Hextar Global Berhad

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor,If you accountant are in any doubt or other as professionalto the course adviser of action immediately. you should take, you should consult your stockbroker, bank manager, If you are in any doubt as to the course of action you should take, you should consult your stockbroker, bank manager, THISsolicitor, CIRCULAR accountant IS IMPORTANT or other professional AND REQUIRES adviser immediately.YOUR IMMEDIATE ATTENTION. solicitor, accountant or other professional adviser immediately. Bursa Malaysia Securities Berhad takes no responsibility for the contents of this Circular, makes no representation as Ifto you itsBur accuracy aresa inMalaysia any or doubt completeness Securities as to the Berhad course and expressly takes of action no disclaimsresponsibility you should any take, forliability the you conte whatsoevershouldnts consult of this for Circular, yourany lossstockbroker, makes howsoever no bank representation arising manager, from as Bursa Malaysia Securities Berhad takes no responsibility for the contents of this Circular, makes no representation as orsolicitor, into reliance its accountantaccuracy upon orthe or completeness wholeother professionalor any andpart expresslyof adviser the contents immediately. disclaims of this any Circular. liability whatsoever for any loss howsoever arising from 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. Bursaor inMalaysia reliance Securities upon the wholeBerhad or takes any partno responsibility of the contents for ofthe this conte Circular.nts 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.

HEXTAR GLOBAL BERHAD (FormerlyHEXTAR known as GLOBALHalex Holdings BERHAD Berhad) Registration(Formerly No.known 199001014551 as Halex Holdings(206220 Berhad)-U) HEXTAR GLOBAL BERHAD Registration(Incorporated No. 199001014551 in Malaysia) (206220-U) (Formerly known(Incorporated as Halex inHoldings Malaysia) Berhad) Registration No. 199001014551 (206220-U) CIRCULAR TO(Incorporated SHAREHOLDERS in Malaysia) IN RELATION TO CIRCULAR TO SHAREHOLDERS IN RELATION TO

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NOTICE OF EXTRAORDINARYAND GENERAL MEETING NOTICE OF EXTRAORDINARY GENERAL MEETING

The Notice of the ExtraordinaryNOTICE General OF EXTRAORDINARY Meeting (“EGM”) to GENERALbe held at Grand MEETING Patio, Level 2, Concorde Hotel Shah Alam,The 3, Notice Jalan Tengkuof the Extraordinary Ampuan Zabedah General C9/C, Meeting 40100 (“ ShahEGM”) Alam, to be Sela heldngor at Grand Darul Patio,Ehsan Levelon Monday 2, Concorde, 24th February Hotel Shah The Notice of the Extraordinary General Meeting (“EGM”) to be held at Grand Patio, Level 2, Concorde Hotel Shah 2020Alam,at 10.30 3, Jalana.m Tengku. together Ampuan with the Zabedah Form of C9/C, Proxy 40100is enclosed Shah Alam,herewith. Sela ngor Darul Ehsan on Monday, 24th February Alam, 3, Jalan Tengku Ampuan Zabedah C9/C, 40100 Shah Alam, Selangor Darul Ehsan on Monday, 24th February 2020 at 10.30 a.m. together with the Form of Proxy is enclosed herewith. The2020 Noticeat of10.30 the Extraordinarya.m. together Generalwith the FormMeetingof Proxy(“EGMis”) enclosedto be held herewith. at Grand Patio, Level 2, Concorde Hotel Shah A shareholder entitled to attend and vote at the EGM is entitled to appoint proxy(ies) to attend and voteth on his/her behalf.Alam,A shareholder 3, In Jalan such Tengku event entitled, Ampuanthe to Form attend Zabedah of andProxy vote C9/C,must at 40100the be EGMlodged Shah is entitledatAlam, the Selaoffice to appointngor of theDarul proxy(ies) Share Ehsan Registrar, onto attendMonday Tricor and, 24 vote InvestorFebruary on his/her & A shareholder entitled to attend and vote at the EGM is entitled to appoint proxy(ies) to attend and vote on his/her 2020Issuingbehalf.at House10.30 In such aServices.m. togetherevent Sdn., the with Bhd.Form the at ofForm Unit Proxy 32of Proxy-01,must Level isbeenclosed lodged32, Tower at herewith. the A, officeVertical of Businessthe Share Suite, Registrar, Avenue Tricor 3, Bangsar Investor & behalf. In such event, the Form of Proxy must be lodged at the office of the Share Registrar, Tricor Investor & South,Issuing No. House8, Jalan Services Kerinchi, Sdn.59200 Bhd. Kuala at Unit Lumpur 32-01, orLevel its Customer32, Tower ServiceA, Vertical Centre Business at Unit Suite, G-3, Avenue Ground 3, Floor,Bangsar Issuing House Services Sdn. Bhd. at Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar AVertical shareholderSouth, Podium, No. entitled8, AvenueJalan to Kerinchi, attend3, Bangsar and59200 vote South, Kualaat the No. EGMLumpur 8, Jalan is entitledor Kerinchi, its Customer to appoint 59200 Service proxy(ies) Kuala LumpurCentre to attend atnot Unit laterand G vote-than3, Ground on 48 his/her hours Floor, South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur or its Customer Service Centre at Unit G-3, Ground Floor, behalf.beforeVertical theIn suchtime Podium, andevent date Avenue, the stipulated Form 3, Bangsar of forProxy the South, EGM,must beNo.as lodgedindicated 8, Jalan at below,Kerinchi,the office or at59200 of any the adjournment KualaShare LumpurRegistrar, therenot of.Tricor later The thanInvestor lodging 48 hoursof& Vertical Podium, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur not later than 48 hours theIssuing beforeForm House of the Proxy time Services willand not date Sdn. preclude stipulated Bhd. atyou Unit for from the32 - attendingEGM,01, Level as indicatedand32, votingTower below, inA, person Vertical or at at any Business the adjournment EGM Suite, should Avenuethere you of.subsequently 3,The Bangsar lodging of before the time and date stipulated for the EGM, as indicated below, or at any adjournment thereof. The lodging of South,wishthe to FormNo.do so. 8, of Jalan Proxy Kerinchi,will not preclude59200 Kuala you fromLumpur attending or its andCustomer voting inService person C atentre the EGMat Unit should G-3, youGround subsequently Floor, the Form of Proxy will not preclude you from attending and voting in person at the EGM should you subsequently Verticalwish Podium,to do so. Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur not later than 48 hours beforewish the to timedo so. and date stipulated for the EGM, as indicated below, or at any adjournment thereof. The lodging of theLast Form date ofand Proxy time willfor lodgingnot preclude the Form you offrom Proxy attending: Saturday and voting, 22 innd personFebruary at 2020the EGMat 10.30 shoulda.m you. subsequently ExtraordinarywishLast to do date so. and General time forMeeting lodging the Form of Proxy: : Monday,Saturday 24th, February22nd February 2020 2020at 10.30at 10.30a.m. a.m. Last date and time for lodging the Form of Proxy : Saturday, 22nd February 2020 at 10.30 a.m. Extraordinary General Meeting : Monday, 24th February 2020 at 10.30 a.m. Extraordinary General Meeting : Monday, 24th February 2020 at 10.30 a.m. Last date and time for lodging the Form of Proxy : Saturday, 22nd February 2020 at 10.30 a.m. Extraordinary General Meeting This Circular is dated: M onday,31 January 24th February 2020 2020 at 10.30 a.m. This Circular is dated 31 January 2020

