CIRCULAR TO SHAREHOLDERS IN RELATION TO: (I) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF FLEXIDYNAMIC AND ITS SUBSIDIARIES TO INCLUDE PROVISION OF STERILISATION SERVICES USING GAMMA RADIATION ("PROPOSED DIVERSIFICATION"); (II) PROPOSED SUBSCRIPTION OF 16,080,184 NEW ORDINARY SHARES IN GAMMATECH SDN BHD ("GAMMATECH") FOR A TOTAL CASH CONSIDERATION OF RM16,080,184 ("PROPOSED SUBSCRIPTION"); (III) PROPOSED ACQUISITION OF A PARCEL OF INDUSTRIAL FREEHOLD LAND HELD UNDER GM 2418, LOT 2202, TELUK PANGLIMA GARANG, KUALA LANGAT, SELANGOR MEASURING APPROXIMATELY 1.6314 HECTARES BY GAMMATECH, A 51%-OWNED SUBSIDIARY OF FLEXIDYNAMIC FROM H&A VENTURES SDN BHD FOR A TOTAL CONSIDERATION OF RM15,450,000, TO BE SATISFIED VIA ISSUANCE OF 15,450,000 NEW ORDINARY SHARES IN GAMMATECH ("PROPOSED ACQUISITION"); (IV) PROPOSED PRIVATE PLACEMENT OF UP TO 89,903,000 NEW ORDINARY SHARES IN FLEXIDYNAMIC ("FLEXIDYNAMIC SHARES"), REPRESENTING UP TO 30.0% OF THE EXISTING NUMBER OF ISSUED SHARES IN FLEXIDYNAMIC ("PROPOSED PRIVATE PLACEMENT"); AND (V) PROPOSED BONUS ISSUE OF WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 4 FLEXIDYNAMIC SHARES HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS") (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")