PROPOSED ACQUISITION OF 400,000 ORDINARY SHARES IN LOCAL ASSEMBLY SDN. BHD. ("LOCAL ASSEMBLY") ("SALE
SHARE(S)"), REPRESENTING AN ADDITIONAL 40% EQUITY INTEREST IN LOCAL ASSEMBLY (A 40%-OWNED SUBSIDIARY
OF GE-SHEN) FROM CHAI VOON SUN, GURMAKH SINGH A/L AJMER SINGH, WEE THIAN SONG AND DIVINE INVENTIONS SDN.
BHD. ("DIVINE INVENTIONS") (COLLECTIVELY REFERRED TO AS "VENDORS" AND EACH A "VENDOR") FOR A TOTAL PURCHASE
CONSIDERATION OF RM52,000,000 TO BE SATISFIED BY A COMBINATION OF RM39,000,001 IN CASH AND RM12,999,999 VIA
THE ISSUANCE OF 8,666,666 NEW ORDINARY SHARES IN GE-SHEN ("GE-SHEN SHARE(S)" OR "SHARE(S)") AT AN ISSUE PRICE OF
RM1.50 EACH ("PROPOSED ACQUISITION")

PROPOSED PRIVATE PLACEMENT OF UP TO 30,161,200 NEW SHARES ("PLACEMENT SHARE(S) 2"), REPRESENTING NOT MORE
THAN 6.50% OF THE ENLARGED NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) TO
THIRD PARTY INVESTOR(S) AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT 2")