TEX CYCLE TECHNOLOGY (M) BERHAD (Company No P) (Incorporated in Malaysia)

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Caitlin Robinson
6 years ago
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1 THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. This Circular has been reviewed by RHB Investment Bank Berhad, the Principal Adviser to Tex Cycle Technology (M) Berhad for the Proposals (as defined herein). Bursa Malaysia Securities Berhad ( Bursa Securities ) has not perused the contents of this Circular in relation to the Proposed Bonus Issue (as defined herein) prior to the issuance of this Circular as it is an exempt document pursuant to Guidance Note 22 of the ACE Market Listing Requirements of Bursa Securities and does not require the perusal of Bursa Securities. Bursa Securities takes no responsibility for the contents of this Circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Circular. You should rely on your own evaluation to assess the merits and risks of the proposals as set out in this Circular. TEX CYCLE TECHNOLOGY (M) BERHAD (Company No P) (Incorporated in Malaysia) CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED BONUS ISSUE OF UP TO 85,396,500 NEW ORDINARY SHARES IN TEX CYCLE TECHNOLOGY (M) BERHAD ( TEX CYCLE OR COMPANY ) ( BONUS SHARE(S) ) ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES IN TEX CYCLE ( SHARE(S) ) HELD BY THE SHAREHOLDERS OF THE COMPANY WHOSE NAMES APPEAR ON THE RECORD OF DEPOSITORS OF THE COMPANY AS AT THE CLOSE OF BUSINESS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; (II) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF SHARES (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME DURING THE DURATION OF THE SCHEME TO THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF TEX CYCLE AND ITS SUBSIDIARIES WHICH ARE NOT DORMANT; AND (III) PROPOSED SPECIAL BUMIPUTERA ISSUE OF UP TO 40,260,000 NEW SHARES REPRESENTING 12.50% OF THE ENLARGED TOTAL NUMBER OF SHARES TO BUMIPUTERA INVESTORS TO BE IDENTIFIED AND/OR APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT AN ISSUE PRICE TO BE DETERMINED LATER AND NOTICE OF EXTRAORDINARY GENERAL MEETING Principal Adviser RHB Investment Bank Berhad (Company No P) (A Participating Organisation of Bursa Malaysia Securities Berhad) The Notice of the Extraordinary General Meeting ( EGM ) of Tex Cycle, which has been scheduled to be held at Kota Permai Golf & Country Club, Room Permai 1, No.1, Jalan 31/100A, Kota Kemuning, Section 31, Shah Alam, Selangor Darul Ehsan on Wednesday, 4 October 2017, at a.m. or at any adjournment thereof, together with the Form of Proxy are enclosed herein. A member entitled to attend and vote at the EGM is entitled to appoint a proxy or proxies to attend and to vote for on his/her behalf. Shareholders are advised to refer to the Notice of the EGM and the Form of Proxy that are enclosed. In such event, the Form of Proxy should be lodged at the Registered Office of the Company at Level 2, Tower 1, Avenue 5, Bangsar South City, Kuala Lumpur on or before the date and time indicated below, not less than 48 hours before that time fixed for holding the EGM. The lodging of the Form of Proxy will not preclude you from attending and voting in person at the EGM, should you subsequently wish to do so. Last date and time for lodging the Form of Proxy : Monday, 2 October 2017, at a.m. Date and time of the EGM : Wednesday, 4 October 2017, at a.m. This Circular is dated 18 September 2017

(14948-M) (A Participating Organisation of Bursa Malaysia Securities Berhad)

(14948-M) (A Participating Organisation of Bursa Malaysia Securities Berhad) THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant