The Directors of Radiance Electronics Limited ("REL") wish to announce that REL has acquired the remaining 4% equity interest (comprising 4,000 ordinary shares) in Xiptech Holdings Pte Ltd ("Xiptech") from its wholly-owned subsidiary Radiance Manufacturing Pte Ltd ("RMPL"), at its cost of S$185,000.

The acquisition was made to consolidate the shareholding of Xiptech into REL, resulting in Xiptech being a wholly-owned subsidiary of REL upon completion of the acquisition.


By Order of the Board

Chong Ching Lai
Director

2 March 2006