NOTICE TO SHAREHOLDERS IN RELATION TO THE

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1 THIS NOTICE IS FOR YOUR INFORMATION ONLY. YOU ARE NOT REQUIRED TO TAKE ANY ACTION. Bursa Malaysia Securities Berhad takes no responsibility for the contents of this Notice, 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 Notice. (Company No D) (Incorporated in Malaysia) NOTICE TO SHAREHOLDERS IN RELATION TO THE ENTITLEMENT DATE FOR THE EXCHANGE OF ALL THE ORDINARY SHARES IN CHEE WAH CORPORATION BERHAD ( CWCB ) ( CWCB SHARES ) WITH NEW ORDINARY SHARES IN CWG HOLDINGS BERHAD (FORMERLY KNOWN AS CWC HOLDINGS BERHAD) ( CWG ) ( CWG SHARES ), VIA A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 ON THE BASIS OF 2 NEW CWG SHARES FOR EVERY 1 EXISTING CWCB SHARE HELD ( SHARE EXCHANGE ) AND SUSPENSION OF TRADING OF CWCB SHARES TO FACILITATE THE SHARE EXCHANGE Principal Adviser RHB Investment Bank Berhad (Company No P) (A Participating Organisation of Bursa Malaysia Securities Berhad) IMPORTANT DATES Entitlement date for the Share Exchange : 5.00 p.m., Thursday, 29 June 2017 Last date and time for trading of CWCB Shares : 5.00 p.m., Tuesday, 20 June 2017 Suspension of trading of CWCB Shares : With effect from 9.00 a.m., Wednesday, 21 June 2017 This Notice is dated 14 June 2017

2 DEFINITIONS Except where the context otherwise requires, the following definitions shall apply throughout this Notice: Act Board Bursa Depository Bursa Securities CDS CDS Account CWCB or the Company CWCB Shares CWG CWG Shares Directors Entitled Shareholders Entitlement Date Explanatory Statement/ Circular High Court Internal Reorganisation : Companies Act, 1965 of Malaysia : Board of Directors of CWCB : Bursa Malaysia Depository Sdn Bhd ( W) : Bursa Malaysia Securities Berhad ( W) : Central Depository System : Securities account maintained through the central depository system operated by Bursa Depository : Chee Wah Corporation Berhad (32250-D) : Ordinary shares in CWCB : CWG Holdings Berhad ( W) (formerly known as CWC Holdings Berhad) : Ordinary shares in CWG : The directors of CWCB or CWG and shall have the meaning given in section 2(1) of the Capital Markets and Services Act, 2007 : Holders of CWCB Shares on the Entitlement Date : 5.00 p.m. on Thursday, 29 June 2017, being the specific time and date set by the Board which the Entitled Shareholders must be registered in CWCB s Record of Depositors in order to be entitled to CWG Shares pursuant to the Share Exchange : Explanatory Statement to shareholders of CWCB pursuant to section 177 of the Act/Circular to shareholders of CWCB dated 24 March 2017 : High Court of Malaya : Internal reorganisation by way of a members scheme of arrangement under section 176 of the Act comprising the following: (a) (b) Share Exchange; and Transfer of Listing Market Day Notice "Record of Depositors" RHB Investment Bank RM : A day on which Bursa Securities is open for trading in securities : This notice of entitlement to shareholders dated 14 June 2017 in relation to the Share Exchange : A record of securities holders provided by Bursa Depository under the Rules of Bursa Depository : RHB Investment Bank Berhad (19663-P) : Ringgit Malaysia i

3 DEFINITIONS (CONT D) Rules of Bursa Depository Rules of Bursa Securities Scheme of Arrangement Share Exchange Share Exchange Agreement : The rules of Bursa Depository : The rules of Bursa Securities : A scheme of arrangement between CWCB and the shareholders of CWCB under section 176 of the Act to effect the Internal Reorganisation : Exchange of the entire 42,096,700 issued CWCB Shares with 84,193,400 CWG Shares, on the basis of 2 new CWG Shares for every 1 existing CWCB Share held on the Entitlement Date : Conditional share exchange agreement dated 14 November 2016 entered into between CWCB and CWG in relation to the implementation of the Scheme of Arrangement SICDA : Securities Industry (Central Depositories) Act, 1991 " Transfer of Listing" : Assumption of the listing status of CWCB by CWG and the admission of CWG to, and withdrawal of CWCB from, the Official List of Bursa Securities, with the listing of and quotation for the entire CWG Shares on the Main Market of Bursa Securities All references to you or your in this Notice are to the shareholders of CWCB. Words denoting the singular shall, where applicable, include the plural and vice versa and words denoting the masculine gender shall, where applicable, include the feminine and neuter gender and vice versa. References to persons shall include corporations, unless otherwise specified. Any discrepancies in the table included in this Notice between the amounts listed, actual figures and totals thereof are due to rounding. Any reference to time of day in this Notice is a reference to Malaysian time, unless otherwise specified. Any reference in this Notice to any enactment or guidelines is a reference to that enactment or guidelines as for the time being amended or re-enacted. THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK ii

