CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED PRIVATE PLACEMENT OF UP TO 152,724,425 NEW ORDINARY SHARES IN TCS, REPRESENTING APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT"); AND II) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF TCS AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT ACTIVITIES ("PROPOSED DIVERSIFICATION")

CIRCULAR TO SHAREHOLDERS - PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE