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Details of corporate proposal
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(I) ACQUISITION BY NCT ALLIANCE BERHAD ("NCT" OR "COMPANY") OF 100 ORDINARY SHARES IN NCT WORLD SDN BHD ("NCT WORLD") FROM DATO' SRI YAP NGAN CHOY AND DATO' YAP FOOK CHOY, REPRESENTING THE ENTIRE EQUITY INTEREST OF NCT WORLD, FOR A PURCHASE CONSIDERATION OF UP TO RM490,256,718 TO BE SATISFIED VIA THE ISSUANCE AND ALLOTMENT OF UP TO 104,166,667 NEW ORDINARY SHARES IN NCT ("NCT SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.48 PER CONSIDERATION SHARE AND 917,201,496 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN NCT ("CONSIDERATION RCPS") AT AN ISSUE PRICE OF RM0.48 PER CONSIDERATION RCPS
(II) SETTLEMENT OF ADVANCES OF RM50.0 MILLION EXTENDED BY NCT VENTURE CORPORATION SDN BHD TO NCT WORLD AND ITS SUBSIDIARIES VIA THE ISSUANCE AND ALLOTMENT OF 104,166,667 NEW NCT SHARES ("SETTLEMENT SHARES") AT AN ISSUE PRICE OF RM0.48 PER SETTLEMENT SHARE
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