This Circular is dated 31 January 2020 Definitions

Except where the context otherwise requires, the following definitions shall apply throughout this Circular:

“Act” : Companies Act 2016, as amended from time to time and any re- enactment thereof

“Board” : Board of Directors of HGB

“Buildings” : Single storey detached factory with an annexed double storey office building together with other ancillary buildings erected on the Land

“Bursa Securities” : Bursa Malaysia Securities Berhad

“Circular” : This circular to shareholders of HGB dated 31 January 2020

“Company” or “HGB” : Hextar Global Berhad (Formerly known as Halex Holdings Berhad) (Registration No. 199001014551) (206220-U)

“EGM” : Extraordinary General Meeting

“EPS” : Earnings per share

“FYE” : Financial year ending/ended

“Group” or “HGB Group” : HGB and its subsidiaries, collectively

“HLSB” or “Vendor” : Halex Link Sdn Bhd (Registration No. 201501029863) (1155186-P)

“HWSB” : Halex Woolton (M) Sdn Bhd (Registration No. 198701002860) (161532-H)

“Land” : The piece of freehold industrial land held under GM 826, Lot 142, Locality of Batu 11 ½, Jalan Ulu Tiram, Mukim of Plentong, District of Johor Bahru, State of Johor measuring approximately 11.128 acres (4.50318 hectares) bearing postal address Lot 142, Batu 11½, Jalan Kota Tinggi, 81800 Ulu Tiram, Johor Darul Takzim

“Listing Requirements” : Main Market Listing Requirements of Bursa Securities

“LPD” : 7 January 2020, being the latest practicable date prior to the printing of this Circular

“Market Day” : A day on which Bursa Securities is open for trading in securities

“NA” : Net assets

“NBV” : Net book value

“PCSB” or “Purchaser” : Plato Chemical (M) Sdn Bhd (Registration No. 201801033797) (1295824-H)

“Property” : The Land and Buildings

“Proposed Disposal” : The proposed disposal by HLSB of the Property as set out in the SPA

“Purchase Price” : A cash consideration of RM30,000,000 in relation to the Proposed Disposal

i Definitions

“RM” and “sen” : Ringgit Malaysia and sen respectively

“SPA” : The conditional sale and purchase agreement entered into between the Vendor and the Purchaser dated 21 October 2019 for the Proposed Disposal

“Valuer” : Savills (Johor) Sdn Bhd, being the independent valuer appointed by the Company

Reference to “our Company”, “we”, “us” and “ourselves” in this Circular are to our Company and where the context otherwise requires, shall include our subsidiary companies. Reference to “our Group” is to our Company and our subsidiary companies. All references to “you” and “your” in this Circular are to the shareholders of the Company.

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/or neuter gender, and vice versa. References to persons shall include corporations, unless otherwise specified.

Any reference in this Circular to any enactment is a reference to that enactment as for the time being amended or re-enacted. Any reference to time of day in this Circular shall be a reference to Malaysian time, unless otherwise stated.

Certain figures included herein have been subject to rounding adjustments.

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ii CONTENTS

LETTER TO THE SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL CONTAINING:

PAGE 1. INTRODUCTION 1 2. DETAILS OF THE PROPOSED DISPOSAL 2 3. BASIS AND JUSTIFICATION FOR THE PURCHASE PRICE 4 4. RATIONALE AND BENEFITS OF THE PROPOSED DISPOSAL 4 5. UTILISATION OF PROCEEDS 5 6. RISK FACTORS 5 7. EFFECTS OF THE PROPOSED DISPOSAL 6 8. HIGHEST PERCENTAGE RATIO 7 9. APPROVALS REQUIRED 7 10. CONDITIONALITY OF TRANSACTION 7 11. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR 7 PERSONS CONNECTED TO THEM 12. DIRECTORS STATEMENT/RECOMMENDATION 7 13. TENTATIVE TIMETABLE FOR IMPLEMENTATION 7 14. EGM 8 15. FURTHER INFORMATION 8

APPENDICES:

I. SALIENT TERMS AND CONDITIONS OF THE SPA 9 II. VALUERS CERTIFICATE 11 III. FURTHER INFORMATION 20

NOTICE OF EGM ENCLOSED

FORM OF PROXY ENCLOSED

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iii LETTER TO SHAREHOLDERS HEXTAR GLOBAL BERHAD (Formerly known as Halex Holdings Berhad) Registration No. 199001014551 (206220-U) (Incorporated in Malaysia)

Registered Office: Unit 30-01, Level 30 Tower A, Vertical Business Suite Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur

31 January 2020

Board of Directors:

Y.D.H. Dato’ Sri Dr. Erwan Bin Dato’ Haji Mohd Tahir (Independent Non-Executive Chairman) Y. Bhg. Dato’ Ong Soon Ho (Non-Independent Non-Executive Vice Chairman) Y. Bhg. Dato’ Eddie Ong Choo Meng (Non-Independent Executive Director) Lee Chooi Keng (Non-Independent Executive Director) Yeoh Chin Hoe (Senior Independent Non-Executive Director) Liew Jee Min @ Chong Jee Min (Independent Non-Executive Director)

To: The Shareholders of HGB

Dear Sir/ Madam,

RE: PROPOSED DISPOSAL

1. INTRODUCTION

On 21 October 2019, the Company had announced that HLSB had on even date entered into a conditional SPA with the Purchaser for the Proposed Disposal, for a total cash consideration of RM30,000,000

THE PURPOSE OF THIS CIRCULAR IS TO PROVIDE YOU WITH INFORMATION ON THE PROPOSED DISPOSAL, TO SET OUT THE RECOMMENDATION OF YOUR BOARD AND TO SEEK YOUR APPROVAL FOR THE RESOLUTION PERTAINING TO THE PROPOSED DISPOSAL TO BE TABLED AT THE FORTHCOMING EGM OF THE COMPANY.

