Retirement of Director from the Company

The Board of Directors of Beyonics Technology Limited (the "Company") wishes to announce that Mr Lew Syn Pau retired as a Director under Article 95 of the Company's Articles of Association and did not seek re-election at the Company's Annual General Meeting held today. With Mr Lew's retirement, he has ceased to be the Chairman of the Nominating Committee and member of the Audit Committee.

The Board of Directors wishes to express its appreciation to Mr Lew Syn Pau for his invaluable contributions to the Company during his tenure as a Director of the Company.

The Board of Directors also wishes to announce that Dr Chua Tat Seng, an Independent Director, has been appointed as the Chairman of the Nominating Committee and member of the Audit Committee with effect from 18 December 2003.

By Order of the Board

Submitted by Tay Peng Huat, Company Secretary on 18/12/2003 to the SGX