Pursuant to Rule 704(14) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"), the Board of Directors of Radiance Electronics Limited (the "Company") is pleased to announce that all the resolutions set out in the Notice of Annual General Meeting (the "AGM") dated 3 November 2003 were duly passed at the First AGM held today.

Resolution 9 in respect of the general mandate to issue shares pursuant to Section 161 of the Companies Act, Cap. 50 was passed with the following clarification made to shareholders during the AGM:

- in determining the aggregate number of shares that may be issued pursuant to this resolution, the percentage of issued share capital is based on the Company's issued share capital at the time this resolution is passed. ie. 190,624,000 ordinary shares.

Statement pursuant to Rule 704(8) of the Listing Manual of the SGX-ST

Mr Desmond Foo Der Chyang, who was re-elected as a Director, will remain as Chairman of the Audit Committee and will be considered as an independent Director pursuant to Clause 704(8) of the Listing Manual of the SGX-ST.

Mr Bernard Stanley Doray who was re-elected as a Director, will remain as a member of the Audit Committee and will be considered as an independent Director pursuant to Clause 704(8) of the Listing Manual of the SGX-ST.