CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL OF 70,034,999 ORDINARY SHARES IN WINSTAR CAPITAL BERHAD ("WCB") ("SALE SHARE(S)"), REPRESENTING 22.44% EQUITY INTEREST IN WCB TO CHUA NYOK CHONG, CHUA BOON HONG, LEE YONG ZHI, KHOO NEE CHENG, DATUK LOW CHIN KOON, NG CHENG KENG, PHUAH HUE SHUN, POR TEONG ENG AND CHU KERD YEE FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM30.1 MILLION (BASED ON RM0.43 PER SALE SHARE) ("PROPOSED DISPOSAL")

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF 50 MEGAWATT LARGE-SCALE SOLAR PHOTOVOLTAIC POWER GENERATION PLANT FROM PKNP RENEUCO SURIA SDN BHD (IN RECEIVERSHIP), A 95%-OWNED SUBSIDIARY OF RENEUCO BERHAD, BY SAM 2 SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SUNVIEW, FOR A TOTAL CASH CONSIDERATION OF RM70.0 MILLION; (II) PROPOSED ACQUISITION OF 10,000,000 ORDINARY SHARES IN JAKS SOLAR NIBONG TEBAL SDN BHD ("JSNT"), REPRESENTING THE ENTIRE EQUITY INTEREST IN JSNT, BY SUNVIEW ASSET MANAGEMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNVIEW, FROM JAKS SOLAR POWER SDN BHD FOR A CASH CONSIDERATION OF RM15.0 MILLION AND THE SETTLEMENT OF AMOUNT OWING BY JSNT OF UP TO RM40.0 MILLION; AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF SUNVIEW AND ITS SUBSIDIARIES TO INCLUDE SOLAR POWER GENERATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")