| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO
PART A
(I) PROPOSED BONUS ISSUE OF 159,866,976 NEW ORDINARY SHARES OF RM0.50 EACH ("BONUS SHARES") IN KOSSAN RUBBER INDUSTRIES BHD ("KOSSAN" OR THE "COMPANY") ("KOSSAN SHARES" OR "SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING KOSSAN SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER;
(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF KOSSAN FROM
RM150,000,000 COMPRISING 300,000,000 SHARES TO RM1,000,000,000 COMPRISING 2,000,000,000 SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL");
(III) PROPOSED PURCHASE BY KOSSAN OF UP TO TEN PERCENT (10%) OF ITS ISSUED AND PAID-UP SHARE CAPITAL ("PROPOSED SHARE BUY-BACK"); AND
(IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF KOSSAN TO FACILITATE THE PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL AND PROPOSED SHARE BUY-BACK
PART B
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF KOSSAN TO BE IN LINE WITH THE MAIN MARKET LISTING REQUIREMENTS OF BURSA SECURITIES |