The Board of Directors of Radiance Electronics Limited refers to the Share Placement which was completed on 4 January 2005 and wishes to announce that the net proceed from the Share Placement has been fully utilised. The Company has utilised S$0.5 million to acquire an additional production line and supporting equipment for Radiance Electronics (Shenzhen) Co Ltd, and the remaining S$3.7 million as general working capital for the Group.


By Order of the Board

Cheng Swee Ain
Director

7 February 2006