(A) PUBLIC ISSUE OF 85,979,000 NEW ORDINARY SHARES IN BINASAT COMMUNICATIONS BERHAD (SHARES) COMPRISING (I) 13,000,000 SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 13,000,000 SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES, AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND (III) 59,979,000 SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; (B) OFFER FOR SALE OF 40,000,000 EXISTING ORDINARY SHARES IN BINASAT COMMUNICATIONS BERHAD (OFFER SHARES) BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.46 PER SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.