SHAREHOLDERS AGREEMENT RELATING TO SCIENTIFIC GLASS TECHNOLOGY SINGAPORE PTE LTD

INTRODUCTION

The Board of Directors (the "Directors") of Beyonics Technology Limited (the "Company") is pleased to announce that its wholly-owned subsidiary, Beyonics International Limited, has, on 17 September 2003, entered into a shareholders agreement (the "Shareholders Agreement") relating to Scientific Glass Technology Singapore Pte Ltd ("SGT") with SGT Singapore Holdings Pte Ltd ("SGT Holdings"), Mr Marinus Frans van der Maas ("M.F. van der Mass") and SGT.

THE SHAREHOLDERS AGREEMENT

SGT is a company incorporated in Singapore which carries on the business of manufacturing non-electrical or non-electronic engineering and scientific instruments. Under the Shareholders Agreement, Beyonics International Limited has agreed to subscribe for 100,000 Class A Shares of S$1.00 each in the capital of SGT for a cash consideration of S$100,000, representing 20 per cent. of the total issued share capital of SGT. Under the Shareholders Agreement, SGT Holdings has agreed to exclusively licence to SGT the right to use the trade name "Scientific Glass Technology" during the course of the Shareholders Agreement, and to exclusively license to SGT the right to manufacture, market, sell and distribute the proprietary products, Super Clean Gas Filters® and Shortix® diamond cutter fused silica, under patents owned by SGT Holdings. M.F. van der Maas has agreed to transfer to SGT the manufacturing and assembly technologies and know-how of special oncology and endoscopy glassware, glass transporter and special glass laboratory tools for radio diagnostics (together with Super Clean Gas Filters® and Shortix® diamond cutter fused silica, the "Products") during the course of the Agreement. SGT will manufacture and assemble the Products, while SGT Holdings will be responsible for the procurement of international sales orders for the Products. SGT has agreed to grant to the Company and its subsidiaries the exclusive manufacturing rights for all projects secured by SGT.

FINANCIAL EFFECTS OF THE TRANSACTION

The transaction described above is not expected to have any material effect on the net tangible assets per share or the earnings per share of the Company for the current financial year ending 31 July 2004.

DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTERESTS

None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the transaction described above.

BY ORDER OF THE BOARD OF DIRECTORS

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