration		Mgmt	For	For
	5	Approve Increase in Authorized Capital from HK$160 Million to HK$240 Million by the Creation of 400 Million Shares of HK$0.2 Each		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
	7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	9	Amend Articles Re: Postponement and Voting at General Meetings, Appointment of Alternate Director, Material Interest of Directors in Contracts Entered into by the Company, Electronic Communication, Indemnification of Directors and Officers of the Company		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,818,000
			Total Shares Voted:		1,818,000
28/05/04 EGM	Techtronic Industries			HK0669002195		With	N/A	1,818,000
	1	Approve Grant of Options to Horst Julius Pudwill and Roy Chi Ping Chung to Subscribe for Ordinary Shares in the Capital of the Company Pursuant to the Share Option Scheme		Mgmt	For	For
	2	Approve Stock Split of Every Share of HK$0.2 in the Capital of the Company into Two Shares of HK$0.1 Each		Mgmt	For	For
	3	Amend Articles to Reflect Changes in Capital		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		1,818,000
			Total Shares Voted:		1,818,000
28/04/04 AGM	Travelsky Technology			CN0006030588		With	3/26/2004	380,000
	1	Accept Report of the Directors		Mgmt	For	For
	2	Accept Report of the Supervisory Committee		Mgmt	For	For
	3	Accept Financial Statements and Auditors' Report		Mgmt	For	For
	4	Approve Dividends of RMB0.102 Per Share		Mgmt	For	For
	5	Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian CPAs Ltd. Co. as International and PRC Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	6	Approve Establishment and Implementation of a Corporate Annual Remuneration System from 2004 Onwards and Authorize Board with Full Powers to Handle All Relevant Matters		Mgmt	For	For
	7	Other Business (Voting)		Mgmt	For	For
	8	Amend Articles Re: Ordinary and Special Resolutions at Shareholders' General Meetings, Voting Right Per Share, Nomination of Director, Composition of the Supervisory Committee and Vote of Contracts in which a Director has a Material Interest		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		380,000
			Total Shares Voted:		380,000
18/05/04 AGM	Wharf (Holdings) Ltd.			HK0004000045			5/10/2004	579,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Approve Final Dividend		Mgmt	For	For
	3a	Reelect Hans Michael Jebsen as Director		Mgmt	For	For
	3b	Reelect Gonzaga W.J. Li as Director		Mgmt	For	For
	3c	Reelect T.Y. Ng as Director		Mgmt	For	For
	3d	Reelect James E. Thompson as Director		Mgmt	For	For
	4	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
	7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
	8	Amend Articles Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company, Nomination and Removal of Directors		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		579,000
			Total Shares Voted:		579,000
22/04/04 AGM	Wing Hang Bank Ltd			HK0302001547			N/A	0
	1	Accept Financial Statements and Statutory Reports		Mgmt	For
	2	Approve Final Dividend		Mgmt	For
	3	Elect Directors and Authorize Board to Fix Their Remuneration		Mgmt	For
	4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For
	5	Approve New Employee Incentive Plan		Mgmt	For
	6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For
	7	Approve Repurchase of Up to Ten Percent of Issued Capital		Mgmt	For
	8	Authorize Reissuance of Repurchased Shares		Mgmt	For
	9	Amend Articles of Association		Mgmt	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		0
			Total Shares Voted:		0
25/06/04 AGM	Yanzhou Coal Mining Company Limited			CN0009131243			5/25/2004	3,222,000
	1	Accept Directors' Report		Mgmt	For	For
	2	Accept Supervisors' Report		Mgmt	For	For
	3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	4	Approve Allocation of Income and Dividends		Mgmt	For	For
	5	Approve Remuneration of Directors and Supervisors		Mgmt	For	For
	6	Elect Wang Xin, Wang XinKun, and Wang Quanxi as Directors		Mgmt	For	For
	7	Approve Deloitte Touche Tohmatsu in Hong Kong and Deloitte Touche Tohmatsu CPAs in PRC as International and Domestic Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
		Special Business
	8	Amend Articles of Association		Mgmt	For	For
	9	Approve Issuance of New Shares		Mgmt	For	Against
		Ordinary Business
	10	Other Business		Mgmt	For	Abstain
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		3,222,000
			Total Shares Voted:		3,222,000
18/06/04 AGM	Zhenhai Refining & Chemical Co Ltd			CN0008934001		With	5/25/2004	3,326,000
