PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF THE COMPANY PURSUANT TO SECTION 117 OF THE COMPANIES ACT, 2016 ("ACT") ("PROPOSED CAPITAL REDUCTION")

Proposed Capital Reduction via the cancellation of the paid-up share capital of the Company which is lost or unrepresented by available assets of RM192,528,933 pursuant to Section 117 of the Act. The corresponding credit of RM192,528,933 arising from the Proposed Capital Reduction will be used to set-off against the Company's accumulated losses while the remaining balance, if any, will be credited to the retained earnings account of the Company, which shall be used in a manner to be determined by the Board of Directors of the Company (Board) at a later date and in the best interest of the Company, as permitted by the relevant and applicable laws as well as the Main Market Listing Requirements of Bursa Securities.