CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 243,600,000 NEW ORDINARY SHARES IN TCS GROUP HOLDINGS BERHAD ("TCS" OR "THE COMPANY") ("TCS SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ON THE BASIS OF TWO RIGHTS SHARES FOR EVERY FIVE EXISTING TCS SHARES HELD BY OUR ORDINARY SHAREHOLDERS AS AT THE CLOSE OF BUSINESS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER BY OUR BOARD OF DIRECTORS, TOGETHER WITH UP TO 146,160,000 FREE DETACHABLE WARRANTS IN OUR COMPANY ("WARRANTS B") ON THE BASIS OF THREE WARRANTS B FOR EVERY FIVE RIGHTS SHARES SUBSCRIBED FOR ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); AND (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(B) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ISSUED BY THE SC TO DATO IR. TEE CHAI SENG AND PERSON ACTING IN CONCERT WITH HIM, FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER FOR THE REMAINING TCS SHARES AND WARRANTS B NOT ALREADY OWNED BY THEM UNDER THE PROPOSED RIGHTS ISSUE WITH WARRANTS.

NOTICE TO WARRANT A HOLDERS IN RELATION TO THE EXPIRY AND LAST DATE FOR THE EXERCISE OF WARRANTS A 2021/2024