	1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
	2	Accept Report of the Supervisory Committee		Mgmt	For	For
	3	Approve Profit Appropriation Proposal		Mgmt	For	For
	4	Approve Remuneration of Directors and Supervisors		Mgmt	For	For
	5	Reappoint KPMG Certified Public Accountants as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
		Special Business
	1	Amend Articles of Association		Mgmt	For	For
			Fund Name		Shares
			03502 GUINNESS ATKINSON CHINA & HONG KONG FUND		3,326,000
			Total Shares Voted:		3,326,000

		PROXY VOTING RECORD
Name of Fund:(1)	Global Innovators Fund
Period:	July 1, 2003 - June 30, 2004
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Oracle Corporation	10/13/2003	182,730	68389X - 105	ORCL
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
Abstained	For	Lawrence J. Ellison
Abstained	For	Donald L. Lucas
Abstained	For	Michael J. Boskin
Abstained	For	Jeffrey D. Henley
Abstained	For	Jack F. Kemp
Abstained	For	Jeffrey Berg
Abstained	For	Safra Catz
Abstained	For	Hector Garcia-Molina
Abstained	For	Joseph A. Grundfest
Abstained	For	Raymond Bingham
Abstained	For	2. PROPOSAL FOR THE APPROVAL OF THE ADOPTION OF THE FISCAL YEAR 2004 EXECUTIVE BONUS PLAN		Issuer
Abstained	For	3. PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING MAY 31, 2004		Issuer
Abstained	For	4. PROPOSAL FOR THE APPROVAL OF THE AMENDED AND RESTATED 1993 DIRECTORS' STOCK PLAN		Issuer
Abstained	Against	5. PROPOSAL TO ADOPT THE CHINA BUSINESS PRINCIPAL FOR RIGHTS OF WORKERS IN CHINA		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
The News Corporation	10/15/2003	48,042	652487 - 703	NWS
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	1A. APPROVAL OF THE RE-ELECTION OF MR. LACHLAN MURDOCH		Issuer
Abstained	For	1B. APPROVAL OF THE RE-ELECTION OF MR. THOMAS PERKINS		Issuer
Abstained	For	1C. APPROVAL OF THE RE-ELECTION OF MR. STANLEY SHUMAN		Issuer
Abstained	For	1D. APPROVAL OF THE RE-ELECTION OF MR. ARTHUR SISKIND		Issuer
Abstained	For	2. APPROVAL OF AN ORDINARY RESOLUTION TO GRANT OPTIONS TO CERTAIN EXECUTIVE DIRECTORS		Issuer
Abstained	For	3. APPROVAL OF AN ORDINARY RESOLUTION THAT THE COMPANY APPROVES PAYMENT OF AN AGGREGATE OF UP TO A$1.85 MILLION (APPROXIMATELY US$1.2 MILLION PER ANNUM TO DIRECTORS		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
First Data Corporation	10/28/03	44,880	319963 - 104	FDC
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	1. TO APPROVE THE ISSUANCE OF SHARES OF FIRST DATA COMMON STOCK AS CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
JDS Uniphase Corporation	11/06/03	109,680	46612J - 101	JDSU
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	Robert E. Enos
For	For	Peter A. Guglielmi
For	For	2. PROPOSAL TO APPROVE THE JDS UNIPHASE CORPORATION 2003 EQUITY INCENTIVE PLAN		Issuer
For	For	3. PROPOSAL TO RATIFY THE APPOINTEMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS FOR THE JDS UNIPHASE CORPORATION FOR THE FISCAL YEAR ENDING JUNE 30, 2004		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Cisco Systems	11/11/03	125,550	17275R - 102	CSCO
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	Carol A. Bartz
For	For	Larry R. Carter
For	For	John T. Chambers
For	For	Dr. James F. Gibbons
For	For	Dr. John L. Hennessy
For	For	Roderick C. McGeary
For	For	James C. Morgan
For	For	John P. Morgridge
For	For	Donald T. Valentine
For	For	Steven M. West
For	For	Jerry Yang
For	For	2. TO APPROVE AN AMENDMENT AND RESTATEMENT OF THE EMPLOYEE STOCK PURCHASE PLAN, INCLUDING AN INCREASE OF 100,000,000 SHARES AUTHORIZED FOR ISSUANCE UNDER THE PLAN AND A 5-YEAR EXTENSION OF THE PLAN		Issuer
For	For	3. TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS CISCO'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING JULY 31, 2004		Issuer
Against	Against	4. PROPOSAL SUBMITTED BY A SHAREHOLDER THAT THE BOARD PREPARE A REPORT EACH FISCAL YEAR ON CISCO HARDWARE AND SOFTWARE PROVIDED TO GOVERNMENT AGENCIES AND STATE-OWNED COMMUNICATIONS OR INFORMATION TECHNOLOGY ENTITIES IN ANY COUNTRY		Shareholder
Against	Against	5. PROPOSAL SUBMITTED BY A SHAREHOLDER THAT THE BOARD COMPENSATION COMMITTEE PREPARE AND MAKE AVAILABLE BY JANUARY 1, 2004 A REPORT COMPARING TOTAL COMPENSATION OF THE COMPANY'S TOP EXECUTIVES AND ITS LOWEST PAID WORKERS IN THE US AND ABROAD AS OF SPECIFIC DATES		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Microsoft Corporation	11/11/03	64,628	594918 - 104	MSFT
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	William H. Gates
For	For	Steven A. Ballmer
For	For	James I. Cash, Jr.
