PROPOSED CONSOLIDATION OF EVERY FIVE (5) ISSUED AND UNISSUED ORDINARY SHARES OF S$0.10 EACH IN THE CAPITAL OF BEYONICS TECHNOLOGY LIMITED INTO TWO (2) ORDINARY SHARES OF S$0.25 EACH IN THE CAPITAL OF THE COMPANY

INTRODUCTION

The Board of Directors (the "Directors") of Beyonics Technology Limited (the "Company") is pleased to announce the proposed consolidation (the "Share Consolidation") of every five (5) issued and unissued ordinary shares of S$0.10 each in the capital of the Company (the "S$0.10 Shares") into two (2) ordinary shares of S$0.25 each in the capital of the Company (the "S$0.25 Shares").

PURPOSE OF THE SHARE CONSOLIDATION

The Directors believe that the Share Consolidation is beneficial to the Company and its shareholders (the "Shareholders"). The Directors are of the view that the Share Consolidation may increase the profile of the Company amongst the institutional investors and make the Shares more attractive to such investors and thus, increase interest in the Shares. Shareholders should note, however, that there can be no assurance that this can be achieved as a result of the Share Consolidation, nor is there assurance that such a result can be sustained in the longer term.

DETAILS OF THE SHARE CONSOLIDATION

Under the Share Consolidation, every five (5) S$0.10 Shares (both issued and unissued) registered in the name of each Shareholder as at a books closure date to be announced by the Company will be consolidated to constitute two (2) S$0.25 Shares. Fractions of a S$0.25 Share arising from the Share Consolidation will be aggregated and sold and the proceeds retained for the benefit of the Company. The S$0.25 Shares will rank pari passu in all respects with the existing S$0.10 Shares and with each other. The S$0.25 Shares will be traded in board lots of 1,000 shares.

As at date of this announcement, the Company has an authorised share capital of S$200,000,000 divided into 2,000,000,000 S$0.10 Shares and an issued and paid-up share capital of S$113,833,463 divided into 1,138,334,628 S$0.10 Shares. Following the implementation of the Share Consolidation, the Company will have an authorised share capital of S$200,000,000 divided into 800,000,000 S$0.25 Shares and an issued and paid-up share capital of S$113,833,463 divided into approximately 455,333,851 S$0.25 Shares.

The Share Consolidation will not involve the diminution of any liability in respect of unpaid capital or the payment to any Shareholder of any paid-up capital of the Company, and has no effect on the shareholders' funds of the Company and its subsidiaries.

Shareholders are not required to make any payment to the Company in respect of the Share Consolidation.

APPROVALS FOR THE SHARE CONSOLIDATION

The Share Consolidation is subject to, inter alia:

(1) the approval of the Singapore Exchange Securities Trading Limited (the "SGX-ST"); and

(2) the approval of Shareholders by ordinary resolution at the extraordinary general meeting of the Company to be convened.

Application to the SGX-ST will be made in due course for its approval for the listing and quotation of the S$0.25 Shares arising from the Share Consolidation.

The Company will despatch a letter setting out the details of the Share Consolidation to Shareholders, in due course.

BY ORDER OF THE BOARD OF DIRECTORS

Submitted by Tay Peng Huat, Company Secretary on 30/09/2003 to the SGX