LANKom Elelectronics Co., Ltd.
Lane 345, Yang Guang Street,
Neihu, Taipei 114, Taiwan R.O.C
Phone: (886)-2-6606-9777/(886)-2-2627-2222
Mail:sales@lankom.com.tw

Announcements

MASNET No. 34 OF 18.10.2004
Announcement No. 34

   LANKOM ELECTRONICS LIMITED

PROPOSED SHARE CONSOLIDATION AND BONUS ISSUE

Further to the announcement dated 4 October 2004, the Board of Directors (the "Directors") of LANKom Electronics Limited (the "Company") is pleased to announce that the Singapore Exchange Securities Trading Limited ("SGX-ST") had on 15 October 2004, granted in-principle approval for the listing and quotation of:

(a)        up to 45,412,800 new ordinary shares of par value US$0.10 each (the "Consolidated Shares") in the capital of the Company arising from the proposed consolidation of every five (5) ordinary shares of par value US$0.02 each into one (1) Consolidated Share (the "Share Consolidation"); and

(b)        up to 45,412,800 new ordinary shares of par value US$0.10 each credited as fully paid up (the "Bonus Shares") arising from the proposed bonus issue on the basis of one (1) Bonus Share for every one (1) Consolidated Share (the "Bonus Issue"),

subject to the following:

(a)      compliance with SGX-ST's listing requirements; and

(b)      shareholders' approval of the proposed Share Consolidation and Bonus Issue.

The SGX-ST's in-principal approval for the listing and quotation of the Consolidated Shares and the Bonus Shares is not to be taken as an indication of the merits of the Share Consolidation and the Bonus Issue.

The Share Consolidation and the Bonus Issue are subject to the approval of the shareholders of the Company (the "Shareholders") at a Special General Meeting ("SGM") to be convened. A circular to Shareholders setting out further details of the Share Consolidation and the Bonus Issue and containing the Notice of SGM will be dispatched to Shareholders in due course.

The Books Closure Date to determine the entitlement of Shareholders whose registered addresses are in Singapore under the Share Consolidation and Bonus Issue, will be announced in due course.

BY ORDER OF THE BOARD

Lotus Isabella Lim Mei Hua

Company Secretary

Submitted by Lotus Isabella Lim Mei Hua, Company Secretary on 18/10/2004 to the SGX