For	For	Raymond V. Gilmartin
For	For	A. McGlaughlin Korologos
For	For	David F. Marquardt
For	For	Charles H. Noski
For	For	Helmut Panxe
For	For	WM. G. Reed
For	For	Jon A. Shirley
For	For	2. ADOPTION OF HE AMENDMENTS TO THE 2001 STOCK PLAN		Issuer
For	For	3. ADOPTION OF THE AMENDMENTS TO THE 1999 STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS		Issuer
Against	Against	4. SHAREHOLDER PROPOSAL		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Sun Microsystems	11/13/03	223,090	866810 - 104	SUNW
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
Abstained	For	Scott G. McNealy
Abstained	For	James L. Barksdale
Abstained	For	L. John Doerr
Abstained	For	Robert J. Fisher
Abstained	For	Michael E. Lehman
Abstained	For	Robert L. Long
Abstained	For	M. Kenneth Oshman
Abstained	For	Naiomi D. Seligman
Abstained	For	Lynn E. Turner
Abstained	For	2. AMENDMENTS TO THE 1990 EMPLOYEE STOCK PURCHASE PLAN		Issuer
Abstained	For	3. PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG AS SUN'S INDEPENDENT AUDITORS FOR THE CURRENT FISCAL YEAR		Issuer
Abstained	Against	4. STOCKHOLDER PROPOSAL ENTITLED CHINA BUSINESS PRINCIPLES FOR RIGHTS OF WORKERS IN CHINA		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Qwest Communications	12/16/03	149,918	749121 - 109	Q
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
Abstained	For	Phillip F. Anschutz
Abstained	For	Richard C. Notebaert
Abstained	For	Frank F. Popoff
Abstained	For	2. APPROVAL OF THE QWEST COMMUNICATIONS INTERNATIONAL AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN		Issuer
Abstained	For	3. SHAREHOLDER PROPOSAL REQUESTING WE EXCLUDE PENSION CREDITS FROM NET INCOME WHEN DETERMINING ANNUAL OR SHORT TERM INCENTIVE COMPENSATION FOR EXECUTIVE OFFICERS		Shareholder
Abstained	For	4. SHAREHOLDER PROPOSAL REQUESTING WE TAKE NECESSARY STEPS TO DECLASSIFY THE BOARD OF DIRECTORS		Shareholder
Abstained	For	5. SHAREOWNER PROPOSAL REQUESTING SHAREHOLDER APPROVAL FOR CERTAIN FUTURE SEVERENCE AGREEMENTS TO EXECUTIVE OFFICERS		Shareholder
Abstained	Against	6. SHAREOWNER PROPOSAL REQUESTING THE SUBSTANTIAL MAJORITY OF THE BOARD OF DIRECTORS BE INDEPENDENT		Shareholder
Abstained	Against	7. SHAREOWNER PROPOSAL REQUESTING ALL FUTURE STOCK OPTION GRANTS TO SENIOR EXECUTIVES BE PERFORMED BASED		Shareholder
Abstained	Against	8. SHAREOWNER PROPOSAL REQUESTING THAT SOME PORTION OF FUTURE STOCK OPTION GRANTS TO SENIOR EXECUTIVES BE PERFORMANCE BASED		Shareholder
Abstained	Against	9. SHAREOWNER PROPOSAL REQUESTING THE EXPENSING IN ANNUAL INCOME STATEMENTS OF THE COST OF FUTURE STOCK OPTION GRANTS		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Monsanto Company	01/29/04	23,700	61166W - 101	MON
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For		Frank V. Atlee
For		Gwendolyn S. King
For		Sharon R. Long
For	For	2. RATIFICATION OF APPOINTMENT OF INDEPENDENT ACCOUNTANTS		Issuer
For	For	3. APPROVAL OF AMENDMENTS TO LONG-TERM INCENTIVE PLAN		Issuer
Against	Against	4. APPROVAL OF SHAREOWNER PROPOSAL ONE		Shareholder
Against	Against	5. APPROVAL OF SHAREOWNER PROPOSAL TWO		Shareholder
Against	Against	6. APPROVAL OF SHAREOWNER PROPOSAL THREE		Shareholder
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
The Walt Disney Company	03/03/2004	79,005	254687 - 106	DIS
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
Withhold	For	John E. Bryson
For	For	John S. Chen
Withhold	For	Michael D. Eisner
Withhold	For	Judith L. Estrin
For	For	Robert A. Iger
For	For	Alwyin B. Lewis
For	For	Monica C. Lozano
For	For	Robert W. Matschullat
Withhold	For	George J. Mitchell
For	For	Leo J. O"Donovan, S.J.
