CIRCULAR/STATEMENT TO SHAREHOLDERS IN RELATION TO THE PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DIVERSIFICATION OF THE BUSINESS ACTIVITIES OF INFOLINE TEC GROUP BERHAD AND ITS SUBSIDIARIES TO INCLUDE MECHANICAL AND ELECTRICAL BUSINESS ("PROPOSED DIVERSIFICATION")

(I) PROPOSED ACQUISITION OF 2 ADJOINING INTERMEDIATE UNITS OF 3-STOREY SEMI-DETACHED FACTORY BUILDINGS BUILT ON LEASEHOLD LAND, H.S.(D) 296779 & 296780, PT NO. 12703 & 12704, PEKAN BARU SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR, FOR A TOTAL PURCHASE CONSIDERATION OF RM18,577,776 TO BE SATISFIED VIA CASH ("PROPOSED ACQUISITION"); AND (II) PROPOSED ESTABLISHMENT OF AN EMPLOYEE SHARE OPTION SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF THE ISSUED SHARE CAPITAL OF INFOLINE TEC GROUP BERHAD (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME DURING THE DURATION OF THE PROPOSED ESOS FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES WHICH ARE NOT DORMANT ("PROPOSED ESOS")