Further to the two joint announcements dated 24 March 2003 in relation to the proposed merger of Beyonics Technology Limited ("Company" or "Beyonics") and Flairis Technology Corporation Limited (the "Merger"), the Directors of Beyonics are pleased to announce that the Company has received in-principle approval from the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of 278,880,224 new ordinary shares of $0.10 each ("New Shares") in the capital of Beyonics to be issued in connection with the Merger, subject to Beyonics' shareholders' approval (the "Issue"). The number of New Shares represents the maximum number of new Beyonics shares which may be issued if all outstanding Flairis warrants and options to subscribe for new Flairis shares are exercised. The in-principle approval of the SGX-ST is not to be taken as an indication of the merits of the Issue.

The Directors of the Company (including any who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts and opinions stated in this Announcement are fair and accurate and that no material facts have been omitted and they jointly and severally accept responsibility accordingly.

By Order of the Board
Submitted by Tay Peng Huat, Company Secretary on 28/05/2003 to the SGX