For	For	Gary L. Wilson
For	For	2. RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS FOR 2004		Issuer
Against	Against	3. APPROVE THE HARRINGTON INVESTMENTS PROPOSAL TO LABOR STANDARDS IN CHINA		Shareholder
Against	Against	4. APPROVE THE NYC RETIREMENT SYSTEMS PROPOSAL TO LABOR STANDARDS IN CHINA		Shareholder
Against	Against	5. APPROVE THE SHAREHOLDER PROPOSAL RELATING TO THEME PARK SAFETY REPORTING		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Nokia Corporation	03/25/2004	113,242	654902 - 204	NOK
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
Abstained	For	Paul J. Collins
Abstained	For	George Ehrmrooth
Abstained	For	Bengt Holmstrom
Abstained	For	Per Karlsson
Abstained	For	Jorma Olliea
Abstained	For	Majorie Scardino
Abstained	For	Vesa Vaimjo
Abstained	For	Arne Wessberg
Abstained	For	1A. APPROVAL OF THE INCOME STATEMENTS AND THE BALANCE SHEETS		Issuer
Abstained	For	1B. APPROVAL OF A DIVIDEND OF EUR 0.30 PER SHARE		Issuer
Abstained	For	1C. APPROVAL OF THE DISCHARGE OF THE CHAIRMAN, THE MEMBERS OF THE BOARD OF DIRECTORS AND THE PRESIDENT FROM LIABILITY		Issuer
Abstained	For	1G. APPROVAL OF THE APPOINTMENT OF THE AUDITOR		Issuer
Abstained	For	2. APPROVAL OF THE PROPOSAL OF THE BOARD TO REDUCE THE SHARE CAPITAL THROUGH CANCELLATION OF NOKIA SHARES HELD BY THE COMPANY		Issuer
Abstained	For	3. APPROVAL OF THE AUTHORIZATION TO THE BOARD TO INCREASE THE SHARE CAPITAL OF THE COMPANY		Issuer
Abstained	For	4. APPROVAL OF THE AUTHORIZATION TO THE BOARD TO REPURCHASE NOKIA SHARES		Issuer
Abstained	For	5. APPROVAL OF THE AUTHORIZATION TO THE BOARD TO DISPOSE NOKIA SHARES HELD BY THE CORPOTION		Issuer
Abstained	For	6. APPROVAL OF THE PROPOSAL OF THE BOARD TO INCREASE THE CAPITAL OF THE FOUNDATION OF NOKIA CORPORATION		Issuer
Abstained		7. GIVE A PROXY TO ANY ONE OF BOTH LEGAL COUNSELS OF NOKIA CORPORATION TO AUTHORIZE ANY OF THEM TO VOTE IN THEIR DISCRETION ON YOUR BEHALF ONLY UPON ITEM 7 OF THE ANNUAL MEETING AND ANY ADJOURNMENTS OR POSTPONEMENT.		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
DaimlerChrysler	04/07/2004	40,225	D1668R123	DCX
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	2. RESOLUTION ON THE ALLOCATION OF UNAPPROPRIATED PROFIT		Issuer
Abstained	For	3. RESOLUTION ON RATIFICATION OF BOARD OF MANAGEMENT ACTIONS IN THE 2003 FINANCIAL YEAR		Issuer
Abstained	For	4. RESOLUTION ON RATIFICATION OF SUPERVISORY BOARD ACTIONS IN THE 2003 FINANCIAL YEAR		Issuer
Abstained	For	5. RESOLUTION ON THE APPOINTMENT OF AUDITORS FOR THE 2004 FINANCIAL YEAR		Issuer
Abstained	For	6. RESOLUTION OF AUTHORIZING THE COMPANY TO ACQUIRE ITS OWN SHARES		Issuer
Abstained	For	7. ELECTION TO THE SUPERVISORY BOARD		Issuer
Abstained	For	8. RESOLUTION CONCERNING CHANGES TO THE REMUNERATION OF THE SUPERVISORY BOARD AND AMENDMENT OF THE MEMORANDUM AND ARTICLES OF INCORPORATION		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
WPP Group PLC	04/07/2004	21,370	929309 - 300	WPPGY
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	1. ORDINARY RESOLUTION TO APPROVE THE ADOPTION OF THE DRAFT RULES OF THE WPP GROUP PLC 2004 LEADERSHIP EQUITY ACQUISITION PLAN		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
WPP Group PLC	04/16/2004	21,370	929309 - 300	WPPGY
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	1. ORDINARY RESOLUTION TO APPROVE THE ADOPTION OF THE DRAFT RULES OF THE WPP GROUP PLC 2004 LEADERSHIP EQUITY ACQUISITION PLAN		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Citigroup	04/20/2004	42,400	172967 - 101	C
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
Withhold	For	C. Michael Armstrong
Withhold	For	Alain J.P. Belda