THE NOTICE OF THE EGM TOGETHER WITH THE FORM OF PROXY ARE ENCLOSED HEREWITH IN THIS CIRCULAR.

YOU ARE ADVISED TO READ THE CONTENTS AND APPENDICES OF THIS CIRCULAR CAREFULLY BEFORE VOTING ON THE RESOLUTION PERTAINING TO THE PROPOSED DISPOSAL AT THE FORTHCOMING EGM.

1 2. DETAILS OF THE PROPOSED DISPOSAL

Pursuant to the Proposed Disposal, the Vendor has agreed to sell and the Purchaser has agreed to purchase the Property set out in the Proposed Disposal, with vacant possession and free from any encumbrances, caveat, guarantee, prohibitory order or any third party claiming interest of any nature but subject to all conditions of title whether express or implied in respect thereof, subject to the terms and conditions contained in the SPA.

2.1 Details of Property

The Property front onto an unnamed metalled road lying off Jalan Kota Tinggi within Batu 11 1/2, Jalan Kota Tinggi, Ulu Tiram, Johor Darul Takzim. It is located about 20 kilometres to the north-east of the Johor Bahru city centre.

The present approach of the Property from the City Centre of Johor Bahru is by way of Tebrau Highway, Jalan Pandan, Jalan Kota Tinggi towards its 11th mile post turn off onto an unnamed metalled road.

A summary of the details of the Property are set out below:

Registered owner : HLSB

Description : 11.128 acres parcel of industrial land presently built upon with a single storey detached factory with an annexed 2-storey office building together with other ancillary buildings

Title Particulars : GM 826, Lot 142, Locality of Batu 11 ½, Jalan Ulu Tiram, Mukim of Plentong, District of Johor Bahru, State of Johor

Postal Address : Lot 142, Batu 11 ½, Jalan Kota Tinggi, 81800 Ulu Tiram, Johor Darul Takzim

Terms of Tenure : Freehold

Category of Land Use : Perusahaan/ Perindustrian

Existing Use : Vacant

Age of Buildings and : Approximately 9 years with an area of Approximate Area approximately 45,033 square metres and a build-up area of approximately 18,032 square metres (equivalent to 194,100 square feet)

Valuation : Market Value of the Property - RM31,000,000 (using Comparison Approach and Cost Approach) appraised by Savills (Johor) Sdn. Bhd vide its valuation certificate dated 19 November 2019

NBV as at 31 December 2018 : RM30,700,000

2 Encumbrances/Endorsements* : i) Charged to Hong Leong Islamic Bank Berhad ii) Acquire part of land about 1.1849 acres vide Presentation No. 191 /1995 Jil. 27 Fol. 13 Pengambilan Sebahagian Tanah - Borang K, registered on 15 February 1995. iii) A private caveat lodged by Hong Leong Bank Berhad vide Presentation No. 127 /2007, registered on 13 March 2007. iv) A private caveat has been lodged by PCSB vide Presentation No. 577 /2019, registered on 29 July 2019.

Notes*:

(i) The reasons for lodging the private caveats by these parties; and

1) The private caveat lodged by Hong Leong Bank Berhad (“HLBB”) on the said property was to secure a financial facility granted by HLBB to HWSB, a wholly owned subsidiary of HGB in March 2007. The caveat expired on 13 March 2013 and is no longer valid based on a land search conducted on 21 January 2020.

2) Prior to the signing of the SPA, PCSB paid a sum of USD200,000 as earnest deposit following which the parties entered into negotiations on the terms of the sale and purchase of the property. The private caveat was lodged by the PCSB to secure it’s interest.

(ii) Impact of the lodgement of private caveats to the Proposed Disposal;

1) The private caveat lodged by HLBB is no longer valid based on a land search on 21 January 2020, thus there is no impact on the Proposed Disposal.

2) The private caveat lodged by PCSB will be withdrawn on presentation of transfer of the said property on completion.

2.2 Original Cost of Investment

The Property was acquired by HWSB at total price of RM10,111,000 pursuant to a sale and purchase agreement dated 2 October 2006.

The Property were subsequently transferred to HLSB at total price of RM31,000,000 pursuant to a sale and purchase agreement dated on 13 June 2017.

2.3 Information on Vendor and Purchaser

Vendor HLSB is a company incorporated on 12 August 2015 in Malaysia with an issued share capital of RM2,500,000 HLSB is a wholly-owned subsidiary of HGB.

Purchaser PCSB is a company incorporated on 20 September 2018 in Malaysia with an issued share capital of RM2,500,000 The directors and shareholders of PCSB are as follows:

Directors & Shareholders Shareholdings

1. Liaw Shie Poen 625,000 ordinary shares (25%) 2. Liaw Kok Tjong William 625,000 ordinary shares (25%) 3. Ku Man Ning James 625,000 ordinary shares (25%) 4. Liaw Siu Wen Julia 625,000 ordinary shares (25%)

3 2.4 Liabilities

There are no liabilities, including contingent liabilities, in relation to the Proposed Disposal which remain with the Company.

Further, there is no guarantee given by the Company to the Purchaser pursuant to the Proposed Disposal.

