The Board of Directors of Beyonics Technology Limited (the "Company") wishes to announce that its wholly owned subsidiary, Techplas Industries Pte Ltd ("TIPL") has acquired the remaining 60% equity interest in the registered share capital of Shanghai Acmax Precision Tooling Co. Ltd ("Acmax") from the other shareholder for an aggregate consideration of US$1.00. The net tangible liabilities of Acmax was approximately S$18,000 as at 28 February 2003. With the acquisition, Acmax becomes a wholly owned subsidiary of TIPL.

This acquisition is not expected to have any material impact on earnings per share and net asset value per share of the Group.

None of the directors or substantial shareholders of the Company has any interest in this acquisition.

By Order of The Board
Submitted by Tay Peng Huat, Company Secretary on 26/03/2003 to the SGX