4 TABLE OF CONTENTS SECTION PAGE 1. INTRODUCTION 1 2. NOTICE OF ENTITLEMENT DATE FOR THE SHARE EXCHANGE 2 3. SUSPENSION OF TRADING OF CWCB SHARES AND LISTING OF AND QUOTATION FOR CWG SHARES 2 4. PROCEDURES FOR THE SHARE EXCHANGE 3 5. DIRECTORS RESPONSIBILITY STATEMENT 3 6. FURTHER INFORMATION 3 iii

5 (Company No D) (Incorporated in Malaysia) Registered Office 6428 Lorong Mak Mandin Tiga Mak Mandin Industrial Estate Butterworth, Penang 14 June 2017 Board of Directors Dato Mohd. Junid Bin Mohd. Md Noor (Independent Non-Executive Chairman) Khor Say Beng (Group Managing Director) Ooi Chin Soon (Group Executive Director) Lee Eng Sheng (Group Finance Director) Khor Wan Keong (Group Executive Director) Tan Hing Chin Hing Ming (Independent Non-Executive Director) Razmi Bin Alias (Independent Non-Executive Director) To: The shareholders of Chee Wah Corporation Berhad Dear Sir/Madam, ENTITLEMENT DATE FOR THE EXCHANGE OF ALL THE CWCB SHARES WITH NEW CWG SHARES, VIA A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE ACT ON THE BASIS OF 2 NEW CWG SHARES FOR EVERY 1 EXISTING CWCB SHARE HELD AND SUSPENSION OF TRADING OF CWCB SHARES TO FACILITATE THE SHARE EXCHANGE 1. INTRODUCTION On 14 November 2016, RHB Investment Bank had, on behalf of the Board, announced that the Company intends to undertake, among others, the Internal Reorganisation. For the purpose of the Internal Reorganisation, the Company and CWG had on the same date entered into the Share Exchange Agreement. On 10 January 2017, RHB Investment Bank had, on behalf of the Board, announced that the High Court had granted an order for the convening of meeting of CWCB s shareholders for the purpose of considering and, if thought fit, approving the Scheme of Arrangement. On 2 March 2017, RHB Investment Bank had, on behalf of the Board, announced that the name of CWG was changed from CWC Holdings Berhad to CWG Holdings Berhad on 23 January On 8 March 2017, RHB Investment Bank had, on behalf of the Board, announced that Bursa Securities had, vide its letter dated 7 March 2017, granted its approval for, among others, the admission of CWG to the Official List of Bursa Securities and the listing of and quotation for the enlarged issued share capital of CWG of RM42,096,701 comprising 84,193,402 CWG Shares under the Consumer Products sector on the Main Market of Bursa Securities, in place of CWCB. 1