3. BASIS AND JUSTIFICATION FOR THE PURCHASE PRICE

3.1 Basis for Arriving at the Purchase Price

The Purchase Price was arrived at based on a “willing buyer willing seller” basis after taking into consideration the following:-

(i) the original cost of investment of RM10,111,000 on 2 October 2006;

(ii) the NBV of the Property based on the latest audited consolidated financial statements of the Company for the FYE 31 December 2018 of RM30,700,000;

(iii) the indicative market value of the Property of RM31,000,000 as valued by the Valuer;

(iv) the financial position of HGB Group;

(v) the amount and frequency of property transactions of similar property; and

(vi) the current economic conditions and prevailing real estate sentiments in the vicinity of Ulu Tiram.

3.2 Justification for the Purchase Price

The Property has been left vacant following the consolidation and move of the Company’s manufacturing operations to Taruka, Johor Bahru in February 2019. The Group has no immediate plans for the resumption of manufacturing at Ulu Tiram and with no immediate plans to utilize the premises, bearing in mind the generally soft real estate market in the vicinity, the Board has seen fit to dispose of the Property at the price offered by the interested purchaser.

4. RATIONALE AND BENEFITS OF THE PROPOSED DISPOSAL

The Proposed Disposal is in line with the internal re-organisation of the production operations of the HGB Group which consolidated two production operation locations into a single operation location following which the Property will no longer be used or required by the Group.

The cash consideration received from the Proposed Disposal would be used to retire the loan taken from the bank for which the Property had been charged as collateral and the surplus cash would strengthen the Group’ cash resources.

4 5. UTILISATION OF PROCEEDS

The Proposed Disposal is expected to raise gross cash proceeds of RM30,000,000 to be utilised in the following manner:

Estimated Timeframe Details of Utilisation for Utilisation RM (‘000) Repayment of term loan on the Within 3 months 20,667 Property (refer Note 1)

Repayment of interest-free non- Within 3 months 8,576 trade inter-company advances from HLSB to HGB.

Working capital for the Group Within 12 months from the 757 (refer Note 2) date of completion of the Proposed Disposal

TOTAL 30,000

Notes:

(1) Assuming the estimated outstanding term loan of RM20.67 million at the point of redemption. The redemption of term loan may result in an interest savings of RM1.10 million for the financial year 2020

(2) To fund the Group’s working capital as set out below:

Working capital RM Purchase of raw materials 757

6. RISK FACTORS

The risk factors (which may not be exhaustive) in relation to the Proposed Disposal are set out below:

6.1 Non-Completion of the Proposed Disposal

The completion of the Proposed Disposals is conditional upon the Conditions Precedents in the SPA. There can be no assurance that all the Conditions Precedent will be fulfilled or obtained in a timely manner or at all. Should a delay or non-completion of the Proposed Disposal occur, HGB Group may not realise all the benefits that may accrue to it from the proposed utilisation of proceeds. Notwithstanding the above, HGB shall endeavour to ensure that all the Conditions Precedent are met and that the Proposed Disposal is completed in a timely manner.

6.2 Failure and/or Delay in Approvals from Relevant Parties

The Proposed Disposal is conditional upon approvals received from the shareholders of HGB at an EGM to be convened. There is no assurance that the approval could be obtained within the permitted time period. Nevertheless, HGB will ensure that every effort is made to obtain its shareholders’ approval for the Proposed Disposal within the permitted time period.

5 5 6.3 Failure and/or Delay in Obtaining the Discharge of Charge Registered in favour of HLIB.

Any delay in obtaining the Discharge of Charge registered in favour of HLIB will result in a delay in the release of the balance purchase price to the Company. In the event the Company is unable to register the discharge of charge within 30 working days of written request from PCSB, PCSB shall be entitled to terminate the SPA and claim liquidated damages against the Company.

7. EFFECTS OF THE PROPOSED DISPOSAL

7.1 Share Capital and Substantial Shareholder’s Shareholdings

The Proposed Disposal will not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings of HGB as the Proposed Disposal does not involve any issuance of new shares in HGB.

7.2 Net Assets Per Share and Gearing

Based on the latest audited consolidated financial statements of HGB as at 31 December 2018, the proforma effects of the Proposed Disposal are as follows:

Audited as at 31 After the Proposed December 2018 Disposal (RM’000) (RM’000) Share Capital* 54,970 54,970 Reserves# 7,154 7,064 Total equity attributable to 62,124 62,034 owners of the Company No. of HGB shares* (‘000) 105,973 105,973 NA per HGB share (RM) 0.59 0.59

Total Bank Borrowings 44,002 21,269 Gearing 0.71 0.34

* Excluding Treasury shares and additional issuance of 714,679,564 new ordinary shares pursuant to the completion of acquisition of Hextar Chemicals Limited on 30 April 2019. # Assuming the estimated loss of RM90,000 arising from the Proposed Disposal.

7.3 EPS

The Proposed Disposal will not have a material effect on the earnings of HGB Group for the FYE 31 December 2019.

7.4 Expected Gain/Loss from the Proposed Disposal

The expected loss arising from the Proposed Disposal is estimated to be RM90,000 as tabulated below:-

Computation of Loss from the Proposed Disposal RM'000 Selling price 30,000 Less: NBV of the Property as at 31 December 2019 (30,268) Gross loss on the Proposed Disposal (268) Less: Incidental costs in connection with the Proposed Disposal (1,307) Realisation of deferred taxation 1,485 Expected loss from the Proposed Disposal (90)

6 8. HIGHEST PERCENTAGE RATIO

The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Listing Requirements is approximately 49.90% based on the latest audited consolidated financial statements of HGB for the FYE 31 December 2018.

9. APPROVALS REQUIRED

The Proposed Disposal is subject to the approvals of the following:

(i) The State Authority of Johor for the transfer of Land to PCSB; (ii) HGB’s shareholders approval to be obtained at an EGM to be convened for the Proposed Disposal; and (iii) Other relevant authorities and/or parties, if required.

10. CONDITIONALITY OF TRANSACTION

There is no other intended corporate exercise/scheme which have been announced but yet to be completed as at the LPD.

The Proposed Disposal is not conditional/inter-conditional upon any other corporate exercise/scheme.

11. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM

None of the Directors, major shareholders or persons connected to them has any interest, direct or indirect, in the Proposed Disposal.