Withhold	For	George David
Withhold	For	Kenneth T. Derr
Withhold	For	John M. Deutch
Withhold	For	r. Hernandez Ramirez
For	For	Ann Dibble Jordan
For	For	Dudley C. Mecum
For	For	Richard D. Parsons
For	For	Andrall E. Pearson
Withhold	For	Charles Prince
For	For	Robert E. Rubin
For	For	Franklin A. Thomas
Withhold	For	Sanford I Weill
For	For	Robert B. Willumstad
Against	For	2. RATIFICATION THE SELECTION OF KPMG LLP FOR 2004		Issuer
Against	Against	3. STOCKHOLDER PROPOSAL REQUESTING CURB ON EXECUTIVE COMPENSATION, NO FUTURE STOCK OPTION GRANTS AND NO RENEWALS OR EXTENSIONS OF OPTION PLANS		Shareholder
For	Against	4. STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS		Shareholder
Against	Against	5. STOCKHOLDER PROPOSAL REQUESTING A DISCONTINUATION OF ALL RIGHTS, OPTIONS, SAR'S AND POSSIBLE SERVERENCE PAYMENTS TO THE TOP 5 MGMT		Shareholder
For	Against	6. STOCKHOLDER PROPOSAL REQUESTING THAT THE CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT DUTIES, TITLES OR RESPONSIBILITIES		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
State Street Corporation	04/21/2004	29,974	857477 - 103	STT
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	K. Burnes
For	For	D. Gruber
For	For	L. Hill
For	For	C. Lamantia
For	For	R. Weissman
Against	Against	2. STOCKHOLDER PROPOSAL TO EXEMPT THE BOARD OF DIRECTORS FROM MASS. GENERAL LAWS		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Cemex, SA	04/29/2004	52,923	151290 - 889	CX
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	A1. APPROVAL OF THE REPORT BY THE BOARD OF DIRECTORS, INCLUDING THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2003 AS REQUIRED BY THE MEXICAN CORPORATION LAW		Issuer
Abstained	For	A2. PROPOSAL FOR THE ALLOCATION OF PROFITS AND THE MAXIMUM AMOUNT OF FUNDS TO BE USED FOR THE PURCHASE OF COMPANY SHARES		Issuer
Abstained	For	A3. PROPOSAL TO INCREASE THE CAPITAL STOCK OF THE COMPANY IN ITS VARIABLE PORTION THROUGH CAPITALIZATION CHARGED AGAINST RETAINED EARNINGS		Issuer
Abstained	For	A4. APPOINTMENT OF DIRECTORS AND STATUTORY AUDITORS, ACCORDING TO THE PROPOSAL OF SHAREHOLDERS SUBMITTED FOR CONSIDERATION AT THE MEETING		Issuer
Abstained	For	A5. COMPENSATION OF DIRECTORS AND STATUTORY AUDITORS		Issuer
Abstained	For	A6. APPOINTMENT OF DELEGATES TO FORMALIZE THE RESOLUTIONS ADOPTED AT THE MEETING		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Sabre Holdings Corporation	05/04/2004	12,890	785905 - 100	TSG
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	Royce S. Caldwell
For	For	Paul C. Ely, Jr.
For	For	Glenn W. Marschel, Jr.
For	For	2. RATIFICATION THE SELECTION OF ERNST & YOUNG LLP FOR 2004		Issuer
For	For	3. APPROVAL OF AN AMENDMENT TO THE EMPLOYEE STOCK PURCHASE PLAN		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
EMC Corporation	05/05/2004	200,566	268648 - 102	EMC
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	John R. Egan
For	For	Michael C. Ruettgers
For	For	David N. Strohm
For	For	2. TO APPROVE AN AMENDMENT TO EMC'S 2003 STOCK PLAN TO INCREASE BY 50,000,000 THE NUMBER OF SHARES AVAILABLE FOR GRANT UNDER SUCH PLAN		Issuer
For	For	3. TO APPROVE AN AMENDMENT TO EMC'S 1989 EMPLOYEE STOCK PURCHASE PLAN TO INCREASE BY 25,000,000 THE NUMBER OF SHARES AVAILABLE FOR GRANT UNDER SUCH PLAN		Issuer
For	For	4. RATIFICATION THE SELECTION OF PRICEWATEHOUSECOOPERS LLP FOR 2004		Issuer
Against	Against	5. STOCKHOLDER PROPOSAL RELATED TO EXECUTIVE COMPENSATION		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Millennium Pharmaceuticals	05/07/2004	25,720	599902 - 103	MLNM
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	Charles J. Homcy, M.D.
