New Subsidiary - Fineplas Tech Pte Ltd

The Board of Directors of Sunningdale Tech Ltd ("SunningTech") wishes to announce that Fineplas Tech Pte Ltd ("FineplasTech"), a company incorporated in the Republic of Singapore, is now a subsidiary of SunningTech following SunningTech's conversion of its loan to FineplasTech of S$2,800,000/- into 592,000 ordinary shares of S$1/- each in the share capital of FineplasTech. This represents 86.93% of the issued and paid-up capital of FineplasTech. The balance of 13.07% is held by Cybron Holdings Bhd.

The above investment does not have an impact on the Net Tangible Asset and Earnings Per Share of the Group in respect of the financial results for the period ended 30 September 2005.

The principal activities of FineplasTech consist of manufacturing and sale of dies, tools, jigs, fixtures, high precision steel mould and plastic products.

None of the Directors have an interest (whether direct or indirect) in the above transaction. The Directors are also not aware of any Substantial Shareholder having an interest (whether direct or indirect) in the said transaction.


By Order of the Board

Dorothy Ho
Company Secretary