12. DIRECTORS STATEMENT/RECOMMENDATION

The Board, after careful deliberation and having considered all aspects of the Proposed Disposal, including but not limited to the rationale, salient terms of the SPA, financial effects and the valuation of the Property, is of the opinion that the Proposed Disposal is in the best interest of HGB.

Accordingly, the Board recommends that you vote in favour of the resolution pertaining to the Proposed Disposal at the forthcoming EGM of the Company.

13. TENTATIVE TIMETABLE FOR IMPLEMENTATION

Barring any unforeseen circumstances, subject to the fulfilment of all conditions precedent as stipulated in the SPA and the required approvals being obtained, the tentative timeframe for the implementation of the Proposed Disposal is set out below:

Tentative timeframe Key milestones Monday, 24 February 2020 EGM for the Proposed Disposal Monday, 2 March 2020 Completion of the Proposed Disposal

7 14. EGM

The EGM, notice of which is enclosed with this Circular, will be held at Grand Patio, Level 2, Concorde Hotel Shah Alam, 3, Jalan Tengku Ampuan Zabedah C9/C, 40100 Shah Alam, Selangor Darul Ehsan on Monday, 24 February 2020 at 10.30 a.m. for the purpose of considering and, if thought fit, passing the ordinary resolution to give effect to the Proposed Disposal.

If you are unable to attend and vote in person at the EGM, you are requested to complete, sign and return the enclosed Form of Proxy in accordance with the instructions printed therein to the office of the Share Registrar, Tricor Investor & Issuing House Services Sdn. Bhd. at Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur or its Customer Service Centre at Unit G-3, Ground Floor, Vertical Podium, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, not later than forty-eight (48) hours before the time appointed for holding the EGM or any adjournment thereof. The lodging of the Form of Proxy will not preclude you from attending and voting in person should you subsequently wish to do so.

15. FURTHER INFORMATION

Shareholders are requested to refer to the enclosed appendices for additional information.

Yours faithfully, For and on behalf of the Board of Directors HEXTAR GLOBAL BERHAD (Formerly known as Halex Holdings Berhad)

Y.D.H. DATO’ SRI DR. ERWAN BIN DATO’ HAJI MOHD TAHIR Independent Non-Executive Chairman

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8 APPENDIX I APPENDIX I

SALIENT TERMS AND CONDITIONS OF THE SPA SALIENT TERMS AND CONDITIONS OF THE SPA

I. Payment of Purchase Price I. Payment of Purchase Price The Purchase Price shall be settled in the following manner:- The Purchase Price shall be settled in the following manner:- (a) Deposit of 10% of the Purchase Price amounting to RM3,000,000 (“Deposit”) to be paid (a) asDeposit follows: of 10% of the Purchase Price amounting to RM3,000,000 (“Deposit”) to be paid as follows: (i) Earnest deposit of USD200,000 which is equivalent to RM820,200. paid by the (i) PurchaserEarnest deposit to the ofVendor USD200,000 prior to the which execution is equivalent of the SPA; to RM820, and 200. paid by the Purchaser to the Vendor prior to the execution of the SPA; and (ii) RM2,179,800 being the balance of the Deposit to be paid by the Purchaser to the (ii) Vendor’sRM2,179,800 solicitors being upon the balance the exec ofution the Deposit of the SPA.to be paid(The byDeposit, the Purchaser less the to Real the PropertyVendor’s Gainssolicitors Tax uponretention the sum,exec utionif any) of shall the beSPA. placed (The by Deposit, the Vendor’s less thesolicitors Real asProperty stakeholders Gains Tax in a retention fixed deposit sum, accountif any) shall until be the placed unconditional by the Vendor’s date of solicitorsthe SPA whenas stakeholders the solicitors in shalla fixed release deposit the account deposit untilsum theand unconditionalaccrued interest date to ofthe the Vendor SPA providedwhen the solicitorsthe redemption shall release sum theis lesserdeposit than sum Ninetyand accrued per centum interest (90%)to the Vendorof the Purchaseprovided thePrice redemptionamounting sumto RM27,000,000 is lesser thanonly Ninety (“Balance per centumPurchase (90%) Price of”). the Purchase Price amounting to RM27,000,000 only (“Balance Purchase Price”). (b) the Balance Purchase Price to be paid on or before the date of expiry of thirty (30) days (b) fromthe Balance the date Purchase the SPA Pricebecomes to be unconditional. paid on or before the date of expiry of thirty (30) days from the date the SPA becomes unconditional.

II. Conditions Precedent II. Conditions Precedent The SPA is conditional upon the following conditions precedent being fulfilled within 6 months fromThe SPA the dateis conditional of the SPA upon or the such following other extendedconditions time precedent as may being be mutuallyfulfilled within agreed 6 months by the parties:from the date of the SPA or such other extended time as may be mutually agreed by the parties: (a) The Purchaser obtaining the written approval of the State Authority of Johor on the (a) purchaseThe Purchaser of the obtainingsaid Property the written in accordance approval with of theSection State 433B Authority of the of National Johor on Land the Code,purchase 1965. of theAll saidcost Propertyand expenses in accordance for the ap withplication Section including 433B of levy the shallNational be borneLand solelyCode, by1965. the Purchaser;All cost and expenses for the application including levy shall be borne solely by the Purchaser; (b) The Vendor obtaining its Members’ Resolution and the approval of the shareholders of (b) itsThe holding Vendor company, obtaining HG its BMembers’ at an EGM Resolutionto be convened and theand approval other ofregulatory the shareholders approval of(if any)its holding; company, HGB at an EGM to be convened and other regulatory approval (if any);

III. Other Terms III. Other Terms (a) If the Vendor shall fail to observe or perform or otherwise be in breach of any of the (a) fundamentalIf the Vendor provisions shall fail to of observethe SPA, or the perform Purchaser or otherwise shall be beentitled in breach at the of Pur anychaser’s of the solefundamental discretion provisions to either of the the remedySPA, the of Purchaser specific performance shall be entitled or termi at thenate Pur thechaser’s SPA whereuponsole discretion the Vendorto either shall the refundremedy all ofsum specific paid by performance the Purchaser or andtermi innate addition, the SPA pay awhereupon sum equivalent the Vendor to the shallDeposit refund as agreedall sum liquidated paid by the damages; Purchaser and in addition, pay a sum equivalent to the Deposit as agreed liquidated damages; (b) The Vendor shall ensure the discharge of charge currently registered in favour of Hong (b) LeonThe Vendorg Islamic sh allBank ensure Berhad the discharge(“HLIBB”) ofover charge the currentlyProperty registeredupon full settlementin favour of of Hong the redemptionLeong Islamic sum Bank to HLIBB Berhad. (“HLIBB”) over the Property upon full settlement of the redemption sum to HLIBB.

