INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF HE GROUP BERHAD ("HE GROUP" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 86,889,700 NEW ORDINARY SHARES IN THE COMPANY ("HE GROUP SHARES" OR "SHARES") IN THE FOLLOWING MANNER: (A) 22,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 11,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF HE GROUP; AND (C) 53,889,700 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AND (II) OFFER FOR SALE OF 44,000,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AT AN IPO PRICE OF RM0.28 PER SHARE PAYABLE IN FULL UPON APPLICATION.