For	For	Raju S. Kucherlapati PHD
For	For	Eric S. Lander, PHD
For	For	2. RATIFICATION THE SELECTION OF ERNST & YOUNG LLP FOR 2004		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Taiwan Semiconductor	05/11/2004	123,680	874039 - 100	TSM
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
For	For	5. TO ACCEPT 2003 BUSINESS REPORT AND FINANCIAL STATEMENTS		Issuer
For	For	6. TO APPROVE THE PROPOSAL FOR DISTRIBUTION OF 2003 PROFITS		Issuer
For	For	7. TO APPROVE THE CAPITALIZATION OF 2003 DIVIDENDS AND EMPLOYEE PROFIT SHARING		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
GlaxoSmithKline PLC	05/17/2004	38,296	37733W - 105	GSK
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
For	For	1. TO RECEIVE AND ADOPT THE DIRECTORS' REPORT AND THE FINANCIAL STATEMENTS		Issuer
For	For	2. TO APPROVE THE REMUNERATION REPORT		Issuer
For	For	3. TO ELECT MR. H. LAWRENCE CULP AS A DIRECTOR		Issuer
For	For	4. TO ELECT MR. CRISPIN DAVIS AS A DIRECTOR		Issuer
For	For	5. TO ELECT SIR ROBERT WILSON AS A DIRECTOR		Issuer
For	For	6. TO ELECT DR. TACHI YAMADA AS A DIRECTOR		Issuer
For	For	7. TO RE-ELECT SIR CHRISTOPHER HOGG AS A DIRECTOR		Issuer
For	For	8. RE-APPOINTMENT OF AUDITORS		Issuer
For	For	9. REMUNERATION OF AUDITORS		Issuer
For	For	S10. AUTHORISE THE COMPANY TO MAKE DONATIONS TO EU POLITICAL ORGAN-ISATIONS AND INCUR EU POLITICAL EXPENDITURE		Issuer
For	For	S11. DISAPPLICATION OF PRE-EMPTION RIGHTS		Issuer
For	For	S12. AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
The Charles Schwab Corporation	05/17/2004	63,820	808513 - 105	SCH
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	Donald G. Fisher
For	For	Paula A. Sneed
For	For	David B. Yoffie
For	For	2. APPROVAL OF THE 2004 STOCK INCENTIVE PLAN		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Intel Corporation	05/19/2004	55,102	458140 - 100	INTC
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	Craig R. Barrett
For	For	Charlene Barshefsky
For	For	E. John P. Browne
For	For	Andrew S. Grove
For	For	D. James Guzy
For	For	Reed E. Hundt
For	For	Paul S. Otellini
For	For	David S. Pottruck
For	For	Jane E. Shaw
For	For	John L. Thornton
For	For	David B. Yoffie
For	For	2. RATIFICATION THE SELECTION OF INDEPENDENT AUDITORS FOR 2004		Issuer
For	For	3. APPROVAL OF 2004 EQUITY INCENTIVE PLAN		Issuer
Against	Against	4. STOCKHOLDER PROPOSAL REQUESTING THE EXPENSING OF STOCK OPTIONS		Shareholder
Against	Against	5. STOCKHOLDER PROPOSAL REQUESTING THE USE OF PERFORMANCE VESTING STOCK		Shareholder
Against	Against	6. STOCKHOLDER PROPOSAL REQUESTING THE USE OF PERFORMANCE-BASED STOCK OPTIONS		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
First Data Corporation	05/19/2004	46,264	319963 - 104	FDC
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	Henry C. Duques
For	For	Charles T. Fote
For	For	Richard P Kiphart
For	For	Joan E. Spero
For	For	2. RATIFICATION THE SELECTION OF ERNST & YOUNG LLP FOR 2004		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
American International Group, Inc.	05/19/2004	20,795	026874 - 107	AIG
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	M. Aidinoff
For	For	P. Chia
For	For	M. Cohen
For	For	W. Cohen
For	For	M Feldstein
For	For	E. Futter
For	For	M. Greenberg
For	For	C. Hills
For	For	F. Hoenemeyer
For	For	R. Holbrooke
For	For	D. Kanak
For	For	H. Smith
For	For	M. Sullivan
For	For	E. Tse
For	For	F. Zarb
Against	For	2. ADOPT CHIEF EXECUTIVE OFFICER ANNUAL COMPENSATION PLAN		Issuer
For	For	3. ADOPT A DIRECTOR STOCK PLAN		Issuer
For	For	4. RATIFICATION OF INDEPENDENT ACCOUNTANTS		Issuer
Against	Against	5. SHAREHOLDER PROPOSAL 1 DESCRIBED IN THE PROXY STATEMENT		Shareholder
Against	Against	6. SHAREHOLDER PROPOSAL 2 DESCRIBED IN THE PROXY STATEMENT		Shareholder
Against	Against	7. SHAREHOLDER PROPOSAL 3 DESCRIBED IN THE PROXY STATEMENT		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Wal-Mart Stores	06/04/2004	25,880	931142 - 103	WMT
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
For	For	James W. Breyer
For	For	M. Michele Burns
For	For	Thomas M . Coughlin
For	For	David D. Glass
For	For	Roland A. Hernandez
For	For	Dawn G. Lepore
For	For	John D. Opie
For	For	J. Paul Reason
For	For	H. Lee Scott, Jr.