99 9 APPENDIX I

SALIENT TERMS AND CONDITIONS OF THE SPA

(c) In the event of the Purchaser desiring to terminate the SPA pursuant to compulsory acquisition of the said Property by the Government or any statutory body or agency, then the Purchaser shall notify the Vendor of such his desire or claim which either party hereto may be entitled to against the other party hereto in respect of any antecedent breach of the SPA. The Vendor shall cause to refund within fourteen (14) business days upon receipt of the notice of termination pay to the Purchaser all moneys (including but not limited to the Deposit) paid towards account of the Purchase Price free from interest.

(d) In the event of default by PCSB and provided the Vendor is not in breach, the Vendor shall be entitled to either the remedy of specific performance or to terminate the SPA and forfeit the Deposit as agreed liquidated damages;

(e) Completion of the SPA shall take place on the date the Vendor’s solicitors receive the Balance Purchase Price under the terms of the SPA.

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10 10 APPENDIX II

11 11 APPENDIX II

12 12 APPENDIX II

13 13 APPENDIX II

14 14 APPENDIX II

15 15 APPENDIXAPPENDIXAPPENDIX IIIII II

16 1616 16 APPENDIXAPPENDIX II II

17 17 17 APPENDIX II

18 18 APPENDIX II

19 19 APPENDIX III APPENDIX III FURTHER INFORMATION FURTHER INFORMATION

1. DIRECTORS’ RESPONSIBILITY STATEMENT 1. DIRECTORS’ RESPONSIBILITY STATEMENT This Circular has been seen and approved by the Board who collectively and individually acceptThis Circular full responsibility has been seen for the and accuracy approved of by the the informationBoard who given collectively and confirm and individually that, after makingaccept fullall reasonableresponsibility enquiries for the andaccuracy to the ofbest the of information their knowledge given andand beliconfirmef, there that, are after no othermaking facts, all reasonable the omission enquiries of which and would to the make best any of theirstatement knowledge herein and misleading. belief, there are no other facts, the omission of which would make any statement herein misleading. 2. CONSENT 2. CONSENT Savills (Johor) Sdn Bhd has given and has not subsequently withdrawn its written consent toSavills the inclusion (Johor) Sdn in this Bhd Circularhas given of its and name has and not referencessubsequently in thewithdrawn form and its context written inconsent which theyto the appea inclusionr. in this Circular of its name and references in the form and context in which they appear. The Valuer has also given their confirmation that there is no conflict of interest which exists orThe likely Valuer to existhas alsoin relation given totheir theirconfirmation role as independent that there valueris no conflictfor the ofProposed interest Disposalwhich exists. or likely to exist in relation to their role as independent valuer for the Proposed Disposal. 3. MATERIAL CONTRACT 3. MATERIAL CONTRACT Except as disclosed below, neither HGB nor its subsidiaries have entered into any contracts (notExcept being as disclosedcontracts enteredbelow, neither into in HGBthe ordinarynor its subsidiariescourse of business) have entered within into the anytwo contracts(2) years immediately(not being contracts preceding entered the date into of in this the Circular ordinary. course of business) within the two (2) years immediately preceding the date of this Circular. (i) On 6 December 2017, HGB entered into a heads of agreement with Hextar Holdings (i) OnSdn 6 Bhd December for the 2017,proposed HGB acquisitionentered into of afour heads (4) ofordinary agreeme sharesnt with of Hextar USD0.10 Holdings each Sdn(equivalent Bhd for tothe approximatelyproposed acquisition RM0.41 of foureach, (4) based ordinary on shares an exchange of USD0.10 rate each of (equivalentUSD1.00:RM4.0875) to approximately in Hextar RM0.41Chemicals each, Limited, based representing on an exchange the entire rate equity of USD1.00:RM4.0875)interest therein in Hextar Chemicals Limited, representing the entire equity interest therein (ii) On 15 May 2018, Halex entered into a sale of shares agreement with Hextar for the (ii) proposedOn 15 May acquisition 2018, Halex by entered Halex ofinto the a saleentire of sharesequity agreementinterest in Hextarwith Hextar Chemicals for the Limitedproposed from acquisition Hextar Holdings by Halex Sdn of Bhdthe forentire an aggregateequity interest purchase in Hextar considera Chemicalstion of RM596,794,275Limited from Hextar (“Consideration Holdings Sdn”). Bhd The for Consideration an aggregate willpurchase be satisfied considera throughtion ofa combinationRM596,794,275 of cash (“Consideration amounting to”). RM17,903,828 The Consideration and the will issuance be satisfied of 714,679,564 through a newcombination ordinary of shares cash amountingin Halex to(“ ConsiderationRM17,903,828 andShare(s) the issuance”) at an ofissue 714,679,564 price of RM0.81new ordinary per Con sharessiderationin Halex Share (“(Consideration“Acquisition”) . Share(s)”) at an issue price of RM0.81 per Consideration Share (“Acquisition”). The Company had on 1 April 2019 obtained the approval from the shareholders for theThe Acquisition,Company had and on subsequently 1 April 2019 onobtained 30 April the 2019, approval announced from the the shareholders completion forof the Acquisition,Acquisition uponand subsequentlythe listing and on quotation 30 April and2019, placement announcedof the714,679,564 completion new of ordinarythe Acquisition shares uponin the the Company listing andarising quotation from the and Acquisition. placement of 714,679,564 new ordinary shares in the Company arising from the Acquisition. (iii) On 21 October 2019, HLSB, a wholly-owned subsidiary of the Company entered (iii) intoOn 21a conditional October 2019, SPA HLSBwith PCSB, a whollyto dispose-owned to subsidiary PCSB a piece of the of Companyfreehold industrial entered landinto ameasu conditionalring approximatelySPA with PCSB 4.50318to dispose hectares to PCSB together a piece with of freehold a single industrial storey detachedland measu factoryring approximatelyand an annexed 4.50318 double storeyhectares office together building with erected a single thereon storey for adetached total consideration factory and anof RM30.annexedmillion. double The storeyProposed office buildingDisposal erected is subject thereon to thefor approvala total consideration of shareholders of RM30.at an EGMmillion.to be The convened.Proposed Disposal is subject to the approval of shareholders at an EGM to be convened.