6 On 19 April 2017, the Board announced that the shareholders of CWCB had approved, among others, the Scheme of Arrangement at the Court Convened Meeting and the Internal Reorganisation at the Extraordinary General Meeting held on even date. On 31 May 2017, RHB Investment Bank Berhad had, on behalf of the Board, announced that the approval of the High Court for the Internal Reorganisation was obtained on 31 May An office copy of the order of the High Court approving the Internal Reorganisation will be lodged with the Registrar of Companies in due course. On 13 June 2017, RHB Investment Bank had, on behalf the Board, announced that the Entitlement Date is at 5.00 p.m. on Thursday, 29 June This Notice is intended to provide you with information relating to the suspension of trading of CWCB Shares and the Entitlement Date to facilitate the Share Exchange. No action is required on your part. This Notice should be read together with the Explanatory Statement/Circular. 2. NOTICE OF ENTITLEMENT DATE FOR THE SHARE EXCHANGE Under the Share Exchange, you will receive new CWG Shares in exchange for your CWCB Shares held on the Entitlement Date, on the following basis: 2 CWG Shares For every 1 CWCB Share held If your name appears in the Record of Depositors of CWCB at the close of business on Thursday, 29 June 2017, you shall be entitled to participate in the Share Exchange and you shall qualify for entitlement only in respect of: (i) (ii) those CWCB Shares transferred to your CDS Account on or before 4.00 p.m. on Thursday, 29 June 2017; and those CWCB Shares bought on Bursa Securities on a cum-entitlement basis according to the Rules of Bursa Securities. As Bursa Securities has prescribed CWCB Shares to be under the CDS under Section 14(1) of the SICDA, all dealings in CWCB Shares are and will be subject to the provisions of the SICDA and the Rules of Bursa Depository. Upon completion of the Share Exchange, CWCB will undertake the Transfer of Listing, whereby CWCB and CWCB Shares will be withdrawn from the Official List of Bursa Securities and CWG will be admitted to the Official List of Bursa Securities in place of CWCB, with the listing of and quotation for the entire issued share capital of CWG, comprising 84,193,402 CWG Shares, on the Main Market of Bursa Securities. When Bursa Securities prescribes CWG Shares as prescribed securities pursuant to Section 14(1) of the SICDA, any dealings in CWG Shares will be subject to the provisions of the SICDA and the Rules of Bursa Depository. The new CWG Shares to be issued pursuant to the Share Exchange shall, upon allotment and issue, rank pari passu in all respects with each other and the then 2 existing issued CWG Shares. 3. SUSPENSION OF TRADING OF CWCB SHARES AND LISTING OF AND QUOTATION FOR CWG SHARES In order to facilitate the Share Exchange, the trading of CWCB Shares on the Main Market of Bursa Securities will be suspended from 9.00 a.m. on Wednesday, 21 June 2017, being 3 clear Market Days prior to the Entitlement Date. Accordingly, the last day of trading of CWCB Shares on the Main Market of Bursa Securities shall be at 5.00 p.m. on Tuesday, 20 June

7 The suspension of trading of CWCB Shares will continue until the admission of CWG to the Official List of Bursa Securities and the CWG Shares to be issued under the Share Exchange are listed and quoted on the Main Market of Bursa Securities. CWG Shares will be listed and quoted on the Main Market of Bursa Securities upon completion of the Share Exchange and Transfer of Listing. The listing of and quotation for CWG Shares will commence after the receipt of confirmation from Bursa Depository that all the CDS Accounts of the Entitled Shareholders in respect of the Share Exchange have been duly credited and notices of allotment have been despatched to them. For information purposes, upon listing on the Main Market of Bursa Securities, CWG Shares will assume the stock name and stock code of CWG and 9423 respectively. The expected date for the listing of and quotation for CWG Shares is by early July PROCEDURES FOR THE SHARE EXCHANGE YOU ARE NOT REQUIRED TO TAKE ANY ACTION. On the Entitlement Date, your CWCB Shares will be exchanged with new CWG Shares. All CWCB Shares deposited in your CDS Account on the Entitlement Date will be debited and the new CWG Shares will be credited directly into the same CDS Account in which your existing CWCB Shares are currently deposited. No physical share certificate will be issued to you in respect of CWG Shares. However, a notice of allotment will be despatched to you at the address shown on the Record of Depositors as at the Entitlement Date. The allotment and crediting of CWG Shares will be made within 8 Market Days from the Entitlement Date. 5. DIRECTORS RESPONSIBILITY STATEMENT This Notice has been seen and approved by the Board who collectively and individually accept full responsibility for the accuracy of the information contained herein and confirm that, after making all reasonable enquiries and to the best of their knowledge and belief, there are no other facts, the omission of which would make any statement herein misleading. 6. FURTHER INFORMATION All enquiries concerning this Notice should be addressed to the Share Registrar of CWCB, whose contact details are as follows: Tricor Investors & Issuing House Services Sdn. Bhd. Unit 32-01, Level 32, Tower A Vertical Business Suite, Avenue 3, Bangsar South No 8, Jalan Kerinchi Kuala Lumpur Telephone : Facsimile : Yours faithfully, For and on behalf of the Board CHEE WAH CORPORATION BERHAD DATO MOHD. JUNID BIN MOHD. MD NOOR INDEPENDENT NON-EXECUTIVE CHAIRMAN 3

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