For	For	Jack C. Shewmaker
For	For	Jose H. Villarreal
For	For	John T. Walton
For	For	S. Robson Walton
For	For	Christopher J. Williams
For	For	2. APPROVAL OF THE ASDA COLLEAGUE SHARE OWNERSHIP PLAN 1999		Issuer
For	For	3. APPROVAL OF THE ASDA SHARESAVE PLAN 2000		Issuer
For	For	4. APPROVAL OF THE WAL-MART STORES 2004 ASSOCIATE STOCK PURCHASE PLAN		Issuer
For	For	5. RATIFICATION THE SELECTION OF INDEPENDENT ACCOUNTANTS FOR 2004		Issuer
Against	Against	6. STOCKHOLDER PROPOSAL REGARDING AN INDEPENDENT CHAIRMAN		Shareholder
Against	Against	7. STOCKHOLDER PROPOSAL REGARDING A SUSTAINABILITY REPORT		Shareholder
Against	Against	8. STOCKHOLDER PROPOSAL REGARDING EQUITY COMPENSATION		Shareholder
Against	Against	9. STOCKHOLDER PROPOSAL REGARDING GENETICALLY ENGINEERED FOOD PRODUCTS		Shareholder
Against	Against	10. STOCKHOLDER PROPOSAL REGARDING AN EQUAL EMPLOYMENT OPPORTUNITY REPORT		Shareholder
Against	Against	11. STOCKHOLDER PROPOSAL REGARDING SHAREHOLDER APPROVAL OF PARTICIPATION IN THE OFFICER DEFERRED COMPENSATION PLAN		Shareholder
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Sony Corporation	06/22/2004	37,808	835699 - 307	SNE
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	C1. TO AMEND A PART OF THE ARTICLES OF INCORPORATION		Issuer
Abstained	For	C2. TO ELECT 16 DIRECTORS		Issuer
Abstained	For	C3. TO ISSUE STOCK ACQUISITION RIGHTS FOR THE SHARES OF COMMON STOCK OF THE CORPORATION FOR THE PURPOSE OF GRANTING STOCK OPTIONS		Issuer
Abstained	For	C4. TO ISSUE STOCK ACQUISITION RIGHTS FOR THE SHARES OF SUBSIDIARY TRACKING STOCK OF THE CORPORATION FOR THE PURPOSE OF GRANTING STOCK OPTIONS		Issuer
Abstained	Against	S5. TO AMEND THE ARTICLES OF INCORPORATION WITH RESPECT TO DISCLOSURE TO SHAREHOLDERS OF REMUNERATION AND OTHER AMOUNTS PAID TO EACH DIRECTOR AND CORPORATE EXECUTIVE OFFICER		Shareholder
				Issuer
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Honda Motor Corp.	06/23/2004	68,300	438128 - 308	HMC
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
		1. DIRECTORS		Issuer
Abstained	For	T. Fijikui
Abstained	For	K. Amemiya
Abstained	For	M. Hagino
Abstained	For	M. Harada
Abstained	For	M. Shiraishi
Abstained	For	S. Aoki
Abstained	For	A. Hyogo
Abstained	For	S. Dobashi
Abstained	For	S. Toshida
Abstained	For	K. Hirashima
Abstained	For	K. Kondo
Abstained	For	Y. Ikenoya
Abstained	For	T. Onda
Abstained	For	A. Takano
Abstained	For	T. Ito
Abstained	For	S. Kishi
Abstained	For	H. Yoshino
Abstained	For	M. Yoshimi
Abstained	For	M. Kato
Abstained	For	S. Takagi
Abstained	For	H. Kuroda
Abstained	For	A. Hamada
Abstained	For	T. Kowashi
Abstained	For	T. Iwamura
Abstained	For	T. Yamamoto
Abstained	For	M. Takabayashi
Abstained	For	T. Oyano
Abstained	For	S. Kanazawa
Abstained	For	M. Nishimae
Abstained	For	F. Ike
Abstained	For	M. Yamashita
Abstained	For	H. Kobayashi
Abstained	For	K. Sagawa