4. MATERIAL LITIGATION 4. MATERIAL LITIGATION The Board of the Company has confirmed that the Company and/or its subsidiaries are not presentlyThe Board engaged of the Company in any material has confirmed litigation, that material the Company claim and and/or arbitration its subsidiaries either as plaintiffare not orpresently defendant engaged and the in anyDirectors material do litigation,not have anymaterial knowledge claim and of any arbitration proceedings either pendingas plaintiff or threatenedor defendant against and the the Dir Companyectors do and/or not have its subsidiariesany knowledge or of of any any facts proceedings likely to givepending rise orto anythreatened proceedings against which the Company may materially and/or itaffects subsidiaries the financial or of anyposition facts orlikely business to give riseof the to Companyany proceedings and/or itswhich subsidiaries. may materially. affect the financial position or business of the Company and/or its subsidiaries.. 2020 20 APPENDIX III

FURTHER INFORMATION

5. MATERIAL COMMITMENTS AND CONTINGENT LIABILITIES

As at the LPD, the Board is not aware of any material commitments or contingent liability incurred or known to be incurred by HGB or the Group, which upon becoming enforceable, may have a material impact on the financial position of the Group.

6. DOCUMENTS AVAILABLE FOR INSPECTION

The following documents are available for inspection during normal business hours (except public holidays) from the date of this Circular up to and including the date of the forthcoming EGM, at the Registered Office of the Company at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur:

(i) Constitution of the Company;

(ii) the audited consolidated financial statements of HGB for the past two (2) financial years ended 31 December 2017 and 31 December 2018, and the latest unaudited consolidated results of HGB for the financial quarter period ended 30 September 2019;

(iii) letter of consent referred to in paragraph 2 above;

(iv) material contracts referred to in paragraph 3 above;

(v) Valuation Certificate dated 19 November 2019; and

(vi) the SPA in relation to the Proposed Disposal.

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21 21

HEXTAR GLOBAL BERHAD (Formerly known as Halex Holdings Berhad) Registration No. 199001014551 (206220-U) (Incorporated in Malaysia)

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Hextar Global Berhad (Formerly known as Halex Holdings Berhad) (“Company”) will be held at Grand Patio, Level 2, Concorde Hotel Shah Alam, 3, Jalan Tengku Ampuan Zabedah C9/C, 40100 Shah Alam, Selangor Darul Ehsan on Monday, 24 February 2020 at 10.30 a.m. for the purpose of considering and, if thought fit, to pass the following resolution:

ORDINARY RESOLUTION

PROPOSED DISPOSAL OF A PIECE OF FREEHOLD INDUSTRIAL LAND TOGETHER WITH SINGLE STOREY DETACHED FACTORY AND AN ANNEXED DOUBLE STOREY OFFICE BUILDING ERECTED THEREON (“PROPERTY”) BY HALEX LINK SDN BHD (“HLSB”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY (REFEREED TO AS “PROPOSED DISPOSAL”)

“THAT subject to the approvals of all relevant parties and/or authorities being obtained (where required), approval be and is hereby given for HLSB to dispose of the Property to Plato Chemical (M) Sdn Bhd (“PCSB”) for a total cash consideration of RM30,000,000 and upon the terms and conditions contained in the conditional Sale and Purchase Agreement dated 21 October 2019 entered into between HLSB and PCSB for the Proposed Disposal.

THAT the Directors of the Company be and are hereby authorised to act on behalf of the Company to give effect to Proposed Disposal and be given full powers to assent to any modifications, revaluation, variations, arrangement, conditions and/or amendments in relation to Proposed Disposal as they may deem fit and in the best interest of the Company and/or as may be required by the relevant authorities.

AND THAT the Directors of the Company be and are hereby authorised to take all steps as they may deem fit and expedient in order to implement, finalise, complete and do all acts, deeds and things as they may deem fit or expedient and in the best interest of the Company (including to execute, sign and deliver on behalf of the Company all such documents as may be necessary) so as to give full effect to Proposed Disposal.”

By Order of the Board

LIM HOOI MOOI (MAICSA No. 0799764) ONG WAI LENG (MAICSA No. 7065544) ANG ENG SUN (MIA No. 16014) Company Secretaries

31 January 2020 Kuala Lumpur

Notes:- i) A member of a Company shall be entitled to appoint another person as his proxy to exercise all or any of his rights to attend, participate, speak and vote at meeting of members of the Company. A member may appoint more than one proxy in relation to a meeting, provided that the member specifies the proportion of the member’s shareholdings to be represented by each proxy. A proxy may but need not be a member of the Company. ii) Where a Member of the Company is an authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991 (“SICDA”), it may appoint not more than two (2) proxies in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account. iii) For a member of the Company who is an exempt authorised nominee which holds ordinary shares in the Company for multiple beneficial owners in one (1) securities account (“omnibus account”), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds. An exempt authorised nominee refers to an authorised nominee defined under SICDA which is exempted from compliance with the provisions of subsection 25A(1) of SICDA. iv) Where a member or the authorized nominee appoints more than two (2) proxies, or where an exempt authorized nominee appoints more than one (1) proxy in respect of each omnibus account to attend and vote at the same meeting, the appointments shall be invalid unless the proportion of shareholdings to be represented by each proxy is specified in the instrument appointing the proxies. v) The instrument appointing a proxy shall be in writing signed by the appointor or by his attorney who is authorised in writing. In the case of a corporation, the instrument appointing a proxy or proxies must be made either under its common seal or signed by an officer or an attorney duly authorised. vi) The instrument appointing a proxy may be made in a hard copy form or by electronic means in the following manner and must be received by the Company not less than forty-eight (48) hours before the time appointed for holding the meeting or adjourned meeting at which the person named in the appointment the proxies:-

i. In hard copy form In the case of an appointment made in hard copy form, the Form of Proxy must be deposited at the office of the Share Registrar, Tricor Investor & Issuing House Services Sdn. Bhd. at Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur or its Customer Service Centre at Unit G-3, Ground Floor, Vertical Podium, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur.

