Approval Of Shareholders Obtained For The Proposed Merger Of Sunningdale Precision Industries Ltd And Tech Group Asia Ltd By Way Of A Scheme Of Arrangement (The "Scheme")

The Board of Directors of Sunningdale Precision Industries Ltd ("SPI") is pleased to announce that at the meeting of the shareholders of SPI ("Shareholders") convened by the order of the High Court of Singapore held on 30 May 2005, the Shareholders have by the requisite majority voted in favour of the Scheme.

Subject to the Scheme being sanctioned by the High Court of Singapore and an office copy of the order of the High Court being lodged with the Accounting and Corporate Regulatory Authority, the Scheme is expected to become effective on 9 July 2005.

A further announcement of the books closure date to determine the entitlements of Shareholders under the Scheme will be made in due course.

The Directors of SPI (including those who have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts and opinions stated in this Announcement are fair and accurate, and that no material facts have been omitted and they jointly and severally accept responsibility accordingly.



Soh Hui Ling
Company Secretary

Dated this 30th day of May 2005
Singapore