Abstained	For	K. Yama
Abstained	For	H. Oshima
Abstained	For	S. Minekawa
Abstained	For	1. APPROVAL OF PROPOSAL FOR APPROPRIATION OF RETAINED EARNINGS FOR THE 80TH FISCAL YEAR		Issuer
Abstained	For	2. PARTIAL AMENDMENTS TO THE ARTICLES OF INCORPORATION		Issuer
Abstained	For	4A. ELECTION AS CORPORATE AUDITOR - KOJI MIYAJIMA		Issuer
Abstained	For	4B. ELECTION AS CORPORATE AUDITOR - HIROSHI OKUBO		Issuer
Abstained	For	4C. ELECTION AS CORPORATE AUDITOR - FUMIHIKO SAITO		Issuer
Abstained	For	5. REVISION OF AMOUNT OF REMUNERATION PAYABLE TO DIRECTORS		Issuer
Abstained	For	6. PAYMENT OF BONUS TO DIRECTORS AND CORPORATE AUDITORS FOR THE 80TH FISCAL YEAR		Issuer
Abstained	For	7. PRESENTATION OF RETIREMENT ALLOWANCE TO RETIRING DIRECTORS AND CORPORATE AUDITORS FOR THEIR RESPECTIVE SERVICES		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
WPP Group PLC	06/28/2004	29,470	929309 - 300	WPPGY
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	1. TO RECEIVE AND APPROVE THE AUDITED ACCOUNTS		Issuer
Abstained	For	2. TO DECLARE A FINAL DIVIDEND		Issuer
Abstained	For	4. TO RE-APPOINT THE AUDITORS AND TO AUTHORIZE THE DIRECTORS TO DETERMINE THEIR REMUNERATION		Issuer
Abstained	For	5. TO AUTHORIZE THE DIRECTORS TO ALLOT RELEVANT SECURITIES		Issuer
Abstained	For	6. TO AUTHORIZE THE DIRECTORS TO ALLOT EQUITY SECURITIES		Issuer
Abstained	For	7. TO AUTHORIZE THE COMPANY TO PURCHASE ITS OWN SHARES		Issuer
Abstained	For	8. TO APPROVE THE REMUNERATION REPORT OF THE DIRECTORS		Issuer
Abstained	For	9. TO APPROVE AMENDMENTS TO AND THE PARTIAL DEFERRAL OF THE AWARDS UNDER THE CAPITAL INVESTMENT PLAN		Issuer
Abstained	For	10. TO APPROVE AMENDMENTS TO THE EXERCISE PERIOD UNDER THE NOTIONAL SHARE AWARD PLAN		Issuer
Abstained	For	11. TO INCREASE THE TOTAL AGGREGATE ANNUAL REMUNERATION FOR NON-EXECUTIVE DIRECTORS AS SPECIFIED IN ARTICLE 73 (1) OF THE ARTICLES OF INCORPORATION		Issuer
	Meeting
Company Name	Date	Shares Voted	CUSIP(2)	Ticker (2)
Check Point Software	06/30/2004	70,600	M22465 - 104	CHKP
Vote (3)	MRV (4)	Proposal (5)		Proposed by Issuer or Security Holder (6)
Abstained	For	1. ELECTION OF DIRECTORS (OTHER THAN OUTSIDE DIRECTORS) NOTE: DIRECTORS ARE ELECTED AS A GROUP, NOT INDIVIDUALLY)		Issuer
Abstained	For	2. TO RATIFY THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE YEAR ENDED DECEMBER 31, 2003		Issuer
Abstained	For	3. TO RATIFY THE APPOINTMENT AND COMPENSATION OF THE COMPANY'S INDEPENDENT PUBLIC ACCOUNTANTS		Issuer
Abstained	For	4. TO APPROVE AMENDMENT TO DIRECTORS' COMPENSATION		Issuer
Abstained	For	5. TO APPROVE AMENDMENT TO OFFICERS' COMPENSATION		Issuer

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GUINNESS ATKINSON FUNDS

By (Signature and Title)* /s/ James J. Atkinson, President

Date : August 31, 2004

* Print the name and title of each signing officer under his or her signature.