ii. Online In the case of an appointment made via online lodgement facility, please login to the link website at https://tiih.online and select “e-Services” to login. Please refer to the Annexure 1 in the Administrative Guide on how to register to TIIH Online and submit your Form of Proxy electronically. vii) For the purpose of determining a member who shall be entitled to attend and vote at the meeting, the Company shall be requesting Bursa Malaysia Depository Sdn Bhd to make available to the Company a Record of Depositors as at 13 February 2020 and only a depositor whose name appears on the Record of Depositors shall be entitled to attend the meeting or appoint proxies to attend and vote in his stead. ✄ Contact: Contact: Seal o Signature/ Common ______this Dated anwith “X”. below indicated as a poll or on of hands show ona either is to vote proxy My/Our thereof. adjournment any and Ehsan Darul Selangor Alam, Shah 40100 C9/C, Zabedah at held be to Company vo to proxy my/our as where delete *to ______(Old) or failing him/her the Chairman of the Meeting the of Chairman the him/her failing or (Old) ______(New) ______NRICNo. letters) in capital NRIC, (Nam ______failing him/her Or letters) appoint of being a Member(s) of ______NRIC N letters) capital in per NRIC, as of Shareholder (Name ______I/We CDS Account CDS Number of Shares held Dated this ____ this Dated anwith “X”. below indicated as a poll or on of hands show ona either is to vote proxy My/Our thereof. adjournment any and Ehsan Darul Selangor Alam, Shah 40100 C9/C, Zabedah at held be to Company vo to proxy my/our as where delete *to Contact: Contact: Seal o Signature/ Common ______Ordinary Resolution Resolution Ordinary RESOLUTION letters) appoint of being a Member(s) of ______NRIC N letters) capital in per NRIC, as of Shareholder (Name ______I/We ______(Old) or failing him/her the Chairman of the Meeting the of Chairman the him/her failing or (Old) ______(New) ______NRICNo. letters) in capital NRIC, (Nam ______failing him/her Or CDS Account CDS Number of Shares held Ordinary Resolution Resolution Ordinary RESOLUTION , o./Company o./Company ______(Name of proxy as per NRIC, in capital capital in per NRIC, as of proxy (Name ______NRIC No. ______(New ______No. NRIC , o./Company o./Company ______(Name of proxy as per NRIC, in capital capital in per NRIC, as of proxy (Name ______NRIC No. ______(New ______No. NRIC appropriate ___ day of day ___ appropriate ___ day of day ___ No.______(New) ______(Old) No.______(New) HEXTAR GLOBAL BERHAD GLOBAL HEXTAR te for me/us on my/our behalf at the the at behalf my/our on me/us for te – No.______(New) ______(Old) No.______(New) Grand Patio, Level 2, Concorde Hotel Shah Alam, 3, Jalan Tengku Ampuan Ampuan Tengku 3, Jalan Alam, Shah Hotel 2, Concorde Level Patio, Grand HEXTAR GLOBAL BERHAD GLOBAL HEXTAR Proposed Disposal Disposal Proposed te for me/us on my/our behalf at the the at behalf my/our on me/us for te – Grand Patio, Level 2, Concorde Hotel Shah Alam, 3, Jalan Tengku Ampuan Ampuan Tengku 3, Jalan Alam, Shah Hotel 2, Concorde Level Patio, Grand ______2020 ______f Shareholder(s) Proposed Disposal Disposal Proposed (Formerly known as Halex Holdings Berhad) Berhad) Holdings Halex as known (Formerly Registration No. No. Registration ______2020 ______f Shareholder(s) (Formerly known as Halex Holdings Berhad) Berhad) Holdings Halex as known (Formerly Registration No. No. Registration HEXTAR GLOBAL BERHAD GLOBAL HEXTAR HEXTAR GLOBAL BERHAD GLOBAL HEXTAR (Incorporated in in (Incorporated (Incorporated in in (Incorporated (Before completing this form please refer to the notes below) notes the to refer please form this (Before completing (Before completing this form please refer to the notes below) notes the to refer please form this (Before completing 199001014551

199001014551

(Formerly known as Halex Holdings Berhad) Holdings Halex known as (Formerly . Malaysia) (Formerly known as Halex Holdings Berhad) Holdings Halex known as (Formerly . Malaysia) on on Total 100% Total % 2 Proxy % 1 Proxy proxies: the by be represented to of shareholdings For FOR on on For For Total 100% Total % 2 Proxy % 1 Proxy proxies: the by be represented to of shareholdings

FOR Mon ( 206220 appointment of two proxies, percentage percentage proxies, two of appointment ) ______)

Extraordinary Extraordinary Mon ( 206220 appointment of two proxies, percentage percentage proxies, two of appointment

) ______) day, day, Extraordinary Extraordinary

day, day, No. of SharesNo. - U) 24 Fe 24 No. of SharesNo. - U) 24 Fe 24 bruary 2020 bruary General Meeting of the the of Meeting General bruary 2020 bruary FORM PROXY OF General Meeting of the the of Meeting General AGAINST FORM PROXY OF

AGAINST

e of proxy as per as of proxy e Percentage ------e of proxy as per as of proxy e Percentage ------at at ------at at 10.30 10.30 __ (Old) __ , hereby , hereby a __ (Old) __ , hereby , hereby . m a * . .

m * .

iii. Online In the case of an appointment made via online lodgement facility, please login to the link website at https://tiih.online and select “e-Services” to login. Please refer to the Annexure 1 in the Administrative Guide on how to register to TIIH Online and submit your Form of Proxy electronically. vii) For the purpose of determining a member who shall be entitled to attend and vote at the meeting, the Company shall be requesting Bursa Malaysia Depository Sdn Bhd to make available to the Company a Record of Depositors as at 13 February 2020 and only a depositor whose name appears on the Record of Depositors shall be entitled to attend the meeting or appoint proxies to attend and vote in his stead.

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AFFIX STAMP

The Share Registrar HEXTAR GLOBAL BERHAD (Formerly known as Halex Holdings Berhad) TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur

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