INITIAL PUBLIC OFFERING (“IPO”) IN CONJUNCTION WITH THE LISTING OF WTEC GROUP BERHAD (“WTEC GROUP” OR “COMPANY”) ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) COMPRISING: (I) PUBLIC ISSUE OF 90,168,000 NEW ORDINARY SHARES IN WTEC GROUP (“SHARES”) IN THE FOLLOWING MANNER: (A) 24,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 9,600,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF WTEC GROUP; AND (C) 56,568,000 NEW SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY (“MITI”); AND (II) OFFER FOR SALE OF 43,200,000 EXISTING SHARES IN THE FOLLOWING MANNER: (A) 3,432,000 EXISTING SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY MITI; AND (B) 39,768,000 EXISTING SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AT AN IPO PRICE OF RM0.25 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
